Gas

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 …

China is expected to lead Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions …

Europe’s large dependence on one single natural gas supplier has contributed to the current energy crisis, according to the head of the LNG department at Swiss-based energy company Axpo. Axpo head Antonio Canseco, in his speech during Europe’s largest and most influential meeting place for the global gas industry, the …

Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch. The Baltic Sea project, which has raised concerns over the Kremlin’s control of energy supplies to the continent, is …

Russia’s Gazprom said its Marshal Vasilevskiy vessel passed through the Northern Sea Route (NSR) with a cargo of liquefied natural gas (LNG) for the first time ever. The Russian LNG cargo was delivered under long-term contract to Indian company GAIL. On September 23, Marshal Vasilevskiy collected an LNG cargo at …

Germany’s government has determined that the Nord Stream 2 poses no threat to European energy security, clearing a key obstacle to the pipeline’s commercial launch. Whether or not the pipeline is considered an energy security risk will be a key consideration as German energy regulator Bundesnetzagentur decides whether or not …

European natural gas futures fell following more signals from Russia that supply may increase next month. Russian President Vladimir Putin ordered Gazprom PJSC on Wednesday to focus on filling its European storage sites from Nov. 8, a day after it completes the process in Russia. This should help alleviate supply …

A severe winter in Europe would likely mean natural gas prices will continue to rise higher, adding to the continent’s energy woes, according to Dea Mario Mehren, chief executive of natural gas and crude oil company Wintershall. “Prices might go up if the winter is very tough,” Mehren said during …

Russian natural gas supplied to Europe has the minimal carbon footprint and meets all EU climatic requirements, Deputy CEO of the Russian gas holding Elena Burmistrova said in an interview with the Gazprom’s corporate magazine. The European Union has recently announced plans to introduce the carbon duty in 2026 at …

Poland’s PGNiG has announced that the launching of the €9.5bn Nord Stream 2 pipeline will increase the risks to the security of gas supplies to the European Union (EU). The Polish firm alongside its German subsidiary PGNiG Supply & Trading (PST) has filed its position within the certification procedure of …