A lack of progress on the Power of Siberia 2 pipeline following the latest meeting between Vladimir Putin and Xi Jinping in Beijing chips away at the picture of unshakeable unity and strength both leaders have sought to project under their “no limits” friendship. [Gas in Transition, Volume 3, Issue 10]
Europe and the LNG market look in good shape to weather this winter. Moreover, the expansion of regasification capacity globally, suggests LNG’s value as a key component in mitigating Europe’s energy crisis is gaining more weight than the risk of temporary exposure to price volatility. [Gas in Transition, Volume 3, Issue 10]
This year’s revival in Chinese gas consumption will extend into the upcoming winter that is tracking to be warmer than usual, but stronger pipeline flows from Russia and Central Asia will check seasonal LNG import growth. [Gas in Transition, Volume 3, Issue 10]
By John Lee. Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year for five years, according to a deal agreed in Ashgabat on Wednesday. The gas will be transported via Iran in what state-run Turkmengaz describes as a swap scheme. Iraq's Ministry of Electricity confirms the meeting, but makes no
Europe's record gas inventories continue to climb even higher as a warm start to autumn delays the onset of heating demand while high prices discourage industrial use and encourage continued imports.
Egypt's natural gas imports fell to zero from 800 million cubic feet (mcf) per day, leading to more power cuts, the Egyptian cabinet said in a statement.
A tanker seeking to fill up liquefied natural gas (LNG) at a terminal in Egypt left empty and diverted to another port, after an Israeli pipeline supplying gas was halted due to Israel-Hamas conflict, analysts said on Thursday.