Qatar-Turkey Natural Gas Pipeline has huge importance for regional stability and energy challenges, Anadolu Agency reports. Global energy expert Imraan Minty said the pipeline could theoretically align with Europe’s energy diversification goals. He however cautioned that it is crucial to avoid making the project overly reliant on European demand. Europe …
Read More »Ukraine Halts all Russian Gas Exports to Europe as Transit Deal Expires
Russian natural gas exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows. The shutdown of Russia’s oldest gas route to …
Read More »Slovak PM: Halting Russian Gas Transit to have Drastic Impact on EU
The halt of Russian gas transit to Europe via Ukraine will have a “drastic” effect on the European Union, Slovak Prime Minister Robert Fico warned on Wednesday, despite the European Commission saying that the bloc had prepared for the cut-off. “Halting gas transit via Ukraine will have a drastic impact …
Read More »Europe Faces Coldest Winter Spell as Gas Supply Concerns Mount
Northwest Europe is bracing itself for what is expected to be later this week the coldest snap so far this winter, hours ahead of the expiry of the deal for Russian gas transit via Ukraine to central Europe. Temperatures in the UK, France, and Germany are expected to plunge at …
Read More »Russia’s First Ice-Class LNG Carrier Begins Sea Trials
Russia’s first ice-class LNG carrier has begun sea trials, advancing its efforts to expand in the global LNG market despite US sanctions, reported Reuters. The Alexey Kosygin tanker, named after a Soviet statesman, was built at the Zvezda shipyard and will join Russia’s Arctic LNG 2 fleet, which has been …
Read More »Pakistan in Talks with Iran to Import Affordable Gas
Pakistan’s Federal Minister for Petroleum Musadik Malik has revealed ongoing negotiations with Iran to import affordable gas. Speaking to the media in Lahore, Musadik Malik said there are ongoing negotiations with Iran and a cautious approach to avoid triggering international sanctions, the Express Tribune reported on Sunday. “If affordable gas …
Read More »Sanctioned Russian LNG Cargo Stranded at Sea
The shadow fleet of liquefied natural gas carriers transporting blacklisted Russian LNG has encountered a major setback, with at least one ship’s cargo traveling around the world, finding no buyers as the cargo was deemed too risky. Bloomberg reports that an LNG carrier called “Pioneer,” carrying a sanctioned shipment of …
Read More »Ukraine Gets Its First U.S. LNG Cargo via Greek Terminal
Ukraine has taken delivery of its first U.S. LNG cargo at a Greek terminal as Ukraine and Europe look to bolster their energy security by reducing their dependence on Russian gas, Ukraine’s largest private energy company, DTEK, said on Friday. The delivery of approximately 100 million cubic meters of gas, …
Read More »European Gas Prices Soar as Putin Says a New Ukraine Transit Deal Is Unlikely
Europe’s benchmark natural gas prices soared on Friday by the most in a week after Russian President Vladimir Putin said on Thursday that the chances of a new deal for Russian gas flows to Europe via Ukraine are low. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, …
Read More »MOL and QatarEnergy Sign Time Charter for Six LNG Carrier Newbuilds
Mitsui O.S.K. Lines, Ltd has entered into a long-term time charter contract of six QC-MAX, 271 000 m3 LNG carriers with QatarEnergy. The vessels will be built at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd in China, for delivery between 2028 – 2031, and be jointly owned with COSCO SHIPPING LNG Investment …
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