Nigeria LNG, a major gas exporter, is operating at only a third of its capacity due to illegal connections by thieves on key gas supply pipelines, the company’s chief executive said on Tuesday. Philip Mshelbila told the Nigerian International Energy Summit in Abuja that only two of the company’s...
https://www.hellenicshippingnews.com/nigeria-lng-operating-at-a-third-of-capacity-because-of-theft/
Asia’s naphtha climbed to the highest level since Oct. 4 on Wednesday boosted by lower supplies from Russia and power outage at South Korean petrochemical plants. The crack jumped to $120.10 metric tonne over Brent crude and the backwardation widened for a second straight day by $2.50 to $12 per...
Dutch and British wholesale gas prices continued to fall on Wednesday morning amid comfortable supply and the prospect of a relaxation of European storage targets. The benchmark front-month contract at the Dutch TTF hub (TRNLTTFMc1) was down 0.94 euro at at 43.05 euros per megawatt hour (MWh),...
https://www.hellenicshippingnews.com/europe-gas-prices-continue-to-fall-amid-healthy-supply/
On a frigid morning on the Black Sea the sun is glaring into the quiet navigation room of the massive semi-submersible drilling rig Transocean Barents, anchored in Romania’s Constanta port. In a matter of weeks, the rig – known as the Mighty Barents – will travel 160 kms out to sea and start...
Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer for non-delivery of cargoes, court documents seen by Reuters showed. The...
Tokyo Gas 9531, Japan’s biggest city gas supplier, will sell its 25% stake in an Eagle Ford shale gas project in south Texas to Shizuoka Gas 9543 for $130 million under an asset portfolio review to improve efficiency, it said on Friday. The move will leave it to focus on its U.S. unit, TG Natural …
U.S. natural gas futures jumped about 6% to a one-month high on Wednesday as extreme cold in some parts of the country boosted demand for the fuel for heating and cut output by freezing oil and gas wells. Traders noted prices also gained support as gas flows to liquefied natural gas (LNG) export...
https://www.hellenicshippingnews.com/us-natgas-prices-jump-6-to-one-month-high-as-wells-freeze/
Russian attacks in January and early February against Ukrainian gas production facilities caused “significant” damage, state-owned Naftogaz said Feb. 15. Ukraine has been subjected to numerous missile and drone attacks against its energy infrastructure since the Russian invasion began in February...
Pakistan’s government plans to review the price of LNG under its 15-year term contract with QatarEnergy due to a sharp decline in electricity consumption and financial difficulties, an official with knowledge of the discussions told Platts. LNG contracts typically allow various terms, such as...
Dutch and British wholesale gas prices held close to four-week lows as the market awaited news from talks between the U.S. and Russia about how to end the conflict in Ukraine and as strong renewables output curbed demand. The benchmark front-month contract at the Dutch TTF hub (TRNLTTFMc1) was down...
https://www.hellenicshippingnews.com/prices-near-four-week-low-on-us-russia-talks-weaker-demand/