Gas

Remote, quiet but energy-rich: the coastal area of Lubmin in north Germany hosts the world’s most controversial gas pipeline. Nord Stream 2 stretches for 1,200 kilometres from Vyborg in Russia through the Baltic Sea to Lubmin in Germany, bypassing Ukraine and Poland. The gas pipeline is finished, but it is …

Russia will set a new record in terms of domestic gas consumption in 2021, Deputy Prime Minister Alexander Novak said in an interview aired by Sergey Brilev’s news show on Rossiya-1 on Saturday. “Russia is also demonstrating record gas consumption results, domestically, which is particularly related to an active economic …

Several Chinese energy giants have intensified discussions with U.S. liquefied natural gas (LNG) exporters to secure long-term supply deals in light of record spot prices in Asia, rising demand, and the specter of power shortages, Reuters reported on Friday, quoting industry sources. China and many other energy importers in Asia …

Filling of the first string of the Nord Stream 2 gas pipeline with gas will not take a lot of time and it has been almost completely filled already, Chairman of the Energy Committee of the State Duma, the lower house of the Russian parliament, Pavel Zavalny told TASS on …

The European Union will look into an option for member states to jointly buy natural gas as the bloc considers ways to protect itself against surging energy prices, according to a draft document. The European Commission will this week publish a “toolbox” of measures that European Union countries can take …

The high prices and volatility we are seeing in the European gas market go beyond current market tightness, cutting to the heart of a very real concern: will there be enough gas this winter to meet demand? And the answer is: it depends. Many factors will influence how the European …

Earlier this week, the price of gas futures in Europe broke a new record, exceeding $1,900 per 1,000 cubic metres, before falling by $740 and temporarily stabilising at about $1,198. The already strained European gas markets may become more volatile next week, when bad weather is expected to increase demand …

Europe may face gas shortages this winter if the cold weather depletes storage levels to zero, leaving the region entirely dependent on additional flows from Russia, according to consultant Wood Mackenzie Ltd. If Europe and Asia experience cold winters, there won’t be enough gas to meet demand unless extra volumes …

Russia has been gradually increasing gas deliveries to Europe over the past nine months, boosting exports by 15% compared to last year and edging toward record gas deliveries via all routes, including Ukraine, Gazprom Export says. According to company CEO Elena Burmistrova, from January to September this year Russia’s state …

Germany’s energy regulator said the Nord Stream 2 pipeline must show it would not break competition rules by limiting which suppliers used it and could face a fine if it started pumping Russian gas to Germany without securing necessary approvals. Nord Stream 2, a project led by Gazprom, which has …