Gas

The European Commission will classify nuclear energy and natural gas as clean fuels, giving them access to green finance. This was announced to the European edition “Politico” by the first vice-chairman of the Commission Frans Timmermans. In an interview published Thursday, Timmermans said: “I think we need to find a …

On Tuesday, European natural gas futures jumped after U.S. and European allies weighed new sanctions against Russia if it should invade Ukraine. Cold weather is not the only driver of natgas prices but also geopolitical instability in the region has helped push prices near 100 euros per megawatt-hour. According to …

European natural gas futures extended Monday’s gain as traders weigh fresh risks to winter supplies. Dutch front-month prices rose as much as 5.6% after Royal Dutch Shell Plc canceled several liquefied natural gas shipments after an outage in Australia, which will intensify global competition for spot cargoes. Traders are also …

The certification of Nord Stream 2 has now been suspended, and the pipeline can only be put into operation after the completion of this process, a spokeswoman of the Federal Ministry for Economic Affairs and Energy of Germany told reporters in Berlin on Monday. “The certification has not yet been …

Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company, has started drilling operations at the South Pars gas field in the Persian Gulf in search of new hydrocarbon reserves. The Pars Oil and Gas Company stated that the drilling of the new well was part …

Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam’s PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country. The agreement was struck during Vietnamese president Nguyen Xuan Phuc’s visit to Moscow, where he held a meeting with Novatek chairman Leonid Mikhelson …

Turkey intends to produce up to 40 million cubic meters of gas per day from fields in the Black Sea, President Recep Tayyip Erdogan said. “We hope to use the Black Sea gas from January 2023. It is planned that at the first stage 10 million cubic meters of gas …

Southeast Asian regional LNG imports are roughly 500,000 tons higher through the first ten months of 2021 than 2020 over the same period with most of the increase driven by Thailand where domestic production is falling rapidly. On the other hand, imports for Indonesia, Malaysia and Singapore are lower thus …

The reserves in European underground gas storage facilities currently equal 75.5 bln cubic meters, which is 15 bln cubic meters below the average level, department head of Gazprom Export, the export arm of the Russian gas holding Gazprom, Andrei Zotov told a telephone conference on Monday. “As for today’s total …

China’s largest natural gas storage, Hutubi gas storage under China National Petroleum Corporation (CNPC) in Northwest China’s Xinjiang Uygur Autonomous Region, began to supply gas to the West-East Gas Pipeline on Friday, further ensuing the country’s stable gas supply during winter and spring. Entering November, northern Xinjiang was hit by …