Europe is still awash with liquefied natural gas despite a crash in benchmark prices as demand in Asia remains lackluster. A few weeks ago, it became more profitable to deliver US LNG to Asia than to Europe, but that premium has been insufficient to lure cargoes away from a region …
Read More »EU Gas Supplies to Ukraine Fall 28.3% in 2022
Natural gas deliveries to Ukraine from European Union countries fell 28.3% to 1.836 billion cubic meters in 2022 from 2.562 bcm in 2021, Ukrainian media reported, citing data published by Ukraine’s Gas Transmission System Operator (GTSOU). This included 735.9 mcm delivered to underground storage facilities at the “customs warehouse” in …
Read More »Energy Crisis Makes Europe the World’s Premium LNG Market
Europe imported nearly one-quarter of all LNG traded last year, becoming the premium market for liquefied natural gas as it seeks to replace Russian pipeline gas supply. This year, Europe needs to import even larger volumes of LNG—in the absence of much of the Russian gas—to refill gas storage sites …
Read More »Iran’s LPG Exports Increase 86%
The value of Iran’s liquefied petroleum gas (LPG) export rose 86 percent from the beginning of the current Iranian calendar year (March 21, 2022) up to December 31, as compared to the same period of time in the past year, data released by the Islamic Republic of Iran Customs Administration …
Read More »Norway Replaces Russia as Germany’s Top Gas Supplier
Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal Network Agency, Bundesnetzagentur, said on Friday. Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for …
Read More »Turkey on Its Way to Become Energy Hub
The natural gas deal with Bulgaria is a step forward in Turkey’s efforts to become an energy hub, Energy Minister Fatih Dönmez has said. “With this agreement, natural gas could be transmitted not only to Bulgaria but other countries via Bulgaria,” Dönmez added. On Jan. 3, Türkiye and Bulgaria signed …
Read More »Europe Gas Slumps to Lowest since 2021 as Mild Weather Cuts Use
Natural gas prices in Europe fell back to pre-war levels, as a bout of mild weather reduced demand and eased fears of a prolonged supply crunch. Benchmark futures fell as much as 11% as a warm spell curbs heating demand and blustery conditions cut use of gas in power generation. …
Read More »Turkey Boosts Energy Ambitions with Bulgaria Gas Import Deal
Bulgaria on Tuesday signed a long-term deal to access Turkey’s liquefied natural gas (LNG) terminals, a move that could help diversify the region’s gas supply away from Russia and advance Turkey’s aim to be a regional energy hub. The agreement between Bulgaria state-owned gas operator Bulgargaz and Turkish state gas …
Read More »Germany Welcomes First US LNG Shipment
This week Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to a new LNG terminal, operated by Uniper, in Wilhelmshaven, the latest chapter in Europe’s great shift away from Russian energy sources. The LNG ship Maria Energy, owned by Tsakos Energy Navigation, was loaded with 170,000 cu …
Read More »Qatar, US Top Global LNG Exports in 2022
Qatar and the United States have topped global exports of LNG in 2022 in light of the energy crisis amid the ongoing war in Ukraine, Bloomberg revealed on Tuesday based on ship-tracking data. The report found that Doha and Washington exported 81.2 million tonnes of LNG, a figure that represented …
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