Gas

This year’s milder winter, weak industrial demand, and higher gas pipeline imports are set to result in the first decline in China’s LNG imports since 2022, according to estimates by research firms compiled by Reuters. Last year, China imported a total of 76.65 million metric tons of LNG. This year, …

Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, announced that Indonesia will have the world’s ninth-largest Floating Liquified Natural Gas (FLNG) facility, which will also be the largest of its kind in the country. Bahlil shared this news during an inspection of two gas companies, Genting Oil Kasuri and …

Negotiators from the European Parliament and the EU member states have provisionally agreed to ease the bloc’s natural gas storage targets by allowing a 10 percentage point deviation in the 90% full storage goal, Bloomberg reported on Wednesday, citing a draft document it has seen. The greater flexibility comes in …

Asia’s currently tepid LNG demand is set to become robust during the summer months as models suggest higher-than-usual temperatures across north Asia. A rise in Asian demand will support increased U.S. exports of liquefied natural gas, which are already at record highs, Reuters columnist Gavin Maguire notes. Early this month, …

Texas is pumping natural gas out of the ground and exporting it at a record pace. It may only be the start of another energy boom for the Lone Star State because natural gas demand is growing both globally and at home. Texas produced 34.1 billion cu ft daily of …

As China’s natural gas demand growth slows, domestic gas producers are lobbying the authorities to raise the number of gas-fired power plants, which they see as the key growth driver going forward, sources involved in advising on energy policy have told Bloomberg. China’s gas demand growth has weakened in recent …

Iran has started gas production from another infill well in its section of South Pars, the world’s largest gas field, which straddles the maritime border between the country and Qatar in the Persian Gulf. The Iranian company Petropars, which is in charge of operations in Phase 1 of South Pars, …

Russian gas monopoly Gazprom increased its gas supplies to Europe via the TurkStream pipeline in May by 10.3% compared to April, from 41.7 million to 46 million cubic meters per day, Reuters reported on June 2. After the cessation of supplies through the Yamal-Europe pipeline and Nord Stream, and the …

Turkey’s first floating natural gas production platform, Osman Gazi, arrived Saturday at Filyos Port in Zonguldak on Turkey’s Black Sea coast. The massive platform was sent off from the Presidential Dolmabahce Office in Istanbul on May 29 — the 572nd anniversary of Istanbul’s conquest — in a ceremony attended by …

Europe’s benchmark natural gas prices rose early on Monday following an unplanned cut to capacity of the giant Troll gas field in Norway, the single largest supplier of gas to Europe. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, jumped by 2.2% at trade open in Amsterdam …