Gas

The European Union and the UK have seen their dependence on natural gas imports jump to 80 percent in 2020 from 65 percent in 2010, as regional production plunged, the U.S. Energy Information Administration (EIA) said on Friday. The high dependence on gas imports and the low levels of gas …

The head of the energy committee in the Kurdistan Region, Ali Hama Salih, confirmed that the region is planning to export gas to Turkey in 2025. Hama Salih said that the Region’s gas reserves are estimated at 5.7 trillion cubic meters, 85% of which are in six main fields distributed …

The likely impact of Russia-Ukraine tensions on energy supplies has led Japan to consider diverting its liquefied natural gas (LNG) reserves to Europe. “Japan plans to provide part of its LNG reserves to Europe as simmering tensions between Russia and the West over Ukraine undermine energy security in the region,” …

Rising geopolitical tensions in the past few months have contributed to the already tight European natural gas market and prompted the search for additional supplies, Fitch Ratings said in a statement Monday. Intensified geopolitical tensions may have delayed Gazprom’s Nord Stream 2 pipeline that will carry gas from Russia to …

Europe’s natural gas demand is set to decline this year as buyers begin to favor lower-priced coal, the International Energy Agency said in the latest edition of its quarterly gas market report. According to the IEA, gas demand on the continent is seen declining by 4% this year, after rising …

Gazprom and China National Petroleum Corporation (CNPC) have signed a new deal under which the Russian gas giant will deliver natural gas to China via the Far Eastern route, Gazprom said on Friday as China and Russia are strengthening their energy cooperation. Gazprom and CNPC signed a long-term Sales and …

The occupancy rate in Europe’s natural gas storage facilities fell to 37.5% in January 2021 from 52% in January 2022, according to data from Gas Infrastructure Europe. In January 2021, there were approximately 60 billion cubic meters of gas in all of the natural gas storages across Europe, and the …

Japan, a key importer of liquefied natural gas (LNG), will consider ways it can help the international community in the event of the Ukraine crisis disrupting supplies, Industry Minister Koichi Hagiuda said on Friday. He declined to confirm media reports that the United States had asked Japan if it could …

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

Energy-rich countries from Qatar to Azerbaijan have all pledged emergency gas supplies to Europe, but the region is quickly figuring out it can’t replace top supplier Russia. Ongoing tensions over Ukraine and the threat of a potential conflict interrupting energy flows to Europe have overshadowed the continent’s gas market in …