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LNG

Europe News

EU breaks taboo with first-ever sanctions on Russian LNG

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Economy

Asian countries offer to buy more US LNG to stave off harsh tariffs

In a bid to avoid harsh tariffs being imposed, many Asian countries are looking to strike large LNG deals with the US. But could this be disastrous for the clean energy transition?

Business

New gas discovery off Cyprus coast may reduce EU energy dependence

ExxonMobil and its partner, Qatar Energy, have discovered a new natural gas deposit off the coast of Cyprus, a find that bolsters the region's potential as an energy exporter.

Europe in Motion

EU now imports more LNG than pipeline gas: Is it bad for the climate?

The EU is ramping up LNG imports to make up for the lack of Russian pipeline gas reaching the bloc. What's the environmental and financial cost?

Economy

What would happen if the Strait of Hormuz were closed?

This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, fuelling a big part of the global economy. And Iran controls its northern side.

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Economy

Energy in Europe is also at stake as Israel-Iran conflict escalates

As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.

Economy

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

Nature

Fossil fuels are being overlooked at UN ocean summit, analysts warn

Oil and gas blocks cover an area the size of Argentina in just 11 ocean ‘frontier regions’, a new report shows.

Europe News

EU sets 2027 as deadline to phase out all Russian fuels, including LNG

Imports of Russian oil, gas and nuclear materials must stop by 2027 at the very latest, Brussels has proposed in a new ambitious strategy.

Europe News

EU and UK underline commitment to energy transition at London summit

The president of the European Commission has underlined the need for Europe to reduce its dependence on fossil fuels at an energy security summit hosted jointly by the UK government and International Energy Agency, despite US demands for Europe to ramp up LNG imports.

Business

Shell cuts gas production outlook due to maintenance and bad weather

The oil and gas company reduced its expectations for natural gas and liquefied natural gas (LNG) volumes for the first quarter of this year.

Business

Shell increases shareholder returns and doubles down on LNG

Shell recently revamped its focus on oil and gas output, a move which has been greatly welcomed by shareholders, due to the current higher returns potential.

Europe News

LNG imports plummet amid falling EU gas demand

Europe’s decreasing gas demand calls into question a scramble to build new LNG import terminals, but leeway remains to increase imports from US as demanded by President Donald Trump.

Markets

European gas prices spike to 2-year highs as storage levels falter

European gas prices have surged 30% in the past month as colder weather, weak renewables, and supply concerns strain storage levels, now at their lowest since 2022. With refilling costs rising, Germany is weighing subsidies, while markets watch for potential Russian gas flows.

Climate

Experts: US rollbacks on renewables create opportunities for the EU

Climate campaigners are urging the EU to step into the "leadership void" left by the US.

Business

TotalEnergies postpones multi-billion Mozambique LNG project

TotalEnergies has been dealing with ongoing delays and insurgencies regarding its Mozambique LNG project for several years now. The project is expected to start production in 2029.

Business

Shell cuts LNG outlook, with more write-offs due for 2024 year end

Oil and gas giant Shell has reduced its estimates for liquefied natural gas (LNG) production for the last quarter of 2024, with significant well write-offs for upstream exploration and integrated gas also expected.

Business

Trump threatens trade tariffs unless Europe buys more US oil and gas

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House.

Economy

Germany warns ports against accepting Russian gas shipments

Germany's economic ministry has warned the Deutsche Energy terminal of a planned shipment expected to arrive at the Brunsbüttel facility, according to a report.

No Comment

Entangled humpback whale freed after four-day rescue operation

The whale was found with several lines and floats tangled around its head and midsection, likely accumulated over a period of months.

Europe News

Czechia floats plan to replace Russian gas supplies to eastern EU

Czechia's trade minister and the likely next EU energy commissioner has urged the incumbent Kadri SImson and Berlin, Budapest, Bratislava and Vienna to intensify efforts to wean the bloc off Russian gas