Gas

The EU market remains open for Russian liquefied natural gas (LNG), and Russia is ready to resume supplies via the Yamal-Europe pipeline, Russian Deputy Prime Minister Alexander Novak said in an interview with TASS news agency. “Even now this market is not closed. For example, we were able to significantly …

Gazprom is actively working with Turkiye and other market participants on the gas hub in the republic, Russian Deputy Prime Minister Alexander Novak said in an interview aired by the Rossiya-24 TV news channel on Friday, adding that the decisions on the hub would be taken in 2023, TASS reports. …

Bulgaria’s acting energy minister arrived in Istanbul for talks that he hopes will lead to an agreement on long-term access to liquefied natural gas (LNG) terminals in Turkey and gas transit to its border. Executives of Bulgaria’s state gas company Bulgargaz and gas grid operator Bulgartransgaz are also taking part …

European natural gas prices fell for a fifth day as temperatures are forecast to stay mild into the new year while supplies remain plentiful. Benchmark futures declined as much as 7%, after closing at the lowest level since mid-June on Wednesday. Prices have been sliding over the last two weeks …

Japanese heavyweight Mitsui O.S.K. Lines (MOL), its group company Ferry Sunflower Limited, and Kyushu Electric Power Co. (Kyuden) have revealed that Sunflower Kurenai, Japan’s first LNG-fuelled ferry, received its first LNG fuel supply. As informed, the vessel was bunkered by Kyuden at the Port of Beppu. LNG fuel was supplied …

Europe’s biggest economy, Germany, has seen the share of Russian gas in its gas mix drop to some 20% this year from 55% last year, per data from energy lobby group BDEW cited by Bloomberg on Tuesday. Russia started gradually cutting gas supply via the Nord Stream pipeline to Germany …

The EU’s Eur180/MWh gas price cap would not impact Asian LNG trade flow in the near term but could tighten supplies to Europe in 2023 as some Asian suppliers might opt to sell to other markets, market sources told S&P Global Commodity Insights Dec. 20. The EU’s energy ministers agreed …

Europe’s move to cap natural gas prices threatens to curb supply to the region and intensify its energy crisis. European nations this week reached a deal to put a ceiling on gas prices, ending months of political wrangling over whether to intervene in its energy sector. But while the mechanism …

The CEO of Pars Oil and Gas Company (POGC) said the daily gas production from the South Pars joint gas field has reached 700 million cubic meters. According to Pars Oil and Gas Company, Mohammad Hossein Motejali said the company raised its gas production from the massive gas field due …

German Chancellor Olaf Scholz and other ministers inaugurated on Saturday morning (17 December) the country’s first liquid natural gas (LNG) terminal in Wilhelmshaven in northern Germany, a project expected to supply around 6% of the country’s energy demand. At the inauguration, Scholz stated that the rapid completion of the plant …