Tag Archives: Europe

European natural gas prices rose for a fifth day, the longest streak since April, as outages tighten global supply while heat blankets parts of the region. Benchmark futures advanced as much as 5.2% on Wednesday, signaling that a bullish trend is taking hold after prices slipped in the first half …

European natural gas declined as recovering fuel flows from Norway eased supply concerns, with investors becoming more bearish again. Benchmark Dutch futures fell as much as 6.2% with Norwegian supplies rising back to April levels early on Thursday, according to grid data. Shipments from the Nordic country, Europe’s top gas …

Europe’s hydropower industry is flagging in the face of climate change and lack of support from policymakers, leaving a key low-carbon energy sector by the wayside. “It was a thin, panicked chant,” wrote Christoph Ransmayer, recalling when Austria’s biggest hydropower dam flooded its reservoirs in 1949 for the first time. …

Europe’s natural gas stockpiles are at elevated levels and on track to be full sooner than planned. This gives governments and industries confidence that last year’s energy crisis will not be repeated. The benchmark natural gas prices are one-tenth of the records seen last summer when Russia slashed pipeline supply …

Concerned about energy security, Europe and China are in an intensifying competition to sign long-term supply deals with U.S. LNG developers and exporters. The race for LNG supply indexed to Henry Hub prices and with flexibility clauses to resell the cargoes if not needed gives buyers certainty about long-term supply …

Europe’s expenditure on Azerbaijani gas imports in April 2023 have reached nearly 490 million euros, Trend learned from Eurostat, the statistical office of the European Union. In April 2023, Azerbaijan supplied 1.047 billion cubic meters of natural gas to Europe, resulting in export revenues of 488,241,329 euros. Meanwhile, Azerbaijan’s energy …

Europe’s benchmark natural gas prices continued to rise early on Tuesday as weather forecasts suggest that most of northwest Europe, the biggest consumers of gas, will see a hotter-than-usual start to the summer, at least until the middle of July. The front-month futures at the TTF hub, the benchmark for …

The Port of Duisburg (Duisport), Europe’s top inland port, has teamed up with French renewable hydrogen producer Lhyfe to look into the feasibility of building the first major electrolysis plant in the port. The planned factory would have a capacity of up to 20 MW and could be built on …

Pakistan is eyeing Central Asia as its energy trade partner, especially Turkmenistan, and is seeking gas supplies for Gwadar in an effort to make it an international energy hub by encouraging China and European countries to establish liquefied natural gas (LNG) plants and export the fuel. “We want to be …

Russia’s Gazprom will send 40.3 million cubic metres (mcm) of gas to Europe via Ukraine on Saturday, the company said, down from 40.6 mcm on Friday.