Shipping data shows that Indian diesel exports to West Africa have increased as a result of the EU's ban on Russian crude-derived fuel.
Shipping data from Kpler & Vortexa revealed that India stopped exporting Diesel to the European Union in this month because of the EU's 'ban' on fuels derived from Russian crude. Turkey's exports of diesel to the EU have slowed down over the past few months. These developments show that the EU's policy to punish Russia for its full-scale invasion in Ukraine 2022 is causing a reordering of oil flows between continents. This forces India's refineries to find new markets, and disrupts Turkey's lucrative fuel trade with the EU.
Prices for gas in Europe go up after US winter storm restricts LNG exports
The Dutch and British wholesale prices of gas rose slightly Tuesday morning, as the freezing weather in America continued to?curb liquefied gas exports. A winter storm in the U.S. has left more than 548, 000 homes and businesses without power. The storm is set to be the most expensive severe weather event since wildfires that ravaged the Los Angeles area in early 2025. LSEG data shows that the benchmark European gas contract (the front-month Dutch contract) at the TTF Hub reached its highest level in April of last year on Sunday…
Prices of EUROPE Gas are slightly higher as US cold continues a curb on LNG
The wholesale gas prices in the Netherlands and Britain rose slightly Tuesday morning, as freezing temperatures in the United States continue to limit liquefied natural gas exports. By 0931 GMT the benchmark Dutch front-month contract was 0.60 euros higher, or $14.02/mmBtu at the TTF Hub. On Monday, the price of oil reached its highest level since April of last year. The British day-ahead contract rose 3.70 pence, to 105 pence a therm. Meanwhile, the front-month contract increased by 0.22 pence, to 103.60 cents therm. The U.S.
Indian Diesel Exports to West Africa Jump as EU Bans Russian Derived Fuel
India stopped exporting diesel to the European Union this month due to the European Union's ban on fuel derived from Russian crude and instead sent a record amount to West Africa, shipping data from Kpler and Vortexa showed, while Turkey's diesel exports to the EU slowed in recent months.The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing India’s oil refineries…
As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally bound for Asia towards Europe and Turkey. The fall in temperatures in northern hemisphere is boosting the heating demand in Asia and Europe, and driving up prices. On Thursday, the price of Asian LNG futures was $11.22 per million British Thermal Units (mmBtu), based on S&P Global Energy Plts Japan-Korea Marker. The benchmark front-month contract for the Dutch Title Transfer Facility hub was closed on Thursday at 38.22?euros per megawatt, or $13.17/mmBtu.
As Europe Premium widens, LNG tankers divert their eastbound route
Shiptracking data shows that traders are taking advantage of higher gas prices in Europe compared to Asia by diverting two LNG tankers originally destined for Asia towards Europe and Turkey. The fall in temperatures in the northern hemisphere is boosting heating demand. Prices are rising?in both Asia and Europe, and regional competition for LNG supplies is increasing. On Thursday, the price of Asian LNG futures was $11.22 per 100,000 British thermal units. The benchmark front-month contract for the Dutch Title Transfer Facility hub was closed on Thursday at 38.22 Euros per megawatt hour, or $13.17 per MMBtu.
Global LNG demand to increase in 2026, while supply increases.
Analysts say that global liquefied gas (LNG), which is a form of natural gas, will increase this year. This will ease the constraints since the Ukraine War in 2022 and lower prices, which may spur demand, including from China and India, who are major importers. Analysts expect a massive wave of supply to continue until 2029. This will?depress?prices, which could lead to more demand coming from emerging economies. Kpler said that 2026 will be a year of transition for the LNG industry. The market will move from tightness to ample availability with enough supply…
India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al Nahyan for talks with Indian Prime Minister Narendra Modi. They pledged to double bilateral trade to $200 billion in six years and form a strategic defence partnership.Abu…
Syria tightens its grip after Kurdish withdrawal, IS jail attack reported
On Monday, Syrian government forces tightened their grip across a large swath of territory in the north and east that had been abruptly abandoned by Kurdish troops on Sunday. This was a dramatic change which solidified President Ahmed al-Sharaa’s rule. The Kurdish-led Syrian Democratic Forces, once the main U.S. ally in Syria, have agreed to a 'withdrawal from two Arab majority provinces that they controlled for many years. On Monday, there were reports of fighting despite the agreement. The SDF claimed that armed groups attacked a jail in which it held thousands of Islamic State fighters, but did not name them.
After abrupt Kurdish retreat, Syrian troops consolidate their hold
On Monday, Syrian government forces tightened their grip across a large swath of territory in the north and east that was abruptly abandoned by Kurdish troops on Sunday. This dramatic change solidified President Ahmed al-Sharaa’s rule. After fighting for days with the government, the Kurdish led?Syrian Democratic Forces, (SDF), which were once the main U.S. Allies in Syria, decided on Sunday to withdraw. This includes oil fields from two provinces that had a majority of Arabs. The biggest change in Syria's political map has occurred since jihadist fighters under Sharaa ousted President Bashar al Assad in 2024.
Gas prices in Europe reach 10-week high amid Iran tensions
Early trade on Europe's benchmark contract for gas reached a 10-week-high, continuing the bullish trend from?the last session amid forecasts of increased demand, short covering and geopolitical tensions regarding Iran. According to LSEG, the benchmark Dutch front-month 'contract' at the TTF hub increased by 0.80 euros to 31.27 Euro per Megawatt Hour (MWh) as of 0905 GMT. Earlier trades reached a contract price of 32.23 Euros, its highest since November 4, last year. The March contract was up 0.88 euros at 30.43 euro/MWh. The British gas day-ahead price rose 4.20 pence to 84.00 pence a therm.
Ghana pays $1.47 billion to settle energy debts
Ghana's Finance Ministry announced on Monday that the government will pay $1.47 billion to settle legacy energy sector debts in 2025, including restoring a depleted World Bank guarantee, and paying arrears to power producers. Ghana's?sector of power? has been struggling with unpaid debts, which have caused a dramatic increase in blackouts. Last year, John Dramani Mahama pledged to reduce the $2.5billion owed to independent gas and power suppliers. The ministry announced that the era of uncontrolled debt accumulation in the energy sector was over.
Saipem awarded $425 million contract to develop Turkey's largest offshore gas field
Italian engineering group Saipem won a $425-million contract to continue the development of Turkey’s largest offshore natural gas field. The contract, awarded by Turkish Petroleum OTC covers the third phase in a project for the development of the Sakarya Field, with a focus on the construction three additional?pipelines, totaling around 153 km along with subsea structures. Saipem announced in a press release that these facilities will connect the newly discovered Goktepe Gas Reserve?to Sakarya’s phase 3 facility.
Russian Oil Exporters Struggle to Stay Afloat as Discounts Deepen
Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action in Ukraine have forced its oil companies to sell crude at steep discounts, reaching $20 to $30 per barrel below Brent in December - the widest gap at Russian ports since early 2022, Reuters data indicates.The deeper discounts have eroded margins, pushing some suppliers into losses.
Australian shares drop as miners and banks fall on holiday thin trade
Australian shares dropped on Monday. The final trading week of the year began on a quiet note as banks and miners led the losses. They eased from recent highs, as holiday turnover exaggerated movements across the market. Investors returned to the market after their Christmas and Boxing Day holidays, and turnover was about half of its 30-day average. The index is up more than 7% for this year, and it's on track to achieve a third consecutive annual increase. It has risen by roughly 24% from 2022 when the last time that it logged a decline in a single calendar year.
Turkey claims that Russia provided $9 billion to it for the Akkuyu Nuclear Plant
The Turkish energy minister announced that Russia has provided $9 billion in new financing for the Akkuyu nuclear power plant, which is being built by Rosatom, the state-owned nuclear energy company of Moscow. Ankara expects the 'power' plant to be operational by 2026. Rosatom will build Turkey's first nucleo power station in Mersin, a Mediterranean province. The agreement signed in 2010 is worth $20 billion. The plant had been expected to become operational this year but was delayed. This (financing), will be most likely used in 2026-2027.
The LNG tanker Kunpeng loads cargo at a Russian plant in violation of sanctions
Ship-tracking data showed that a liquefied gas tanker loaded a cargo at Russia's Portovaya?LNG plant, which is under Western sanctions due to Moscow's conflict in Ukraine. According to data provided by analytics firm Kpler, the Kunpeng arrived in Portovaya's LNG terminal on December 18, was unloaded on that day and left with a cargo of natural gas on December 21. LSEG data shows that the tanker arrived and left the terminal at the same dates. It is the first time that a vessel, Kunpeng, not subject to sanctions, has picked up LNG from a designated LNG project.
Gazprom Delivers First LNG Cargo to China Post Sanctions
Russian energy giant Gazprom has delivered a liquefied natural gas cargo from Portovaya LNG plant to China, in the first such shipment since the United States introduced sanctions against the project in January, LSEG data showed on Monday.Gas carrier Valera, formerly known as Velikiy Novgorod, brought the cargo from the Baltic Sea's plant to the Beihai LNG terminal, LSEG ship-tracking data showed.Russia's largest LNG producer Novatek uses the same loading outlet in China for cargoes from Arctic LNG 2 plant.The tanker was loaded at Portovaya on October 28 and has arrived at the southern Chinese port of Tieshan…
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas carrier Valera (formerly Velikiy Novgorod) transported the cargo from the Baltic Sea plant to the Beihai terminal for LNG. Novatek, the largest LNG producer in Russia, uses the same loading port in China to load cargoes from Arctic LNG 2.
Data shows that Gazprom has delivered the first LNG cargo to China after sanctions from Portovaya.
LSEG data revealed on Monday that Russian energy giant Gazprom delivered a cargo of liquefied gas from the Portovaya LNG facility to China. This was the first shipment since January when the United States imposed sanctions against the project. LSEG's ship tracking data revealed that the gas carrier Valera (formerly Velikiy Novgorod) transported the cargo from a Baltic Sea plant to Beihai LNG Terminal. Novatek, the largest LNG producer in Russia, uses the same loading port in China to load cargoes from Arctic LNG 2.