Gas

Europe still contends with China for the title of top buyer of Gazprom PJSC’s pipeline gas, more than two years after Russia’s invasion of Ukraine slashed its western energy sales. This situation reflects both the Kremlin’s successes and failures. Even after many rounds of international sanctions, Russia still supplies substantial …

U.S. sanctions have proven successful in suspending production at Arctic LNG 2 and delaying the expansion of the project, according to a U.S. State Department official. “Putin hoped to ramp up output from Arctic LNG 2 during the first quarter of 2024 but has been unable to load even one …

Turkey has said it is prepared to significantly increase natural gas exports to the European Union, desperate to further wean itself off Russian gas, but it won’t be easy or cheap: In order to do that, the most likely route is to re-export Azeri natural gas from Turkey. That, in …

After years of being more or less isolated from the rest of the world, U.S. benchmark natural gas prices are becoming an influential force in shaping the structure of many contracts on the global LNG market. The price at Henry Hub in the United States will give increasingly important price …

Egypt’s natural gas production has dropped to the lowest in more than six years just as a scorching summer boosts demand for the fuel. The North African nation’s output in May was near the weakest since February 2018, according to figures from the Joint Organisations Data Initiative. The decline is …

Turkey is prepared to increase its natural gas exports to the European Union, provided the EU offers long-term commitments to justify the necessary infrastructure investments, Energy and Natural Resources Minister Alparslan Bayraktar said Tuesday. The EU is striving to secure alternative gas sources to replace Russian supplies that transit through …

The Arctic LNG 2 project in Russia, which Western sanctions have hit in recent months, significantly reduced its production of natural gas in May as it hasn’t exported any LNG yet, a source with knowledge of output data told Reuters on Tuesday. Arctic LNG 2, in which Russian gas producer …

Bolivia’s state-owned oil and gas company YPFB has discovered a massive natural gas field, which is the biggest such find in nearly two decades and could become the country’s third-largest producing field. The discovery at the Mayaya Centro X1 natural gas field is estimated to contain 1.7 trillion cubic foot …

Japanese companies foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the fuel wanes in coming years, are scrambling to invest in regional markets to provide potential outlets to sell the gas. As more nuclear plants restart and renewable energy gains momentum, Japan’s LNG …

The International Energy Agency is looking to set up mechanisms to stabilize natural gas prices and facilitate the sale of excess supplies to countries in need as the protracted war in Ukraine continues to squeeze the global market. The LNG market is smaller than that for crude oil, with much …