RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-06-28 11:55:00

EUROPEAN GAS PRICES UPDOWN

EUROPEAN GAS PRICES UPDOWN

BLOOMBERG - June 28, 2022 - European natural gas prices fluctuated, with traders weighing the return of flows via Turkey against the risk of a further deterioration in supplies to the continent.

Gas shipments via the TurkStream pipeline resumed after maintenance ended on Monday, Russia’s Gazprom said on Telegram. The link, which has an annual transport capacity of 31.5 billion cubic meters, connects Russian gas reserves to the Turkish gas transportation network, as well as south and southeast Europe.

Traders are watching for any change in Russian gas flows to Europe, after Moscow earlier this month cut supplies through the Nord Stream pipeline to Germany by 60%, citing technical issues.

All eyes are now on how Europe will handle a complete halt on Nord Stream for maintenance from July 11-21. Germany is concerned that flows via the main route to Europe won’t return after the work is complete, with the possibility of Russia retaliating for sanctions related to its war in Ukraine.

The EU’s gas supply situation could worsen if Russia halts gas flows to the region in the coming weeks, Energy Commissioner Kadri Simson said Monday. The bloc’s projections show that while storage filling rates are currently on track to hit 90% by Nov. 1, a cut-off would bring that level to below 75%.

Group of Seven leaders are pushing for more actions to choke off the profits Russia makes from energy exports that are helping to fund the war. The nations are expected to announce that they will instruct ministers to explore implementing a price cap on Russian gas.

Meanwhile, Germany -- which relies on Russia for more than a third of its gas imports -- is seeking to import liquefied natural gas from Canada to help replace Russian supplies. German Chancellor Olaf Scholz used a meeting with Canadian Prime Minister Justin Trudeau on Monday to push for closer energy ties.

Dutch front-month gas futures, the European benchmark, rose 0.3% to 129.86 euros per megawatt-hour by 8:52 a.m. in Amsterdam, following an earlier decline. The UK equivalent fell by 2.3%.

-----


Earlier:

EUROPEAN GAS PRICES UPDOWN
2022, June, 23, 12:10:00
EUROPEAN GAS PRICES GROWTH
German Economy Minister Robert Habeck will enact the “alarm” phase of the plan when he speaks at 10 a.m. local time Thursday on energy and supply security.
EUROPEAN GAS PRICES UPDOWN
2022, June, 20, 12:20:00
EUROPEAN GAS PRICES RISE
Supply is likely to remain curbed with Gazprom PJSC’s chief Alexey Miller warning there’s no solution for now for issues with the gas turbines essential for the functioning of the pipeline.
EUROPEAN GAS PRICES UPDOWN
2022, June, 17, 13:35:00
EUROPE WITHOUT RUSSIAN GAS
In the worst-case scenario where the Nord Stream pipeline to Germany is shut totally, Europe will fail to reach storage levels the European Union has ordered by the start of the heating season in November. And the region could run out of stocks completely by January.
EUROPEAN GAS PRICES UPDOWN
2022, June, 17, 13:30:00
EUROPEAN GAS PRICES UP AGAIN
Eni SpA will receive just half of its requested gas volumes from Russia’s Gazprom PJSC on Friday, compared with about two-thirds the previous day.
EUROPEAN GAS PRICES UPDOWN
2022, June, 7, 11:15:00
RUSSIAN GAS FOR EUROPE IS STABLE
Russia's Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 40.1 million cubic metres (mcm) on Monday, unchanged from 40.1 mcm on Sunday.
EUROPEAN GAS PRICES UPDOWN
2022, June, 1, 10:55:00
RUSSIA SANCTIONS $285 BLN
Even with some countries halting or phasing out energy purchases, Russia's oil-and-gas revenue will be about $285 billion this year, according to estimates from Bloomberg Economics based on Economy Ministry projections.
EUROPEAN GAS PRICES UPDOWN
2022, May, 30, 11:35:00
EUROPEAN ENERGY DEADLOCK
The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline
All Publications »
Tags: EUROPE, GAS, RUSSIA, PRICE
Chronicle:
EUROPEAN GAS PRICES UPDOWN
2022, August, 15, 12:14:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
EUROPEAN GAS PRICES UPDOWN
2022, August, 15, 12:13:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia. The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
EUROPEAN GAS PRICES UPDOWN
2022, August, 15, 12:12:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
EUROPEAN GAS PRICES UPDOWN
2022, August, 15, 12:10:00
SAUDI ARAMCO NET INCOME UP TO $87.9 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income
EUROPEAN GAS PRICES UPDOWN
2022, August, 15, 12:05:00
U.S. RIGS DOWN 1 TO 763
U.S. Rig Count is down 1 from last week to 763, Canada Rig Count is down 2 from last week to 201.
EUROPEAN GAS PRICES UPDOWN
2022, August, 12, 09:10:00
OIL PRICE: BRENT NEAR $99, WTI NEAR $94
Brent fell 49 cents, or 0.5%, to $99.11 a barrel, WTI fell 50 cents, or 0.5%, to $93.84 a barrel.
EUROPEAN GAS PRICES UPDOWN
2022, August, 12, 09:05:00
OPEC OIL PRICE: $101.29
The price of OPEC basket of thirteen crudes stood at $101.29 a barrel
All Publications »