Gas

Austria Looks to Cut its Dependence on Russian Natural Gas

Austria, one of the few EU countries still receiving Russian natural gas by pipeline, is looking to reduce its dependence on Moscow, including by seeking to end a long-term deal that Austria-based energy giant OMV has with Gazprom, Austrian Energy Minister Leonore Gewessler said on Monday. “Austria has become massively …

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Russia’s Arctic LNG 2 will not Start Shipments until March

Novatek, Russia’s largest producer of liquefied natural gas (LNG), will start loading first cargo from the Arctic LNG 2 plant no earlier than March, Russia’s Kommersant daily reported on Thursday, citing anonymous sources. Russian Deputy Prime Minister Alexander Novak has earlier said the first shipment would happen in February, but, …

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Japan’s Gas Imports Plummet as Nuclear Reactors Restart

Japan’s liquefied natural gas imports for January fell to the lowest level for that month in over a decade, as nuclear reactor restarts, higher renewables output, and energy-savings efforts curb fossil-fuel needs. Deliveries fell to just shy of 6 million tons last month, according to ship-tracking data compiled by Bloomberg. …

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OMV Sees German Gas Prices at EUR 30-35/MWh in 2024

Austrian energy company OMV expects German gas prices to average around EUR 30-35/MWh this year, down from EUR 41/MWh in the previous year, it said on Thursday. The front-month contract on Germany’s THE hub was last seen trading around EUR 30/MWh, roughly half of the value seen one year ago. …

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