Gas

EU will soon Pay Double for Gas

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 …

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Transit of Russian Gas via Ukraine Remains Low

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 …

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S. Korea Contemplating Sharing LNG with Europe amid Ukraine Crisis

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 …

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Europe Is Running out of Space for LNG

After the massive influx of US liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for US liquefied natural gas over the past three months …

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