Gas

Europe Scrambles to Reduce Its Gas Dependency

Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia’s war in Ukraine sends prices to new highs. The Paris-based International Energy Agency said on March 3 that Russian gas imports could be cut by one-third this …

Read More »

EIA: US Weekly LNG Exports Climb by Six LNGCs

According to the latest Short-Term Energy Outlook from EIA, U.S. LNG exports increased for the period between 24 February and 2 March 2022 compared to the week before. Specifically, they are up by six vessels. Twenty-four LNG vessels with a combined LNG-carrying capacity of 92 billion cubic feet departed the …

Read More »

Russian Gas Flow to Europe on Rise despite War

Russia’s natural gas flow to Europe is on the rise despite Russian attacks on Ukraine, according to data compiled by Anadolu Agency on Wednesday. Gas exports of Russian energy giant Gazprom to the EU via Ukraine stood at 109 million cubic meters per day on Dec. 1 last year but …

Read More »

European Gas Jumps as Sanctions Spur Energy Shortage Concerns

European natural gas prices surged as another round of sanctions on Russia over the weekend fueled concerned about energy shortages. Futures traded in the Netherlands jumped as much as 36% on Monday. Western nations agreed to impose new sanctions to further isolate Russia’s economy and financial system after initial penalties …

Read More »