Gas

Japan’s cabinet approved Friday bills to revise laws to ensure stable supply and demand of liquefied natural gas in the event of an energy contingency, amid procurement concerns driven by the Russian offensive in Ukraine. Partial revisions to the gas business law and the law for Japan Oil, Gas and …

Russian President Vladimir Putin on Thursday proposed to his Turkish counterpart Recep Tayyip Erdogan building a natural gas hub in Türkiye. Speaking on the sidelines of a regional gathering in Kazakhstan, Putin said building a hub in Türkiye would allow, among other things, regulating prices, selling gas at market prices, …

The European Union is moving closer to proposing a temporary overhaul of the electricity market by limiting prices of gas used for power generation even as pressure mounts for the bloc to impose a broader cap. EU energy ministers gathering in Prague on Wednesday will consider that model, which has …

Director of Dispatching of the National Iranian Gas Company (NIGC) Mohammad Reza Joulai announced that Iran’s gas exports to Iraq increased in the current year. Joulai met and held talks with senior officials of the Iraqi Ministry of Electricity in Isfahan province, Iran on Tuesday. Joulai highlighted in this meeting …

The National Iranian Gas Company (NIGC) has said that Iran has resumed gas exports to neighboring Turkey after repairs on the pipelines were done. According to the official news service of the Iranian Ministry of Petroleum (SHANA), Mohammad Reza Jolaei, an official with the National Iranian Gas Company (NIGC), said …

European natural gas prices slumped to the lowest level in more than three months as imports of liquefied natural gas and warmer-than-expected weather provide some relief to the market. Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1. LNG …

Germany is entering a dark winter with too much natural gas consumption and may be unable to avoid an energy “emergency” in the months ahead, the head of the country’s network regulator warned Thursday, according to WaPo. “Gas consumption increased by too much last week,” said Klaus Mueller, head of …

Malaysia will curb liquefied natural gas shipments to Japan this winter after a pipeline leak disrupted exports, another hit to already strained global supplies of the power-station fuel. Petroliam Nasional Bhd. has made a request to reduce contracted deliveries to several Japanese customers through the year-end, according to traders with …

Natural gas deliveries from Iran to Turkey will temporarily be discontinued from October 2-9, 2022, due to scheduled maintenance, Turkey’s Petroleum Pipeline Corporation (BOTAŞ) said on Monday. According to the Turkish Daily Sabah newspaper, “Due to the planned inspection and maintenance works to be carried out on the Iran-Türkiye Natural …

The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite gas demand falling in Europe in response to high prices and energy saving measures. According to the agency, global natural gas markets have been tightening since 2021 …