Russian LNG in demand amid shortages due to Iran war - Novak
Russian liquefied natural gas (LNG) is in demand on global markets amid gas shortages due to the Middle East conflict, Russian Deputy Prime Minister Alexander Novak said.
Russian liquefied natural gas (LNG) is in demand on global markets amid gas shortages due to the Middle East conflict, Russian Deputy Prime Minister Alexander Novak said.
A cargo of liquefied natural gas from Russia's Portovaya plant on the Baltic Sea that is under U.S. sanctions is on its way to India, Reuters reported, citing LSEG shipping data.
The European Union increased imports of liquefied natural gas (LNG) from Russia’s Yamal LNG project in the first three months of 2026 by 17% year-on-year, amid supply disruptions from the Middle East, the Financial Times reported, citing analytics firm Kpler.
Shipping through Hormuz has effectively come to a standstill in March, cutting off almost 20% of global liquefied natural gas flows, while the biggest LNG plant in Qatar is shut down and about 17% of its capacities are damaged.
UN Ambassador Mike Waltz said the U.S. is demanding that international allies help escort ships through the Strait of Hormuz amid the conflict in Iran.
Qatar may postpone its previously scheduled expansion of LNG production by a minimum of one year. Currently, Qatar accounts for 20% of the global LNG supply.
Hungary has filed a lawsuit in the European Court of Justice against the EU's ban on energy supplies from Russia, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said.
The EU Council has formally approved a full ban on supplies of Russian liquefied natural gas to the European Union starting January 1, 2027, and on pipeline gas - starting September 30, 2027, according to a statement released by the EU Council.
Hungarian Foreign Minister Péter Szijjártó has condemned the EU's decision to fully ban Russian gas supplies by 2027, calling it "a fraud".
Russia will begin supplying liquefied natural gas (LNG) to Armenia via Azerbaijani railways.
Russia has almost doubled exports of liquefied petroleum gas in the January-November period to the Central Asian countries and Afghanistan to 1.016 million metric tons, industry sources said.
Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
Russia ranked second among China’s liquefied natural gas (LNG) suppliers in November after more than doubling exports, Bloomberg reported.
Turkey finalised a one-year extension of its two expiring gas import contracts with Russia that total 22 bcm, Turkish Energy Minister Alparslan Bayraktar said.
The trilateral gas project involving Russia, Kazakhstan, and Uzbekistan has proven successful, and gas transit volumes are expected to grow, Kazakh President Kassym-Jomart Tokayev said during a press briefing in Tashkent, where he arrived on a state visit.
The United Kingdom plans to ban companies from providing maritime services dealing with carriage of Russian liquefied natural gas to third countries, The Independent reported.
Russia has managed to increase its pipeline gas supplies to Turkey by almost 20% despite sanctions, according to data from the first eight months of 2025.
The European Union has become the largest buyer of Russian liquefied natural gas, even as the 19th sanctions package includes a phased ban on LNG imports from Russia, the Guardian reported, citing data from the Centre for Research on Energy and Clean Air.
Qatari authorities are considering suspending liquefied natural gas shipments to the EU in response to Brussels' tightened sustainability compliance regulations.
Russia's pipeline gas deliveries to Türkiye rose by over 25% year-on-year during the first seven months of 2025, reaching 12.7 billion cubic meters.