Gas

The US Energy Department said November 12 that working gas storage levels are in line with historic trends, but this comes before winter weather is set to trigger a surge in demand. The US Energy Information Administration (EIA), part of the Energy Department, reported that gas storage levels were below …

Turkey will soon announce a significant natural gas discovery in the Black Sea, the country’s Energy and Natural Resources Minister Fatih Dönmez said on Nov. 9. “Natural gas is being used in Turkey’s 81 provinces right now. The countdown has started for good news about another natural gas discovery that …

Europe could have a way out of a natural gas shortage if the winter is colder than usual. The very tight European gas market may find relief from the supply crunch if it taps part of the so-called cushion gas, which keeps supply pressure at storage facilities, energy consultancy Wood …

The energy supply crisis has been aggravated by one of three major Russia-Europe supply pipelines changing the direction of its gas flow. Flows in the Yamal-Europe pipeline between Russia and Germany are moving eastbound for the third day running, according to Gascade’s data. This is the second time gas supplies …

China is expected to lead Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions …

Europe’s large dependence on one single natural gas supplier has contributed to the current energy crisis, according to the head of the LNG department at Swiss-based energy company Axpo. Axpo head Antonio Canseco, in his speech during Europe’s largest and most influential meeting place for the global gas industry, the …

Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch. The Baltic Sea project, which has raised concerns over the Kremlin’s control of energy supplies to the continent, is …

Russia’s Gazprom said its Marshal Vasilevskiy vessel passed through the Northern Sea Route (NSR) with a cargo of liquefied natural gas (LNG) for the first time ever. The Russian LNG cargo was delivered under long-term contract to Indian company GAIL. On September 23, Marshal Vasilevskiy collected an LNG cargo at …

Germany’s government has determined that the Nord Stream 2 poses no threat to European energy security, clearing a key obstacle to the pipeline’s commercial launch. Whether or not the pipeline is considered an energy security risk will be a key consideration as German energy regulator Bundesnetzagentur decides whether or not …

European natural gas futures fell following more signals from Russia that supply may increase next month. Russian President Vladimir Putin ordered Gazprom PJSC on Wednesday to focus on filling its European storage sites from Nov. 8, a day after it completes the process in Russia. This should help alleviate supply …