Page 3 - Gas Supplies

Europe's energy crisis: The looming winter of discontent that awaits India

Europe's bid to reduce its dependence on Russian gas ahead of the cold season will put pressure on prices and impact India's growing gas economy

Strong demand to drive gains for stocks of city gas distributors

GAIL has come under pressure since it is not receiving contracted liquefied natural gas (LNG) cargoes and it is being forced to buy LNG at much higher prices

Russian prez Putin reveals details of new gas pipeline to China, Mongolia

He held talks with Chinese Premier Xi Jinping and Mongolian President Ukhnaagiin Khurelsukh on Thursday

Italy can get through upcoming winter without Russian gas, says Eni CEO

Before the start of the conflict in Ukraine, Italy was the second largest importer of Russian gas in the EU behind only Germany

Asian countries spend big on fuel oil amid global gas shortage concerns

Japanese imports of the fuel, which can be used instead of natural gas to produce electricity, surged to a four-year high in August, and are set to stay high in the coming months

Crude oil output to go up substantially from next year: Petroleum Secy

Pankaj Jain's comments follows contracts signed by govt for 34 oil exploration blocks; minister Hardeep Singh Puri asserts energy crisis in Europe far worse than India

Price cap won't largely affect Russian gas supply, says Estonian minister

Any price cap EU countries might set on gas from Russia probably won't make a large difference on the supply of it to Europe, Estonia's energy minister said

Road ahead for investors amid OPEC output cut, European energy crisis

The European countries are bracing for a winter sans gas as supplies remain disrupted from Russia. And oil prices are above $95 per barrel on the supply cut decision by OPEC+. What next for investors?

'Ask Siemens Energy', says Gazprom on resumption of Nord Stream 1

Gazprom on Friday said the Nord Stream 1 pipeline, Europe's major supply route, would remain shut as a turbine at a compressor station had an engine oil leak, sending wholesale gas prices soaring.

Hungary will have enough gas supply for households this winter: Official

Hungary will have enough gas this winter to supply its households and economy, Tamas Menczer, state secretary of the Hungarian Ministry of Foreign Affairs and Trade, has said

What are the Nord Stream 1 & 2 pipelines?

Financial markets in Europe sunk on Monday after the Russian decision to snap the gas supply via its Nord Stream 1. Know more about this pipeline, and why is it so crucial for Europe?

Euro falls below 99 cents hitting 20-year low on Russian gas halt concerns

The euro fell below 99 cents for the first time in nearly two decades, while sterling was on the ropes on Monday as Russia's halt on gas supply down its main pipeline to Europe sparked concerns

Global stocks sink as Europe faces new squeeze on Russian gas supply

Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies. London and Frankfurt opened lower. Tokyo, Hong Kong and South Korea fell while Shanghai gained. Oil prices rose more than USD 2 per barrel while the euro edged lower. Markets were roiled by Russian energy giant Gazprom's announcement Friday that a suspension of gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. That adds to shortages in Germany and other economies. In early trading, the FTSE 100 in London lost 1.1% to 7,198.73 and the DAX in Frankfurt tumbled 3.2% to 12,628.44., The CAC 40 in France fell 2% to 6,047.28. Gazprom's announcement puts European stocks under heavy pressure, said Chris Turner of ING in a report. Also Friday, U.S. government data showed hiring slowed in August but wages rose sharply. Forecasters said the Federal Reserve might see that as evidence more interest rate hikes are needed to bring down inflation that is at a four-decade high. Mar

Gas flows from Russia look set to resume on Nord Stream after works

Grid data indicate that flows will resume on Saturday at 20% of capacity as planned

Russia's halt on gas supplies tightens energy screws on Europe

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed after it invaded Ukraine and have accused Russia of using energy supplies as a "weapon of war"

Russia temporarily stops gas flow to Europe through Nord Stream 1

Russia's Gazprom stopped the flow of natural gas through a major pipeline from Russia to Europe early Wednesday, a temporary move to it announced in advance. The Russian state-controlled energy giant said earlier this month that it would the cut the flow of gas through the Nord Stream 1 pipeline until Saturday for what it says is a three-day pause for routine maintenance at a compressor station. According to Gazprom, the only remaining turbine, which is located at the Portovaya compressor station, needs maintenance. The head of Germany's Federal Network Agency, Klaus Mueller, has said that the maintenance work is technically incomprehensible and he considers it a way of punishing Germany for siding with Ukraine since the Russian invasion. Gazprom has repeatedly reduced the flow of gas through Nord Stream 1 claiming technical issues such as equipment repairs. Germany calls these cuts a political move to sow uncertainty and push up prices amid the war in Ukraine. Russia has also redu

German suppliers register for payments from funds under special gas levy

12 gas suppliers in Germany have registered claims for payments from funds to be collected under a new gas levy to be charged to consumers between October 1 this year and March 2024

Euro again below parity versus dollar; gas supply crisis weighs

China's yuan dropped to its lowest in nearly two years after the central bank cut key lending rates.

Europe gas prices jump as latest Russian cut plan stokes supply fears

European gas prices surged after Moscow's move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on

Centre asks state-run firms to explore plans amid LNG supply crisis: Report

Gas supplies to India have been hit due to the ongoing Russia-Ukraine war