Latest news
EU reaches record high LNG imports in 2019
The EU imported the highest ever volume of LNG in 2019 at 108 billion cubic meters (bcm), marking 27% of total gas imports and 22% of the EU's gas consumption, according to the European Commission's (EC) report on the gas market.
read more... 09/04/2020
LNG suppliers flood market with excess spot cargoes as demand shrinks
Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.
read more... 30/03/2020
Russia Moves In On European Gas Markets As Oil Prices Crash
Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe. Russia’s gas giant Gazprom, the single largest supplier of natural gas to Europe, has watched with apprehension the growing volumes of liquefied natural gas (LNG) from the United States that have arrived on European shores over the past two years.
read more... 24/03/2020
Russia has potential to produce 160 mln T of LNG a year -Novatek CEO
Russia has the potential to produce 160 million tonnes of liquefied natural gas (LNG) a year, the chief executive of independent gas producer Novatek , Leonid Mikhelson, said on Wednesday.
read more... 16/03/2020
Daily (12.03.2020): British gas prices mostly bullish due to a stronger consumption, lower LNG send-out
Crude oil futures fell on Wednesday as Saudi Arabia and the United Arab Emirates have announced their intention to drastically increase their production of black gold at a time when demand is weakened by the spread of the coronavirus worldwide. Meanwhile, the World Health Organization declared the coronavirus an international pandemic.
read more... 12/03/2020