Gas

An 80,000-cubic meter liquefied natural gas (LNG) carrier was delivered in east China’s Shanghai on Saturday, making it the largest river-sea intermodal LNG carrier in the world, said its builder Hudong Zhonghua Shipbuilding (Group) Co., Ltd., a subsidiary of the China State Shipbuilding Corporation Limited. With a length of 239 …

Russian Ambassador to the United Nations (UN) Vasily Nebenzya urged the UN Security Council to launch an investigation into the attacks on Nord Stream gas pipelines in September last year, saying the UN is capable of establishing mechanisms to investigate such an incident after UN said it had no mandate. …

Europe’s increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell’s LNG Outlook 2023. European countries, including the UK, imported 121 million tonnes of …

(FSRU) is being carried out at BOTAS Dortyol FSRU Terminal in Hatay [Burak Milli – Anadolu Agency] Ertugrul Gazi, the first Turkish-flagged floating storage and gasification unit (FSRU), has been put to work at full capacity to meet the demand for natural gas after the devastating earthquakes that hit the …

An EU regulation on a gas price cap has come into effect. Two months ago, EU energy ministers agreed on a European Council regulation that sets a market correction mechanism to protect households and businesses against excessively high prices. The measure, which is temporary and will apply for one year, …

European natural gas prices are set to move higher through the rest of the year, futures contracts show, a sign that the energy crunch isn’t over yet. Benchmark Dutch futures for December are currently priced above €60 per megawatt-hour, compared with about €54 for March. Both are elevated for their …

The European Union expects Egypt to maintain “relatively high volumes” of liquefied natural gas (LNG) deliveries to Europe, EU Energy Commissioner Kadri Simson said yesterday. Speaking to Reuters on the sidelines of an energy conference in Egypt, Simson said: “Now we have to solve some of the bottleneck issues.” “We …

European natural gas prices fell to the lowest level in almost four weeks as confidence grows for stable power generation through the remainder of winter. Benchmark futures slid as much as 4.5% before paring some of the loss. Sweden downgraded its power-cut risk to “low” from “real” in a sign …

Africa’s gas share in the global market will increase to over 11% of all gas supplies by 2050, according to a report by Gas Exporting Countries Forum (GECF), from 6% in 2021. Production is projected to increase from 260 billion cubic meters in 2021, to 585 billion cubic meters in …

Russia and China signed an intergovernmental agreement on gas supplies on the Far East route. The Russian Ministry of Energy has prepared a draft government decree to ratify the agreement. This intergovernmental agreement provides for the construction of a cross-border section of the gas pipeline. It starts at the Gas …