Concerned about energy security, Europe and China are in an intensifying competition to sign long-term supply deals with U.S. LNG developers and exporters. The race for LNG supply indexed to Henry Hub prices and with flexibility clauses to resell the cargoes if not needed gives buyers certainty about long-term supply …
Read More »Iran’s Natural Gas Exports Surge, Iraq Remains a Key Market
Iran’s natural gas exports to Iraq exceeded 9 billion cubic meters in 2022, according to the International Energy Institute. In a report released today, the official Iranian news agency IRNA stated that the country’s natural gas exports reached approximately 19 billion cubic meters last year, representing a growth rate of …
Read More »China is Buying Natural Gas Like there’s still an Energy Crisis
China is on a natural gas shopping spree, and officials are happy for importers to keep striking deals even after a global energy crisis has eased. The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy …
Read More »Europe Spends nearly Half Billion Euros for Azerbaijani Gas Imports
Europe’s expenditure on Azerbaijani gas imports in April 2023 have reached nearly 490 million euros, Trend learned from Eurostat, the statistical office of the European Union. In April 2023, Azerbaijan supplied 1.047 billion cubic meters of natural gas to Europe, resulting in export revenues of 488,241,329 euros. Meanwhile, Azerbaijan’s energy …
Read More »Europe’s Natural Gas Prices Rise on Abnormally Warm Summer
Europe’s benchmark natural gas prices continued to rise early on Tuesday as weather forecasts suggest that most of northwest Europe, the biggest consumers of gas, will see a hotter-than-usual start to the summer, at least until the middle of July. The front-month futures at the TTF hub, the benchmark for …
Read More »Key LNG Buyer Faces Possible Glut amid Warmer Winter
An unusually warm winter in the southern hemisphere is threatening to saddle Argentina with a glut of liquefied natural gas. Argentina is spending about $1.8 billion to import 44 LNG cargoes this year, with 20 already delivered and the remainder scheduled to arrive in the coming months. The mild weather …
Read More »Russia’s Gazprom Looks to Africa for Gas Production
Gazprom is ready to help African countries to produce natural gas, representatives of the Russian gas giant said at a meeting with officials from African countries in Johannesburg this week. “I believe that Gazprom’s experience implementing liquefied natural gas and gas pipeline construction projects could be of interest to South …
Read More »Russian Natural Gas Flows through Ukraine may Stop in 2024
Pipeline gas supplies from Russia via Ukraine to Europe may come to an end next year when the transit contract between Moscow and Kyiv expires, the Ukrainian energy minister has told the FT. According to German Galushchenko, the chances of the two sides negotiating a new contract are slim to …
Read More »Russia Gas Flows through Ukraine could Stop next Year
Russia could shut off one of the last arteries carrying Russian gas to Europe by the end of next year when Ukraine’s supply contract with Gazprom expires, the Financial Times said on Thursday, citing an interview with Ukraine energy minister German Galushchenko. The chances of Kyiv and Moscow agreeing to …
Read More »Pakistan Invites China, Europe to Set up LNG Plants
Pakistan is eyeing Central Asia as its energy trade partner, especially Turkmenistan, and is seeking gas supplies for Gwadar in an effort to make it an international energy hub by encouraging China and European countries to establish liquefied natural gas (LNG) plants and export the fuel. “We want to be …
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