LNG

Azerbaijan, the Central Asian nation and former Soviet republic, has issued its quarterly natural gas pipeline export data that affects LNG requirements in Southern Europe.

Turkey, an LNG importer and with plans to increase domestic production from Black Sea fields and the main route to Europe for natural gas from Azerbaijan, has raised the prices of natural gas and power by 20 percent for industrial users amid energy secuirty concerns in the South Caucasus region bordering Eastern Europe.

Gazprom, the Russian pipeline natural gas supplier in competition to LNG, said it produced slightly more gas in January 2022 than last year, though supplies to Western Europe dropped more than 40 percent during the month compared with January 2021.