Gas

U.S. Exports LNG at a Record Pace

The U.S. is exporting liquefied natural gas at a record pace these days, as gas prices and geopolitical tensions in Europe rise amid the energy crisis and the Russia-Ukraine standoff. LNG tankers were loading or being docked at each of the seven LNG export facilities in the United States on …

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China could become a Major LNG Trader

After becoming the world’s largest importer of liquefied natural gas, China is now looking to become a factor in global LNG trade, analysts tell Reuters. China was the single biggest contributor to the rise in global LNG demand in 2021, after a lackluster 2020, due to the pandemic slump in …

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Europe’s Dependence on Natural Gas Imports Hits 80%

The European Union and the UK have seen their dependence on natural gas imports jump to 80 percent in 2020 from 65 percent in 2010, as regional production plunged, the U.S. Energy Information Administration (EIA) said on Friday. The high dependence on gas imports and the low levels of gas …

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Erbil to Start Exporting Gas to Ankara in 2025

The head of the energy committee in the Kurdistan Region, Ali Hama Salih, confirmed that the region is planning to export gas to Turkey in 2025. Hama Salih said that the Region’s gas reserves are estimated at 5.7 trillion cubic meters, 85% of which are in six main fields distributed …

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Geopolitical Tensions Add to Tightness in European Gas Market

Rising geopolitical tensions in the past few months have contributed to the already tight European natural gas market and prompted the search for additional supplies, Fitch Ratings said in a statement Monday. Intensified geopolitical tensions may have delayed Gazprom’s Nord Stream 2 pipeline that will carry gas from Russia to …

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Russia to Supply more Gas to China via New Pipeline

Gazprom and China National Petroleum Corporation (CNPC) have signed a new deal under which the Russian gas giant will deliver natural gas to China via the Far Eastern route, Gazprom said on Friday as China and Russia are strengthening their energy cooperation. Gazprom and CNPC signed a long-term Sales and …

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