Ukraine insisted on a complete revision of its gas supply deal with Russia and would not be swayed by offers of discounts, Prime Minister Arseny Yatsenyuk said here Wednesday. "We still adhere to our old position: we should revise the ...
Tags: Gas Supply, oil
Despite its many advantages, natural gas is losing ground globally to its rivals while buyers and sellers struggle to agree on what constitutes a fair price, the International Energy Agency said in a report published Tuesday. In its ...
Tags: Natural Gas, Coal
German utility group E.ON and Qatari producer RasGas have signed a three-year flexible deal to deliver up to 2 billion cubic meters of LNG over the term of the deal from Qatar to the UK's Isle of Grain LNG import terminal, where E.ON has ...
Tags: RasGas, LNG contracts
The UK gas market was short of supply during the morning Wednesday with demand above seasonal norms as the country stepped up exports to the Continent. At 11:00 am London time, the UK NBP within-day contract was valued at 44.20 ...
Tags: gas market, pipeline
Ukrainian gas company Naftogaz and Russian gas company Gazprom are considering an EU proposal where Naftogaz pays Gazprom $2 billion by Friday in exchange for talks on a new gas price and no prepayment in June, the European Commission said ...
Tags: EU energy, Russian Gas
Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...
Tags: oil production, Oil Output
Russian gas giant Gazprom has reached a preliminary agreement with China on a $25 billion prepayment for Russian natural gas delivered under the 30-year supply deal signed this week, deputy CEO Alexander Medvedev said Friday. "An advance ...
Russia's president, Vladimir Putin, is set to put his problems with Europe behind him for a few days on a visit to Beijing. Putin hopes to return to Moscow with a slew of energy deals, including a pipeline gas supply deal with China for ...
Tags: Russia, Mega-Gas Supply
European spot prices were rangebound Monday, with contracts generally finding support around Friday's closing levels as gas supply turns up to meet higher demand. Day-ahead gas contracts on the Dutch TTF hub have traded in a ...
Tags: European spot markets, Gas
Bangladesh will ink an initial agreement in end-May with the US consortium comprising Astra Oil and Excelerate Energy for building the country's first LNG import terminal at Moheshkhali Island, a senior Petrobangla official said Friday. ...
Tags: LNG Import Terminal
Some supply tightness caused Thursday's gains to be extended Friday on the UK's NBP trading hub, providing a further break for what has been largely a bearish market. At 11:00 am London time, the within-day contract was valued at 47.80 ...
Tags: Bearish Market, LNG
LNG volumes coming on stream from countries including the US and Australia in the next few years could lead to a progressive convergence of global gas prices and more LNG imports into Europe as well as the Far East, US Energy Secretary ...
Tags: LNG Exports, LNG market
Prompt prices on the Dutch and German gas markets fell further Wednesday as healthy storage inventories and rising temperatures hit demand, while higher Norwegian flows also weighed on the market. At midday UK time, the day-ahead gas ...
Tags: gas markets, German storage
India's natural gas demand is forecast to more than double to 516.97 million cubic meters/day in fiscal 2021-22, according to a report commissioned by an oil ministry regulatory body. Demand in fiscal 2016-17 is forecast at 378.06 million ...
Tags: Natural Gas, natural gas demand
Spain exported more LNG than it imported for the first time ever in the week ending Sunday as 430,400 cubic meters was reloaded onto tankers, data from gas grid operator Enagas showed Monday. Three tankers were reloaded during the week, ...
Tags: LNG Exporter, LNG