Egypt to bid for LNG cargoes up to 20 to meet Q1 2025 Demand
Three trading sources said on Monday that Egypt will issue an tender to procure up to 20 LNG cargoes to meet the demand in the first quarter 2025. The largest Arab country, which has the most people in it, is now a net gas importer. It has bought more than 50 cargoes this year. Plans to be a reliable gas supplier to Europe have been abandoned. Sources said that the Egyptian General Petroleum Corporation is expected to announce the tender for the purchase of between 15 and twenty cargoes LNG.
Grid operator: Dutch gas reserves must be 90% full before 25/26 winter.
The Netherlands must have its gas storages at 90% capacity by the beginning of winter 2025/2026 to avoid shortages in the event of a severe cold snap, Dutch national grid operator GTS announced on Monday. Why is it important? Due to the Russian invasion of Ukraine, the Netherlands are now heavily dependent on imported gas due to the permanent closure of Groningen's major gas field. A disruption in supply could cause shortages both in the Netherlands as well as abroad.
Qatar signs another LNG supply contract with Kuwait for 15 years
Qatar has agreed to supply Kuwait for 15 years with 3 million tonnes per annum of liquefied gas (LNG). This is the second LNG deal signed since 2020, as Kuwait imports this fuel to meet the rising demand for electricity generation. Kuwait Petroleum Corporation and QatarEnergy, a state-owned company, signed a long-term agreement to sell and buy LNG. KPC CEO Sheikh Nawaf Al-Sabah announced that deliveries will begin in January 2025. Last week, it was reported that QatarEnergy & KPC were in negotiations for a deal.
Kuwait and Qatar in negotiations for new LNG supply contract of 15 years from North Field
Qatar Energy has been in discussions with Kuwait Petroleum Corporation for a long-term supply liquefied gas (LNG). This will help to meet the rising demand in Gulf Arab State for electricity generation. Four sources confirmed that the deal will see Qatar provide Kuwait with 3,000,000 metric tons of seaborne fuel per year (mtpa), over a period of 15 years, from its North Field Project, which should begin operations in 2026. Kuwait, a member of OPEC and a major producer of oil…
US-China Cold War Would Redirect Energy Flows
Worsening diplomatic relations between the United States and China are putting a spotlight on their economic inter-dependency in the context of global supply chains for both technology and energy.Top policymakers in the United States and some of its closest allies, including Australia and Britain, have recently hardened the language in which they describe relations with China.China has been labelled a “strategic competitor” for some time but the country is increasingly…
Opinion: Egypt Banks on Renewables to Meet Expected Energy Demand Surge
To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?Egypt’s population has now passed 100 million. As one of the most populous and fastest-growing nations on the African continent, providing electricity to all its citizens is a matter of priority for the Egyptian government.To ensure continuous security and stability of energy supply…
Philippines Greenlights LNG Terminal Project
Philippine power producer First Gen Corp said on Friday it has learned that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN Batangas LNG Terminal Project.First Gen, which operates four power plants with a combined capacity of 2,000 megawatts running on the Philippines' Malampaya natural gas, said it has yet to received a formal notice from the DOE on the issuance of NTP.First Gen, with Tokyo Gas Co Ltd as its LNG partner, is seeking to ensure availability of imported gas for its power plants ahead of Malampaya's dep
Groningen Gas Production Falling Faster Than Planned
Gas production at the Groningen field in the north of the Netherlands is falling faster than planned, the Dutch government said on Friday.Output at the field will fall to 15.9 billion cubic metres (bcm) in the year ending October 2020, the government said, which is 1.5 bcm lower than originally planned.The Dutch government last year said it would end production by 2030 and lower it as quickly as possible in coming years, as decades of extraction have led to a series of damaging earthquakes in the region.Demand for Groningen gas is falling as exports to Germany decline, while the Dutc
U.S. Calls on Hungary and Neighbors to Shun Russian Gas Pipelines
U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says are being used to cement Moscow's grip on central and eastern Europe.Energy diversification would be crucial for the region, as Russia has used energy as a weapon in the past, he said."Russia is using a pipeline project Nord stream 2 and a multi-line Turkish stream to try to solidify its control over the security and the stability of Central and eastern Europe…
Offshore Cape Three Points Begins Gas Delivery to Ghana
Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni. The offshore project is expected to provide stable supplies of cost effective and environmentally friendly, domestic fuel for the Ghanaian power sector, said Vitol.The estimated net cost of gas to Ghana will be less than $4.5/MMBtu…
UK Takes Extra Measures to Support Shale Gas Development
The British government announced measures on Thursday to speed up planning applications to support development of the country's shale gas industry.Increasing reliance on imported gas as Britain's domestic North Sea output declines is one of the driving forces behind government support for hydraulic fracturing, which involves extracting gas obtained from rocks broken up or fractured with water and chemicals at high pressure.However, it is impossible to know exactly how much shale gas might be underground - and…
Nord Stream 2 Dredging Starting Off German Coast
A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast."Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel."Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said.
Naftogaz to Sign Gas Deals with Vattenfall, Trafigura
Ukraine's Naftogaz plans to sign natural gas purchase agreements with Trafigura Trading (Europe) Sarl and Vattenfall Energy Trading GmbH as it expands supply from Europe. Kiev has looked to diversify away from Russian energy imports since Russia's annexation of Crimea in 2014. Naftogaz plans to sign an framework agreement with Vattenfall which will allow it to buy gas worth up to 105.9 billion hryvnias ($4.1 billion), a July 17 regulatory filing showed. Naftogaz will be able to buy gas worth up to 100.9 billion hryvnias under a similar deal with Trafigura, the filing showed.
Naftogaz asks for China Energy Loan Extension
Ukrainian state energy company Naftogaz has asked a Chinese state bank to extend the deadline by which Naftogaz must submit project proposals to qualify for a loan worth $3.5 billion, the chief executive of a Naftogaz subsidiary said on Monday. It is the latest twist in a long-running saga over a loan agreement that Ukraine, under a previous president, had signed with the China Development Bank (CDB) in 2012. According to previous interviews with officials, squabbles between ministries and Naftogaz have held up the proposals.
Turkmenistan Limits Natural Gas Supplies to Iran
Turkmenistan has limited natural gas supplies to Iran since Jan. 1 over unpaid past deliveries, the Turkmen Foreign Ministry said on Tuesday, a day after Iran said supplies through a cross-border pipeline had been cut off. The ministry said Ashgabat, which exports to Iran about 9 billion cubic metres of gas a year, made the move after trying unsuccessfully to collect debts from the National Iranian Gas Company (NIGC) since 2013. It did not disclose the amount owed. However, Iran's National Gas Company (NIGC) condemned the move by Turkmenistan as a violation of a bilateral accord.
Africa Could be Major LNG Importer by 2025 -Total
Africa could become a significant global market for imported liquefied natural gas (LNG) by 2025, with Egypt the main driver, as more countries eye gas-to-power projects, a senior official at Total said on Tuesday. With hundreds of millions of people living without electricity in the world's poorest continent, African countries are increasingly turning to gas to take advantage of lower global LNG prices amid a supply glut. "It could be collectively a 20 to 30 million tonnes per year market by 2025…
Gas pioneer Heimdal Turns 30
For 30 years the Heimdal field has been an important gas supplier to Europe and, together with Statfjord and Gullfaks, contributed to the establishment of Statpipe. Its anniversary is being celebrated with, among other things, the publishing of the field's own biography. The biography has been written by Lars Gaute Jøssang, Professor of History at NLA University College in Bergen. The Heimdal field has a long and exciting history. It was already in 1971 that the Pan Ocean Group was awarded the production licence for the field in the second licensing round.
Ukraine to Lower 2016 Gas Imports
Ukraine is likely to cut its natural gas imports to between 11 billion and 13 billion cubic metres (bcm) this year and source it all from the European Union, bypassing Russia completely, its energy minister was quoted as saying on Wednesday. "There are different scenarios and the (existing) capacity of reverse (gas flows from the EU are) enough to cover this volume," Volodymyr Demchyshyn told the UNIAN news agency regarding 2016. Ukraine, which imported 16.4 bcm on gas last year…
PGNiG Advance Talks on Gas Prices with Gazprom
PGNiG said in May it had filed for arbitration with the Stockholm Arbitration Tribunal in a dispute over the gas price formula with its biggest gas supplier, looking to change the pricing of its long-term contract in the face of falling oil and gas prices. Much of the gas PGNiG sells in Poland comes from Gazprom. In the first half of 2015, the company imported 4.05 billion cubic metres (bcm) of gas from Russia. Poland consumes around 16 bcm of gas annually. PGNiG said in May that seeking arbitration in the dispute did not rule out continued negotiations…
Britain is Wrong to Reject Fracking Application: Kemp
"The first shock of a great earthquake had, just at that period, rent the whole neighbourhood to its centre," is how Charles Dickens described the coming of the railroads to north London. "Houses were knocked down; streets broken through and stopped; deep pits and trenches dug in the ground; enormous heaps of earth and clay thrown up; buildings that were undermined and shaking, propped by great beams of wood," Dickens wrote of the railroad driven through Camden Town to connect London with Birmingham.
