Gas

Ukraine has said it will continue to fight against the Nord Stream 2 after Russia announced the gas pipeline was completed. The Kremlin said the pipeline, which runs from Russia to Germany, should be put into operation “as soon as possible”. The controversial project, which began in April 2018, has …

Nord Stream 2, the controversial gas pipeline from Russia to Germany, has been completed according to Gazprom, the Russian gas company that built the route. Alexey Miller, chairman of the management committee, announced completion at 8:45 a.m. Moscow time on Friday. The 1,200km pipeline follows much the same route as …

Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached almost $662 per 1,000 cubic meters MOSCOW, September 8. /TASS/. The gas price in Europe surpassed the $660 per 1,000 cubic meters mark during Wednesday trading, according to data provided by London’s ICE. …

Turkey is on its way to becoming a key hub for LNG supplies with cooperation from Turkey’s largest public institution in the areas of energy, trade, transportation and storage, BOTAS, along with Arkas Bunkering and Sumitomo Corporation, according to Turkey’s BOTAS on Wednesday. A confidentiality agreement signed between BOTAS, which …

Turkey’s liquefied natural gas (LNG) import dropped 41.3 percent in the first half of the year compared to the same period of 2020, as LNG prices hit record-high levels on international markets. According to Energy Market Regulatory Authority (EMRA) data compiled by Anadolu Agency, Turkey imported 30.3 billion cubic meters …

Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions and lockdowns. Airline traffic in Europe is still 30 percent below pre-COVID levels from 2019, but road fuel demand has …

China’s first self-operated deep-water gas field Deep Sea No1 on Monday officially entered operation after completion of its last production well, demonstrating China’s attainments in ocean gas and oil exploration. Deep Sea No 1 can provide over 3 billion cubic meters of deep-water natural gas annually to Guangdong-Hong Kong-Macao Greater …

The Nord Stream 2 gas pipeline project will likely be completed this month, Rainer Seele, the head of the Austrian oil giant OMV, told the Russian Vedomosti newspaper. Asked when construction will be finished, Seele said “next week,” adding that gas could start flowing before the end of 2021. Kremlin …

European energy executives have warned of a difficult winter ahead as natural gas prices soar to records, a grim prospect for households and businesses recovering from the global pandemic. Gas prices in Europe are breaking records day after day as economies reopen and people return to the office, boosting demand …

Natural gas prices are undergoing a historic surge, and it’s bad news for everyone from ceramic makers in China to customers of patisseries in Paris. The cost of the fuel is already at record seasonal highs in most major markets and looks likely to rise further, threatening to dent the …