Gas

Europe Gas Takes a Breather from Rally as Storage Fills up

Natural gas in Europe rose again, extending a rally as a scorching summer boosts demand while supplies from Russia remain limited. Benchmark futures jumped as much as 4.7%, reversing earlier declines. Energy market concerns are deepening as the hot and dry weather boosts gas consumption for cooling. It’s also drying …

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Norway Hits Export Record amid Soaring Gas Prices

Norway’s exports reached a record in July, driven mainly by natural gas prices that have soared since Russia’s invasion of Ukraine. The Scandinavian country’s statistics agency on Monday said Norwegian exports reached 229 billion kroner (US$24 billion) last month, 0.4 per cent higher than the previous record set in March …

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Russian Gas Flows to Europe have Remained Steady

According to operator data, gas flows from Russia to Europe through some major pipelines remained steady, although low, on Tuesday. Physical flows through the Nord Stream 1 pipeline from Russia to Germany were 14,604,119 kilowatt hours per hour (kWh/h) from 7:00 to 8:00 CET, consistent with levels reported on Monday …

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Russia Starts Delivering Extra Gas to Hungary

Hungary said Saturday that Russia has started delivering additional gas to the EU member following a July visit to Moscow by its foreign minister. Hungary’s Foreign Ministry said trade negotiations with Moscow “led to an agreement”, resulting in Russia’s Gazprom starting to deliver “above the already contracted quantities” on Friday. …

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Iraq seeking to Increase Import of Gas from Iran

Spokesman for Iraq’s Ministry of Electricity said that the country was negotiating for more electricity to be imported from Iran. Ahmed al-Ebadi said in an interview with the Iraqi news outlet Middle East News on Saturday that Baghdad was negotiating with Iran to import more electricity. Al-Ebadi said that the …

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South Korea Accelerates LNG Purchases to Avoid Winter Shortage

South Korea is looking to buy more liquefied natural gas to replenish stockpiles before winter. The world’s third-biggest importer of the chilled fuel is seeking additional cargoes to meet forecasts for increased domestic demand and is targeting to lift inventories to about 90% full by November, from about 34% currently, …

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