A subsidiary of Sempra has potentially netted another offtaker for two of its proposed Gulf Coast liquefied natural gas (LNG) projects as a European chemical manufacturer moves to secure natural gas supply. Sempra Infrastructure, the LNG and renewable infrastructure arm of the San-Diego based company, said it had a 1.4 million metric ton/year (mmty) heads…
Europe
Articles from Europe
Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows
News that the outage at Freeport LNG in the US will last longer than initially expected drove up the ICIS European TTF gas benchmark due to lower expected US exports. The ICIS East Asia Index (EAX) also climbed, underscoring its close ties to Europe’s prices.
Europe’s Top Natural Gas Buyers Continue to See Cut in Russian Deliveries – The Offtake
Europe’s largest gas buyers continued to see cuts in Russian deliveries Friday. Germany’s Uniper SE had received roughly 40% of its nominations, while Eni SpA had received about 50% of its orders. Slovakia also reported that its flows had been cut in half. Austria and the Czech Republic have seen flows reduced, while volumes from Russia arriving in France via Germany have been cut entirely. France receives less than 20% of its gas via Germany.
Israel, Egypt Eye Sending More LNG Supplies to Europe
The European Union (EU) has created a framework for potentially sending more natural gas to the continent following a tentative agreement between Israel and Egypt. The EU and the two potential partners clinched a memorandum of understanding (MOU) outlining collaboration efforts. The MOU highlights plans to send Israeli natural gas to Europe using liquified natural…
High Energy Prices Said Sustaining Russia’s Invasion of Ukraine
As European natural gas prices rise yet again, data suggest Russia’s gains from global energy market volatility are blunting the impact of sanctions on its exports. In a study from the Centre for Research on Energy and Clean Air (CREA), an international research group based in Finland, researchers concluded record-high energy prices are helping Russia…
Global Natural Gas Prices Soar on Freeport LNG, Russian Outages
European and Asian natural gas prices continued soaring higher Wednesday with the market on edge about two key supply outages in Russia and the United States. Word on Tuesday that the liquefied natural gas (LNG) terminal on Quintana Island, TX, Freeport LNG, won’t enter full service until later this year after an explosion, as well…
Nord Stream 1 to Cut Flows on Maintenance Delays Caused by Sanctions – The Offtake
Gazprom PJSC said Tuesday that it can only ship 100 million cubic meters/day (MMcm) on the Nord Stream 1 pipeline, or 40% less than the system’s capacity.
Southwestern Energy, Uniper Clinch Agreement for Certified Natural Gas Supply, LNG Exports
Southwestern Energy Co. said Tuesday it has a deal with the North American subsidiary of Uniper SE to supply independently certified natural gas for domestic and international distribution. The agreement pairs Southwestern, the second largest U.S. natural gas producer, with an affiliate of Uniper, one of Germany’s largest energy supply companies, at a time when…
Ukraine Banning Energy Exports, Collaborating with U.S. on LNG Imports
In the midst of a 100-day-plus war, Ukraine is preparing for the next heating season with proposed plans to secure large volumes of liquified natural gas (LNG) from the United States. Ukraine’s President Volodymyr Zelensky said the government has begun solidifying plans for winter storage and boosting electricity production. Ukraine also plans to end all…
Global Natural Gas Prices Swing with Freeport LNG Offline – LNG Recap
Last week’s explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline continued to test the global gas market Monday, as prices in the United States were down and the supply disruption combined with others to push prices higher in Europe. Freeport LNG Development LP said it expects the terminal, which provides four…