Europe installed 17.4 gigawatts of wind power capacity in 2021, according to figures from industry body WindEurope, a record amount and an 18% increase compared to 2020. Despite this, the Brussels-based organization said it was not enough to meet energy and climate goals. The European Union, which consists of 27 …
Read More »Russia’s Eastbound Gas Flowing through Yamal-Europe Line Halved
Russian natural gas flows through the Yamal-Europe pipeline halved on Thursday morning on its way to Poland, data from German network operator Gascade showed, the same day that Moscow launched “a special military operation” in Ukraine. It was not immediately clear whether the lower flows were related to the developments …
Read More »Gazprom Says Russian Gas Exports to Europe via Ukraine Continue
Russian gas exports via Ukraine have continued as normal and are in line with requests from consumers, Russian energy giant Gazprom said on Thursday. The company said the requests have been at 83 million cubic metres per day as of Feb. 24, up 31.4% from Feb. 23.
Read More »Qatar Says ‘almost Impossible’ to Quickly Replace Russian Gas Supplies to Europe
Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with liquefied natural gas (LNG) in the event of disruption due to a conflict between Russia and Ukraine, Qatar’s energy minister said on Tuesday, February 22. With most of Qatari volumes locked into …
Read More »Europe’s Coal Generation Rises in 2021, could Increase Further in 2022
Coal-fired electricity generation in Europe increased 18% last year from 2020 to 579 TWh, interrupting a trend of decline since 2012, according to research by Rystad Energy. The rise, caused by gas supply concerns and limited alternatives, could be repeated in 2022, the research firm says. If high gas prices …
Read More »S. Korea Contemplating Sharing LNG with Europe amid Ukraine Crisis
South Korea is thinking seriously about sharing its liquefied natural gas (LNG) inventories with Europe amid looming supply disruptions sparked by the Ukraine crisis, officials said Sunday. “The government is seriously contemplating supporting Europe should the situation aggravate in Ukraine and create difficulties in the supply of natural gas,” a …
Read More »Europe Is Running out of Space for LNG
After the massive influx of US liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for US liquefied natural gas over the past three months …
Read More »Europe Remains Top Destination for U.S. LNG for Third Month
Europe’s call for U.S. liquefied natural gas continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday. About three quarters of U.S. LNG volumes went to Europe …
Read More »Europe’s Dependence on Natural Gas Imports Hits 80%
The European Union and the UK have seen their dependence on natural gas imports jump to 80 percent in 2020 from 65 percent in 2010, as regional production plunged, the U.S. Energy Information Administration (EIA) said on Friday. The high dependence on gas imports and the low levels of gas …
Read More »Geopolitical Tensions Add to Tightness in European Gas Market
Rising geopolitical tensions in the past few months have contributed to the already tight European natural gas market and prompted the search for additional supplies, Fitch Ratings said in a statement Monday. Intensified geopolitical tensions may have delayed Gazprom’s Nord Stream 2 pipeline that will carry gas from Russia to …
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