Gas

Asian LNG prices hit record high as Japan and South Korea begin winter reserves

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To buy LNG for immediate delivery on the global market, European customers are paying high prices to compete strongly with Asian customers.

Europe faces new shock in oil and gas

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Europe faces a new disruption in energy supply due to the damaged oil pipeline from Kazakhstan to Russia, raising concerns about a decline in gas supply.

An EU country refuses to pay in rubles to want Russia to resume gas

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Bulgaria says negotiations to resume Russian gas supplies are inevitable.

German Trade Association: Don't sacrifice Germany for Ukraine

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The German Chamber of Commerce called for not to sacrifice Germany for Ukraine, demanding that Chancellor Scholz end sanctions against Russia to save the economy.

Discovering a large gas field in Europe

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French oil and gas company Totalenergies and Italian Eni announced the discovery of important gas at the Cronos-1 well off the coast of Cyprus (Sep).

European gas situation before Russia locks Nord Stream

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Gas flows through the Nord Stream pipeline are steady, while gas flows through the Yamal-China pipeline to the East are increasing.

European gas prices increase sharply, equivalent to 410 USD/barrel of oil

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Europe's standard gas prices rose 14% in just three days last week to a new record high, continuing the upward trend from recent weeks due to high gas demand for electricity production in the context of hot weather and low Russian gas supply, Oilprice.com reported on August 21.

Foreign countries make the EU dependent on Russian gas

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For more than two decades, the European Union has searched for gas from the huge reserves of the Caspian Sea, but major pipeline projects have been discussed and forgotten. Meanwhile, Europe is increasingly dependent on Russian gas.

Russian oil and gas company requires LNG buyers to change payment methods

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Russia has asked Sakhalin-2 LNG customers to pay Gazprombank JSC, putting Korean and Japanese customers in a difficult position due to Russian sanctions.

LNG buyers are in trouble because of the move of the world's leading factory in the US

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The leading US gas exporter, Freeport LNG, withdrew its defense statement after the plant explosion in June. This move could cost the factory's customers billions of dollars.

President Putin points to "reliable supply" of gas for the EU

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President Vladimir Putin said the EU should thank Turkey for ensuring a reliable supply of Russian gas to the alliance.

Two EU members resist gas distribution plan

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Poland and Hungary question the legality of the EU's gas distribution plan.

Heating will become a luxury in Germany

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The EU wants to reduce gas consumption by at least 15%. Germany will probably have to save more.

Customers buying LNG from Russian oil and gas projects are instructed on new payment methods

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The operator of the Sakhalin-2 oil and gas project asked buyers from Japan to pay to a bank in Russia.

An EU country buys Russian gas on a circular route

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Latvia is being supplied with Russian gas through an intermediary, a official said.