Therese Robinson

Russian LNG exports to Europe are on the rise despite the continent’s efforts to diversify natural gas supplies and impose a series of sanctions against the country for its war in Ukraine. Most of the liquefied natural gas exported from Russia to Europe has been sourced from PAO Novatek’s Yamal LNG facility in the country’s…

Japan, one of the world’s leading LNG buyers, is shifting its focus on securing energy supplies to next year as its inventories have been boosted by lower demand and the market is expected to become increasingly tight as Europe continues replacing Russian natural gas imports. “Winter of 2023 is looming on many buyers’ minds, as…

Eni SPA has started producing LNG at its Coral-Sul floating terminal offshore Mozambique, setting the stage for the country to soon export its first cargo.   An Eni spokesperson confirmed first production and told NGI the company would announce the loading of its first cargo once the milestone is reached.  The 3.4 million metric tons/year (mmty)…

Europe could face a 30 billion cubic meter (Bcm) natural gas shortfall for the 2023-2024 winter if the European Union (EU) doesn’t start planning ahead now, the International Energy Agency (IEA) said in a report released Thursday. That’s the equivalent of about 1 Tcf of natural gas. And even though European gas storage facilities are…

If China buys more LNG on the spot market this winter it could have an impact on what’s available to European buyers over the next few months. “Since August, the Chinese [national oil companies] have been importing their contracted Russian volumes, while holding LNG imports relatively flat,” said Vortexa Ltd.’s Felix Booth, head of liquefied…

Russia’s control of global oil and natural gas supplies, and particularly LNG, has progressed with ExxonMobil’s exit from the Sakhalin-1 offshore oil project. ExxonMobil disclosed exited Sakhalin-1 after Russian President Vladimir Putin signed a decree expropriating the supermajor’s 30% stake “With its two recent decrees, the Russian government unilaterally terminated our interests in Sakhalin-1, and…

European natural gas prices continued to dip after the 27 European Union (EU) leaders agreed to a “roadmap” of emergency measures, including capping prices on gas sales, to help meet Europe’s energy crisis. Following many hours of negotiations, agreement was reached on several measures, including a proposal for a temporary price limit on gas transactions…

National Grid plc, which manages the UK’s electricity and natural gas networks, is looking to secure additional gas reserves to help manage potential supply shortfalls this winter, particularly if LNG deliveries are diverted. “Due to the war in Ukraine and gas shortages in Europe, there is a significant risk that gas shortages could occur during…

European Union (EU) energy ministers will likely weigh proposals for natural gas price caps and other protective measures after weeks of questions from members, but researchers expect a consensus will be hard fought. Leaders from the 27 EU member countries are expected to meet Thursday and Friday to possibly implement a price cap on gas,…