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India buys gas at double price after Russian deliveries get cancelled

India purchased some of the nation’s most expensive liquefied natural gas shipments ever after vital Russian deliveries were cancelled. GAIL India Ltd. bought several LNG cargoes for delivery between October and November at more than double the price it paid around this time last year. The New Delhi-based company is struggling to replace supply from

Gazprom to shut gas pipeline to Europe for maintenance

Russia’s state-owned energy company Gazprom says a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.” The latest shutdown will come a month after Gazprom restored natural gas supply through the pipeline to only a fifth of its capacity after a

NIOC and Gazprom agree for development of three major gas assets

Iranian state-owned NIOC has signed an agreement with Russia’s state-controlled Gazprom covering co-operation on the development of three major gas assets. As part of the deal, the firms will work together on the 55 trillion ft³ (1.6 trillion m³) Kish and the 57.1 trillion ft³ North Pars fields, and to boost pressure levels at the

Russia defaults on gas supplies to GAIL

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India. India’s largest gas firm GAIL has a long-term deal to import 2.85 million tonnes of liquefied natural gas (LNG) per annum from a Singapore-based

Gazprom cannot guarantee gas deliveries to Europe

Russia’s Gazprom says it cannot guarantee natural gas deliveries to European customers – as its exports to China hit an all-time high. Russia’s Gazprom has tried to claim “force majeure” — or an act of God — in its natural gas contracts with European buyers. Force majeure clauses allow parties to be released from their

Germany takes over Dynagas LNG vessels

Dynagas LNG Partners has said that the German government has picked up the charters of its three LNG carriers previously fixed to Russia’s Gazprom. The vessels have been under the control of Germany’s Federal Network Agency since April after it took over Gazprom Germania and all its subsidiaries, the indirect parent of Gazprom Marketing and

Sanctions against Russian gas hit Germany an extra $5.4 billion cost for replacement

According to a report by a German newspaper, Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas. Russia stopped supplying Gazprom Germania, which had been the German subsidiary of Gazprom in May 2002, after Berlin

Gazprom seeks gas payments in euros from GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions

Russia demanding importers to pay in rubles to avoid West sanctions

After being ostracized by Western countries following his invasion of Ukraine, Russia President Vladimir Putin is trying to force the world to reengage with the Russian economy—sanctions be damned—by leveraging the one thing the West still buys from Russia: energy. Putin ordered that gas contracts with “unfriendly” countries—those responsible for sanctions against Russia—be settled in

Europe’s LNG imports won’t fully substitute Russian gas

Europe became the largest customer of US producers of liquefied natural gas recently, taking in more than 50 percent of total U.S. shipments over the last three months. But US LNG, as well as LNG from other sources, would only provide short-term relief. For starters, there are the long-term contracts that all LNG producers in

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  • Home
  • Fuels
    • Ammonia
    • Hydrogen
    • LNG
    • Methanol
    • Biofuels
    • VLSFO
    • Heavy oils
    • Bunkering
  • Marine
  • EV
    • Battery Tech
    • Charging & Infra
    • Ferries & Cruises
    • Ports & Harbours
    • Power & Propulsion
    • Onborad Systems
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    • Tugboats
  • Technology
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    • Our Events
    • Partner Events
  • About Us
    • Advisory Board
    • Editor-in-Chief
    • Magazine
    • Glossary