Russia

Algeria is keeping its promise to supply Europe with additional natural gas as the continent continues replacing Russian imports.  Algeria LNG exports reached record highs during the first nine months of this year, increasing 35% year-over-year to 9.94 million tons (Mt), according to Kpler data.  Algeria liquefied natural gas exports are being supported by a…

Future prospects for Russia’s largest natural gas producer, Gazprom PJSC, are challenging as it works to outpace both foreign sanctions and domestic competition from independent firms. Unhappy over the Kremlin granting an LNG export license to Russia’s second largest natural gas producer, PAO Novatek, Gazprom told Russian regulator’s the Murmansk liquified natural gas project would…

Europe continues to rely on Russian LNG imports to compensate for the decline in pipeline deliveries from the country, despite calls to ban the super-chilled fuel.  For the first eight months of the year, Russian liquefied natural gas exports totaled 20.58 million tons (Mt), according to Kpler. The European Union’s (EU) 27 countries imported more…

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…

European Commission (EC) officials have called the bloc’s Aggregate EU joint natural gas purchasing platform a success after closing the second tender, but market participants and analysts are still calling for more information around contracts. Out of the nearly 12 Bcm matched in the second tender, liquefied natural gas accounted for 5.5 Bcm and the…

Moscow has revised its gas strategy repeatedly since western sanctions were placed on Russia last year after it invaded Ukraine, and it is counting on Asia as an export destination to replace the loss of Europe’s 150 billion cubic meter (Bcm) market. The Russian government revised pipeline export targets last month to increase deliveries to…

The Indian economy was not immune to the economic slowdown caused by the global pandemic in 2020. As in many countries, lockdowns led to a spike in unemployment and quick drops in most measures of economic activity.

Turkey is moving forward with plans for a regional LNG hub that could potentially exclude Russia as a partner. Reduced European gas demand, a recent offshore gas discovery and new liquefied natural gas supplies have helped reduce Russian pipeline imports –  a sign that the Turkish government may have an alternative gas strategy. During the…

Global natural gas markets were calm Monday despite a brief armed rebellion in Russia over the weekend that called into question President Vladimir Putin’s grip on power. “The market seems to be reacting very little to events in Russia,” said Engie EnergyScan analysts. “One might say that this is to be expected, given that the…