Gas

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 …

Saudi Arabian Oil Co. discovered a number of natural gas fields in the Central Region, the Empty Quarter desert, in addition to the Northern and Eastern borders, Saudi Press Agency (SPA) reported, citing Minister of Energy Prince Abdulaziz bin Salman.

Russian natural gas flows through the Yamal-Europe pipeline halved on Thursday morning on its way to Poland, data from German network operator Gascade showed, the same day that Moscow launched “a special military operation” in Ukraine. It was not immediately clear whether the lower flows were related to the developments …

Russian gas exports via Ukraine have continued as normal and are in line with requests from consumers, Russian energy giant Gazprom said on Thursday. The company said the requests have been at 83 million cubic metres per day as of Feb. 24, up 31.4% from Feb. 23.

Europeans will soon have to pay €2,000 ($2,200) per thousand cubic meters of natural gas, former Russian president and current deputy chairman of the Security Council Dmitry Medvedev tweeted on Tuesday. The warning comes after Germany ordered a halt to Nord Stream 2 gas pipeline certification. “German Chancellor Olaf Scholz …

Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with liquefied natural gas (LNG) in the event of disruption due to a conflict between Russia and Ukraine, Qatar’s energy minister said on Tuesday, February 22. With most of Qatari volumes locked into …

Russia intends to continue uninterrupted supplies of gas, including liquefied natural gas (LNG), to world markets, Russian President Vladimir Putin stated in the greetings to the participants and guests of the Forum of Gas Exporting Countries, published on the Kremlin website on Tuesday. The Russian leader noted that expanding the …

The request for transit of Russian gas through the territory of Ukraine remains low, equaling the level of the middle of January, according to data provided by the GTS (Gas Transmission System) Operator of Ukraine. Gas transit via Ukraine has been falling since the beginning of the month, standing at …

China National Offshore Oil Corporation (CNOOC), the leading liquefied natural gas (LNG) player in China, announced Sunday that it had completed concrete casting for the foundations of six world’s largest LNG storage tanks in Yancheng City of east China’s Jiangsu Province. The six storage tanks of 270,000 cubic meters, the …

South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday. “The government is seriously contemplating supporting Europe should the situation aggravate in Ukraine and create difficulties in the supply of natural gas,” a …