Gas

The gap between liquefied natural gas prices in Asia and Europe is increasing as tighter restrictions at the drought-stricken Panama Canal threaten to make journeys costlier from mainly US suppliers. The Asian gas price premium to Europe for summer 2024 has more than doubled since Oct. 30, when the Panama …

The spot market for liquefied natural gas (LNG) is calmer than usual for this time of year as inventories in both Europe and Asia are high, and the weather is still mild. Demand in Europe and Asia is rising in November compared to the warmer October, but LNG spot prices …

Russian gas continues to be supplied to a large number of European countries, including the ones which formally refused it, Gazprom CEO Alexei Miller said in an interview with journalist Pavel Zarubin for the Moscow. Kremlin. Putin program on the Rossiya-1 (VGTRK) television channel. “Molecules in the main gas pipeline …

Turkmenistan has asked Pakistan to include its investment in the TAPI gas pipeline project under a law that was passed to protect foreign investment in the Reko Diq project, a senior official at the energy ministry told The News on Friday. The Foreign Investment Promotion and Protection Act (FIPPA), 2022, …

Demand for oil and natural gas will stay resilient for decades, driven by population growth and industrialization in developing economies across Asia, according to Woodside Energy Group Ltd., a key supplier of fossil fuels to the region. “Growth in demand for LNG in particular is expected to continue as buyers …

The European oil and gas majors, which are also the world’s top LNG traders, reported a mixed bag of third-quarter results, with some beating or meeting estimates and others missing expectations amid diverging gas trading opportunities in Europe and Asia. Shell and TotalEnergies, the world’s largest and second-largest LNG traders, …

Qatar is set to provide a substantial 40% of all new LNG supplies by the end of the decade, the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi said. The statement was made during the official’s keynote speech at the Sinopec Forum in Shanghai, where he stressed the …

Italy’s Eni could resume LNG exports from its liquefaction terminal in Egypt next month despite uncertainty over the availability of gas flows between Israel and Egypt. Eni CEO Claudio Descalzi told reporters on the sidelines of the FT Energy Transition Summit in London that he expects Egypt to begin shipping …

European natural gas prices declined for a second day as November kicked off with a windy weather outlook and optimism that the war in the Middle East might not impact global fuel flows. Benchmark futures for December declined 0.5% after settling 9.5% lower the previous day. The continent is heading …

Russia’s gas giant Gazprom is working with China to further raise Russian pipeline deliveries to the Chinese market and is discussing speeding up the start of supply via the Far Eastern route, Xie Jun, vice president at China National Petroleum Corporation (CNPC), said at a gas forum in Russia on …