Gas

The European Commission is aiming for EU countries to start buying gas jointly “well before summer”, in a bid to help countries refill their storage and avoid a supply crunch next winter, European Commission Vice-President Maros Sefcovic has told Reuters. The EC hopes that the scheme will help Europe refill …

Qatar is one of the world’s top producers of liquefied natural gas, and UAE is an OPEC oil producer that is sharpening its focus on the gas market as Europe seeks to replace Russian energy imports after its incursion into Ukraine. The world will need natural gas for a long …

Global imports of liquefied natural gas (LNG) hit a record high of 409 million tons last year, as Europe scrambled to replace Russian pipeline gas supply and outbid Asia to draw the majority of cargoes. The global LNG imports of 409 million tons in 2022 were up from world imports …

U.S. natural gas demand could be on track to hit record lows in January if unseasonably warm weather sticks around, according to Rystad Energy Vice President Emily McClain. “Despite consistently robust LNG demand, totaling around seven million tons, particularly from European buyers, prices are falling and expected to continue bearish …

Egypt exported some 8 million tons of liquefied natural gas last year, worth $8 to $8.5 billion, the country’s mineral resources ministry said this week, noting the price rally in liquefied natural gas that helped drive revenues higher. The North African country has solid ambitions in natural gas development, planning …

Despite the recent plunge in the European benchmark gas prices to below the North Asian benchmark, Europe continues to attract most of the U.S. exports of LNG as demand in Asia is still weak. Last week, around 68% of the LNG shipments out of the United States were headed to …

Europe is still awash with liquefied natural gas despite a crash in benchmark prices as demand in Asia remains lackluster. A few weeks ago, it became more profitable to deliver US LNG to Asia than to Europe, but that premium has been insufficient to lure cargoes away from a region …

Natural gas deliveries to Ukraine from European Union countries fell 28.3% to 1.836 billion cubic meters in 2022 from 2.562 bcm in 2021, Ukrainian media reported, citing data published by Ukraine’s Gas Transmission System Operator (GTSOU). This included 735.9 mcm delivered to underground storage facilities at the “customs warehouse” in …

Europe imported nearly one-quarter of all LNG traded last year, becoming the premium market for liquefied natural gas as it seeks to replace Russian pipeline gas supply. This year, Europe needs to import even larger volumes of LNG—in the absence of much of the Russian gas—to refill gas storage sites …

The value of Iran’s liquefied petroleum gas (LPG) export rose 86 percent from the beginning of the current Iranian calendar year (March 21, 2022) up to December 31, as compared to the same period of time in the past year, data released by the Islamic Republic of Iran Customs Administration …