European Union ministers meet to start Ukraine EU membership process after LNG sanctions on Russia
The European Commission, after many delays in imposing updated sanctions on Russia over the Ukraine invasion has now banned from its ports LNG tankers of the Russian Sovcomflot shipping line, while also convening on June 25 the first meeting of the Conference on Accession of Ukraine to the European Union.
EU may face pipeline gas issues with Azerbaijan over ethnic conflict against Armenians in Nagorno-Karabakh.
The European Union may face pipeline natural gas supply issues again this winter because of a military conflict, this time by Azerbaijan against the ethnic Armenian enclave of Nagorno-Karabakh.
Russian Vladivostok forum hears Asian export plans for Arctic LNG II and about re-start of Sakhalin LNG plant
Russian natural gas company Novatek has plans to start commercial shipments from the Arctic LNG II project in mid-January 2024 and would likely send three to five cargoes per month eastwards to the Asian market, including China, while Russia’s Sakhalin LNG plant in the Far East has re-started after scheduled maintenance.
Venture Global signs LNG supply deal with former Gazprom Germania taken over by German Government
Venture Global LNG, the US operator of the Calcasieu Pass export plant in Louisiana and developer of three other export project in the US Gulf Coast state, has signed a 20-year supply deal with the former Gazprom Germania that was taken over by the German Government.
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.
Russia’s Novatek boosts first-quarter sales including LNG to the European Union as output increases
Novatek, the Russian natural gas company and operator of the Yamal LNG export plant and developer of Arctic LNG II currently still under threat from Western sanctions imposed because of the Ukraine invasion, has reported operating data for the first quarter of 2023 as it continued to supply cargoes to the European Union.
OPEC of natural gas the GECF ends Cairo meeting by opposing attempts to cap prices and hinder markets
The Gas Exporting Countries Forum (GECF), the OPEC of natural gas and LNG, has held its 24th Ministerial Meeting in Cairo and stated that attempts to cap natural gas prices because of political motives were detrimental for producers and consumers.
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.
Canada moves to avoid blame for cutting of Russian gas to Germany by returning Nord Stream 1 compressor
Canada is moving to avoid being blamed for natural gas supplies to Germany being cut off by Russian company Gazprom by returning a gas turbine needed for the Nord Stream 1 pipeline that had been seized under sanctions when sent to Montreal by Siemens Energy for a scheduled maintenance programme.
Gazprom EU supplies drop 30 percent as shares of Gazprom and Germany's Uniper hit by sanctions issues
Gazprom said pipeline natural gas exports to countries outside the former states of the Soviet Union dropped by more than 30 percent, while the company’s shares also plunged on not paying a dividend along with those of German utility Uniper on its lack of guaranteed Russian gas supplies.
