Ankara is discussing new contracts for gas supplies with a number of countries, including Russia, Turkish Deputy Energy Minister revealed on Tuesday. “This year will be very difficult for all of us. But we are on good terms with our current suppliers, such as Azerbaijan and Russia. We are discussing …
Read More »Gazprom Rejects Gas Transit Increase as Europe Faces Winter Fuel Crisis
Russian gas giant Gazprom has turned down an option to maximize gas shipments to Europe as the continent faces a looming energy crisis amid surging natural gas prices. Gazprom did not book any of the additional capacity available in transit pipelines running through Ukraine in auctions for October, the state-run …
Read More »Equinor Increases Gas Exports to Europe
In the future, Equinor will produce far more gas from the Oseberg and Troll fields. In this way, it will increase supply to the European gas market. In total, the production permits for these fields will increase by one billion cubic meters each from October 1, Equinor wrote in a …
Read More »Russia has Gas Reserves for more than a Century
Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas reserves are the largest in the world. And we won’t have any problems with our reserves for the next 100 …
Read More »China Shows Stunning Potential for Gas Demand Growth
Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday. He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format. “The Chinese market …
Read More »Natural Gas Deficit may Force Europeans to Switch Back to Coal
Rising gas prices will force European countries to restrain their ambitions to phase out coal and fossil fuels, according to an expert on EU energy markets, Simonas Vileikis. “Underfilled storage facilities continue to push the price of gas higher. If the facilities are not refilled now, and the winter turns …
Read More »Nord Stream 2 in Limbo as Germany Prepares to Decide on Key License
Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline. “The Federal Network Agency of Germany announced today that Nord Stream 2 AG has submitted all …
Read More »Nord Stream 2 Lifts Chinese Shares, as Firms Set to Benefit from Major Pipeline
The completion of the Nord Stream 2, an undersea natural gas pipeline in the Baltic Sea that will greatly improve Russia’s capacity to transport gas to Germany, continued to drive up share prices of some Chinese energy companies on Tuesday, as some analysts said that companies investing in the Yamal …
Read More »ICOFC Prepared for Sustained Gas Supply during Winter
Managing director of Iranian Central Oil Fields Company (ICOFC) announced his company’s readiness for the sustained supply of gas during winter. Ramin Hatami announced the realization of plans and readiness for the sustained supply of gas for domestic and industrial consumers. “Due to the efforts of the company’s staff, especially …
Read More »Gazprom Completes Construction of €9.5bn Nord Stream 2 Gas Pipeline
Gazprom announced that it has fully completed the construction of the €9.5bn Nord Stream 2 gas pipeline, which is designed to transport Russian natural gas to the European Union through the Baltic Sea. Nord Stream 2, the pipeline holding company, will now carry out the necessary pre-commissioning activities with an …
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