Sources say Egypt is seeking 20 LNG cargoes to meet winter demand, as the gas crisis worsens.
Three trading and industry sources confirmed on Friday that Egypt issued a tender for 20 cargoes (cartons) of liquefied gas to meet the demand for electricity during winter, despite a sharp decline in domestic production. It is the first time Egypt issued an tender to cover the winter demand since 2018. In order to be a reliable gas supplier to Europe, the most populous Arab nation has reversed its recent position of being an exporter by buying over 30 cargoes of natural gas to cover summer demand.
US Concerned Nord Stream Gas Link is Security Threat
The United States is deeply concerned about the Nord Stream-2 gas pipeline project as a threat to national security, a senior U.S. energy envoy said on Friday, after the issue was raised at talks in Washington this week. Since its conception last year, the Nord Stream-2 project to double the volume of gas shipped directly from Russia to Germany has triggered strong reactions. Many EU governments complain it increases dependency on Russia's Gazprom, which supplies around a third of the European Union's gas.
CEZ to Close its Bulgarian Thermal Plant
Czech power utility CEZ will wind down operations of its coal-burning plant in Bulgaria on Jan. 1, after it failed to get an exemption from European Union environmental rules, the company said on Saturday. CEZ had hoped Brussels may allow the plant to continue operations during the winter as part of measures to secure energy stability given the risk of disruptions due to EU tensions with Russia, which provides almost all of Bulgaria's gas supplies.
EU Wants Market-Led Response to Any Russian Gas Crisis
"A price increase is not a supply crisis and not a justification for intervening in the market under the pretext of security of supply," the European Commission warned member states on Thursday as it outlined how markets would be effected if gas deliveries are cut this winter as a result of the dispute between Russia and Ukraine. Gas prices could double as a result of a shutdown in transit shipments, according to the International Energy Agency…
Day Ahead Price Up on Wind Lull, Curve Down
A sharp decline in wind power capacity on Monday boosted European prompt power prices for the day ahead, traders said, adding that renewable power supply would pick up later in the week. German wind power output looked set to plummet to a quarter of Monday levels on Tuesday, when it would amount to 2 gigawatts (GW), data from Thomson Reuters Point Carbon showed. Point Carbon saw it double thereafter on Wednesday, and rise to 10 GW by Thursday.
Ukraine's Gas Dispute Could Mean Cold Winter for Central, East Europe
Central and southeastern Europe could face higher gas prices and potential shortages this winter, as a prolonged price row between Russia and Ukraine heightens regional supply fears. The former Soviet countries, many of which receive most or all of their gas from Russia via Ukraine, have been scrambling to fill storage tanks and arrange alternate supply sources to prepare for the winter heating season. In June, Russian natural gas exporter Gazprom cut off gas deliveries for use by Ukraine in a dispute over unpaid bills…
Russian PM Sees Full-scale Gas Crisis with Kiev by Autumn
Russia's Prime Minister Dmitry Medvedev on Wednesday said a "full-scale" gas crisis between Moscow and Kiev will develop by autumn, after Gazprom last month cut off gas supplies to Ukraine over unpaid bills. "Ukraine is not paying for gas. The debt is enormous. They take gas from underground storages. By autumn there will be a full-scale gas crisis," Medvedev wrote on his Facebook page. Russian gas flows to Europe via Ukraine have so far remained stable in spite of the row between Kiev and Moscow over prices.
Russia, Ukraine to Hold Gas Crisis Talks as Deadline Looms
Ukraine and Russia will try to avert a gas war in last minute talks on Monday, brokered by the European Union in the hope of preventing supply disruptions and taking the heat out of the conflict in eastern Ukraine. Russia has threatened to cut off gas supplies to Ukraine on Tuesday if it does not pay bills that rose sharply after popular protests toppled a pro-Moscow Ukrainian president in February. Moscow has since annexed Crimea from Ukraine and pro-Russian rebels are fighting security forces in the east.
Ukraine Haggles with Slovakia for Bigger Gas Shipments
Ukraine could sign a deal on Monday allowing the shipment of up to 10 billion cubic metres (bcm) of gas a year from Slovakia, ministers from the two countries said, although Ukraine says its neighbour could pump three times that much. Russia's seizure of Crimea from Ukraine has set off the most serious East-West rift since the end of the Cold War, resulting in EU and U.S. sanctions, mostly in the form of visa bans and asset freezes for a number of Russian officials.
EU: No Thursday Energy Talks Foreseen
The European Commission does not foresee energy talks on Thursday in Bratislava, a spokeswoman said, following comments from Ukraine such a meeting could take place. "It is not foreseen that EU Energy Commissioner Guenther Oettinger attends any quadrilateral meeting with representatives of Ukraine, Russia and Slovakia tomorrow in Bratislava," a spokeswoman said. Earlier Ukraine's Energy Minister Yuri Prodan said the talks may take place to seek a possible solution to the country's gas crisis.
Hints Of Possible Deal On Ukraine Gas Emerge At G20
emerged at a meeting of G20 finance chiefs this week that a deal in which Moscow eases its stance might be in the works. sidelines. for gas and said it awaits $2.2 billion in unpaid bills. Ukraine if payments don't start coming, but between the now-standard lines he signalled some room for maneuver. "We do not want to escalate tensions with Ukraine. journalists when asked about the gas dispute. "But it requires a decision of the Ukrainian authorities, support of the European Union colleagues.
