Gas

The world is investing hundreds of billions of U.S. dollars every year in renewable energy and other clean energy solutions, but it needs more than a trillion U.S. dollars in investments annually if it still stands a chance of reaching net-zero emissions by 2050. These are some of the key …

Creating a gas hub would be beneficial for all the parties: Russia, Turkey, Europe and Azerbaijan, Head of the Board of Directors of Gazprom Viktor Zubkov told the press behind the scenes of Eurasian Economic Forum in Baku, RIA Novosti reported. “Everybody benefits from it – Russia, Turkey, Azerbaijan, Europe, …

Europe’s near-term natural gas supply glut means more fuel for Asia this winter. Liquefied natural gas suppliers are already looking to redirect shipments to Asia for delivery from November onward due to more attractive prices, according to traders with knowledge of the matter. Asia LNG spot prices jumped above the …

Russia in July took over second place in terms of natural gas supplies to China, regarding total gas supplies in pipeline and liquefied form, surpassing Australia, and consolidated its position in August, China’s customs service said. Turkmenistan has been the largest supplier of gas to China since the beginning of …

European countries have boasted that their gas storage facilities have been filled at higher than usual levels before the start of winter. Yet more LNG cargos are arriving in Europe at such rates that they are jamming ports. And freight rates are through the roof, adding to already record LNG …

A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to build, Spain’s energy minister has said. France, Spain and Portugal announced on Oct. 20 they had agreed to build the maritime pipeline instead of a long discussed overland pipeline across …

Spain has agreed with Portugal and France to substitute plans for a gas pipeline known as Midcat with a new “green corridor” running between Barcelona and Marseille that would channel natural gas and hydrogen, Spain’s PM Pedro Sanchez said on Thursday. Unlike the Midcat project in the Pyrenees, the new …

Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving toward sustainable alternatives like energy efficiency, according to a new report. The country faces about 200 billion euros ($196 billion) of additional costs for gas imports by the end of the decade, …

Turkish President Tayyip Erdoğan announced on Wednesday that he had agreed with Russian dictator Vladimir Putin to form a natural gas hub in Turkey. Speaking to members of his AK Party in parliament, Erdoğan said Putin had said Europe can obtain its gas supply from the hub in Turkey. Putin …

Amid tepid demand and high spot prices, China is expected to see an unprecedented slump in its liquefied natural gas imports this year, ceding the world’s top LNG importer status back to Japan. Chinese buyers are expected to largely stay away from spot purchases on the LNG market as inventories …