Gas

Russia’s pipeline gas exports to Europe slumped to a new monthly record-low in January, falling by nearly 30% from December due to lower prices on the spot market, according to Reuters calculations. Russia’s gas giant Gazprom has seen exports to Europe decline since the Russian invasion of Ukraine last year …

European natural gas rose as forecasts showed the weather turning cooler than previously estimated next week. Futures for delivery in March rose as much as 11%. Some weather models are showing temperatures dropping again after a warm spell, potentially boosting demand for gas and forcing more withdrawals from fuller-than-normal storage …

Europe’s natural gas market will tighten again in 2023 as stockpiles will have to be replenished over the summer without the usual Russian supply, according to TotalEnergies SE CEO Patrick Pouyanne. “Europe will get less Russian gas than in 2022 and will have to again massively re-import LNG,” Pouyanne told …

European natural gas dropped with fuller-than-normal stockpiles countering higher demand, while an ongoing icy spell was forecast to end next week. Benchmark futures fell as much as 11%, extending Monday’s decline. The frigid weather has raised gas usage for heating, but high storage levels and strong deliveries of liquefied natural …

The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and energy market regulators said on Monday (23 January). EU countries agreed in December to a gas price cap that, from 15 February, will …

Uzbekistan has resumed gas imports from Turkmenistan, Trend reports via Uzbek Uztransgaz Company. According to the source, on January 21, 2023, Turkmenistan’s Türkmengaz state-owned company resumed gas supplies to Uzbekistan. Due to an accident that occurred at the Galkanish gas field of Turkmenistan since January 12, 2023 gas supply to …

European natural gas fluctuated with Norwegian supplies expected to drop to the lowest in more than two months in the middle of a cold snap that’s boosting demand. Available capacity at several Norwegian facilities has been reduced by works and orders for shipments have fallen. While flows from the country …

The Islamic Emirate of Afghanistan (IEA) said on Saturday it is ready to form a special unit to safeguard the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. In a statement, the office of deputy prime minister for economic affairs, noted that TAPI as a significant regional economic project was initiated during the …

A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Europe’s top economy is rushing to diversify away from former top supplier Russia. The Hoegh Gannet vessel arrived at the Brunsbuettel …

Japan officially regained the spot as the world’s biggest LNG importer, pushing China to second place. According to the provisional data published by Japan’s finance ministry on January 19, the country’s LNG imports in 2022 were 71.99mn metric tons, down 3.1% year/year. China imported 63.44mn mt of LNG in 2022. …