German government defends $7.8 billion price for filling up gas storage for winter before 2023 arrival of LNG
The German Federal Ministry of Economics has rejected claims that the natural gas reserves for the coming winter were bought at too high a price as the nation prepares to become an LNG importer with expectations of the first facility coming on stream in 2023.
Large natural gas supplier VNG becomes second German buyer of Gazprom gas to apply for bail-out
German natural gas supplier Verbundnetz Gas AG (VNG), based in the eastern city of Leipzig, has become the second large Russian gas buyer to be approved for a Berlin Government bail-out to stay afloat after LNG buyer Uniper received government funds in return for a stake.
German re-connection concerns after July 11 scheduled maintenance on Russian Nord Stream I gas pipeline
Germany’s Federal Networks Agency, the Bundesnetzagentur, has revealed that the nation could face a major natural gas test from July 11 when Russian natural gas supplier Gazprom has scheduled maintenance for the Nord Stream 1 pipeline under the Baltic Sea from Russia to northern Germany.
European natural gas futures and LNG values hit records in week since Left-Greens came to power in Germany
European natural gas futures have jumped to record highs over supply concerns as the new German Left-Green coalition is expected to put energy politics over energy security and is seen as ignoring the supply of adequate natural gas for the Germany-led European Union.
LNG vessels leaving with their last cargoes before Xmas as Asian prices soar and European gas follows
The liquefied natural gas fleet increased liftings amid a vessel shortage to carry spot Asian volumes with cargo prices soaring over 20 percent in a week and European gas benchmark prices following suit on supply concerns.
German gas operators make supply pledge ‘despite the tense market situation’ after Nord Stream blow
The German Association of Gas Transmission System Operators (FNB Gas) has issued a statement to try and reassure concerned natural gas markets in the European Union and customers in Germany after the Nord Stream II pipeline project was suspended.
LNG prices rise to records for Asian spot cargoes but now overtaken by Dutch TTF and UK NBP benchmarks
Prices of liquefied natural rose across the board with records set for North Asian spot cargoes as well as for the Dutch and UK benchmarks as cargoes deliveries increased but not at sufficient levels to alleviate global shortages.
