Benchmark European natural gas prices rose on Monday morning as forecasts of low wind speeds and still and cooler weather in the coming days spurred increased demand for gas for power generation across Europe. The day-ahead gas price at the Dutch TTF hub, the benchmark gas price for Europe, jumped …
Read More »European Gas Extends Gains amid Lower Norwegian, Russian Flows
Natural gas prices in Europe extended gains as Norwegian flows plunged further amid planned works, while Russian shipments remained low. Benchmark futures gained as much as 5.2%, advancing for a third day. Supplies from Norway are set to slump to the lowest levels in more than three months with seasonal …
Read More »Europe’s Biggest Solar Power Plant in Turkey to Meet Power Needs of 2M
Europe’s biggest solar power plant, the under-construction Karapinar plant in Konya in south-central Turkey, is poised to be fully operational by the end of 2022, Cemal Kalyoncu, the chairman of Kalyon Holding, the company responsible for the project, said on Monday. The current installed capacity of the power plant is …
Read More »Gazprom Continues Gas Exports to Europe
Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Saturday at the pace of 74.6 million cubic metres per day, in accordance with requests from European consumers, the company said. This was in line with the 74.5 mcm reported earlier by Interfax news agency, …
Read More »Europe’s Gas Prices Jump as Ukraine Transit Demand Drops
After more than a week of consecutive declines, Europe’s benchmark natural gas prices rose on Tuesday amid lower orders for Russian gas supply transiting Ukraine. In morning trade in Amsterdam on Tuesday, the front-month gas futures price at the Dutch TTF hub, the benchmark gas price for Europe, was up …
Read More »European Gas Prices Rise Once again with Ukraine Supplies Expected to Fall
European natural gas prices edged higher, following seven sessions of declines, with Russian supplies through Ukraine expected to fall. Orders dropped to about 68pc of the amount that Gazprom PJSC can send under its transit contract. The Russian company reiterated that flows were in line with requests from customers. Supplies …
Read More »Replacing Russian Gas in Europe Challenging in Short Term
Replacing Russian natural gas in Europe could be challenging in short term and it will keep gas prices high, Fitch Ratings said on Friday. Europe imports around 60% of its total natural gas demand, as Russia is supplying about a third of the continent’s consumption – 152 billion cubic meters …
Read More »Ukraine Grid Warns Russia Actions could Affect Europe Gas Flows
Ukraine’s gas grid warned that flows through Europe could be affected as Russia and illegal armed forces are disrupting operations at a key compressor station. Occupiers are interfering with operations at the Novopskov gas compressor station in the in Luhansk region, Gas TSO of Ukraine said in a statement. The …
Read More »Europe Seeks Asia Petrochemicals on Russia Supply Loss amid Sanctions
Buying enquiries from Europe for Asian petrochemicals have risen in recent weeks as international sanctions hit supply from Russia amid the Ukraine war. In the styrene-butadiene-rubber (SBR) market, Asian producers are preparing to ship out more cargoes to Europe given recent loss of Russian supply. Tyre factories in Europe are …
Read More »Oil Climbs on Prospect of Fresh Russia Sanctions
Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1per cent, to $108.73 a barrel, …
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