European natural gas is heading for its biggest streak of weekly gains this year, intensifying pain for industries and households and threatening to push economies into recession. Benchmark contracts fell on Friday after closing at a record high in the previous session. As Bloomberg reports, the market has tightened even more in recent weeks as […]
Tag: natural gas
PASOK-KINAL: The Solz move for the VAT on natural gas shows that we were right, while the government was letting us down
While the German government is proceeding with the drastic reduction of the VAT on natural gas from 19% to 7%, the ND government still refuses any reduction in fuel taxation, which in Greece is one of the highest in Europe, emphasizes in a statement the PASOK – Movement for Change. “The government staff, instead of […]
LNG Sakhalin-2: Russia asks buyers to pay Gazprombank in dollar
Russia has asked customers of the Sakhalin-2 liquefied natural gas (LNG) plant to pay for the quantities of LNG they supply to Gazprombank, putting them, including Japan and South Korea, in a quandary over the risk of sanctions, it said the Bloomberg agency. Sakhalin Energy LLC, the new administrator, sent settlement instructions to customers to […]
Natural gas expands its gains with a rise of 3.1%
European natural gas continues to move higher for another day as energy supply shortages continue to plague the region, amid signs that the fuel is becoming too expensive for industrial use and power generation, Bloomberg reports. Prices are about ten times higher than usual for the time of year as costs rise for households and […]
Natural gas expands its gains with a rise of 1.9%
LAST UPDATE: 14.01 European natural gas continues to move higher for another day as energy supply shortages continue to plague the region, amid signs that the fuel is becoming too expensive for industrial use and power generation, Bloomberg reports. Prices are about ten times higher than usual for the time of year as costs rise […]
Eastbound gas flows via Yamal-Europe pipeline up – Nord Stream steady
Eastbound natural gas flows through the Yamal-Europe pipeline to Poland from Germany rose on Thursday, operator data showed, while flows through Nord Stream 1 from Russia, which has cut the pipeline to 20 % of its capacity citing maintenance work, remained stable, according to the Reuters agency. Flows at the Mallnow measuring point on the […]
German regulator: Gas storage targets ambitious
Germany is likely to miss the government’s target for natural gas storage levels in November, the head of the country’s energy regulator, Bundesnetzagentur, Klaus Mueller, said on Thursday. Speaking to the German network t-online, Mueller warned that Europe’s largest economy has two difficult winters ahead of it, as reported by Reuters. It is noted that […]
Russia – Iran: An alliance on the brink of… oil
By Ariel Cohen The war in Ukraine forces Russia to reach out to rogue states: Belarus, Iran, North Korea and Venezuela, among others. This is probably not the multipolar world envisioned by Vladimir Putin, and before him by “geopolitical mastermind” Yevgeny Primakov – but that’s how it is. The Russian president met his Iranian and […]
Russia predicts that the price of natural gas will more than double in 2022
LAST UPDATE: 14.53 Russia expects the average price of exported natural gas to more than double this year to $730 per 1,000 cubic meters before falling gradually by the end of 2025 as pipeline gas exports decline, according to Economy Ministry forecasts seen by Reuters. . Natural gas flows from Russia, Europe’s top supplier, have […]
The natural gas rally hits the ‘brake’ with losses of 1.3% – Oil is up
European natural gas is moving downwards on Wednesday, after the rally caused by the particularly hot summer with the increased demand for fuel and a decrease in Russian supplies, as noted by the Bloomberg agency. Storage across the region is 75% full, in line with the five-year average, providing some relief ahead of peak winter […]