Gas

No, LNG will not Derail Europe’s Climate Goals

In light of Russia’s invasion of Ukraine, many European countries have rushed to secure alternative gas supplies through the development of liquefied natural gas (LNG) import terminals. This step has sparked some sharp reactions in the climate-change community. A number of observers have raised concerns that, by building new LNG …

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LNG Terminals in Europe are Filling up Fast

Europe is importing record volumes of liquefied natural gas (LNG) as it looks to cut as much Russian gas consumption as soon as possible. Unlike in previous years, Europe is now the most attractive destination for global LNG flows, outbidding Asia for spot supply as prices and demand in Europe …

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Four European Gas Buyers Made Ruble Payments to Russia

Four European gas buyers have already paid for supplies in rubles as President Vladimir Putin demanded, according to a person close to Russian gas giant Gazprom PJSC. Even if the other buyers reject the Kremlin’s terms, more cutoffs after the halt in gas flows to Poland and Bulgaria Wednesday aren’t …

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Europe Turns to North Sea Oil to Replace Russian Supply

Refiners in Europe have significantly raised purchases of North Sea crude grades in recent weeks as they look to replace as much Russian crude as soon as possible, ship-tracking data compiled by Bloomberg showed on Wednesday. European buyers, especially those in the Baltic region, began raising imports of crude pumped …

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China Looks to Sell Spare LNG

China, the world’s biggest importer of liquefied natural gas, is trying to sell some spare supply due to fears that demand-sapping virus lockdowns could spread from Shanghai to other parts of the country. Major buyers, including Cnooc Ltd., are offering at least five shipments for summer delivery on the spot …

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