Gas

European consumers will benefit from lower gas prices if the underwater pipeline from Russia to Germany, the Nord Stream 2, is completed, energy consultancy Wood Mackenzie said as the US is up in arms trying to stop the project. Analysts expect the price for the blue fuel in Europe to …

Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas giant Gazprom for at least two weeks. According to Turkish state-owned Botas, cited by Interfax, the Turkish Stream pipeline will …

Israel’s offshore Leviathan gas field experienced declining gas production volumes and prices in Q2 2020, following a drop in regional demand as a result of the Covid-19 pandemic, Kallanish Energy reports. A H1 2020 update published by project partner Derek Drilling recorded total net gas production of 0.74 billion cubic …

The long-term outlook for Qatar’s second gas boom does not fundamentally change whatever the eventual economic impact of Covid-19 be, on both the energy market and the country’s non-hydrocarbons economy, a new report has shown. According to PwC, the current crisis may even work to Qatar’s advantage as potential competitors, …

Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy. Since Russia began LNG exports in 2009 with the Sakhalin-2 project, …

The United States on Wednesday hardened its efforts to prevent the completion of new German-Russian and Turkish-Russian gas pipelines by ending sanctions exemptions for companies involved in the projects and warning they will be subject to US penalties unless they halt their work. US Secretary of State Mike Pompeo announced …

Qatar’s gas supplies to the UK have reached their highest rate with 42.7 million cubic metres being provided per day over the last three weeks, the Gulf states’ Al-Sharq newspaper reported yesterday. The paper reported that six of the largest tankers had arrived in the station of South Hook Gas …

US natural gas futures fell over 2% on Thursday, following a 3% decline in crude futures related to worries about ongoing coronavirus demand destruction despite a report showing a smaller-than-usual weekly gas storage build that was in line with estimates. That price drop also came as gas output slowly rises …

Managing Director of National Iranian Oil Company (NIOC) said on Saturday that the operator for Farzad-B gas field has been determined and the deal for the development of the field is going to be signed in the near future, Mehr News Agency reported. Masoud Karbasian made the announcement on the …

US natural gas consumption is forecast to fall 3 percent this year from fewer drillings due to the coronavirus pandemic and demand could decline as much as 5 percent in 2021, the Energy Information Administration said in its July outlook. “EIA expects US natural gas consumption will decline by 3% …