Murban crude oil in Abu Dhabi that usually trades at around $3 a barrel below dated Brent crude was trading at $90 a barrel on April 14 after Iran launched its first ever direct state-on-state attack on Israel using drones and cruise missiles, indicating that oil and gas prices in…
European liquefied natural gas prices surged by more than 12 percent this week even as gas storage builds gathered pace at the same time as worsening geopolitical problems from the Russia-Ukraine conflict to the growing tensions in the Middle East region.
The floating LNG import terminal operating company in the South American nation of Colombia said LNG deliveries reached record levels to respond to the increase in demand for gas-fired power as drought conditions caused by the “El Niño” phenomenon reduced hydro-electric supplies.
Free ReadNovatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of the delayed Arctic LNG II facility hit by Western sanctions on equipment imposed because of the Ukraine invasion, has reported operational results for the first quarter of 2024 as it continued to supply…
Several Australian exploration and production companies have signalled an imminent East Coast natural gas supply crunch while the approach of the Southern Hemisphere winter in June has already brought heavy rains and disrupted gas operations amid warnings that there was not enough new feed-gas developments for the three LNG export…
Deutsche Regas GmbH, the operator of the floating liquefied natural gas import terminal at the Baltic Sea port of Lubmin, said operating permits had been received at the company’s second German Baltic regasification terminal, located at the port of Mukran on Germany’s largest island of Rügen to allow operations to formally begin.
The German Association of Transmission System Operators (FNB Gas) said that members were partially disappointed with the upcoming adoption of the amendment to the Energy Industry Act (EnWG) in Germany’s Bundestag to create the legal framework for the financing and integration of development planning for the nation’s natural gas and…
Free ReadRepsol, the Spanish oil and gas company and liquefied natural gas market participant, has acquired a 40 percent stake in Genia Bioenergy, Spain’s main developer of natural gas made from waste to boost its presence in the bio-LNG bunkering sector. Genia Bioenergy is developing 19 plants producing biogas made from…
North Asian spot cargo prices are at relatively elevated levels for the next Northern Hemisphere winter season with current issues taken into account, such as government policies on energy security, and in the absence of any other events that could disrupt markets before 2025.
China National Petroleum Corp. (CNPC), the largest player in the Chinese natural gas industry, said it was advancing with three key projects comprising LNG shipping, a huge pipeline project and more associated gas production.