Benchmark futures rose as much as 2.4% on Monday. The market has been sensitive to geopolitical events and outages this summer, even with storage sites exceeding targets ahead of Europe’s heating season.

Demand for natural gas will remain strong despite government and company efforts to zero out emissions by mid-century,

Early winter procurement has become increasingly competitive since Europe started replacing its pipeline gas imports with LNG following the Ukraine crisis.

European natural gas prices posted a double-digit advance for a second consecutive week after fears of possible disruptions to Russian fuel supplies crossing Ukraine.

Benchmark futures settled 2.2% higher at €32.48 a megawatt-hour Friday after slumping a day earlier. The contract also posted a second straight weekly gain.

Saudi Arabia has some of the biggest gas reserves in the world. Development of the Jafurah field, estimated to hold 200 trillion cubic feet of gas, is expected to cost $100 billion and boost the firm’s gas production more than 60% by 2030.

In the conclusion of the St.Petersburg International Economic Forum,it is clear and evident that Russia has its hands firmly on the global economic growth steering wheel.Their calibration on the global compass remains top notch and success is all for the taking.

With piped gas supplies cut off after the war, imports of LNG from Moscow increased to around 18 billion cubic meters in 2023 from less than 14 billion cubic meters before the attack, according to EU data.

The synergy between carbon-based fuels and renewables in energy trading, facilitated by innovative policies and supported by advanced software technology, offers transformative opportunities for the energy sector.

Gazprom, which holds about 16% of global gas reserves and employs 492,200 people, was once one of Russia's most powerful corporate empires - so powerful it was known as "a state within the state".

the world’s 60 largest lenders had provided around $705bn in financing in 2023 alone.

The annual predefined areas (APA) rounds of exploration acreage are central to Norway's strategy of extending its oil and gas production, a policy fiercely opposed by environmentalists.

The Indian government, earlier in 2024, issued an order applicable between May 1 and June 30 to increase power generation from gas-based power plants in anticipation of a power crunch this summer season.

Even as China has dramatically ramped up wind and solar in recent years, its power demand, including from electric vehicles, continues to outpace new supply, creating an ever greater need for fossil fuels.

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета прогнозируется в мае 2024 года в размере 183,58 млрд руб.