The Kremlin said on Thursday the world should know the truth about who sabotaged the Nord Stream gas pipelines and that those responsible should be punished after an investigative journalist said U.S. divers blew them up at the behest of the White House. A sharp drop in pressure on both …
Read More »Third Floating LNG Terminal Arrives in Germany
A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Europe’s top economy is rushing to diversify away from former top supplier Russia. The Hoegh Gannet vessel arrived at the Brunsbuettel …
Read More »Chevron Sending Two Oil Tankers to Venezuela under U.S. Approval
U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data. On Friday, a Chevron-chartered vessel approached the South …
Read More »Qatar Demands EU Sign Long-Term LNG Deals
Qatar plans to insist on terms that will lock Europe Union countries in for two decades of liquefied natural gas purchases, a move that will complicate the bloc’s goal to cut emissions while also reducing its dependence on Russian fuel. The Persian Gulf state, one of the world’s top LNG …
Read More »Poland Interested In Trans-Shipping LNG through Portugal
Poland would be interested in cooperating with Portugal on potential LNG trans-shipping, Prime Minister Mateusz Morawiecki said on Friday, adding that gas could be sent to other countries to help them cut their dependence on Russia. Following Russia’s invasion of Ukraine, the European Union has been scrambling to find alternatives …
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 »China Looks to Resell LNG as World Grapples with Gas Shortage
China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter. Two of China’s biggest state-owned LNG importers released tenders this week offering to sell dozens of cargoes for delivery through …
Read More »U.S. Natural Gas Faces High Volatility in 2022
U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was followed …
Read More »Goldman Sachs Says Biden’s First Steps Are Bullish for Oil
Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman Sachs Group Inc. A focus on fiscal spending, a probable lack of urgency in lifting sanctions on Iran and restrictions on the North American energy industry all combine …
Read More »Russia Prepares Earliest-Ever Arctic LNG Transit to Asia
Russia is preparing to make the earliest-ever shipment of liquefied natural gas to Asia, taking advantage of thinning ice in the Arctic Ocean and paving the way for a record-long navigation season this year. The super-chilled cargo from Novatek PJSC’s Yamal LNG facility in early May will beat last year’s …
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