Gas

Construction works under the Nord Stream 2 gas pipeline project may be finished already in August, Matthias Warnig, managing director of Nord Stream 2 AG, the project operator, said in an interview with the Handelsblatt newspaper on Sunday. “We believe that construction works will be over by the end of …

Qatar Petroleum (QP) on Wednesday entered into a long-term Sale and Purchase Agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to the People’s Republic of China for ten years. LNG deliveries will commence in January 2022 to various LNG terminals in China, …

Natural gas giant Qatar Petroleum predicted global demand for the fuel will continue to climb for almost two decades, making it far more optimistic than the International Energy Agency. QP expects consumption to grow at a rate of 1.5% a year, driven higher by economic growth and a broad shift …

The United States and Germany want to compensate Ukraine for losses after the launch of the Nord Stream 2 gas pipeline, Bloomberg reports citing sources. The agreement, which some officials hope to have ready for Chancellor Angela Merkel’s visit to Washington next month, could see the countries commit to bolstering …

China’s CNOOC this week started production from the first deepwater gas field it operates fully, Reuters has reported, adding that the field is expected to yield some 4.39 billion cubic meters of natural gas, representing 2 percent of China’s total output. The Chenhai-1 well was drilled at the Lingshui 17-2 …

Egyptian Prime Minister Mostafa Madbouly said he wanted to work with the Greek government to export surplus natural gas to Europe. It is part of a wider push to boost cooperation across energy and electrical grid interconnection across the island of Crete, which lies midway between the North African country …

Japan has been the world’s biggest LNG market for as long as most people can remember. Decades of LNG expansion in the supply of the country have been driven by utilities and trading firms, which have been the basis of long-term deals for Japan. However, nothing lasts indefinitely, and with …

India started buying prompt shipments of liquefied natural gas from the spot market after a two-month absence, indicating a rebound in demand as the nation exits a deadly phase of the Covid-19 pandemic. Petronet LNG Ltd. and Indian Oil Corp. awarded tenders for delivery over the next few months, the …

A new wave of LNG importers borne out of China’s gas market reforms is the new growth opportunity in Asia’s LNG market, but their limited procurement capability and prompt demand requirements mean they are active only in the spot market. This complicates the marketing strategy of large LNG producers like …

Russia-to-Turkey natural gas pipeline Turkish Stream will temporarily halt gas flow on June 22-29 on its offshore lines for annual maintenance and routine diagnostics, the project company TurkStream, said today. The works will be carried out by South Stream Transport B.V., the operator of the offshore pipeline system. TurkStream consists …