Tag: Natural Gas

EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said.

Αυξημένη κατά 12,38% καταγράφεται η εγχώρια κατανάλωση φυσικού αερίου το α’ εξάμηνο του 2025, στις 34,59 TWh, έναντι 30,78 TWh την ίδια περίοδο του 2024, σύμφωνα με τα στοιχεία της ΔΕΣΦΑ, συμβάλλοντας στη σταθερότητα του ελληνικού ενεργειακού συστήματος και την περαιτέρω ασφαλή ενσωμάτωση των ΑΠΕ.

The European Commission is to propose lowering the Russian oil price cap and banning the use of Nord Stream infrastructure as part of a fresh round of sanctions against Moscow, the Financial Times reported on Tuesday.

Tokyo Gas aims to nearly double its net profit in the 2025/26 fiscal year and plans to expand in the United States, Japan’s biggest city gas provider said on Wednesday.

Israel awarded licences to BP, Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.

Shares of Venture Global, a major player in the business of exporting liquefied natural gas, fell 25% in early trading after its guidance for adjusted 2025 earnings fell below Wall Street’s estimates.

Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering, the liquefied natural gas exporter said on Monday, setting the stage for the first blockbuster stock market flotation in 2025.

European natural gas futures climbed the highest since October 2023 after Russian gas flows to Europe via Ukraine stopped on New Year’s Day.

U.S. natural gas futures give back almost half of the previous day’s 16% gain as prices continue to swing on the prospects of severe winter weather.

US president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.

European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies.

Energy analysts believe the bullish momentum for European natural gas prices will persist over the coming months after futures jumped almost 40% on Wednesday.