naturalgas
The European Commission is sticking to a goal of ramping up ‘green’ hydrogen production from almost nothing to millions of tonnes a year by 2030 despite the European Court of Auditors (ECA) concluding today (17 July) that the target looks more aspirational than realistic. “The EU is unlikely to meet the targets it set for 2030,” lead author Stefan Blok told reporters ahead of the publication of an ECA report into EU hydrogen policy. “As a result, four years after the publication of the Hydrogen Strategy, we are calling for a reality check.” The highly flammable gas has been touted as a ‘green’...
Euronews (English)
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16. The company produced 6.9 billion cubic meters of commercial gas, according to the statement. "Ukrgasvydobuvannya has put 41 new reservoirs into operation, 14 of which are high flow rate reservoirs. For example, the daily flow rate of one of the latter exceeds 400,000 cubic meters. These are very good results," Ukrgasvydobuvannya's acting CEO Serhiy Lahno said. The gas producer also reached 165,864 meters of drilling meterage ov...
Kyiv Independent
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16. The company produced 6.9 billion cubic meters of commercial gas, according to the statement. "Ukrgasvydobuvannya has put 41 new reservoirs into operation, 14 of which are high flow rate reservoirs. For example, the daily flow rate of one of the latter exceeds 400,000 cubic meters. These are very good results," Ukrgasvydobuvannya's acting CEO Serhiy Lahno said. The gas producer also reached 165,864 meters of drilling meterage ov...
Kyiv Independent (UK)
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16. The company produced 6.9 billion cubic meters of commercial gas, according to the statement. "Ukrgasvydobuvannya has put 41 new reservoirs into operation, 14 of which are high flow rate reservoirs. For example, the daily flow rate of one of the latter exceeds 400,000 cubic meters. These are very good results," Ukrgasvydobuvannya's acting CEO Serhiy Lahno said. The gas producer also reached 165,864 meters of drilling meterage ov...
Kyiv Independent (CA)
The European Union stands at a critical juncture, confronting the dual crises of escalating climate threats and geopolitical instability. From the devastating impacts of climate change to the recent energy turmoil sparked by Russia’s aggression in Ukraine, the EU’s vulnerabilities are glaring. The European Green Deal, a commitment made by all member states, mandates a rapid decoupling from natural gas. This presents both a daunting challenge and a remarkable opportunity. In the Baltic-Finland region, natural gas consumption varies, with usage rates at 3% in Finland, 6% in Estonia, 16% in Latvi...
Euronews (English)
Saudi Arabia has announced the discovery of seven significant oil and gas deposits in the Kingdom’s Eastern Province and the Empty Quarter, marking a substantial boost to the nation’s energy reserves. The announcement was made by Prince Abdulaziz bin Salman, the country’s energy minister, as reported by the Saudi Press Agency (SPA) on Monday. Details of the new discoveriesAccording to the SPA report, Saudi Aramco, the state-owned oil giant, has identified “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs.” These discoveries...
Invezz
In the world's transition to a low-carbon footprint, natural gas is expected to play a key role in supporting demand. Meanwhile, the artificial intelligence (AI) boom is set to spur its utilisation in electricity consumption. Since mid-April, the US natural gas futures prices have surged by approximately 62%, and the Dutch gas futures rose 18% due to intensified geopolitical tensions in the Middle East, reduced production in the US, supply disruptions in Norway, and expectations of growing demand Demand for natural gas is expected to growAccording to S&P Global Commodity Insights, "global powe...
Euronews (English)
Russia overtook the United States in the month of May as the lead supplier of liquified natural gas (LNG) to Europe for the first time in nearly two years, the Financial Times reported on June 16. According to the International Commodity Intelligence Service (ICIS), Russian-piped gas LNG shipments made up 15 per cent of supply delivered to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina, and North Macedonia, FT reported. While U.S. LNG supplies made up just 14 per cent of the supply. The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combi...
Kyiv Independent
Russia overtook the United States in the month of May as the lead supplier of liquified natural gas (LNG) to Europe for the first time in nearly two years, the Financial Times reported on June 16. According to the International Commodity Intelligence Service (ICIS), Russian-piped gas LNG shipments made up 15 per cent of supply delivered to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina, and North Macedonia, FT reported. While U.S. LNG supplies made up just 14 per cent of the supply. The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combi...
Kyiv Independent (CA)
Russia overtook the United States in the month of May as the lead supplier of liquified natural gas (LNG) to Europe for the first time in nearly two years, the Financial Times reported on June 16. According to the International Commodity Intelligence Service (ICIS), Russian-piped gas LNG shipments made up 15 per cent of supply delivered to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina, and North Macedonia, FT reported. While U.S. LNG supplies made up just 14 per cent of the supply. The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combi...
Kyiv Independent (UK)
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