US exports of liquefied natural gas set a record high in 2021, averaging 9.7 billion cubic feet per day (Bcf/d), according to the most recent ‘Natural gas Monthly’ report from the US Energy Information Administration. LNG exports increased by 50% from 2020. The increase was driven by increased demand in …
Read More »Germany Activates Gas Emergency Plans, Fearing Russian Supply Cut
Europe’s largest economy braced for a cut-off of Russian gas supplies on Wednesday, activating the first phase of a national emergency plan. The move comes two days ahead of a deadline set by Russia for ‘unfriendly’ states to start paying for deliveries of Russian energy in rubles, rather than in …
Read More »Qatar to Invest $5 Billion in Egypt, Eyes Offshore Gas
Qatar is to invest $5 billion in Egypt, the government in Cairo announced Tuesday, in another sign of a growing rapprochement following last year’s restoration of ties. The announcement came after talks between President Abdel Fattah al-Sisi and visiting Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani, who also met Prime …
Read More »Russia and West at Odds over Gas Payments in Roubles
Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand. At a meeting of European Union leaders on Friday, no common position emerged on Russia’s demand last …
Read More »Russian Gas Sales to China will not Make up for Loss of European Markets after Ukraine Invasion
Increased China purchases of Russian natural gas will not make up for the loss of the European market, but their real importance to Moscow will be as a channel for necessary goods in the face of strict Western sanctions, according to a leading energy analyst. The European Union and Britain …
Read More »Qatar will Continue to Supply Gas to Europe
Qatari Energy Minister Saad Al Kaabi said in an exclusive interview with CNN’s Becky Anderson that Qatar will stand “in solidarity with Europe” and will not divert gas contracts to other customers. Qatar supplies some European countries with gas in the form of divertible contracts, which means it is able …
Read More »Iran’s Natural Gas Exports Value Doubled Last Year
According to the official statistics of the Islamic Republic of Iran Customs Administration (IRICA), country’s natural gas export value in the first 11 months of the previous Iranian year in 1400 hit more than $4.8 billion. Iran exported more than $4.8 billion worth of natural gas to foreign countries from …
Read More »Iran Reacts to SA, Kuwait Agr. On Arash Joint Gas Field
In reaction to a so-called agreement concluded between Saudi Arabia and Kuwait on Arash/Al-Durra Joint Gas Field, Iranian Foreign Ministry Spokesman said that Iran reserves right to operate Arash/al-Durra Joint Gas Field. Arash/al-Durra Gas Field is a joint gas field between Iran, Kuwait and Saudi Arabia and that parts of …
Read More »TotalEnergies to Stop Funding Arctic LNG-2 Project and Buying Russian Oil
While it does not operate any oil and gas fields or LNG plants in Russia, the French oil and gas company has minority stakes in several non-state-owned Russian oil and gas companies. These include Novatek (19.4%), Yamal LNG (20%), Arctic LNG 2 (10%) and TerNefteGaz (49%). TotalEnergies is also a …
Read More »European Gas Steadies as Russian Pipeline Flows Remain Stable
European natural gas steadied on Tuesday as Russian supplies flow to the continent in line with orders and mild weather keeps demand in check. Dutch futures, the European benchmark, were little changed at 97 euros per megawatt-hour by 8:38 a.m. in Amsterdam, after two days of declines. Prices appear to …
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