Gas

The European Union’s proposal to countries to reduce gas demand by 15% will not be enough to survive the winter in the face of continued cuts in Russian gas supplies. This was stated by the Minister of the environment of Ireland, Eamon Ryan, Reuters reported. Fifteen percent will probably not …

During the temporary halt to Russian gas supplies via Nord Stream 1, gas flows to Germany were significantly reduced, putting further pressure on prices. The German government aims to fill storage to 95 percent of capacity by November. BERLIN, July 25 (Xinhua) — German gas supplies are solid again as …

Asian natural gas prices are rallying on fears that Russia will slash supply again and worsen a global fuel shortage. The North Asia liquefied natural gas benchmark jumped 12% Friday, and is trading near the highest level since Russia’s war in Ukraine upended the global market, according to data from …

After President Vladimir Putin warned that Russian gas and oil sent to Europe could be further reduced and even stopped, the European Union this week called on member states to cut gas use by 15 percent by March. After a 10-day shutdown for annual maintenance, supplies via the Nord Stream …

China became the world’s largest importer of liquefied natural gas last year. But in a completely different energy market this year, China will likely cede the title to Japan, as Chinese imports of LNG are set for the largest-ever annual plunge since China started importing the super-chilled fuel in 2006. …

Russian President Vladimir Putin said on Wednesday (20 July) that capacity of the Nord Stream 1 gas pipeline, the single largest link for Russian gas supplies to Europe, could be further reduced due to slow progress in equipment maintenance. Nord Stream 1, which runs on the bed of the Baltic …

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it started importing LNG, reported Wood Mackenzie. After solid growth in 2021, China’s gas and liquefied natural gas (LNG) demand is expected to slow down in 2022. China’s gas …

Europe needs to drastically slash natural gas consumption in the next few months to prepare for what is likely to be “a long, hard winter,” the head of the International Energy Agency said. While the European Union has made some progress diversifying away from key supplier Russia, any shipments from …

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 …

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 …