Gazprom says signs key deals to build Ust-Luga plant

The key agreements for construction of a gas refinery and liquefaction plant in the port of Ust-Luga have been signed, Russian gas giant Gazprom said in a statement. "Several key agreements have been signed today in St. …

Can LNG replace oil?

It may not kill oil entirely, but it could make it uncomfortable by eating into its demand in the key sector of transport

Russia is main supplier of gas to EU

Russian pipeline supplies covered 45% of extra-European Union gas imports, according to the European Commission's quarterly report on European gas markets. Russia is followed by Norway (26%). "In the …

 Poland to sell U.S. gas to Ukraine

Poland will be selling to Ukraine the liquefied natural gas (LNG) that it purchases from the United States, Polish Oil and Gas Company (PGNiG) said in a statement. "Polish Oil and Gas Company (PGNiG) has purchased a cargo of …

Saudi Aramco to buy U.S. LNG

Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas (LNG) from its subsidiary Sempra LNG, the two companies said. The two companies are also finalizing a 25% equity …

Russia to boost its share on LNG market

Russia’s Energy Minister Alexander Novak said that the share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040. According to him, the segment of LNG production has "huge …