Russia gas transit via Ukraine slumps to near 30-year low

06/05/2020 11:00 Natural Gas


Russian gas transit shipments to Europe via Ukraine declined 47% in January-April, its lowest in nearly 30 years, as Russia redirected volumes through the new Turkstream pipeline, TSO of Ukraine (TSOU) data showed on Tuesday.

The volume was the lowest for a January-April period since Ukraine gained independence from the Soviet Union in 1991, at 15.2bcm, data showed.


TSOU director Sergiy Makogon attributed the decline to the launch of the Russia’s 31.5bcm Turkstream gas pipeline in January, which links Russia with Turkey and southern Europe via the Black Sea.


Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.


Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.


Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.