Gas

A group of EU member states that have the largest natural gas storage capacity have held informal discussions about a potential easing of the binding filling targets after 2025, officials have told Bloomberg. In the wake of the 2022 Russian invasion of Ukraine and the halt to Russian pipeline gas …

The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States, EU diplomats said. “First you have to have a deal because otherwise you will be left without …

Donald Trump wants EU countries to buy more US-shipped gas. There are reasons for Europeans to consider taking the bait, but each comes at a price. At first glance, US supply and European demand for liquified natural gas seem like a match made in heaven. “We still get a lot …

JERA, the largest LNG buyer in Japan, plans to boost purchases from the United States to diversify its supply portfolio, a top company executive told Reuters on Friday. Japan, the world’s second-largest LNG importer after China, is looking to increase its energy security with diverse sources of supply and could …

Italy, the EU’s third-largest economy and the country holding the second-biggest natural gas storage space in the bloc, plans to begin refilling its sites as early as February, to avoid price spikes later in the year, Italian Energy Security Minister, Gilberto Pichetto Fratin, said on Thursday. “Due to ongoing geopolitical …

Additional purchases of U.S. LNG from the European Union would help ease the tightness in global natural gas markets and reduce consumer and industry prices in Germany, Michael Lewis, chief executive at German energy giant Uniper, told Reuters on Wednesday. Earlier this week, U.S. President Donald Trump urged the EU, …

Consumption of natural gas in the EU’s third-largest economy, Italy, dropped by 2.5% in 2024 to its lowest level in more than 15 years, power market manager GME said on Friday. Demand fell for a third consecutive year in 2024, due to higher prices compared to the pre-energy crisis levels, …

The Romanian business of Austria’s energy giant OMV has reached an agreement with German firm Uniper to supply natural gas to Germany from a Black Sea project from 2027, sources with knowledge of the deal have told Reuters. Austria and Europe as a whole are looking to secure alternative gas …

The Troll gas field in the North Sea has achieved a historic production milestone by delivering 42.5 billion standard cubic metres (bscm) of natural gas in 2024. This figure represents the highest annual production ever for the field and marks an increase of nearly 10% from the previous record of …

The US is bracing for a surge in natural gas demand as freezing weather and snowstorms threaten to cause widespread power outages, reported Reuters, citing energy analysts and reliability coordinators. The current conditions could lead to the highest levels of natural gas demand this winter. The increased demand coincides with …