Gas

Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe. There are few short-term solutions to the problem, but recent gas flows from Russia have resulted in huge moves in the market, highlighting the enormous sway that Russia has over the gas market at the moment. …

Natural gas prices at the key European hubs jumped to three-week highs on Tuesday after Germany said it had suspended the process of certification of the Russia-led Nord Stream 2 gas pipeline. The German Federal Network Agency of Germany, Bundesnetzagentur, said it suspended on Tuesday the procedure to certify Nord …

Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure. Temperatures are set to drop starting this week, with parts of Italy forecast to experience weather as much as 2 degrees Celsius below normal. Southern France, Spain and …

Head of the National Iranian Oil Company (NIOC) said on Thursday that developing the country’s North Pars gas field is going to add 100 million cubic meters (mcm) to Iran’s natural gas output, the portal of the Pars Oil and Gas Company (POGC) reported. Speaking in a meeting with the …

Head of National Iranian Gas Company (NIGC) has said Iran is the world’s fourth consumer of natural gas and the country’s gas consumption equals that of 12 European countries, Shana reported. “We are the third-largest gas producer in the world and the fourth largest consumer after Russia, the United States, …

The European Union will likely include natural gas in its energy transition plans as some member states that are heavily reliant on coal at the moment would need an “intermediary stage”, the head of the EU green deal team Frans Timmermans said, as quoted by Bloomberg. “We will have to …

The US Energy Department said November 12 that working gas storage levels are in line with historic trends, but this comes before winter weather is set to trigger a surge in demand. The US Energy Information Administration (EIA), part of the Energy Department, reported that gas storage levels were below …

Turkey will soon announce a significant natural gas discovery in the Black Sea, the country’s Energy and Natural Resources Minister Fatih Dönmez said on Nov. 9. “Natural gas is being used in Turkey’s 81 provinces right now. The countdown has started for good news about another natural gas discovery that …

Europe could have a way out of a natural gas shortage if the winter is colder than usual. The very tight European gas market may find relief from the supply crunch if it taps part of the so-called cushion gas, which keeps supply pressure at storage facilities, energy consultancy Wood …

The energy supply crisis has been aggravated by one of three major Russia-Europe supply pipelines changing the direction of its gas flow. Flows in the Yamal-Europe pipeline between Russia and Germany are moving eastbound for the third day running, according to Gascade’s data. This is the second time gas supplies …