LNG

High energy prices to persist In Europe

High energy prices to persist In Europe

Europe's energy crunch is far from over, but a flotilla of liquefied natural gas (LNG) tankers from the U.S. are set to resupply the fuel-starved continent. European gas prices fell for the sixth day, the longest decline in more than a …

Can Egypt become a global LNG power?

Can Egypt become a global LNG power?

Egypt’s long-suffering LNG industry is finally experiencing some success as it takes advantage of European gas market constraints and exploits regional geopolitical developments. Cairo’s dream of becoming a global LNG player was derailed by a combination of the Arab Spring, conflict with Turkey, and then COVID demand destruction

The Geopolitical Game That Could Transform Gas Markets

The Geopolitical Game That Could Transform Gas Markets

At a time when media and financial analysts are fully focused on oil futures, natural gas markets are moving again. East Mediterranean gas futures, in particular, seem to be looking up due to some ongoing regional developments, …

Gazprom changes strategy on Turkish direction

Gazprom changes strategy on Turkish direction

 Before 2020, Russia was the leading gas exporter to Turkey with a market share around 33%. Few were those who predicted any sudden alterations to this order of things

China prefers Turkmen to Australian gas

China prefers Turkmen to Australian gas

Wrapping up a meeting with his Turkmen counterpart Rashid Meredov and the country’s deputy prime minister Serdar Berdymukhamedov in Xian on Monday, Chinese Foreign Minister Wang Yi said cooperation on natural gas was the “ballast stone” of the bilateral relationship. “China sees Turkmenistan as a long-term cooperative partner on natural gas, and is willing to formulate a comprehensive cooperation plan with the Turkmenistan side with a future-oriented perspective,” Wang said, according to a foreign ministry statement on Monday night

Azerbaijan and Turkey to sign new gas contract?

Azerbaijan and Turkey to sign new gas contract?

BOTAS and the Consortium of Azerbaijani Shah Deniz gas condensate field are negotiating a new contract for the supply of gas within the first stage of the field development. According to the head of the public relations department of BP-Azerbaijan, Tamam Bayatli, due to the completion of the contract concluded in 2001, which provided for the transportation of gas in the amount of 6.6 billion cubic meters annually, supplies to Turkey within the framework of Shah Deniz-1 were terminated on April 16

Turkey to invest nearly $100 mln in gas facility in Black Sea

Turkey to invest nearly $100 mln in gas facility in Black Sea

Turkey will invest 780 million Turkish liras (around $111 million) to build a subsea gas production facility, and a 155-kilometer-long pipeline connecting to a new onshore gas processing facility in Filyos, in the Zonguldak province along Turkey’s western Black Sea coast, according to an environmental impact assessment application report for this three-phased integrated project

Turkish Stream: first year's achievements

Turkish Stream: first year's achievements

The TurkStream pipeline, a milestone project for both Turkey and Russia, marks its first anniversary since it delivered the Russian natural gas to Turkey and Europe on Jan. 8, 2020. In a general evaluation of its first year, the pipeline can be considered as a success for both Turkey and Russia, while its achievements are expected to increase more in the following years, Daily Sabah writes in the article Russia-Turkey-US energy triangle: Success of TurkStream

Russian LNG gets a climate change boost

Russian LNG gets a climate change boost

Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut that has depressed LNG prices globally and the damage to demand done by the pandemic.

Gazprom says signs key deals to build Ust-Luga plant

Gazprom says signs key deals to build Ust-Luga plant

The key agreements for construction of a gas refinery and liquefaction plant in the port of Ust-Luga have been signed, Russian gas giant Gazprom said in a statement. "Several key agreements have been signed today in St. …

Can LNG replace oil?

Can LNG replace oil?

It may not kill oil entirely, but it could make it uncomfortable by eating into its demand in the key sector of transport