All regions in Japan are forecast to experience temperatures below the 30-year average over the next month from Dec. 7, the Japan Meteorological Agency said Dec. 5, boosting demand for power generation and heating. The latest month-long weather forecast follows a Nov. 28 weather outlook forecasting...
General Energy News
German gas levy limbo raises risk of higher costs for edgy neighbours
The collapse of Germany’s governing coalition risks delaying a draft law on waiving a costly gas storage levy for foreign buyers from next year and raising tension with European neighbours that face higher prices. Supply security is already worrying European governments as cold weather has pushed...
Renewable diesel gains momentum on US East Coast
On the US East Coast, small but steady renewable diesel deliveries have averaged 12.9 million gallons per quarter through 2024 and reached a record 14.4 million gallons in the third quarter. The US Energy Information Administration reported that 57% of East Coast imports originated from Singapore,...
https://www.hellenicshippingnews.com/renewable-diesel-gains-momentum-on-us-east-coast/
BP’s Tangguh LNG Train 3 to return to normal operation in 1-2 days, regulator says
BP’s Tangguh LNG Train 3 is expected to return to normal operation within a fewdays following a disruption last month, a spokesperson of Indonesia’s upstream oil and gas regulatorSKK Migas said on Thursday. BP was conducting repairs and parts replacement at the facility in West Papua following...
US natgas prices edge up 1% ahead of storage report
U.S. natural gas futures edged up about 1% on Thursday on forecasts for cooler weather and more heating demand over the next two weeks than previously expected, and rising amounts of feed gas flowing to the nation’s liquefied natural gas (LNG) export plants. That slight price increase also came...
https://www.hellenicshippingnews.com/us-natgas-prices-edge-up-1-ahead-of-storage-report/
US natgas prices slide 2% to two-week low on rising output, milder forecasts
U.S. natural gas futures slid about 2% to a two-week low on Wednesday on rising output and forecasts for milder weather over the next two weeks than previously expected. Front-month gas futures NGc1 for January delivery on the New York Mercantile Exchange fell 5 cents, or 1.6%, to $2.992 per...
Europe Distillates-Diesel margins dip after large US inventory build
Northwest European diesel profit margins softened by around 50 cents to $17 a barrel on Wednesday after data showed a much larger than expected build in U.S. inventories. U.S. distillate stockpiles, which include diesel and heating oil, rose last week by 3.4 million barrels 118.1 million barrels,...
Russia’s December idle oil refining capacity revised up 60%, data shows
Russia plans to take 1.1 million metric tons of refining capacity offline in December, up more than 60% from a previous estimate but still less than half the 2.4 million tons in November, according to Reuters calculations based on data from industry sources. A decline in idle capacity means...
Europe Gas: Benchmark hits 13-month high on lower Russian flows, colder outlook
The European benchmark gas contract hit its highest level in 13 months on Monday morning as flows of Russian gas via Ukraine eased slightly, colder weather forecasts and as gas storage levels in Europe continued to decline. The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 rose by...
China completes full pipeline for Power-of-Siberia gas
China has built and connected the 5,111-km (3,175-mile) Power-of-Siberia pipeline to deliver gas from Russia’s Siberian fields to users as far as the financial hub of Shanghai, Chinese state media reported on Monday. The completion will allow the project to reach its full annual designed capacity...
https://www.hellenicshippingnews.com/china-completes-full-pipeline-for-power-of-siberia-gas/