The National Iranian Gas Company (NIGC) has said that Iran has resumed gas exports to neighboring Turkey after repairs on the pipelines were done. According to the official news service of the Iranian Ministry of Petroleum (SHANA), Mohammad Reza Jolaei, an official with the National Iranian Gas Company (NIGC), said …
Read More »European Gas Prices Drop to 3-Month Low amid Strong LNG Imports
European natural gas prices slumped to the lowest level in more than three months as imports of liquefied natural gas and warmer-than-expected weather provide some relief to the market. Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1. LNG …
Read More »Germany may be Unable to Avoid a Gas “Emergency”
Germany is entering a dark winter with too much natural gas consumption and may be unable to avoid an energy “emergency” in the months ahead, the head of the country’s network regulator warned Thursday, according to WaPo. “Gas consumption increased by too much last week,” said Klaus Mueller, head of …
Read More »Japan Faces New LNG Supply Challenge as Malaysia Curbs Shipments
Malaysia will curb liquefied natural gas shipments to Japan this winter after a pipeline leak disrupted exports, another hit to already strained global supplies of the power-station fuel. Petroliam Nasional Bhd. has made a request to reduce contracted deliveries to several Japanese customers through the year-end, according to traders with …
Read More »Iran Halts Gas Deliveries to Turkey due to Maintenance
Natural gas deliveries from Iran to Turkey will temporarily be discontinued from October 2-9, 2022, due to scheduled maintenance, Turkey’s Petroleum Pipeline Corporation (BOTAŞ) said on Monday. According to the Turkish Daily Sabah newspaper, “Due to the planned inspection and maintenance works to be carried out on the Iran-Türkiye Natural …
Read More »IEA: Global Gas Markets to Remain Tight through 2023
The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite gas demand falling in Europe in response to high prices and energy saving measures. According to the agency, global natural gas markets have been tightening since 2021 …
Read More »Denmark: Nord Stream 2 Pipeline no Longer Leaking Natural Gas
The Nord Stream 2 pipeline in the Baltic Sea appears to have stopped leaking natural gas, Denmark’s energy agency said on Saturday. The agency said on Twitter that the company operating Nord Stream 2 reported balanced pressure in the pipeline stretching from Russia to Germany. This indicates that the leak …
Read More »U.S. LNG can only Solve a Part of Europe’s Gas Problem
Liquefied natural gas from the United States has turned into a lifebelt for struggling Europe as Russia cut supplies via one of the biggest gas conduits into the continent. U.S. LNG will continue to play a crucial role in Europe’s gas supply. But it won’t be enough to avoid a …
Read More »Colder Winter Forecast in South Korea Raises Concerns over Gas Supply for Power
The forecast for a colder-than-usual winter in South Korea is set to intensify the concerns over gas supply for power generation, industry sources told S&P Global Commodity Insights over the week of Sept. 29. The country has predicted a colder winter this year amid La Nina that has stretched into …
Read More »Baltic Pipe Gas Pipeline Officially Opens to Reduce Dependency on Russia
The Baltic Pipe natural gas pipeline was officially opened Tuesday at a ceremony in Szczecin, Poland. Polish, Norwegian and Danish leaders attended the ceremony for the launch of the gas transmission system, which they hope will end Poland and Europe’s dependency on Russian gas. Norwegian Minister of Petroleum and Energy …
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