Gas

The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market. Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the …

The US Department of the Treasury has imposed sanctions against three Russian legal entities that Washington suggests are involved in construction of the Nord Stream 2 gas pipeline, according to a statement released on Friday. The entities added to the sanctions list include the Federal State Budgetary Institution Marine Rescue …

On Wednesday, US State Department Principal Deputy Spokesperson Jalina Porter signalled the Biden administration’s readiness to use all available tools to try and prevent the completion of Russia’s Nord Stream 2 gas-exporting pipeline. A German lawmaker has urged Berlin to initiate countermeasures against the US over the Nord Stream 2 …

The United States became the first largest supplier of liquefied natural gas (LNG) to the European market in the first quarter of 2021, overtaking Qatar, according to the latest report by Russia’s energy giant Gazprom published on Monday. “Thanks to a significant increase in associated gas production and the construction …

The European Union’s landmark rules to classify green investments may need to accommodate natural gas, the European Commission said on Monday, as Brussels weighs a politically fraught decision on how to treat the fossil fuel. The Commission last month published its “sustainable finance taxonomy”, a list of economic activities that …

European countries are mostly interested in the Nord Stream 2 gas pipeline construction project. The project is still planned to be completed in 2021, Russia’s Minister of Energy Nikolay Shulginov said in an interview with Energy Policy magazine. “Our position has not changed. Europe is largely interested in this gas …

China is looking to Turkmenistan to expand natural gas supplies as it cuts back on Australian energy imports, reported the South China Morning Post. Wrapping up a meeting with his Turkmen counterpart Rashid Meredov and the country’s deputy prime minister Serdar Berdymukhamedov in Xian on Monday, Chinese Foreign Minister Wang …

At least two of China’s smaller liquefied natural gas (LNG) importers have been told to avoid buying new cargoes from Australia, a further example of the impact on trade from souring ties between the two countries. The firms have received verbal orders from government officials to avoid purchasing additional LNG …

Gazprom’s gas exports to non-CIS (Commonwealth of Independent States) countries grew by 28.3% in the first four months of 2021 year-on-year, to 68.4 billion cubic meters, the company said. “To compare, the increase exceeds the volume of gas that we supplied to a large consumer such as Austria for the …

South Korean shipbuilders are enjoying a booming liquefied petroleum gas (LPG) ship market, snapping up a significant number of new orders placed this year, industry data showed Sunday. South Korean builders have won 31 LPG carriers out of 44 ordered so far this year, accounting for about 70 percent of …