Turkey’s state gas company has received a €925 million ($929 million) loan from Deutsche Bank to finance purchases of liquefied natural gas (LNG) in a bid to reduce the country’s dependence on Russian energy imports, such as Bloomberg reported. The three-year loan will allow Boru Hatlari ile Petrol Tasima AS, or Botas, to buy LNG […]
Tag: LNG
Germany is in talks with Shell for supplies of LNG to replace Russian natural gas
Germany is in talks with some of the world’s top liquefied natural gas (LNG) suppliers, including energy giant Shell, to replace Russian fuel with alternative supplies, Bloomberg reported. The German government, which aims to start importing LNG this winter, is in talks with several companies for long-term supply contracts, people with knowledge of the matter […]
25% cut in the supply of Russian gas to Greece
By Haris Fludopoulos At a time when the whole of Europe is living with the uncertainty of the continuation or not of the supply of Russian natural gas, Greece, as shown by the official market data from the gas system manager DESFA, can look to the future with more optimism. And this is because, according […]
Russia: The Ministry of the Interior strongly supports the idea of ​​selling LNG in rubles as well
Russian Finance Minister Anton Siluanov, in an interview published today, strongly supports Gazprom’s proposal to extend the practice of selling liquefied natural gas (LNG) in the national currency, the ruble, in addition to natural gas transported through pipelines . Asked about Gazprom’s proposal, Mr Siluanov told the Ventomasti newspaper that “we support it in every […]
Kalogiratos (Capital Product Partners): The strategic role of Greek-owned shipping in LNG transport
The CEO of Capital Product Partners LP Mr. Jerry Kalogiratos participated in the Economist’s 26th Annual Government Roundtable. In a comprehensive discussion on “Regional Strategic Partnerships in Energy” with the participation of the Minister of Energy and Environment Mr. Kostas Skrekas, Osama Mobarez, G.G. of the East Mediterranean Gas Forum as well as top executives, […]
Parliament: The contract to expand the underground reservoir in southern Kavala was sanctioned
With the Minister of Environment and Energy, Kostas Skrekas, speaking of an important investment, “which, if carried out, will support the country’s energy sector and ensure the adequacy of supply in critical moments such as today”, the expansion contract was ratified by an enlarged majority of the underground reservoir in southern Kavala to the current […]
The natural gas rally continues – At 173 euros per megawatt hour
European natural gas prices rose to their highest level in nearly four months on supply concerns amid the worst energy crisis in decades, according to Bloomberg. European energy markets are in turmoil with Russian supplies at multi-year lows, coupled with fierce competition for liquefied natural gas (LNG) with Asia, where prices have soared to record […]
Natural Gas ‘Jump’ 700% Since Last Year – Driving Force of the New Cold War
One morning in early June, a fire broke out at an unknown LNG facility in Texas from where it is shipped overseas. It was extinguished in about 40 minutes. No one was injured, Bloomberg notes. It sounds like a story for the local press, except that more than three weeks later, the economic and political […]
Gazprom’s proposal to include LNG in the ‘rubles for natural gas’ scheme
The inclusion of liquefied natural gas in the “ruble for natural gas” scheme, which was imposed by Putin’s decree in March, has been proposed by the Russian energy giant Gazprom, according to a senior executive of the company cited by the Interfax news agency. The proposal by Kirill Polous, deputy head of Gazprom’s LNG division, […]
Meeting on energy: A positive message for energy sufficiency in the country
By Haris Fludopoulos Greece presents one of the lowest supply sufficiency risks in Europe provided LNG is available. This is the main conclusion of the extraordinary meeting of the agencies held today at the Ministry of Energy under the responsible minister Kostas Skrekas. “If lignites work and with the parallel possibility of working gas-oil plants, […]
