Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Europe has woken up to LNG demand as a means to provide energy security, even while such a move appears out of step with countries’ net zero commitments.
TotalEnergies CEO Patrick Pouyanné has stood up, once more, for the company’s values – but defended the purchases of Russian LNG.
The US and its partners will send an additional 15 billion cubic metres of LNG to Europe this year, US President Joe Biden has said.
Shell has struck a memorandum of understanding (MoU) to provide LNG to the Brunsbüttel terminal in Germany.
QatarEnergy (QE) has held talks with German officials in preparation to begin sending LNG to the northern European country.
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
RWE has flagged energy security concerns as driving the need for more green business – although raising the prospect of restarting coal power plants in the near term.
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
Predator Oil & Gas has touted its potential impact on European energy security, as it advances LNG plans and moves into hydrogen.
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
Tree Energy Solutions (TES) is accelerating its plans to develop a “green gas” import hub in the German port of Wilhelmshaven.
Germany pledged new support for liquefied natural gas (LNG) terminals, the latest sign it’s willing to retool its energy policy in the wake of Russia’s invasion of Ukraine.
It is unlikely that Europe will agree to cutting gas flows from Russia, but the invasion of Ukraine has had a clear impact on security of supply considerations.
If the disruption to Russian gas deliveries spread beyond flows through Ukraine to include all Russian pipeline exports to Europe, liquefied natural gas (LNG) imports alone would not be able to meet the shortfall and additional supply levers would be required, the latest analysis from IHS Markit shows. Under such an extreme scenario mothballed coal and nuclear power would need to be restarted.
Japan will make sure its own energy demands are met before aiding Europe with shipments of liquefied natural gas (LNG) in the event conflict erupts over Ukraine, according to the nation’s trade minister.
The Biden administration and European allies are searching the world for surplus natural gas to send to Europe in the event conflict erupts over Ukraine, including approaching China about its supplies, according to people familiar with the matter.
Gastrade has taken the final investment decision (FID) for the Alexandroupolis LNG terminal.
European natural gas slumped as a top LNG importer in China prepares to flood the market with fuel that could further ease supply concerns in the continent.
Russian gas independent Novatek has struck a deal to secure renewable energy supplies for its Cryogas-Vysotsk LNG plant.
GIIGNL has launched what it calls a comprehensive framework to provide carbon emission data from LNG cargoes.
Margin calls stemming from the gas market have not pushed Gunvor to the brink, the trader said.
Novatek shares dropped the most in about 16 months after the arrest of Deputy Chief Executive Officer Mark Gyetvay on tax charges in the US.