Gas

Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions and lockdowns. Airline traffic in Europe is still 30 percent below pre-COVID levels from 2019, but road fuel demand has …

China’s first self-operated deep-water gas field Deep Sea No1 on Monday officially entered operation after completion of its last production well, demonstrating China’s attainments in ocean gas and oil exploration. Deep Sea No 1 can provide over 3 billion cubic meters of deep-water natural gas annually to Guangdong-Hong Kong-Macao Greater …

The Nord Stream 2 gas pipeline project will likely be completed this month, Rainer Seele, the head of the Austrian oil giant OMV, told the Russian Vedomosti newspaper. Asked when construction will be finished, Seele said “next week,” adding that gas could start flowing before the end of 2021. Kremlin …

European energy executives have warned of a difficult winter ahead as natural gas prices soar to records, a grim prospect for households and businesses recovering from the global pandemic. Gas prices in Europe are breaking records day after day as economies reopen and people return to the office, boosting demand …

Natural gas prices are undergoing a historic surge, and it’s bad news for everyone from ceramic makers in China to customers of patisseries in Paris. The cost of the fuel is already at record seasonal highs in most major markets and looks likely to rise further, threatening to dent the …

subsidiary Nihon Tug-Boat vessel Ishin received its first carbon neutral LNG (CNLNG) from Daigas Energy at Sakai Senboku Port, Osaka on 1 September 2021. This marks the first use of CNLNG as vessel fuel in Japan. Ishin was supplied at the wharf from a lorry, then returned to towage and …

The Russian company Grazprom reported Wednesday that its gas deliveries to China through the Force of Siberia gas pipeline exceeded its contractual commitments with that Asian nation by more than 5.0 percent, establishing a new high of supply. According to a statement from the largest gas company in the country …

The Ministry of Electricity announced today that the national energy system has lost more than 5,000 megawatts due to the decline in Iranian gas supply to stations in the center and south of the country. The ministry said in a statement that the national system is exposed today, Wednesday, September …

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 …