lng

An escalation of military tensions between Russia and Ukraine could put up to 155 billion cubic meters per year of natural gas imports to Europe at risk, if the conflict causes Russia to halt deliveries, Rystad Energy research estimates. The figure corresponds to 30% of Western Europe’s annual gas demand. …

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4% to $628 billion …

PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. (“ENN Natural Gas”) signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced from the Arctic LNG …

PAO NOVATEK and RWE Supply & Trading GmbH (“RWE”) signed a Memorandum of Understanding (“MOU”) to mutually cooperate in the field of LNG supply and decarbonization. The MOU envisages the supply by NOVATEK to RWE of low-carbon ammonia and hydrogen to be produced at the Company’s planned project Obskiy GCC …

During the official visit of the President of the Socialist Republic of Vietnam Nguyen Xuan Phuc, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PetroVietnam Power signed the Cooperation Agreement on LNG and power projects in Vietnam (the “Agreement”). President Nguyen Xuan Phuc and NOVATEK’s Chairman of the Management Board Leonid …

In Europe, TTF prices are once again trending higher, reflecting the discomfort around winter supply availability, with a volatility booster from the US announcement of sanctions against a ship involved in the construction of the Nord Stream 2 pipeline in the Baltic Sea linking Russia and Germany. The market remains …

The Gazprom Board of Directors took note of the information about the growth prospects of the shale gas and liquefied natural gas (LNG) industries across the world, as well as opportunities and threats facing the Company. It was highlighted at the meeting that only a few countries were producing shale gas in 2020, with the United States accounting for 95 per cent of shale …

The Gazprom Board of Directors expressed its approval of the Company’s ongoing projects for the production and supply of liquefied natural gas (LNG). It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers. …

In Europe, the resumption of Russian gas flows to Germany at Mallnow and small injections into German storage at Rehden have calmed traders nerves and prices after a week of volatility On the other hand, temperatures over the next few weeks are forecast to trend at or below normal through …

Europe needs gas, but it is in no hurry to launch Nord Stream 2, which was built back in September. Although only the news of the timing of the start of its work could reduce the exchange gas prices, breaking records since mid-summer 2021. The official reason for the delay is the …