Gas

European Gas Jumps with some Weather Forecasts Turning Cooler

European natural gas rose as forecasts showed the weather turning cooler than previously estimated next week. Futures for delivery in March rose as much as 11%. Some weather models are showing temperatures dropping again after a warm spell, potentially boosting demand for gas and forcing more withdrawals from fuller-than-normal storage …

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Europe Gas Drops as Mild Weather Forecast Eases Supply Concerns

European natural gas dropped with fuller-than-normal stockpiles countering higher demand, while an ongoing icy spell was forecast to end next week. Benchmark futures fell as much as 11%, extending Monday’s decline. The frigid weather has raised gas usage for heating, but high storage levels and strong deliveries of liquefied natural …

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Gas Price Cap Risks Curbing Market Liquidity, EU Regulators Warn

The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and energy market regulators said on Monday (23 January). EU countries agreed in December to a gas price cap that, from 15 February, will …

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Uzbekistan Resumes Gas Imports from Turkmenistan

Uzbekistan has resumed gas imports from Turkmenistan, Trend reports via Uzbek Uztransgaz Company. According to the source, on January 21, 2023, Turkmenistan’s Türkmengaz state-owned company resumed gas supplies to Uzbekistan. Due to an accident that occurred at the Galkanish gas field of Turkmenistan since January 12, 2023 gas supply to …

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IEA Considers Forming Special Unit for Security of TAPI Project

The Islamic Emirate of Afghanistan (IEA) said on Saturday it is ready to form a special unit to safeguard the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. In a statement, the office of deputy prime minister for economic affairs, noted that TAPI as a significant regional economic project was initiated during the …

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Third Floating LNG Terminal Arrives in Germany

A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Europe’s top economy is rushing to diversify away from former top supplier Russia. The Hoegh Gannet vessel arrived at the Brunsbuettel …

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