Slovakia imports two-thirds its gas from non-Russian suppliers this year
Denisa Sakova, Minister of Economy, said that Slovakia's dominant importer of gas, SPP, has only received 33% this year, from Russia. The rest is from other suppliers. Slovakia rearranged its gas supplies after Ukraine stopped transiting Russian gas in the first month of this year.
Croatia's LNG Terminal tests new unit that doubles capacity
The managing director of Croatia's LNG Hrvatska said that the company has begun testing its new floating storage unit and regasification (FSRU), which will double its annual maximum capacity. Ivan Fugas said that after the terminal tests are completed…
TC Energy misses its profit forecast due to weakness in US operations and power business
Canada's TC energy missed its third-quarter profit estimates on Thursday due to weakness in the company's U.S. operations, power and energy solutions businesses and pipeline operations. Natural gas consumption is increasing due to AI-driven power demands…
EUROPE GAS - European prices are expected to ease due to forecasted milder weather and a plentiful supply
Dutch and British gas rates fell on Thursday morning as the weather forecasts for the next week were milder, and steady LNG arrivals maintained supply levels. The benchmark Dutch front month contract at the TTF Hub was down 0.21 euros at 31.49 Euro per megawatt-hour (MWh)…
Poland Working on Deal to Import US LNG to Support Ukraine, Slovakia
Poland is working on a deal to import liquefied natural gas (LNG) from the U.S. to supply Ukraine and Slovakia, an agreement that would further tighten the European Union’s ties to American energy, according to two sources familiar with…
Poland is in talks with the US to import more LNG to supply Ukraine and Slovakia
According to sources familiar with negotiations, Poland is negotiating a deal for the import of liquefied gas (LNG), from the United States, to supply Ukraine and Slovakia. This agreement would strengthen the European Union's relationship with American energy.
Poland is in talks with the U.S. about importing more LNG to Ukraine and Slovakia
According to sources familiar with negotiations, Poland is negotiating a deal for the import of liquefied gas (LNG) to Ukraine and Slovakia. This pact would strengthen the European Union's energy ties with America. One source said that officials…
Malaysia shifts from coal to a mix of solar, gas and electricity
Malaysia will shift away from coal and focus on solar power, said the CEO of the state utility Tenaga Nasional on Wednesday. He added that using renewable sources would keep costs low. Southeast Asia's 35 million-strong nation has increased…
Trade executives say that global LNG demand will rise as new supplies lower prices.
Trading executives at the Asia Gas Markets Conference on Tuesday said that global liquefied Natural Gas (LNG), demand will rebound due to new supply entering the markets, which is expected to drive prices down and spur the interest of price-sensitive buyers.
The price of gas in Europe has fallen as the milder weather reduces demand
Dutch and British wholesale prices of gas fell on Monday as a result of a weaker heating and electricity demand, despite stable supply. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.31 euros at 31.59 Euro per megawatt hour or $10.77/mmBtu at 0912 GMT.
China drives global underground gas storage growth, International Gas Union says
In a report published on Monday, the International Gas Union said that China would lead global underground storage expansion by 2025. It will add 6 billion cubic meters (bcm), or working gas volume, to increase its total capacity to 19,8 bcm.
EUROPE GAS-European Gas Prices Little Changed on Higher Wind and Colder Weather
The Dutch and British gas price ranges were mostly unchanged on Wednesday morning. Strong winds will offset the colder weather that is expected in the next few days, but early November should be milder, limiting demand for heating. LSEG…
Renewing gas flows prevents a new energy crisis in rebel area of Moldova
The head of Moldova's largest energy firm said that gas will be re-routed to the separatist Transdniestria Region. This will prevent a repeat crisis of severe power and heat shortages in the region last January. This will allow the supply…
Italy's Energy Minister sets out a path to reduce gas prices
Gilberto Pichetto Fratin, the Energy Minister said that Italy was targeting gas transport costs in order to reduce domestic energy bills. Giorgia Melons, the Italian Prime Minister is being pressed to lower the price of energy for both companies…
BP expects oil demand to grow until 2030, due to a slowdown in energy efficiency gains
BP announced on Thursday that it expects the global oil demand will grow until 2030. This is five years later than their forecast a year earlier. They attributed this to slowed energy efficiency efforts and global carbon emission reductions.
BP delays oil demand peak forecast to 2030 from 2020
BP announced on Thursday that it expected global oil demand growth to continue until 2030. This is five years longer than the forecast made a year earlier. It also highlighted slowed energy efficiency efforts. Two scenarios are modeled in the latest Energy Outlook of oil major…
Workers Strike at Fluxys Dunkirk LNG terminal
Workers began a three-day strike over pay at Belgian gas terminal operator Fluxys' Dunkirk liquefied natural gas terminal late on Monday evening, part of a broader action in the power and gas sector focused on pensions and wages.The Dunkirk…
Workers strike at Fluxys Dunkirk LNG terminal in Belgium
The Dunkirk terminal of Belgian gas terminal operator Fluxys began a 3-day strike on Monday night over wages. This was part of an action in the energy and gas sector that focused on wages and pensions. Dunkirk LNG is Europe's second-largest…
Increasing US LNG Exports to Catalyze Shale Production Growth
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's maturing shale industry which has seen growth slow and costs rise.The U.S.
EIA: US natgas production and demand will reach record highs by 2025 before declining in 2026
The U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook, released on Tuesday, predicted that the U.S. Natural Gas output and demand would both reach record highs by 2025. However, they will then decline in 2026. EIA…