Gas

France has come out in favor of imposing an EU-wide price cap on gas supply from Russia and a windfall tax on excess energy profits as Europe looks to reign in sky-high energy costs and respond to provocations from Moscow. European leaders are fighting to contain an energy crisis that …

China’s biggest energy groups are diverting more liquefied natural gas away from their languishing home market, offering some relief to desperate buyers suffering supply shortages in other parts of the world. Cnooc is offering to sell an LNG cargo for November loading from the North West Shelf export project in …

The Netherlands will reach the European Union target of filling up gas storage sites to 80% capacity as early as next week, according to its energy minister. “I expect the Netherlands to reach the 80% target in the upcoming days, next week,” the Dutch Minister for Climate and Energy Policy …

European natural gas prices could approach highs set in August after Russia said its key pipeline to Europe won’t resume flows as planned, according to Goldman Sachs Group Inc. The news will probably “reignite market uncertainty regarding the region’s ability to manage storage through winter” and is set to drive …

As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. Yet the plan, with the first floating …

The European Union’s gas storage facilities have been filled to 80 percent, the bloc’s Commissioner for Energy Kadri Simson said in a tweet. The EU had set itself a deadline in October to have its gas storage caverns 80 percent full ahead of the start of the heating season amid …

European gas markets are taking a sigh of relief after aggressive purchasing for LNG cargos and piped gas see storages filled faster than EU targets, Rystad Energy Senior Analyst Wei Xiong said in a market note sent to Rigzone on Wednesday. Europe is in full bunkering mode and taking no …

Shipping major Mitsui OSK Lines (MOL) on August 30 launched the second of Japan’s first two LNG-fuelled ferries. The ceremony was held at the Enoura plant of Mitsubishi Heavy Industries. The vessel, named Sunflower Murasaki, was ordered from Mitsubishi Shipbuilding Co. and will be delivered in March 2023. It is …

With winter just around the corner, Germany has been desperately trying to fill up its gas reserves. On Sunday, the German Vice-Chancellor confirmed that the reserves were filling up quickly, easing fears of households not having access to heating in the coming months. German gas reserves target set to be …

French energy giant TotalEnergies has agreed to divest its 49% stake in Termokarstovoye gas and condensates field in Serbia, Russia to its local joint venture partner Novatek. The transaction includes the sale of Terneftegas, which operates the Termokarstovoye oil and gas field. Upon the completion of the transaction, Novatek will …