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The European Union is split on imposing full-scale natural gas and oil sanctions on Russia and the issue is unlikely to advance as Germany is opposed and France is taking a neutral stance as the 27-nation bloc also struggles to correct energy policies that fuelled runaway prices.
Free ReadThe Australian view of the global natural gas and LNG markets has been updated since the Ukraine crisis and is seen as not only affecting Europe but has altered forecasts and aims in the whole Asia-Pacific region as well. “Not only is Russia the biggest gas supplier to Europe, it…
UK major BP says that natural declines in existing hydrocarbon production imply continuing investment in new upstream oil and natural gas is required over the next 30 years and the LNG sector is expected to see substantial growth.
Thailand’s state-owned energy company said the Yadana natural gas project in neighbouring Myanmar was key to the energy security of both Southeast Asian nations and the Thais will take over the operatorship after the withdrawal of France’s TotalEnergies over human rights issues.
Free ReadGRTgaz, the French natural gas transmission company with three liquefied natural gas import terminals under its control through subsidiary Elengy, said it had seen a shortfall in Russian supplies and this was being offset with LNG cargoes and additional pipeline flows from Norway. “We are not currently experiencing any difficulties…
European and Asian liquefied natural gas prices lost their traction for April and May as they slipped by more than 30 percent on the week with demand being less than expected as the Northern Hemisphere winter season approaches its end amid steady cargo supplies in a market still focused on…
Taiwan is set to wind down its liquefied natural gas imports from Russia as its supply contract with the Sakhalin II export facility in the Russian Far East is set to terminate at the end of March 2022, while other nations are ending their Russian LNG ties through sanctions over…