Gazprom profits drop with its shares as final dividend not paid and as LNG replaces Russia's EU volumes
Gazprom, the Russian natural gas supplier hit by Western sanctions over the Ukraine invasion, saw its shares drop on the Moscow stock exchange after the board said the company would not be paying a dividend to shareholders as it reported a profits plunge.
Bulgaria LNG talks
Jan 3 (LNGJ) - The Turkish Minister of Energy and Natural Resources Fatih Donmez has held talks with Bulgarian Energy Minister Rossen Hristov on the European Union nation receiving regasified LNG supplies from Turkey.
The talks covered negotiating to reserve a capacity of 1 billion cubic metres per annum from one or more of Turkey’s four LNG import facilities and for the volumes to be transferred by pipeline to the Bulgarian border by the Turkish Petroleum Pipeline Corp. (BOTAS) network.
Norwegian pipeline gas operator Gassco given all clear after phone threat led to brief spike in prices
Gassco, the Norwegian pipeline natural gas operator and whose transported volumes are the main competitor to LNG, said it was given the all-clear by Norwegian police after what it described as “an unclear situation” at the Nyhamna gas plant in Western Norway processing supplies for Europe.
Gazprom prefers new natural gas links via Black Sea to Turkey rather than restoring damaged Baltic Nord Stream
Russian natural gas pipeline supplier Gazprom said it was ready in technical terms to build new gas pipelines to Turkey via the Black Sea and building on existing TurkStream and BlueStream links rather than restoring the damaged Nord Stream pipelines linked to Germany under the Baltic Sea.
Turkish natural gas company and growing US LNG importer BOTAS defends policies and denies Iran debts
Turkey has defended its natural gas storage policies as it increases shipments of LNG from the US while also receiving gas supplies from Russian pipelines and from neighbouring Iran.
Gazprom boosts pipeline natural gas supplies to Europe and China in 2021 and forecasts record earnings
Russian pipeline natural gas supplier Gazprom said it produced 514.8 billion cubic metres in 2021 and bettered the 2020 output volumes by 62.2Bcm as the company boosted volumes to Europe and China and forecast record financial results.
Turkey's President Erdogan throws new Black Sea natural gas find into regional pipeline gas and LNG mix
Turkey President Tayyip Erdogan has claimed a Black Sea natural gas discovery by state-owned Turkish Petroleum (TPAO) of an additional 135 billion cubic metres of gas at the offshore Amasra-1 field, opening the way for production to offset some of the nation’s LNG and pipeline natural gas import needs.
Bulgaria LNG imports
Jan 9 (LNGJ) - The Bulgarian Prime Minister Boyko Borissov said at the opening of US-Bulgarian trade talks that the Balkan nation planned to buy a 20 percent stake in a floating liquefied natural gas import terminal off northern Greece.
Borissov said that the Bulgarian stake in the terminal would be the same as that of Greece’s state energy company DEPA and would be held by gas company Bulgartransgaz. The terminal is being developed by Greek company Gastrade off the Greek port of Alexandroupolis. The LNG terminal stake would give Bulgaria an alternative source of gas supplies to the recently started Turkstream pipeline from Russia via Turkey.
Turkey deploys new floating LNG import terminal as TurkStream pipeline also awaited
Turkey, Europe’s second-largest liquefied natural gas importer, has deployed a new floating storage and regasification unit at the port of Aliaga, near Izmir.
LNG imports to Turkey face competition from advance of TurkStream gas pipeline from Russia
TurkStream, the natural gas export pipeline from Russia to Turkey, has completed its first offshore phase across the Black Sea, while the second onshore phase will deliver gas to the Turkish market and southern and southeastern Europe in competition to LNG.
