The European Union benchmark Dutch Title Transfer Facility price tumbled by 24 percent in the past week from previous record levels while remaining above $70 per million British thermal units amid prospects of very tight markets and commodity shortages heading towards the winter season.
Fitch Ratings, the New York-based credit ratings agency and financial services company, has just published a report analysing the European Union’s efforts to mitigate the worst effects on gas markets of a cut-off of Russian imports and for their replacement with LNG and other types of energy.
The German government has selected a consortium to jointly develop and deploy a fifth floating import facility offshore the leading European Union economy for liquefied natural gas to replace Russian pipeline gas volumes.
McDermott International, the US energy and LNG engineering company, has successfully completed the sail away of the Tyra East gas processing module for the Tyra Redevelopment Project, a crucial part of Denmark's natural gas production hub.
Free ReadJapanese trading houses and energy companies Mitsui & Co. and Mitsubishi Corp. have formally joined the new operating company for the Sakhalin II LNG export plant in the Russian Far East. A Russian statement said Mitsui and Mitsubishi have taken stakes of 12.5 percent and 10 percent respectively in the…
US natural gas storage design capacity was down in 2021, primarily driven by reductions in the Pacific region of almost 12 percent as energy market changes including LNG exports signalled a greater need for capacity, especially flexible, high-deliverability storage.
ZIM Integrated Shipping Services, the Israeli containership company listed on the New York Stock Exchange, has signed a liquefied natural gas bunkering accord valued at $1 billion with UK-based energy major Shell.
China Petroleum & Chemical Corp., known as Sinopec, and an importer of liquefied natural gas cargoes from Queensland in Australia and from the US and Qatar, reported a more than 5 percent first-half increase in domestic natural gas output to partially offset its LNG needs.
Russian natural gas deliveries to Germany via the Nord Stream I pipeline, the main route for Russia’s gas exports to the European Union, will be temporarily halted again for three days on the night of Wednesday August 31.
An LNG carrier, the 162,000 cubic metres “Adam LNG”, was hit by a bulk carrier while at anchor off Gibraltar’s Europa Point, and there were no injuries to either crew, though the cargo ship suffered the most damage and had to be beached off Catalan Bay, a main tourist area…