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 …
Read More »Pakistan Committed to Gas Pipeline Project with Turkmenistan
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 …
Read More »Putin Says Russia Intends to Maintain Gas Transit via Ukraine after 2024
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 …
Read More »Turkey Expects Russia to Boost Gas Supplies via TurkStream
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 …
Read More »Russia to Pump 5.6 Billion Cubic Meters of Natural Gas through Nord Stream 2 Pipeline in 2021
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 …
Read More »Russia Ready to Transit Gas through Ukraine after 2024
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 …
Read More »Saudi Aramco Reportedly Looking to Raise $17bn from Gas Pipeline Sale
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 …
Read More »Global Gas Markets Tighten as China Leads Demand
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 …
Read More »Australian LNG Exports to China Hit Record
Australia exported a record 30.7 million tonnes of LNG to China, worth an estimated A$15.6 billion, EnergyQuest said in its latest report released today. Deliveries from Australia were up 7.3% from the previous record of 28.6 million tonnes posted in the full year ending June 2020, according to import statistics. …
Read More »Russia’s First LNG Bunkering Barge to Operate in the Baltic
The construction of Russia’s first bunkering barge named “Dmitry Mendeleyev” after the great Russian chemist has been completed, Gazprom neft has announced. The vessel is to embark on its maiden voyage to the Baltic shortly. The company intends to start deploying the barge to supply LNG to cargo and passenger …
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