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Friday, 17 January 2025
Swiss-based energy trading company, MET Group has opened a Czech Republic subsidiary. Prague-based MET Česká Republika will initially focus on supporting Czech wholesale energy market participants, such as large energy intensive industrial companies as well as utilities - with the aim of offering its services to smaller customers and households…
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Friday, 17 January 2025
Free ReadLast year, large Russian oil and gas developer, PAO NOVATEK’s hydrocarbon production totalled 667 mill barrels of oil equivalent (mmboe), the company reported. This included 84.08 bill cu m of natural gas and 13.8 mill tonnes of liquid hydrocarbons (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced of 21.6 mmboe, or by 3.3%, compared…
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Thursday, 16 January 2025
Over the next two years, US natural gas demand is set to grow by more than natural gas supply. In its January short term forecast, the US Energy Information Administration (EIA) said supply of natural gas, including both production and imports, will rise by 1.4 bill cu ft per day…
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Thursday, 16 January 2025
Over LNG 10 cargoes have been diverted to Europe after originally heading for Asia, thus far this year. This move was driven by premium prices in Europe that could cause further cargoes to be redirected, according to traders, talking with ICIS.
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Thursday, 16 January 2025
Western LNG, one of the partners in the Canadian Nisga’a Nation-backed Ksi Lisims $9 bill project near Prince Rupert (BC), has secured $150 mill to advance the LNG and associated natural gas pipeline project towards a final investment decision (FID). The $150 mill private placement was led by Blackstone Energy…
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Thursday, 16 January 2025
2025 will see hydrogen gain traction as an alternative – potentially rival – fuel to LNG as the U.S. will become the leader in blue hydrogen production, while electrolysers made-in-China drive competition and spur investments in ammonia. Addressing the mismatch between FIDs and offtake contracts will, however, be crucial to…
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Wednesday, 15 January 2025
Free ReadColombia is due to receive its first LNG of the year, following a record breaking 2024. Two LNGCs were reported to have signalled Cartegena as their destinations and were heading for the SPEC LNG import terminal, according to S&P Global Commodities at Sea (CAS) data this week. The Shell chartered…
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Wednesday, 15 January 2025
Portuguese energy company, Galp has appointed two members of its board as interim CEOs following the resignation of Filipe Silva. Galp’s Board unanimously appointed Maria João Carioca (CFO) and João Diogo Marques da Silva (Executive Vice President Commercial) as interim co-Chairmen of the Executive Committee, taking on both functions.
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Wednesday, 15 January 2025
Both Egypt and Vietnam have issued tenders for four cargoes. Egypt has stipulated deliveries between February and March, two trading sources told Reuters.
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Tuesday, 14 January 2025
Ten European Union countries have called for strengthening sanctions against Russia, including additional restrictions on natural gas, particularly LNG. A document seen by Bloomberg revealed that Sweden, Ireland, Poland, Denmark, Finland, Czechia, Romania, and the three Baltic states, propose banning the import of both pipeline and liquefied Russian gas to…
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