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European gas prices set to slump

Earlier this month analysts sounded the alarm for European natural gas prices when it turned out that a lot of Asian buyers are turning down LNG cargoes and Europe is taking these in, filling up its storage space. Now, everyone seems to be wondering when prices will bottom out, if they will bottom out at all.

read more... 19/02/2020

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Italy Overtakes Turkey Among Top Russian Gas Buyers in 2019

Italy overtook Turkey as Gazprom’s second-biggest buyer of natural gas last year, the Russian company said.

read more... 17/02/2020

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Russia’s Gazprom says global LNG glut pressures global gas prices

Excessive supplies of liquefied natural gas (LNG) as well as brimming storage have put pressure on natural gas prices in Europe and Asia, dimming forecasts for exports, Russian gas giant Gazprom said on Thursday.

read more... 14/02/2020

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Lithuania could take 'legal measures' to restrict Russian gas imports

A small amount of Russian gas doesn't pose a threat to the country's energy independence, according to the Lithuanian energy minister, after a report by Lithuanian intelligence bodies said Russian supplies pose a risk to national security.

read more... 05/02/2020

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Romania's Romgaz to hire advisor on possible buy of ExxonMobil stake in Black Sea project

BUCHAREST (Romania), February 5 (SeeNews) - Romanian natural gas producer Romgaz [BSE:SNG] said that it is seeking the approval of its shareholders to hire an advisor on the possible acquisition of a stake in Neptun Deep offshore gas project in the Black Sea held by ExxonMobil.

read more... 05/02/2020

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