European LNG demand

Algeria Signs Series of Deals to Strengthen Role as Top European Natural Gas Supplier

Algeria Signs Series of Deals to Strengthen Role as Top European Natural Gas Supplier

Algeria’s Sonatrach has signed several agreements this year with foreign investors to help boost the state-owned company’s oil and natural gas output under a plan introduced last year. The company has entered several memorandums of understanding (MOU) this year, including with Eni SpA and Equinor ASA to further explore the In Salah and In Amenas…

May 14, 2024
EU Parliament Exploring Ban on Re-Exporting Russian LNG from Bloc’s Ports

EU Parliament Exploring Ban on Re-Exporting Russian LNG from Bloc’s Ports

The European Commission (EC) this week is considering a ban on transshipments or re-exports of Russian LNG through European Union (EU) ports as part of Brussels’ latest sanctions package.  The UK, Poland, Estonia, Latvia, Lithuania, and Germany have banned Russian liquified natural gas imports, but an EU-wide ban on Russian LNG imports is not included…

May 7, 2024
Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices

Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices

Equinor ASA expects competition for LNG with Asia and weather to be the largest drivers of European natural gas prices as markets continue to shift, creating a floor for global benchmarks. After another mild winter helped Europe exit its second heating season without major Russian pipeline gas supplies and sizable storage inventories, CFO Torgrim Reitan…

April 26, 2024
Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market

Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market

NO. 1: A gas leak at the Hammerfest LNG export terminal in Norway that occurred during maintenance has shut the plant down until Friday. The facility, which is operated by Equinor ASA was evacuated Tuesday, and the leak has since been stopped. The cause is under investigation. Hammerfest is Europe’s only large-scale export terminal. It…

April 25, 2024
EU Energy Watchdog Says LNG Demand Could Peak This Year

EU Energy Watchdog Says LNG Demand Could Peak This Year

The European Union’s (EU) LNG demand is likely to peak this year and buyers on the continent are likely to be over-contracted by 2030 as efforts to displace Russian natural gas over the last two years have been successful, according to the bloc’s energy watchdog.  Since 2022, when Russia invaded Ukraine and cut off gas…

April 24, 2024
Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports

Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports

The Netherlands is expected to permanently close the huge Groningen natural gas field, the Dutch Senate announced this week. Groningen, one of the largest gas fields in Europe, caused earthquakes and damage to local communities for more than 20 years, which created debate among politicians, local residents and gas industry supporters for years about whether…

April 19, 2024
Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe

Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe

Equinor ASA is phasing out gas-fired generation in one of its most prolific natural gas production hubs in favor of electricity as it looks to increase both the sustainability and the lifespan of its North Sea operations. Norway’s Equinor disclosed that its offshore facilities at the Sleipner field and the adjacent Gudrun platform had been…

April 16, 2024
EU Grants Members Option to Block Russian LNG Imports

EU Grants Members Option to Block Russian LNG Imports

European Union (EU) lawmakers approved new rules that would allow member countries to limit LNG imports from Russia as cargoes continue to hit Europe’s ports in record numbers. Under the new gas market regulations, countries could legally block Russian exporters from being able to bid on liquefied natural gas import or storage capacity. “We have…

April 12, 2024
Loveless Day for Natural Gas Futures as March Tanks Amid Heartless Fundamentals

Loveless Day for Natural Gas Futures as March Tanks Amid Heartless Fundamentals

March Nymex natural gas futures sank another 8.0 cents as the market searched for a low that would coax producers to trim output amid dashed hopes for enough cold weather to tighten supplies ahead of the shoulder season. At A Glance: March futures crumble 8.0 cents No demand support from weather Producer signals strong output…

February 14, 2024
Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says

Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says

Shell plc has tempered its expectations for peak LNG demand over the next two decades, but the top natural gas trader still expects the current buildout of export capacity led by the United States to fall short of rising global consumption driven by Asia. In its latest liquefied natural gas market outlook, the London-based integrated…

February 14, 2024
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