Gas

Japan officially regained the spot as the world’s biggest LNG importer, pushing China to second place. According to the provisional data published by Japan’s finance ministry on January 19, the country’s LNG imports in 2022 were 71.99mn metric tons, down 3.1% year/year. China imported 63.44mn mt of LNG in 2022. …

Qatar has been a principal beneficiary of Russia’s invasion of Ukraine early last year, securing its top liquefied natural gas (LNG) exporter position and vigorously pursuing an expansion program in its flagship North Field. As a corollary of this ambitious plan, Qatar announced last week that it is to move …

Turkmenistan has suspended gas supplies to Uzbekistan through the Daryalyk station since January 12, Gazeta.uz reported. This supplies were suspended for technical reasons due to abnormal frosts in the region. Low temperatures led to the formation of hydrate in the infield communications of the Galkanysh gas condensate field, the newspaper …

The European Commission is aiming for EU countries to start buying gas jointly “well before summer”, in a bid to help countries refill their storage and avoid a supply crunch next winter, European Commission Vice-President Maros Sefcovic has told Reuters. The EC hopes that the scheme will help Europe refill …

Qatar is one of the world’s top producers of liquefied natural gas, and UAE is an OPEC oil producer that is sharpening its focus on the gas market as Europe seeks to replace Russian energy imports after its incursion into Ukraine. The world will need natural gas for a long …

Global imports of liquefied natural gas (LNG) hit a record high of 409 million tons last year, as Europe scrambled to replace Russian pipeline gas supply and outbid Asia to draw the majority of cargoes. The global LNG imports of 409 million tons in 2022 were up from world imports …

U.S. natural gas demand could be on track to hit record lows in January if unseasonably warm weather sticks around, according to Rystad Energy Vice President Emily McClain. “Despite consistently robust LNG demand, totaling around seven million tons, particularly from European buyers, prices are falling and expected to continue bearish …

Egypt exported some 8 million tons of liquefied natural gas last year, worth $8 to $8.5 billion, the country’s mineral resources ministry said this week, noting the price rally in liquefied natural gas that helped drive revenues higher. The North African country has solid ambitions in natural gas development, planning …

Despite the recent plunge in the European benchmark gas prices to below the North Asian benchmark, Europe continues to attract most of the U.S. exports of LNG as demand in Asia is still weak. Last week, around 68% of the LNG shipments out of the United States were headed to …

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 …