Qatar Petroleum said Sept. 29 that it had reached an agreement to supply 3.5 million mt/year of LNG to China over 15 years. The long-term sale and purchase agreement with CNOOC Gas and Power Trading & Marketing Ltd., a subsidiary of China National Offshore Oil Corp., starts January 2022, QP …
Read More »Turkish Gas Find to Help Raise Output to 25 Percent of EU Capacity
A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Dönmez has told Bloomberg. Turkey may be able to start with an initial annual production capacity of 3.5 …
Read More »Russia’s Gazprom Set to Increase Natural Gas Sales to Europe
Energy giant Gazprom is reportedly ready to boost supplies of natural gas to Europe in a bid to help ease rising gas prices in the continent. Kremlin Press Secretary Dmitry Sergeyevich Peskov was cited by Interfax news agency as saying that state-owned energy firm Gazprom is interested in more European …
Read More »EU Ministers Unveil Plan to Weaken Russian Grip on Gas Supply
Europe’s energy ministers have joined forces to establish a plan that will reduce their dependence on foreign gas and purchase supplies as a bloc as part of a larger effort to combat Russia’s stake in the highly-coveted resource. The plan is to purchase strategic gas reserves as a bloc with …
Read More »US Supplies of LNG to Europe have not been Stable for Two Years
The hopes of European countries that LNG supplies from the United States will be stable, have not been fulfilled for second consecutive year due to an attractive price on the Asian market for the American LNG, the department head of Gazprom Export, the export arm of Russia’s top gas producer …
Read More »Russia Meets all Contractual Commitments to Gas Consumers in EU
Russia fulfills all of its obligations towards gas consumers in the European Union and it is impossible to increase gas transit before gas is sold under a contract, Kremlin spokesman Dmitry Peskov said on Wednesday. Peskov commented on the statement Amos Hochstein, US State Department’s Senior Advisor for Energy Security …
Read More »Turkey in Talks on New Gas Supplies from Russia
Ankara is discussing new contracts for gas supplies with a number of countries, including Russia, Turkish Deputy Energy Minister revealed on Tuesday. “This year will be very difficult for all of us. But we are on good terms with our current suppliers, such as Azerbaijan and Russia. We are discussing …
Read More »Gazprom Rejects Gas Transit Increase as Europe Faces Winter Fuel Crisis
Russian gas giant Gazprom has turned down an option to maximize gas shipments to Europe as the continent faces a looming energy crisis amid surging natural gas prices. Gazprom did not book any of the additional capacity available in transit pipelines running through Ukraine in auctions for October, the state-run …
Read More »Equinor Increases Gas Exports to Europe
In the future, Equinor will produce far more gas from the Oseberg and Troll fields. In this way, it will increase supply to the European gas market. In total, the production permits for these fields will increase by one billion cubic meters each from October 1, Equinor wrote in a …
Read More »Russia has Gas Reserves for more than a Century
Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas reserves are the largest in the world. And we won’t have any problems with our reserves for the next 100 …
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