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 »China’s Interest in Shell’s Russian Gas Stake Forcing Japan to Stay
China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC. “If Japan leaves a project, then a third party can acquire it,” Trade Minister Koichi Hagiuda said in Tokyo on Friday. …
Read More »China’s Interest in Shell’s Russian Gas Stake Adds Impetus for Japan to Stay
China’s interest in acquiring an abandoned stake in a Russian liquefied natural gas export project is providing further justification for Japan to continue its joint venture with Gazprom PJSC. “If Japan leaves a project, then a third party can acquire it,” trade minister Koichi Hagiuda said in Tokyo on Friday. …
Read More »European Gas Extends Gains amid Lower Norwegian, Russian Flows
Natural gas prices in Europe extended gains as Norwegian flows plunged further amid planned works, while Russian shipments remained low. Benchmark futures gained as much as 5.2%, advancing for a third day. Supplies from Norway are set to slump to the lowest levels in more than three months with seasonal …
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 »Data Shows China’s Imports of Russian LNG Steady in March despite Overall Decline
China imported 321,380 tonnes of liquefied natural gas from Russia in March, steady from the same month last year, despite a steep fall in the country’s total imports of the fuel due to high spot prices, according to Chinese customs data. China imported nearly 400,000 tonnes from Russia in February, …
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 »IEA: Natural Gas Demand Set to Edge down in 2022
The world’s demand for natural gas is set to decline slightly in 2022 as a result of higher prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency’s l(IEA) latest quarterly update. The expected small contraction in global gas demand compares with the IEA’s …
Read More »EU Set to Discuss Joint Gas Buying in Bid to Cut Russian Reliance
The leaders of the European Union member states are expected to discuss at their summit at the end of May the idea of jointly buying natural gas to avoid competing with each other for non-Russian supply as the EU seeks to cut its dependence on Moscow, Bloomberg reported on Thursday, …
Read More »