Gas

Russian natural gas pipeline exports to Europe declined by 2% in August compared to both August last year and July 2024, according to estimates by Reuters published on Monday. Last month, gas giant Gazprom’s average daily pipeline shipments to Europe fell to 89.6 million cubic meters, down by 2% month-on-month …

On Monday, Turkey signed a ten-year agreement with Shell under which the supermajor will supply Turkish state energy firm BOTAS with LNG for ten years starting in 2027, in a boost to Turkey’s plans to become a regional gas hub for Europe and the Mediterranean. The agreement envisages Shell supplying …

Russia appears to be preparing for an increase in exports from its US-sanctioned Arctic LNG 2 project, prompting warnings of an uptick in the use of high-risk “shadow” tankers. Article LNG 2, a US$20bn facility located in the Gydan Peninsula in northern Russia and developed by Russian energy company Novatek, …

The U.S. State Department is intensifying efforts to derail Russia’s Arctic LNG 2 exports by targeting companies involved in the development of the project and vessels found to have loaded LNG from the facility. Located in the Gydan Peninsula in the Arctic, the Arctic LNG 2 project was considered key …

The spot market price of liquefied natural gas in Asia is on the decline amid signs that seasonal demand for the fuel is peaking. Last week saw the first weekly decline in Asian spot LNG prices in a month, Reuters’ Clyde Russell reported, noting however that prices are still over …

The U.S. has imposed sanctions on seven liquefied natural gas carriers linked to Russia, including vessels believed to have loaded at its newest export facility in the Arctic region. LNG vessels included Pioneer and Asya Energy, which loaded the first two shipments from the Arctic LNG 2 project previously sanctioned …

Russia’s Novatek has once again hit a snag with its Arctic LNG 2 project, postponing the start of its third line from 2026 to 2028, according to RBC Media. This delay is a direct consequence of the Western sanctions imposed due to Russia’s ongoing conflict with Ukraine. These sanctions have …

Europe is facing a tighter gas market as Norwegian field operators enter scheduled maintenance season. Any unplanned extension of the maintenance period would cause an imbalance on gas markets on the continent and leas to price rises, Bloomberg reported. “Europe is already struggling,” Florence Schmit, a European energy strategist at …

The United States became the world’s largest exporter of liquefied natural gas a year ago amid a flood of cheap natural gas from the shale wells of Texas and New Mexico that prompted a series of LNG projects along the Gulf Coast. Lately, however, the industry has started to lose …

Sara Wagenknecht, founder of Germany’s ultra-left party BSW, has announced plans to lift the embargo on Russian oil if her party participates in the Brandenburg state government. Wagenknecht argues that resuming the supply of Russian oil to the Schwedt refinery would be more efficient and economical than the current situation, …