EU averts any Gazprom gas pipeline cut-offs at end of May by allowing opening of euro-rouble accounts
Most of Gazprom’s European Union pipeline natural gas customers are set to open new bank accounts with Gazprombank to meet Russian demands for the payment of volumes to be made in Russian roubles.
Gazprom profits jump as pipeline prices and volumes increase with Europe and Asia demand surge
Gazprom, the Russian natural gas company supplying pipeline gas to Europe and China in competition to LNG, returned to a nine-month profit after a previous loss as the value of sales more than doubled and sales of gas increased by 18 percent in volume with the start of the partial global economic recovery.
Gazprom gives winter supply forecasts amid price spikes in pipeline natural gas and LNG from Europe to Asia
Russian natural gas company Gazprom has repaired pipelines and facilities nationwide in preparation for an increase in Russia’s winter supplies to domestic and foreign customers as prices for pipeline natural gas and LNG stay at very high levels.
Equinor starts up phase three of Norway’s largest natural gas field to supply customers beyond 2050
Norwegian oil and gas company Equinor, the leading producer and exporter of West European pipeline natural gas and LNG, has brought on stream the third stage of the Troll gas field, extending the production lifespan beyond 2050.
Demand for LNG surges amid supply shortfall concerns reflected in soaring Asian and European prices
Demand for liquefied natural gas cargoes surged worldwide as liftings fell amid concerns about a coming global shortage of supplies leading to a jump in North Asian spot cargo prices to over $16.00 for October delivery and European natural gas values reaching their highest for the season since the early 2000s.
LNG competitor Nord Stream I gas pipeline from Russia to EU shuts for 10 days as Nord Stream II on track
Nord Stream AG, the natural gas pipeline company for the Russia-to-Germany Nord Steam I Pipeline, one of the main competitors to LNG, will temporarily shut down both lines of its system for routine maintenance for 10 days, starting today.
German major Wintershall Dea expresses confidence in Russian pipeline gas in absence of LNG supplies
German oil and gas major Wintershall Dea has expressed confidence various projects bringing pipeline natural gas supplies from Russia and Norway in the face of no competition as yet in the largest European Union economy from LNG shipments.
