European Union leaders on Friday, June 24, warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, accusing Moscow of “weaponizing” energy via a supply squeeze which Germany warned could partly shut its industry. A day after celebrations over setting Kyiv on the …
Read More »Qatar to Demand EU Sign Long-Term LNG Deals
Qatar plans to insist on terms that will lock Europe Union countries in for two decades of liquefied natural gas purchases, a move that will complicate the bloc’s goal to cut emissions while also reducing its dependence on Russian fuel. The Persian Gulf state, one of the world’s top LNG …
Read More »Europe Faces Red Alert for Gas Supply as Russia Reduces Flows
The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers. The significantly lower supply from Russia since last week and the …
Read More »Denmark Declares Early Warning for Potential Gas Supply Disruptions
Denmark’s energy agency said on Monday it had activated the first step of a three-stage emergency gas supply plan, which effectively means a tighter monitoring of the market, due to uncertainty about gas supplies from Russia. The energy agency said gas supplies were guaranteed for now but urged consumers and …
Read More »China to Stay at Top in Global LNG Liquefaction Capacity Additions
China is expected to lead the global liquefied natural gas (LNG) regasification capacity additions with 26% of the additions between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Regasification Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details …
Read More »Gazprom to Temporary Halt Natural Gas Supplies to Greece
Gazprom’s natural gas flows to Greece will be interrupted from June 21 to June 27, according to information published by from state-run Public Gas Corporation of Greece DEPA. The interruption is due to the annual scheduled maintenance of the TurkStream pipeline, through which Greece is supplied. Gazprom announced on Saturday …
Read More »China in Advanced Talks with Qatar for Gas Stakes Worth Billions
State-owned China National Petroleum Corp. and Sinopec are expected to invest in Qatar’s $29 billion North Field East project, said a person familiar with the situation, who asked not to be identified discussing a private matter. The companies are looking to procure LNG under long-term contracts, two other people familiar …
Read More »EU States Forced to Use Gas Reserves
The EU’s gas storage levels decreased this week for the first time in two months, according to the latest data from Gas Infrastructure Europe, as quoted by Bloomberg. The drop, which is seen as a sign of a deepening energy crisis in Europe, sent futures of the fuel soaring to …
Read More »Ukraine Suggests Solution to EU Gas Crisis
Ukrainian gas transmission system operator GTS said on Wednesday it was ready to increase the volume of gas transit through the Sudzha entry point to supply the EU. This comes as the continent faces cuts to Russian gas-supply via the Nord Stream pipeline. “In order to help prepare European countries …
Read More »Gazprom Announces 15% Gas Cut to Italy
Russian giant Gazprom will cut its gas supplies to Italy by 15% due to the back-and-forth between Russia and Europe over energy supplies, the company said on Wednesday. Following the decision to cut by 40% the volume of gas supplies to Germany along the Nord Stream pipeline on 14 June, …
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