Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
liquefied natural gas
Spain aims to be LNG hub in Europe
According to sources from the Spanish government, Madrid is slated to sign a $300 billion deal with Qatar’s sovereign wealth fund, wherein the latter will invest in Spanish projects that are funded by European Union COVID recovery funds. The deal… Read More ›
Germany will supply LNG to eastern EU states: German Chancellor Olaf Scholz
In a statement German Chancellor Olaf Scholz said, Berlin will help provide eastern European Union states which don’t have access to ports to the North or Baltic seas with liquefied natural gas (LNG). Scholz made the comments after having emerged… Read More ›
EU aims to link energy grid with Ukraine
Energy ministers from European Union countries have agreed to urgently link their power system to Ukraine’s grid. The move would increase Europe’s energy independence from Russia following Russia’s invasion of Ukraine. The invasion by Russia, Europe’s top gas supplier, has… Read More ›
Limited impact from Russia Ukraine war on chip supply chain
On Saturday, in a statement the government of Taiwan said, it expects little impact on the supply of raw materials for semiconductors from the war in Ukraine. Following a meeting of the cabinet, Vice Premier Shen Jong-chin, said there would… Read More ›
Impossible to quickly replace Russian LNG supplies to Europe: Qatar
In a statement Qatar’s energy minister said, not a single country, including Qatar, has the capacity to replace Russian gas supplies to Europe with liquefied natural gas (LNG) in the event of disruption due to a conflict between Russia and… Read More ›
Japan imposes sanctions against Japan
On Wednesday, Japanese Prime Minister Fumio Kishida announced sanctions against Russia over its actions in Ukraine, saying Moscow’s moves are unacceptable violation of Ukrainian sovereignty and international law. Japan’s sanctions include prohibiting the issuance of Russian bonds in Japan and… Read More ›
Ready to join US led sanctions on Russia: Japan
On Tuesday, Japan said it is ready to join the United States and allied nations in imposing economic sanctions against Russia, in the event Russia President Vladimir Putin orders an invasion of Ukraine, The statement from Japan, the world’s third… Read More ›
European companies on Russian Nord Stream 2 pipeline project at risk of U.S. sanctions
According to two sources familiar with the matter at hand, the U.S. State Department has informed European companies that those helping to build Russia’s Nord Stream 2 gas pipeline face sanction risks. “We are trying to inform companies of the… Read More ›
Vietnam signs $2.8 billion LNG deal with AES Corp: U.S. Secretary of State Mike Pompeo
On Wednesday, U.S. Secretary of State Mike Pompeo stated, AES Corp will sign a deal with PetroVietnam Gas to develop a $2.8 billion liquefied natural gas (LNG) import terminal as well as a power plant in Vietnam. “Vietnam has given the… Read More ›
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