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]
Russia has racked up a staggering €550 billion in revenue from fossil fuel exports since the start of the full-scale invasion of Ukraine. Source: Center for Research on Energy and Clean Air (CREA) Details: CREA estimates that EU countries purchased over €180 billion worth of fossil fuels from Russia during this period.
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]
The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel, Oxford Institute of Energy Studies (OIES) said.