Gas

Following Thursday’s report that Russia threatened to cut the flow of gas to Finland, Russia—through its entity RAO, will suspend imports of electricity to Finland as of 1:00 a.m. on Saturday, May 14, Fingrid said on Friday in a statement on its website. The Finnish transmission system operator, Fingrid, claims …

Ten more European buyers of Russian gas have opened accounts at Russia’s Gazprombank, designated by Vladimir Putin to process the ruble-for-gas payments that he demands from now on, a source close to Russia’s gas giant Gazprom told Bloomberg on Thursday. So far, 20 companies from Europe have already opened accounts …

Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine. A unit of Gazprom PJSC that was seized by Germany has had its deliveries reduced by about 10 million cubic meters a day, according to …

Czech state fuel distributor Čepro is ready to build a liquefied natural gas (LNG) terminal in the country so gas could be transported from the Baltics by train. In the future, ship transport is also possible if the navigability of the Elbe River is resolved. Planned LNG transhipment facility is …

Reuters reports that Ukraine will suspend the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe through Ukraine, blaming Moscow for the move and saying it would move the flows elsewhere. Ukraine has remained a major transit …

Liquefied natural gas buyers in Northern China are concerned virus-linked curbs on travel and industry will persist through summer, further limiting demand. Respondents to a government survey expect LNG imports in Northern China, which accounts for about a third of the nation’s deliveries, to drop by at least 20% for …

The European Union is “massively” underestimating the cost of weaning itself off Russian natural gas by billions of euros unless it can speed up its shift to renewable energy. Europe is so reliant on gas that even cutting Russian supplies still means governments could be on the hook for about …

Azerbaijan plans to supply more natural gas to Europe as countries in the continent aim to phase out Russian imports by the end of the year and look for alternative sources of supplies amid Moscow’s continuing conflict with Ukraine. The central Asian republic is focusing on upgrading its existing energy …

Japan’s Chief Cabinet Secretary said on Monday the Sakhalin 1 oil and Sakhalin 2 liquefied natural gas (LNG) projects in Russia are “extremely important” for the country’s stable energy supply and it does not intend to abandon its stake in the project. Hirokazu Matsuno’s remark came after Japan decided to …

The outlook for Qatar’s future role in global LNG trade is very promising since the country has a great potential to send its LNG cargoes into Asian markets with lower shipping costs compared to other LNG suppliers, the Gas Exporting Countries Forum (GECF) has said in a report. Additionally, Qatar …