Algerian state-owned natural gas company Sonatrach will deliver next week 4 billion cubic meters of gas to Italy’s ENI, Algerian press has reported. So far this year Algeria has delivered 13.9 billion cubic meters to Italy, 113 percent more than the planned volume, the daily ‘Le Courier d’Algérie’ reports. A …
Read More »Europe Now Imports more U.S. Oil than Asia
Europe has overtaken Asia as the biggest buyer of U.S. crude oil, importing 213.1 million barrels over the first five months of the year, while Asia imported 191.1 million barrels, Bloomberg reported, citing Census Bureau data. This is the first time in six years that Europe has been a bigger …
Read More »Russia Looks to Expand its Domestic Natural Gas Network
Russia is capable of manufacturing by itself all the equipment necessary for expanding its domestic gasification network, Russian Trade and Industry Minister Denis Manturov said on Friday. “We will be able to provide ourselves all the technological equipment and piping for the gasification of the whole country,” the minister said …
Read More »The EU has Frozen $13 Billion in Russian Assets
European Union member states have so far frozen Russian assets worth $13.8 billion since Russia began its invasion of Ukraine, EU Justice Commissioner Didier Reynders has said. “For the moment, we have frozen — coming from oligarchs and other entities — 13.8 billion euros [$13.8 billion], so it’s quite huge,” …
Read More »Gazprom Cuts Italy’s Daily Gas Supplies by a Third as Works Begin
Russian gas giant Gazprom reduced its daily gas supplies by a third Italian energy giant Eni reported after the Nord Stream 1 pipeline in Germany entered its first day of maintenance. Instead of supplying about 32 million cubic metres (bcm), the Russian company delivered only 21 million cubic metres on …
Read More »Russian Natural Gas Supply to Greece Remains Normal
The supply of Russian natural gas to Greece remains normal, Greek government spokesman Ioannis Oikonomou told a briefing on Monday, adding that the suspension of deliveries via the Nord Stream gas pipeline due to scheduled maintenance had no effect whatsoever. Asked whether natural gas supply to Greece is sufficient in …
Read More »German Regulator Informs about Nord Stream Gas Pumping Termination
The German Federal Network Agency informed about termination of gas pumping over the Nord Stream pipeline. “The Nord Stream is serviced by Gazprom since today. Therefore, gas flows over the Nord Stream are currently equal to 0%,” the German regulator said on Monday in its gas supply report. Pipeline maintenance …
Read More »Europe Frets over Reduced Russia Gas Supplies
Russian gaz giant Gazprom begins 10 days of routine maintenance on its Nord Stream 1 pipeline on Monday — with Germany and other European countries watching anxiously to see if the gas comes back on. The annual work on the two pipelines was scheduled long in advance. The fear is …
Read More »Qatar at 77mn Tonnes Accounts for 21% LNG Exports Market Share in 2021
Qatar, the second-largest LNG exporter in 2021, exported 77mn tonnes, compared to 77.1mn tonnes in 2020, International Gas Union (IGU) said in its World LNG report – 2022. Qatar accounted for 21% exports market share last year, IGU noted. Australia remained the largest exporter in 2021, exporting 78.5mn tonnes, an …
Read More »Russian Gas Transit via Ukraine to Reach 40 mln Cubic Meters on July 9
Russian gas transit through Ukrainian territory may total around 40 mln cubic meters on Saturday, according to data released on the website of the Gas Transmission System Operator of Ukraine (GTSOU). Nominations for transit of Russian gas for July 9 via the gas distribution station Sokhranovka are absent, whereas nominations …
Read More »