LNG

Gazprom, the Russian pipeline gas and LNG provider looking for other markets after being frozen out of the West over the Ukraine invasion, said it had significantly increased pipeline flows to China National Petroleum Corp. (CNPC) in line with existing supplemental agreement.

French and Spanish engineering companies have been awarded the contract for the onshore LNG import terminal being developed at Brunsbüttel on the Elbe River north of Hamburg.

Fitch Ratings, the New York-based credit ratings agency and financial services company, has just published a report analysing the European Union’s efforts to mitigate the worst effects on gas markets of a cut-off of Russian imports and for their replacement with LNG and other types of energy.