Gas

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 …

Global LNG demand will more than double from 356mn tonnes in 2020 to 800mn tonnes by 2050, “fuelled by solid demand from Asia and a rise in gas use for powering hard-to-electrify sectors”, according to the Gas Exporting Countries Forum (GECF). The biggest regasification capacity additions to 2050 are expected …

The European Union has proposed a revision to its Russia oil sanctions ban that would give Hungary and Slovakia an extra year, until the end of 2024, to comply, according to people familiar with the matter. The Czech Republic would also be granted an exemption until June 2024, the people …

About 30% of planned U.S. LNG export capacity has been booked since war disrupted European energy supplies, a dramatic reversal of fortune for as many as 10 new projects, some of them long stalled. Among the latest deals are French utility Engie SA locking in nearly 2 million tons of …

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 …

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 …

The German government is said to be planning a law to speed up the construction of import terminals for liquefied natural gas (LNG), as Berlin seeks to find alternative sources of energy to lessen its dependence on Russian imports. The draft law to accelerate LNG projects in northern Germany was …

Natural gas prices in Europe fell for a second day as buyers looked for ways to keep paying for Russian gas and still avoid busting European Union sanctions. Benchmark futures slipped as much as 3.9%. Austria’s OMV AG said it expects Russian flows into Europe will continue, a day after …

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 …