The German government announced today the construction, also in cooperation with the French company Engie, of a fifth floating liquefied natural gas (LNG) station, as Berlin tries to reduce its dependence on Russian natural gas. The new terminal will have a capacity of at least 5 billion cubic meters and is expected to be operational […]
Tag: LNG
Japan’s JERA has signed an agreement with Russia to continue supplying LNG from the Sakhalin-2 project
Japan’s JERA has signed an agreement with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term supplies of liquefied natural gas (LNG), a spokesman for Japan’s largest energy producer said today, Reuters reported. Russian President Vladimir Putin signed a decree in June taking over the project, creating a new legal entity […]
Scholz: Canada and its LNG are Germany’s choice for weaning off Russian gas
Germany hopes that Canada’s liquefied natural gas will play a “pivotal role” in the country’s exit from the dominance of Russian gas imports, Chancellor Olaf Scholz said on Tuesday from Toronto, as part of his two-day visit to the North American country. . “As Germany moves rapidly away from Russian energy sources, Canada is our […]
Trudeau to Solz: It is not easy to export LNG to Germany
Canadian Prime Minister Justin Trudeau acknowledged Monday that exporting liquefied natural gas (LNG) to Germany is not easy, even as the European country looks to diversify its sources of supply to reduce its dependence on Russia. At a press conference in Montreal with German Chancellor Olaf Scholz, Trudeau downplayed the possibility of LNG exports from […]
Mozambique begins first LNG exports in its history amid energy crisis
Mozambique is expected to ship its first-ever cargo of liquefied natural gas (LNG) abroad, joining the club of global exporters of the natural term at a time when the global energy crisis is pushing prices to record highs. The LNG tanker British Mentor, operated by BP, is expected to arrive on August 24 at a […]
Russia’s LNG program in the Arctic has become dependent on Turkey
The unprecedented industrialization of the Arctic that has unfolded in recent years along the shores of Russia’s remote Gulf of Ob is facing serious problems that are an extension of Russia’s war against Ukraine and the subsequent imposition of Western sanctions. Novatek’s major liquefied natural gas projects in the region are heavily dependent on Western […]
Record LNG imports in the two months of August – September
By Haris Fludopoulos Within a period of 2 months in August and September, 16 cargoes of liquefied natural gas LNG are to arrive at the Revythoussa terminal, as the demand for the fuel remains high within the Greek market while large quantities are expected to be exported to Bulgaria. During the two months, total quantities […]
Reuters: Uniper plan to swap Australian LNG for US to supply Europe
Germany’s Uniper is ready to swap liquefied natural gas (LNG) supplied by Australia’s Woodside for US natural gas so it can boost Europe’s supply more quickly during the coming winter, according to a Reuters report. The strategy comes as companies and governments across Europe scramble to find alternative energy supply solutions and draw up contingency […]
Germany is intensifying its search for LNG suppliers around the world
Germany’s RWE is in talks with a large number of liquefied natural gas (LNG) suppliers, not just in Qatar and North America, its chief executive Markus Kreber said, as Germany’s biggest energy producer steps up efforts to replace supplies of Russian natural gas. As Reutes reports, earlier this year RWE said it was in talks […]
Standard Chartered: European stocks short-circuit Putin’s energy weapon
Europe’s natural gas stockpile build is about nine weeks ahead of the same period last year, limiting the pressure Russian President Vladimir Putin can exert on his country’s exports. “EU natural gas stocks are still growing relatively strongly, despite the fact that Russia has reduced flows through the Nord Stream pipeline to just 20% of […]