DIRS.INFO The most relevant business & tech news

LONDON/MADRID, Oct 17 (Reuters) - Dozens of ships carrying liquefied natural gas (LNG) are circling off the coasts of Spain and other European countries unable to secure slots to unload because plants that convert the seaborne fuel back to gas are full. There are also LNG vessels at anchor near other European countries which could mean dozens more are waiting, one source with knowledge of the situation said. "If more cargoes were being produced companies might not be able to leave their ships waiting around so long," he said. If the backlog is not cleared soon those ships may start looking for alternative ports outside Europe to offload their cargo. The lack of pipeline infrastructure means that this gas cannot be transported to other European countries.

SummarySummary Companies Chevron sees continuing strong demand for LNG in EuropeEurope's high prices to lure most U.S. LNG in the short termChevron expected to boost Permian Basin output 15% this yearLONDON, Oct 12 (Reuters) - U.S. oil major Chevron Corp (CVX.N) expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top executive told Reuters on Wednesday. Its commitment to building import terminals and regasification facilities shows the region's demand for U.S. exports could last. The major also produces LNG in Australia and Angola, and recently carved out a foothold in U.S. LNG through purchase agreements with LNG producers Cheniere Energy Inc (LNG.A) and closely-held Venture Global LNG. "Gas demand in the United States is roughly flat," said Parfitt. "What's growing in the United States is demand for exports," he said.

Any hope of the Nord Stream network resuming shipments to Germany was dashed last month by suspected sabotage. Even then, it is unlikely to make up for the missing Russian gas. A risk is that as energy supplies dwindle, energy demand will not shrink enough. European industrial gas demand has fallen as high gas prices have led factories in energy-intensive sectors such as aluminium, steel and ammonia, have shut production. Europe can't afford any surprises this winter without Russian gasA more comfortable energy supply situation could be many winters away.

☆ Europe makes sharp U-turn from green energy - Qatar energy minister
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

Sept 29 (Reuters) - QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are "weighing painfully" on the global economy, dampening support for the transition to green energy. "Sadly, the growing economic burden has fizzled the euphoria over the series of energy transition plans, causing severe erosion in public support for reducing carbon emissions," Kaabi told a liquefied natural gas (LNG) conference in Japan. "Many countries particularly in Europe which had been strong advocates of green energy and carbon-free future have made a sudden and sharp U-turn. Analysts estimate Europe will need to import around 200 million tonnes of LNG over the next decade to phase out Russian gas. Kaabi stressed the need to invest in cleaner and renewable energies, including natural gas, to drive capacity and baseload capabilities.

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. The global LNG market has more than doubled in size since 2011, ushering in dozens of new entrants and the expansion of smaller players in Asia. The capital needed to trade the market soared after benchmark LNG prices rose from record lows below $2 per million British thermal units (mmBtu) in 2020 to highs of $57 in August. LNG spot prices price stood at $40.50/mmBtu then. 'DIFFICULT TO COMPETE'High LNG cargo prices are also widening energy poverty globally as some cargoes, initially destined for poorer nations, end up being diverted to European buyers.

The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo SchmuelgenLONDON/FRANKFURT, Sept 19 (Reuters) - German utilities RWE (RWEG.DE) and Uniper (UN01.DE) are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help replace Russian gas, three sources familiar with the matter said. Qatar Energy did not immediately respond to a request for comment. Uniper told Reuters on Monday that it remained in talks with Qatar but had not reached a deal. read moreGULF TRIPAt the moment, the two utilities buy LNG from Qatar on the spot market.

Search resuls for: "Marwa Rashad"

6 mentions found