Gas

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 …

Read More »

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 …

Read More »

Europe’s Gas Prices Rise as Wind Speeds Fall

Benchmark European natural gas prices rose on Monday morning as forecasts of low wind speeds and still and cooler weather in the coming days spurred increased demand for gas for power generation across Europe. The day-ahead gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped …

Read More »

Germany Rejects Putin Demand for Ruble Payments for Gas Exports

Companies buying Russian natural gas should not have to set up ruble accounts to pay for it, German Finance Minister Christian Lindner said, pushing back against a demand made last month by Russian President Vladimir Putin. “Contracts are contracts,” Lindner said Wednesday in an interview with Bloomberg Television in Washington. …

Read More »

Denmark Wants to Phase Out Natural Gas Entirely by 2030

Denmark wants to phase out natural gas entirely and will quadruple the production of solar and onshore wind energy by 2030 as a plan to free itself of dependence on Russian energy and support its green transition. The government will give subsidies to help households switch heating systems so only …

Read More »

Chinese LNG Imports Down 17% in March

Chinese LNG imports in March were 4.63mn metric tons, down 17% year/year, customs department data published on April 18 showed. The pipeline gas imports in March were 3.36mn mt, up 8.8% yr/yr. The cumulative LNG imports in the first three months of 2022 were 17.28mn mt, down 11.2% yr/yr. China’s …

Read More »