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Europe's Gas Storage Hits Record High But Winter Worries Persist
Earlier this week, reports emerged that Chevron was negotiating LNG deliveries for the European Union, looking at contract terms of 15 years.
read more... 06/11/2023
Europe may not need additional LNG terminals
Europe may find itself with excess LNG capacity following a flurry of newbuild import terminals and project announcements in the wake of Russia’s invasion of Ukraine, amid declining demand, according to analysts.
read more... 01/11/2023
Egypt may stop LNG exports, tightening EU supply
Europe’s gas balance may tighten this winter due to turmoil in the Middle East as Egypt is expected to stop LNG exports amid lower supply from Israel and lower domestic production, experts said this week.
read more... 27/10/2023
Finland Restricts Access To LNG Infrastructure After Suspected Pipeline Sabotage
Finland prepares to restrict access to a port area hosting one of its two floating LNG import terminals after an offshore natural gas pipeline between Finland and Estonia was shut down this weekend following a leak suspected to be caused by sabotage.
read more... 17/10/2023
Daily (10.10.2023): British gas prices turned bullish on Monday amid supply concerns over potential Australia LNG strikes and tension in the Middle East
On Monday, crude oil prices increased amid rising geopolitical risk in the Middle East. Hence, Brent crude surged by 4.2% to end at $88.15 a barrel. Meanwhile, U.S. WTI crude soared by 4.3% to $86.38 a barrel.
read more... 10/10/2023