Pakistan’s diverse domestic energy mix – nuclear, coal and hydropower – is cushioning the country from the global energy price shock following Qatar’s suspension of LNG exports. With nearly three-quarters of its electricity now generated from local sources, Pakistan managed to mitigate the immediate fallout of halt in its contracted…
Buyers in the EU have been snapping up all LNG from Russia’s Yamal terminal they can secure, just month before a full EU ban on Russian gas exports will take effect at the start of 2027.
As the war shows no signs of abating, in an attempt to ease market fears, the International Energy Agency’s (IEA) 32 member countries have agreed to release 400 mill barrels of oil from their emergency reserves.
Bangladesh has secured several LNG cargoes from the spot market at elevated prices, as it seeks to stabilise domestic energy supplies amid disruptions linked to the ongoing conflict in the Middle East, local media reported.
US LNG accounted for 33.8% of Spain's total gas imports in February.
Additional measures are needed to be able to cover potential gas shortages in the Netherlands and wider Europe caused by a months-long gas supply disruption, according to Dutch energy company’s Gasunie’s subsidiary, GTS.
The European Commission is considering introducing gas price caps, enhanced power purchase agreements (PPA) or contracts for difference (CfD) to shield industry and households from soaring energy costs caused by the halt in Middle Eastern LNG deliveries.
Oslo-listed LNG shipowner Awilco launched a subsidiary ALNG Trading backed by a NOK 251.3 million ($26 million) private placement for shareholders and new investors, including a US partner.
Shell has declared force majeure on LNG cargoes it buys from QatarEnergy after Qatar halted output at a 77 mtpa terminal at Ras Laffan and suspended exports. Impacts on supply and term pricing are expected to start from April, while March deliveries largely continue as scheduled.
Two energy officials told Indian media outlets that the country will likely expand its reliance on coal for electricity generation to meet peak energy demand this summer, as LNG supplies dwindle due to the situation in the Persian Gulf.