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European Gas Conference

European Gas Conference
energycentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energycentral.com Daily Mail and Mail on Sunday newspapers.

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Is Another LNG Glut Looming? | OilPrice.com

Is Another LNG Glut Looming? | OilPrice.com
oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.

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Gazprom Sees Record Non-FSU Sales

Gazprom Sees Record Non-FSU Sales
Feb 1, 2021 9:55:am
Summary
Gas demand has surged because of cold weather, and LNG supplies have been diverted from Europe to Asia, giving Gazprom a clear run.
by: Joe Murphy
Posted in:
Gazprom Sees Record Non-FSU Sales
Russia s Gazprom set an all-time record for gas sales to European countries beyond the former Soviet Union in January, the company reported on February 1.
Supplies reached 19.4bn m
3 in the month, up 45.4% year on year. Germany increased purchases by 32.4%, Italy by 221.5%, Turkey by 20.8%, France by 77.3%, the Netherlands by 21.2% and Poland by 89.9%. Sales to China via the Power of Siberia continued to rise, surpassing contractual volumes by 2.5%. ....

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New LNG projects will start going ahead, but green credentials to be closely watched: execs

New LNG projects will start going ahead, but green credentials to be closely watched: execs
Companies will press ahead with some new liquefied natural gas (LNG) projects despite pressure on lenders to divert funding from fossil fuels, industry executives said at the annual European Gas Conference, but scrutiny of their environmental standards will be tight.
Several LNG projects have been delayed or cancelled in recent years due to weak gas prices and worries about oversupply.
While prices have recovered somewhat as Asian demand picks up, lenders also face growing calls to starve fossil fuel projects of finance due to pressure to meet climate change targets. ....

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New LNG projects will start going ahead, but green credentials to be closely watched: execs

3 Min Read
LONDON (Reuters) - Companies will press ahead with some new liquefied natural gas (LNG) projects despite pressure on lenders to divert funding from fossil fuels, industry executives said at the annual European Gas Conference, but scrutiny of their environmental standards will be tight.
Several LNG projects have been delayed or cancelled in recent years due to weak gas prices and worries about oversupply.
While prices have recovered somewhat as Asian demand picks up, lenders also face growing calls to starve fossil fuel projects of finance due to pressure to meet climate change targets.
Mark Gyetvay, chief financial officer and deputy chairman of the management board of Russian gas producer Novatek, told the conference, held virtually, that by the end of the decade, the LNG market will be 150 million tonnes short on the supply side. ....

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