Gas

The gas price in Europe went up to over $625 per 1,000 cubic meters during Wednesday trading, according to data provided by London’s ICE. Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached $625.9 per 1,000 cubic meters, or 51.8 euro per …

Natural gas could play a key role in alleviating energy poverty and creating new jobs across the globe in the post-Covid recovery phase. The potential to create new jobs at a lower cost and with less environmental impact is one of the brilliant features of natural gas that makes it …

The first section of a massive new liquid natural gas (LNG) plant bound for the Arctic Circle was loaded onto a cargo ship at Daishan manufacturing base in east China’s Zhejiang Province on Thursday. The 10,000-tonne unit will arrive in Murmansk in northwestern Russia in 25 days. With 13 more …

Pakistan’s Foreign Minister Shah Mahmood Qureshi reiterated on Thursday his country’s commitment to cooperation with Turkmenistan, including on the construction of a major regional pipeline and enhancing security in Afghanistan. “Pleased to call on President [of Turkmenistan] #GurbangulyBerdimukhammedov today in Ashgabat. I reiterated Pakistan’s commitment to enhance our economic connect …

Russian President Vladimir Putin said Moscow is ready to maintain gas supplies to Europe through Ukraine after the current gas transit contract ends in 2024. The remarks came during German Chancellor Angela Merkel’s trip to Moscow, which is likely to be the last in her capacity as chancellor as she …

Turkey expects that the supplies of natural gas via the TurkStream pipeline will be increased, President Recep Tayyip Erdogan told Russian President Vladimir Putin during their talks by phone on Saturday. “President Erdogan pointed out that Turkey and Russia believe the cooperation in the economic sector to be crucial. He …

Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday. The project was 99% complete as of July, with the pipe-laying barge Fortuna working at the final section. Gas flows via Nord …

Russian President Vladimir Putin has stated that Russia is ready to continue transporting gas through Ukraine after 2024. However, the Russian authorities need to understand how long the transit will be extended and in what volumes. Putin said this during a press conference. “We are ready to transit gas through …

Dhahran-based petroleum and natural gas company Saudi Aramco is reportedly targeting to raise at least $17bn from its stake sale in gas pipelines. The deal amount could be higher than the $12.4bn the company received in the oil pipeline transaction, sources familiar with the matter told Reuters. North American private …

The global natural gas market is tightening with demand recovering this year as many countries led by China are seeing their economic life rebound following the pandemic. The global liquefied natural gas (LNG) demand growth this year has been driven primarily by China, Francisco Blanch, commodity and derivatives strategist at …