Europe

It promises to be another volatile year for the liquefied natural gas (LNG) trade as the market continues to rebalance with European storage inventories woefully short and much riding on the rest of this winter.

The liquefied natural gas (LNG) industry is poised for a milestone year on the path toward establishing emissions measurements across the value chain, particularly in the United States, where suppliers have made progress in a way that could give them a commercial advantage.

European natural gas storage inventories are lower than previously reported after data published by Gas Infrastructure Europe (GIE) was revised late Monday to include missing information from Italian sites. GIE said in an update on its website late Monday that Snam SpA provided previously unreported data from its Stogit storage facility for a period running…

Natural gas production from the Groningen field in the Netherlands may nearly double from 3.9 billion cubic meters (Bcm) to 7.6 Bcm this year because of a request from Germany for additional supplies and a delay in the start-up of the Zuidbroek nitrogen facility.  Germany approached the Dutch government as the country “expects to need…

Warmer weather in Europe and Asia weakened competition for liquefied natural gas (LNG) cargoes and pushed prices lower as the week got underway. The Title Transfer Facility (TTF) climbed higher for most of last week, reversing declines that came with the end of December. The contract lost steam and closed lower Friday. The Japan-Korea Marker…

New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…

Liquefied natural gas (LNG) tankers previously en route to Asia are still diverting toward Europe as the western part of the continent continues to deal with reduced pipeline flows and low storage inventories that have supported high prices. After diverted LNG vessels made headlines last month, market research firm Kpler has continued to track 14…

Lifted by soaring prices, Royal Dutch Shell plc’s liquefied natural gas (LNG) trading results for the final three months of 2021 are forecast to be “significantly higher” sequentially, the European major said Friday.  The world’s largest LNG trader provided the outlook in an interim report ahead of quarterly and year-end results, which are set to…

Gazprom PJSC said in a report to Russian President Vladimir Putin last week that it continues to fulfill all contractual obligations for shipping natural gas to Europe, which has been desperate for the fuel this winter.  “As usual, Gazprom has been providing reliable gas supplies to our consumers in Russia and abroad,” said Gazprom’s Alexey…