Gas

Global natural gas demand rose by 6.1 billion cubic meters (bcm) in September from a year earlier, and inventories jumped to a record high, the Joint Organizations Data Initiative (JODI) said in its monthly oil and gas overview on Monday. Worldwide natural gas production also rose year-over-year by 7.65 bcm …

France is importing record volumes of Russian LNG even as overall LNG purchases are falling, ship-tracking data compiled by Bloomberg showed on Monday, highlighting Europe’s growing imports of Russian LNG. So far this year, France has already imported more LNG from Russia’s Yamal export plant than in any other full …

The Austrian chancellor said on Friday that Russia’s Gazprom will stop gas supply to Austria from Saturday. “What we have been preparing for since the outbreak of war in Ukraine has happened. I was informed this afternoon that Gazprom will stop deliveries to (Austrian gas company) OMV tomorrow morning,” Karl …

Iran’s state-run Pars Oil and Gas Company says daily output from the field reached an all-time high earlier this week amid growing demand for natural gas in the country’s electricity sector. The company said on Saturday that combined production from 28 phases of South Pars had hit a record of …

China has been the focus of oil traders’ attention for years thanks to its seemingly insatiable demand for the fuel. Now, the country is about to cast itself as the star of the natural gas show as well. Last year, China’s natural gas consumption hit 394.5 billion cu m—a 7% …

The Norwegian government has agreed to buy from private companies the majority of the natural gas export network of Western Europe’s biggest oil and gas producer, the Energy Ministry said on Tuesday. The government laid out plans in 2023 to take full ownership of the gas export network, which it …

European Commission President Ursula von der Leyen said Friday that the European Union may consider replacing Russian liquefied natural gas (LNG) imports with supplies from the United States. “We still get a lot of LNG from Russia and why not replace it by American LNG, which is cheaper for us …

A major natural-gas development in western Libya, valued at up to $5 billion, is facing mounting opposition from government officials and local residents. This highlights the challenges of developing energy resources in the politically fractured nation. The Hamada NC-7 concession, located in Libya’s Ghadames basin, contains an estimated 2.7 trillion …

A year ago, European politicians declared the gas crisis from the near-complete halt of Russian supplies was over. The EU had turned to alternative natural gas suppliers, assuring there would be enough to prevent shortages and steep prices. These assurances now appear premature. Last week, European benchmark gas prices hit …

Turkey wants to discuss with Russia the special price of natural gas being imported from Russia, announced the Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar. “In 2023, we signed a [natural] gas contract with Russia at very special prices. We have such a program for 2024 and …