War has changed the energy landscape: Global trade in liquefied natural gas will grow by another 25% in five years. LNG trade has already set a record in 2022 but is expected to grow by another 25% in five years to 500 million tons annually, according to the International Energy Forum (IEF). China has overtaken Jap... #Energy #GasExport #GasTraders #LNG #LNGdeliveries
The EU is seeking to sever energy ties with Russia permanently. The EU will eliminate Europe’s dependence on Russian fossil fuels during this decade, writes The Guardian. It is noted that the EU expects Russian gas imports to fall to 40-45 billion cubic mete... #EnergyIndependence #energysanctions #LNG #RussianFossilFuels #RussianGas
The energy gap between Europe and Russia is growing. Qatar has signed its third gas supply contract with the EU, and Kazakhstan is negotiating a new oil route. After TotalEnergies and Shell agreed to buy LNG from Qatar, Italian energy company Eni agreed to a 27-year contract with QatarEnergy. The agreement is for one million tons of liquefied gas per year, w... #AdriaPipeline #EnergyCrisis #KazakhstanOil #LNG #QatarEnergy #qatarpetrolium
EU gas reserves have reached an absolute record, and pipeline supplies from Russia continue at maximum capacity. Gas volumes in the EU have risen to their highest level ever and continue to grow, according to data from Gas Infrastructure Europe. The current inventory level has reached 92.65%, 12% higher than the... #EUgassupply #GasStorageEU #LNG #RussianGas
European gas prices jumped to a two-week high on concerns about LNG supplies. Based on fears of shrinking LNG flows, natural gas futures jumped more than 8% to over €33 per MWh, their highest level in two weeks. These concerns outweighed the fact that gas reserves in storage ar... #EUgasPrices #EUgasStorages #gasprices #LNG
Imports of liquefied natural gas into the EU fell to the lowest since autumn 2021. According to Bloomberg, Europe’s liquefied natural gas imports slumped to their lowest level since Russia invaded Ukraine after a price drop reduced the region’s appeal, reported Bloomberg... #GasImport #LNG #LNGforEU
For the first time, Europe imported more liquefied natural gas than pipeline gas. According to Institute of Energy data, imports of liquefied natural gas to Europe in 2022 exceeded the volume of pipeline imports for the first time. This suggests that the continent is rapidly rebuil... #GasImport #LNG #LNGimport #RussianGas
Europe more than doubled its purchase of liquefied gas from the US. Last year, the export of American liquefied natural gas to Europe increased to 117.4 million cubic meters, almost 2.5 times more than the previous year (47.8 million cubic meters). As noted by the Whi... #LNG #LNGimport #USoilexports
Ukraine can import gas from foreign LNG terminals. It is now possible to import gas to Ukraine from LNG terminals in Greece, Croatia, Poland, and Lithuania, said General Director of GTS Ukraine Operator LLC Serhiy Makogon. He notes that the OGTSU dou... #LNG #LNGforUkraine #LNGgreece #LNGlithuania #LNGpoland #SerhiyMakogon
