Russian gas giant Gazprom PJSC has started providing Hungary with additional volumes requested by Prime Minister Viktor Orban’s government to address winter energy supply concerns, according to a Foreign Ministry official in Budapest. Effective Friday, Gazprom stepped […]
Boosting domestic consumption and diversifying exports underpin Moscow’s new energy strategy as the EU seeks to phase out Russian gas imports by 2027. Both will require major investments, and domestic sales will bring lower returns […]
Crude oil futures were mostly steady in mid-morning Asian trade Aug. 11, as prices took a breather after a roller coaster overnight session on a barrage of headlines including a mixed US inventory report and […]
LONDON, Aug 10 (Reuters) – Top U.S. gas exporter, Freeport LNG, has retracted the force majeure it initially declared after an explosion in June, a development that could cost its buyers billions of dollars in […]
A forecast break from very hot weather in the US Northeast and Midwest is expected to ease power-sector demand for natural gas through at least Aug. 13, loosening recent supply-demand tightness and weakening spot gas […]
U.S. liquified natural gas exporter Freeport LNG has reached an agreement with U.S. regulators on certain conditions so that it can resume initial operations in early October. On 3 August, Freeport LNG and the Pipeline […]
(Bloomberg) — Bangladesh faces another three years of rolling power cuts as the developing nation struggles to secure long-term supplies of natural gas and is priced out of spot markets. The South Asian country stopped […]
Polish Prime Minister Mateusz Morawiecki said on Thursday that a possible decision on a compulsory reduction in gas consumption in the European Union must be made unanimously, not by a qualified majority vote. European Union […]
Opposition is growing against the European Commission’s proposed plan to voluntarily reduce gas consumption by 15% from now until next spring, with Southern countries leading the charge. National ministers are set to meet tomorrow in […]
This month, energy prices in Europe have soared due largely to record-high prices for natural gas. Though gas prices have been steadily rising since spring, significant increases across Europe began only in mid-August, after Russia’s […]
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