While Europe managed to fill its gas storage ahead of winter this year, it will have to import huge amounts of LNG in a competitive market to survive next winter. The next 12 to 24 […]
With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Although the […]
Germany’s gas reserves are emptying at record speed: 1% per day as the current wind/solar energy lull means more gas gets burned for electricity, heating. Pleiteticker.de here reports how Germany’s natural gas reserves “are emptying at […]
LNG is well placed to play a bridging role as Latin America transitions away from fossil fuels, despite the current tight market, writes Carla Bass Houston, 14 December (Argus) — Imports of LNG to Latin […]
Chalk up another way that China is benefitting from Western sanctions against Russia. First we saw China seize the opportunity to buy Russian oil at a steep discount. Now, China’s shipyards are racking up record […]
Supertanker rates reached record levels earlier this year. Very Large Crude Carrier rates have plunged to just $38,000 per day, falling some 62% from a few weeks ago. OPEC+ cuts and waning SPR releases are […]
The heads of the International Energy Agency (IEA) and the European Union’s executive branch have said that the 27-nation bloc is expected to successfully weather an energy crisis this winter. Speaking at a news conference […]
Gas Demand Destruction 2022 Gas demand destruction is happening. Despite the current push by the global natural gas and LNG sector, as well as major producing nations like Qatar, Australia, the US, Russia and others, the cost of […]
Dec 9 (Reuters) – French oil giant TotalEnergies (TTEF.PA) is not leaving the Yamal LNG project for now, a source familiar with the matter said on Friday, after the company decided to take a $3.7 billion write-off on its […]
There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close Wood Mackenzie sees hope. Spiraling energy costs and the impact of Russia’s war with […]
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