Category archives for gas

Increased natural gas production in Norway to compensate Europe for Russian supplies Oil is down about 3%.

  • 23 June, 2022
  • 2:03 pm EEST

Norway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent's needs. Europe is the…

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LNG tanker rental rates reach record levels Amidst the rising demand

  • 15 June, 2022
  • 4:31 pm EEST

Spot market prices for LNG tankers this week set annual records, with more long-term leases; This limited the supply of ships to the spot market. This was caused by increased demand for LNG and buyers' shunning of Russian cargo and…

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Turkey uses Azerbaijani gas to face the energy crisis Through a deal to import 11 billion cubic meters for 3 years

  • 24 May, 2022
  • 4:05 pm EEST

Many countries, led by Turkey, are seeking to secure their natural gas needs by concluding agreements and contracts with producing countries, after gas prices in the spot market witnessed record increases during the recent period. In this context, the Turkish…

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Shell resumes operations of the world’s largest floating LNG plant

  • 12 April, 2022
  • 2:44 pm EEST

Today, Shell International resumed shipment of liquefied natural gas (LNG) from the Prelude facility, the world's largest floating LNG terminal, located off northwest Australia, after a 4-month shutdown due to a major blackout. A Shell spokesman said that a shipment…

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U.S. natgas on track for highest close since 2008 on rising heating demand

  • 11 April, 2022
  • 5:44 pm EEST

Because of rising heating demand, the price of natural gas in the United States is set to reach its highest level since 2008. On Monday, U.S. natural gas futures rose about 5%, putting the contract on track for its highest…

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