Ion Sterian, the general director of Transgaz, stated in Greece that he is interested in becoming a shareholder of the company that operates the liquefied gas terminal at Alexandropoulis. He also said that there is a consensus among the states in the area for the expansion of the non-Russian gas transport capacity – the so-called […]
Botas, the Turkish state energy company, and the British oil group Shell will sign, on Monday, a long-term liquefied natural gas supply agreement, the Ministry of Energy of Turkey informed, reports Reuters. In May of this year, Botas initialed an agreement with the American group ExxonMobil on the supply of liquefied gas for a period […]
After a delay of half a year, the long-awaited LNG terminal in the Greek port of Alexandroupolis will be put into operation on October 1, according to the Bulgarian Minister of Energy, Vladimir Malinov, quoted by the specialized press The Bulgarian energy minister has received assurances that the technical problem at the floating storage and […]
In July 2024, Europe imported 1.5 million tons of liquefied natural gas (LNG) from the United States and 1.3 million tons from Russia, according to Bloomberg data. As of July 2024, Russia was close to surpassing the United States as Europe’s largest LNG supplier, despite efforts by politicians in the region to block supplies of […]
The European Union (EU) targets a ban on Russian fuel imports by 2027. However, nearly half of Russia’s pipeline gas supplies to Europe and Moldova are still passing through Ukraine, totaling 13.7 billion cubic meters (Bcm) in 2023. As the EU discusses the possibility of involving Azerbaijan in a future transit deal, the current five-year […]
International oil majors such as Shell, BP and TotalEnergies, as well as Japan’s Mitsui & Co, have each agreed to buy 10 percent of a new giant LNG project in the United Arab Emirates, sources familiar with the situation told Bloomberg. . International firms will invest in Abu Dhabi national oil company ADNOC’s Ruwais LNG […]
Gas importers from Greece and beyond have canceled numerous slot bookings they had made at the liquefied natural gas (LNG) terminal of Greece’s gas network operator DESFA on Revythoussa Island off Athens, according to trade media . The Revithoussa terminal was in high demand until recently, as evidenced by the prices carriers paid for slots, […]
Since the beginning of Russia’s aggression against Ukraine, Europe and its allies have sought ways to reduce Moscow’s fossil fuel revenues without causing higher energy costs for its own citizens. The latest plan: to ban the use of European Union ports for the re-export of liquefied natural gas (LNG), Bloomberg reports in an analysis that […]
Turkey’s state-owned natural gas network operator BOTAŞ has signed a long-term contract to purchase liquefied natural gas (LNG) with American giant ExxonMobil, according to Reuters. According to the signed contract, BOTAS will receive up to 2.5 million tons of LNG per year from ExxonMobil, for a period of 10 years. In a social media post, […]
Turkey is negotiating with US energy company ExxonMobil to conclude a multi-billion dollar deal to purchase liquefied natural gas. Ankara is trying to limit its dependence on Russian energy carriers. Turkish Energy Minister Alparslan Bayraktar said in an interview with the Financial Times that the talks are taking place against the backdrop of improved relations […]
The European Union is preparing to address the issue of gas imports from Russia to Europe, amid discussions about a new package of sanctions against Russia, according to the specialized media. “We will be careful to include both a ban on liquefied natural gas imports and measures to limit the Russian ghost fleet. The adoption […]
Romania wants to become a shareholder in Gastrade, the consortium that manages FSRU Alexandroupoli. More precisely, he wants 10% of the share capital of the company that developed and will operate the new floating unit for “receiving” LNG ships, according to Insider.gr. Most likely, Romania will take over shares through the state company Transgaz, which […]
Natural gas prices have plunged as the world grapples with an oversupply after a warmer-than-expected winter. The recent heyday in liquefied natural gas boosted prices and profits, spurring a wave of investment in the sector. More than 150 million tonnes per annum worth of LNG capacity is currently under construction, marking a “record wave of […]
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