Rystad Energy: European Markets React to Russia-Ukraine De-Escalation, but Global Markets Remain Bullish
European gas prices are shaking off some of their recent volatility and reacting to the relative calming of Russia-Ukraine tensions as Russia announced the withdrawal of some troops from the border. Gas markets are taking heart from the Russian-Ukraine news, and TTF prices fell to just over $23/Mmbtu on Wednesday. …
Rystad Energy: Good News for Global Gas Supplies Helps Steady Prices
Global gas market sentiment is skewed bearish this week due to milder weather in Europe and more LNG supplies coming over the horizon. However, the downside risk is balanced by continuing concerns over Russian supplies to Europe and the potential for winter to follow the market into March, especially in …
Rystad Energy: Russia-Ukraine Tensions could Jeopardize 30% of European Gas Demand – US LNG can Play a Role in Bridging the Gap
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. …
Rystad Energy: Global Oil and Gas Investments to Hit $628 Billion in 2022, Led by Upstream gas and LNG
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 …
NOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply
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 …
NOVATEK and RWE Sign MOU on Decarbonization and 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 …
NOVATEK and PetroVietnam Power Sign Cooperation Agreement on LNG and Power
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 …
Rystad Energy: Gas Market Trends Differ Across Geographies, LNG Charter Demand Strong Despite Eye-watering Shipping Rates
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 …
Gazprom: Increased Attention to Environmental Issues Curbing Shale Industry Growth
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 …
Gazprom: Expanding Production and use of Liquefied Natural Gas
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. …