LNG

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First floating LNG terminal built in Germany

First floating LNG terminal built in Germany

Germany's first floating terminal for liquefied natural gas was opened today in Wilhelmshaven. The ceremony was attended by Chancellor Olaf Scholz, Vice Chancellor, Minister for Economic Affairs and Climate Protection Robert Habeck and …

US intends to continue supplying LNG to Europe

US intends to continue supplying LNG to Europe

The USA plans to supply European countries with liquefied natural gas (LNG) so that its reserves are enough for the winter. This was stated by US Deputy Secretary of Energy David Turk at a forum in Washington, DC, organized by the Aspen …

Qatar to supply Germany with LNG under long-term deals

Qatar to supply Germany with LNG under long-term deals

QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion …

Europe's imports of Russian LNG increase by 42% in 2022

Europe's imports of Russian LNG increase by 42% in 2022

The European Union has boosted the imports of Russian liquefied natural gas by 42% between January-October 2022 year-on-year, British financial newspaper reported. The LNG imports from Russia during the period amounted to 17.8 billion …

First floating LNG terminal arrives at German port

First floating LNG terminal arrives at German port

The first of several ships that will serve as floating terminals to receive liquefied natural gas imports in Germany arrived Wednesday off the Baltic Sea port of Mukran. In response to Russia’s invasion of Ukraine, …

Income tax for LNG exporters grows to 34% in 2023-2025

Income tax for LNG exporters grows to 34% in 2023-2025

Russian President Vladimir Putin signed the law increasing the income tax rate from 20% to 34% for liquefied natural gas (LNG) exporters in 2023-2025. The document was initiated by the Russian Government and introduces amendments into …

UK to announce U.S. gas deal after climate change summit

UK to announce U.S. gas deal after climate change summit

British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after the COP27 climate change summit, the Telegraph newspaper reported on Monday. Britain hopes the United States will promise …

UK to stop importing Russian LNG from January 1 2023

UK to stop importing Russian LNG from January 1 2023

The UK government will impose a ban on the import of Russian liquefied natural gas from January 1, 2023. This is according to a statement the United Kingdom Foreign Office published on Friday. "From 1 January 2023, the UK is ending …

Why European gas prices falling?

Why European gas prices falling?

European benchmark gas prices have been steadily declining over the past few months to near their levels before the crisis in Ukraine started. Europe has been facing an energy supply squeeze this year as Russia has cut gas flows after …

Pakistan counts on LNG supplies from Russia

Pakistan counts on LNG supplies from Russia

Islamabad has established contact with Moscow to discuss the import of liquified natural gas (LNG) from Russia to Pakistan, the country’s ambassador to Russia Shafqat Ali Khan said. Speaking at the Russian Energy Week, the …

Russia to invest $44bn in Iranian gas

Russia to invest $44bn in Iranian gas

Russia will invest $44 billion in Iran for the construction of a natural gas pipeline and the development of mines, Iranian Oil Minister Javad Owji said. "We have signed a $4bn memorandum of understanding with Russia …

Russia not considering transition to sale of LNG for rubles

Russia not considering transition to sale of LNG for rubles

Russia is not currently discussing the possibility of switching to payment in rubles for liquefied natural gas (LNG), Russian Energy Minister Nikolay Shulginov said at the Eastern Economic Forum when asked if the authorities are considering sale …