Forecasts of frigid temperatures later this month sent U.S. natural gas prices surging in the middle of last week to above $4.85 per million British thermal units (MMBtu)—the highest level since November. If the cold snap expected over the next two weeks holds and forecasts for additional Arctic blasts this …
Read More »US Talks to EU Energy Firms on Contingency Gas Supply in Case of Russia Conflict
The US government has held talks with several international energy companies on contingency plans for supplying natural gas to Europe if conflict between Russia and Ukraine disrupts Russian supplies, two US officials and two industry sources said. The United States is concerned Russia is preparing for the possibility of a …
Read More »Japan to Explore 1.4 Tcf of Recoverable Gas Reserves for 46.7 Bcf/Year Output
Japan intends to explore 1.4 Tcf of estimated recoverable natural gas reserves offshore Shimane and Yamaguchi prefectures in the west that could produce 46.7 Bcf/year of gas after starting output in 2032, an official at the Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 17. The move …
Read More »Yamal Gas Pipeline Continues Flowing Eastwards from Germany to Poland
The Yamal-Europe pipeline, which usually sends Russian gas west into Europe, flowed east from Germany to Poland for a 26th successive day on Saturday, data from German network operator Gascade showed. Since Dec. 21, the link between Poland and Germany had been operating in reverse mode, putting upward pressure on …
Read More »US Voices Skepticism on EastMed Gas Pipeline
The US on Friday voiced misgivings over the Eastern Mediterranean (EastMed) Pipeline, a planned gas pipeline that would ferry Israeli fuel from the eastern Mediterranean to Greece. A State Department spokesperson who commented on the matter on condition of anonymity told Anadolu Agency that the Biden administration is looking “critically …
Read More »Turkish Petroleum Completes Gas Flow Testing in Black Sea Well
A daily flow of 1.15 million cubic meters (mcm) of natural gas was achieved after a successful flow test of the first reservoir section in the Türkali-1 appraisal well in the Sakarya Gas Field, Turkish Petroleum (TPAO) said via Twitter late Monday. TPAO successfully completed the flow test of the …
Read More »Iran Ready for 10-Fold Increase in Gas Swap from Turkmenistan
Iran’s Oil Minister Javad Owji says natural gas swap from Turkmenistan can increase by up to 10 times in volume terms if Ashgabat agrees to further transfer deals with Tehran. Owji said after a Saturday meeting with Turkmenistan’s visiting Vice President Rashid Meredov that Iran has the infrastructure required for …
Read More »TAPI Pipeline still in Doldrums after 30 Years
The major TAPI gas pipeline project – for Turkmenistan-Afghanistan-Pakistan-India – has not been completed despite the fact that it was kicked off decades. During this time Afghanistan has seen the collapse and establishment of various governments. TAPI is considered one of the major development projects in the region. After Turkmenistan …
Read More »Europe’s Industry Cuts Gas Use by the most since the Early Pandemic Days
Natural gas demand among European industries has dropped by the most since the early days of the pandemic, with soaring prices prompting widespread output cuts and factory shutdowns. Fourth-quarter industrial gas use in northern Europe fell by almost 5% from a year earlier, the biggest decline since the second quarter …
Read More »Russia to Enter Top 3 of Liquefied Natural Gas Producers within 8 Years
Russia will become one of the world’s three largest producers of liquefied natural gas (LNG) in terms of output in five to eight years, a senior consultant with Russian independent energy advisor VYGON Consulting, Ekaterina Kolbikova, has told Sputnik. “In [a period from] 2027-2030, Russia will become one of the …
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