Gas

Gas reserves in Europe nosedived to historically low levels this month. According to data by Gas Infrastructure Europe, consumption from storage facilities this January is one third more than the average for the previous five years. Experts have been raising concerns about the risk of full supply disruption to the …

Global LNG trade growth is expected to slow to 4% in 2022, following year-on-year growth of 6% last year on the back of strong economic recovery in Asia, the International Energy Agency said Jan. 31. In its latest quarterly gas market report, the IEA said the LNG demand expansion in …

One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is looking to raise alternative gas supply in case a Russian invasion of Ukraine disrupts Russia’s gas supply to Europe. “Australia, …

The European Union is negotiating possible gas supplies with the United States, Qatar and Azerbaijan in case Russia cuts of stops its gas deliveries, EU foreign policy chief Josep Borrell said on Sunday, Trend reports citing the press service of EU. “We have to be prepared in case diplomacy fails. …

Iran has started gas supply testing to Turkey in limited quantities, which is expected to alleviate natural gas cuts to the country’s industry starting on Jan. 31, Petroleum Pipeline Corporation (BOTAŞ) said Friday. Iran had previously confirmed it would not send natural gas to Turkey starting from Jan. 20 for …

The European Union could cope with a short term halt to all Russian gas imports but doing so would have “profound economic consequences” and require emergency measures to curb demand, according to analysis by the think tank Bruegel. Escalating tensions between the West and Russia over Ukraine have raised concerns …

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the world’s top oil exporter targets to develop more stand-alone natural gas fields, the U.S. Energy Information Administration (EIA) said on Tuesday. Being …

Oil and gas flows aren’t likely to be significantly impacted from the tensions building in Ukraine, according to Goldman Sachs Group Inc. The bank’s base case is “no disruption,” Jeff Currie, Goldman’s global head of commodities research, said in a Bloomberg TV interview with Shery Ahn and Paul Allen. Sanctions …

Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level never seen before after the country’s natural gas supplies dipped following a disruption of imports from Iran. Major industrial zones and clusters and major production sites, including those of foreign car manufacturers, are being hit …

The Russian-Chinese talks on supplies of gas from Russia’s Far East to China have reached a “high degree of readiness,” Russian Ambassador to China Andrey Denisov said at a news conference on Tuesday. He said that the project to deliver Russian natural gas to China via Mongolia was not the …