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Europe Gas Prices slightly down on healthy Norwegian and LNG supply

Europe Gas Prices slightly down on healthy Norwegian and LNG supply

European gas prices dipped slightly due to warmer weather and increased Norwegian and LNG supply. Dutch front-month gas was down to $11.31/mmBtu, while storage remains at 35.58% capacity.
ONGC Wins Most OALP-IX Blocks, Reliance-BP Consortium Secures One

ONGC Wins Most OALP-IX Blocks, Reliance-BP Consortium Secures One

ONGC won 15 blocks in the OALP-IX bid round, including 11 solo and 4 with partners. Reliance-BP and ONGC teamed up for one Gujarat block. Vedanta secured 7 blocks, and Oil India got 9.
Australia’s changing gas risks

Australia’s changing gas risks

Australia's East Coast gas supply shortfall projections, previously anticipated in 2025-2026, are now delayed to 2028 according to AEMO's revised Gas Statement of Opportunities.
Is India Ready to Ditch Energy Imports? Read on to know!

Is India Ready to Ditch Energy Imports? Read on to know!

India aims to boost domestic hydrocarbon exploration, reducing its 88% crude oil and 50% natural gas import dependence. Initiatives include OALP Round-IX, allocating 28 exploration blocks, and Special CBM 2025, offering 3 new Coal Bed Methane blocks.
Russia wants to increase liquefied gas exports fivefold - RBC

Russia wants to increase liquefied gas exports fivefold - RBC

Russia plans to increase liquefied natural gas (LNG) exports fivefold by 2050, from 45 billion cubic meters in 2023 to 241 billion cubic meters. Crude oil production will remain relatively stable.
ICIS Whitepaper: Can Russian gas return to Europe after arbitration awards?

ICIS Whitepaper: Can Russian gas return to Europe after arbitration awards?

Following Russia's invasion of Ukraine, over 20 EU buyers initiated arbitrations against Gazprom for gas supply cuts, seeking over €18 billion. ICIS analysis explores the legal complexities and potential scenarios for Russian gas's return to Europe, including supply routes and political challenges.
The EU Is Attempting to Axe Russian Gas Deals Without Paying Penalties

The EU Is Attempting to Axe Russian Gas Deals Without Paying Penalties

EU aims to halt Russian gas imports without compensation, despite industry whispers of restoring up to 70 bcm of supply for price relief.
Back to Russian gas? Trump-wary EU has energy security dilemma

Back to Russian gas? Trump-wary EU has energy security dilemma

European businesses consider resuming Russian gas imports (up to 70 bcm annually) amid US trade tensions and energy security concerns.
CPC pipeline increased daily oil supplies by 0.6% in March month-on-month, sources say

CPC pipeline increased daily oil supplies by 0.6% in March month-on-month, sources say

CPC's daily oil pumping increased by 0.6% to 1.69 million barrels per day in March, with Kazakh exports rising to 5.942 million tons and Russian supplies at 0.660 million tons.
US natgas prices edge up on record flows to LNG export plants

US natgas prices edge up on record flows to LNG export plants

US natural gas futures rose 1% to $3.562 per million British thermal units due to record flows to LNG export plants and increased demand forecasts. Gas output hit a record 107.4 bcfd over the weekend.

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