Gas

Amid tepid demand and high spot prices, China is expected to see an unprecedented slump in its liquefied natural gas imports this year, ceding the world’s top LNG importer status back to Japan. Chinese buyers are expected to largely stay away from spot purchases on the LNG market as inventories …

The cost of clean hydrogen will fall to that of liquefied natural gas in a decade as global efforts to replace fossil fuels accelerate, according to Europe’s biggest operator of gas infrastructure. “Green hydrogen today is not economically competitive against alternative energy sources, which will not be the case in …

The European Union is unveiling a new emergency package to tackle the energy crunch, betting on steps to bolster solidarity among member states. But the bloc will refrain from immediate gas-price caps amid political divisions and concerns over security of supply. The European Commission plans Tuesday to propose measures to …

Russian representative in Vienna-based International Organizations says the US supplies liquefied natural gas to Europe at a price 4 times higher than on the US home market. Mikhail Ulyanov in a tweet on late Sunday pointed to the US action in selling its gas to European countries at a high …

Dutch Fuel Supplier “Titan” intends to make the world’s largest bio LNG liquefaction plant near its berth in the Port of Amsterdam. When completed, the facility will have the capacity to produce 200,000 tons of bio-LNG annually. According to Titan’s plans, the facility will begin production in 2025. Contracts have …

The European Union’s planned package to curb surging natural-gas prices must avert an increase in the use of the fuel amid an unprecedented supply crunch, EU energy chief Kadri Simson said. The European Commission is due to propose a set of measures Tuesday to alleviate the impact of Russia’s cuts …

Japan’s cabinet approved Friday bills to revise laws to ensure stable supply and demand of liquefied natural gas in the event of an energy contingency, amid procurement concerns driven by the Russian offensive in Ukraine. Partial revisions to the gas business law and the law for Japan Oil, Gas and …

Russian President Vladimir Putin on Thursday proposed to his Turkish counterpart Recep Tayyip Erdogan building a natural gas hub in Türkiye. Speaking on the sidelines of a regional gathering in Kazakhstan, Putin said building a hub in Türkiye would allow, among other things, regulating prices, selling gas at market prices, …

The European Union is moving closer to proposing a temporary overhaul of the electricity market by limiting prices of gas used for power generation even as pressure mounts for the bloc to impose a broader cap. EU energy ministers gathering in Prague on Wednesday will consider that model, which has …

Director of Dispatching of the National Iranian Gas Company (NIGC) Mohammad Reza Joulai announced that Iran’s gas exports to Iraq increased in the current year. Joulai met and held talks with senior officials of the Iraqi Ministry of Electricity in Isfahan province, Iran on Tuesday. Joulai highlighted in this meeting …