Gas

The European oil and gas majors, which are also the world’s top LNG traders, reported a mixed bag of third-quarter results, with some beating or meeting estimates and others missing expectations amid diverging gas trading opportunities in Europe and Asia. Shell and TotalEnergies, the world’s largest and second-largest LNG traders, …

Qatar is set to provide a substantial 40% of all new LNG supplies by the end of the decade, the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi said. The statement was made during the official’s keynote speech at the Sinopec Forum in Shanghai, where he stressed the …

Italy’s Eni could resume LNG exports from its liquefaction terminal in Egypt next month despite uncertainty over the availability of gas flows between Israel and Egypt. Eni CEO Claudio Descalzi told reporters on the sidelines of the FT Energy Transition Summit in London that he expects Egypt to begin shipping …

European natural gas prices declined for a second day as November kicked off with a windy weather outlook and optimism that the war in the Middle East might not impact global fuel flows. Benchmark futures for December declined 0.5% after settling 9.5% lower the previous day. The continent is heading …

Russia’s gas giant Gazprom is working with China to further raise Russian pipeline deliveries to the Chinese market and is discussing speeding up the start of supply via the Far Eastern route, Xie Jun, vice president at China National Petroleum Corporation (CNPC), said at a gas forum in Russia on …

European natural gas prices advanced after a halt in Egyptian imports dashed hopes for a resumption of deliveries to Europe, adding to supply risks just as Israel widened its ground offensive in Gaza. December futures jumped as much as 4.5% on Monday. Prices are around 30% higher than before the …

Turkmenistan expects to export about 5 billion cubic meters of gas to Russia in 2023, as specified in the previously signed contract with Gazprom , the deputy CEO of state gas company Turkmengaz, Murat Archayev said. “The Turkmen side, within the framework of its obligations under the contract, fulfills them …

Turkmenistan’s president is scheduled to travel to Turkey this week for talks expected to focus on natural gas transportation. For decades, thoughts about how to send Turkmen gas westward have centered around the need to build a trans-Caspian pipeline to Azerbaijan. Presumed resistance from Russia has long been the main …

QatarEnergy signed a 27-year deal with Eni SPA to supply up to one million tons per annum (MMtpa) of Qatari liquefied natural gas (LNG) to Italy. The signing in Doha follows separate LNG contracts scored by state-owned QatarEnergy from two other European energy heavyweights in France’s TotalEnergies SE and Britain’s …

China’s state-run CNOOC oil and gas giant has announced the discovery of what Chinese media are referring to as a large, deep-reservoir coalbed methane field with proven geological reserves of over 100 billion cubic meters (bcm) of natural gas. A discovery of this magnitude represents CNOOC’s second major onshore gas …