Finnish company at centre of EU natural gas upheavals after Gazprom cuts reports more profit falls and legal issues
Fortum, the Finnish energy and power company with European Union-wide operations and that was forced to give up the German natural gas and energy supplier Uniper which had relied on Russian pipeline supplies from Gazprom, reported another substantial drop in profits.
ExxonMobil issues quarterly earnings estimates on lower natural gas prices and finds a buyer for Adriatic LNG stake
ExxonMobil Corp., the largest US oil company and leading LNG producer and a partner of Qatar, will have its third-quarter earnings impacted by price shifts as it also found a buyer for its stake in the Adriatic LNG import terminal offshore the northeast coast of Italy.
Russians seek other markets for pipeline gas and LNG after EU gas crisis from Gazprom cuts to Germany
Russian natural gas company Gazprom said it produced 300.8 billion cubic metres of gas from January through September 15, a drop of 15.9 percent from last year and expected exports to the European Union would be down by 50 Bcm by year-end.
European natural gas prices mixed as Russia says Asia is new focus after latest Nord Stream pipeline halt
The Russian government said the Asia-Pacific region would likely largely replace Europe as a recipient of natural gas and petroleum in the wake of Western sanctions over Ukraine while European spot natural gas prices failed to move significantly higher in the wake of expected events.
European LNG cargo prices still near highs after record surge this week as Russian gas supply crisis escalated
European Union natural gas prices and LNG values hit record levels this week and the benchmark Dutch Title Transfer facility price was still just below $60 per million British thermal units after the Russian gas dispute escalated while Asian LNG spot cargo prices also gained ground on the week, though at a slower pace than the EU market.
