Gas

Soaring LNG Demand Creates Traffic Jam at Gulf of Mexico Ports

Close to a record number of liquefied natural gas tankers are crowding Gulf Coast export terminals as U.S. exports of the superchilled fuels run at record rates. Reuters reported that Gulf Coast liquefaction facilities are operating near capacity thanks to strong demand, especially from Europe, which is currently trying to …

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Gazprom’s Exports Down despite same Production Levels

Russian energy giant Gazprom said on Tuesday that natural gas exports outside former Soviet Union countries fell by 28.5% year-over-year to 30.7 billion cubic meters (bcm) from Jan. 1 to March 15. The company added that it continues to deliver gas as requested by consumers in full compliance with contractual …

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Europe could Plunge into Recession if Russia Cuts its Gas Supply

Last week, Moscow made good on its threat to weaponize its energy exports in retaliation against Western sanctions by imposing wide-ranging export bans. Alexander Novak, Russia’s deputy prime minister, said his government has the “full right” to “impose an embargo” on gas supplies by halting gas supplies through the Nord …

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Can Europe Turn to Algeria to Replace Russian Gas?

With Europe unveiling plans this week to end its reliance on Russian gas by 2030, Algeria is keen to boost its output and become a major player. However, with long-term Russian contracts and structural issues in Algeria, that will prove to be a challenge, experts say. About 40 per cent …

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EIA: US Weekly LNG Exports down by One

According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports decreased by one vessel for the period between 3 March and 9 March 2022 compared to the week before. Twenty-three LNG vessels with a combined LNG-carrying capacity 85 f billion cubic feet departed the United States in this …

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