Gas

Europe Plan for Floating Gas Terminals Raises Climate Fears

As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. Yet the plan, with the first floating …

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EU Hits Gas Storage Target ahead of Deadline

The European Union’s gas storage facilities have been filled to 80 percent, the bloc’s Commissioner for Energy Kadri Simson said in a tweet. The EU had set itself a deadline in October to have its gas storage caverns 80 percent full ahead of the start of the heating season amid …

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European Gas Markets Take Sigh of Relief

European gas markets are taking a sigh of relief after aggressive purchasing for LNG cargos and piped gas see storages filled faster than EU targets, Rystad Energy Senior Analyst Wei Xiong said in a market note sent to Rigzone on Wednesday. Europe is in full bunkering mode and taking no …

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Japan’s MOL Launches LNG-Fuelled Ferry

Shipping major Mitsui OSK Lines (MOL) on August 30 launched the second of Japan’s first two LNG-fuelled ferries. The ceremony was held at the Enoura plant of Mitsubishi Heavy Industries. The vessel, named Sunflower Murasaki, was ordered from Mitsubishi Shipbuilding Co. and will be delivered in March 2023. It is …

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Germany’s Gas Reserves Filling up Quicker than Expected

With winter just around the corner, Germany has been desperately trying to fill up its gas reserves. On Sunday, the German Vice-Chancellor confirmed that the reserves were filling up quickly, easing fears of households not having access to heating in the coming months. German gas reserves target set to be …

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Iran Gas Revenues Increase 64% in a Year

The managing director of National Iranian Gas Company (NIGC) has said the country’s gas revenues have increased by 64 percent since the current government took office last August, IRNA reported. “An 11 percent increase in gas exports to Turkey and the continuation of negotiations to increase exports, the collection of …

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