Latest news with #energysupply
Reuters
an hour ago
- Business
- Reuters
Russian pipeline gas exports to Europe rose 37% m/m in July, data shows
MOSCOW, Aug 1 (Reuters) - Russian energy giant Gazprom's ( opens new tab average daily natural gas supplies to Europe increased by 37% in July from a month earlier when maintenance work reduced them, Reuters calculations showed on Friday. Turkey and the TurkStream undersea pipeline is the only transit route left for Russian gas to Europe after Ukraine chose not to extend a five-year transit deal with Moscow when it expired on January 1. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Calculations based on data from European gas transmission group Entsog showed that Russian gas exports via the TurkStream pipeline rose to 51.5 million cubic metres (mcm) per day in July from 37.6 mcm per day in June. That was 4.7% more than July 2024 when they stood at 49.2 mcm. Total Russian gas supplies to Europe via TurkStream stood at around 9.93 billion cubic metres (bcm) in the first six months of this year, compared to 9.3 bcm during the same period a year earlier, according to Reuters calculations. Gazprom's exports to Europe in January-July last year amounted to 18.3 bcm, a figure which included volumes transited through Ukraine. The company, which has not published its own monthly statistics since the start of 2023, did not respond to a request for comment. Russia supplied about 63.8 bcm of gas to Europe by various routes in 2022, Gazprom data and Reuters calculations show. That plummeted by 55.6% to 28.3 bcm in 2024, but increased to around 32 bcm in 2024. At their peak in 2018-2019, annual gas flows to Europe reached between 175 and 180 bcm.
Washington Post
2 days ago
- Business
- Washington Post
Turkey to supply natural gas from Azerbaijan to Syria
ANKARA, Turkey — Turkey will begin supplying natural gas from Azerbaijan to Syria to help the country generate electricity, Turkey's energy minister said Wednesday. Natural gas from Azerbaijan will be delivered to Syria via the Kilis pipeline through Turkey from Aug. 2, Energy Minister Alparslan Bayraktar told the state-run Anadolu Agency.
Bloomberg
23-07-2025
- Politics
- Bloomberg
Mauritius Seeks to Boost Power Supply and Warns Cuts are a Risk
Mauritius is exploring temporary measures to increase electricity supply and warns that it may have to impose scheduled power cuts in coming months if these measures fall short. 'From now till end of December or January next year, we have, by hook or by crook, to add 100 megawatts to our network,' Energy and Public Utilities Minister Patrick Assirvaden said on Wednesday. Otherwise, he said, the country will need to implement rotating power outages to avoid a possible collapse of the national grid.
Bloomberg
22-07-2025
- Business
- Bloomberg
Global LNG Supply to Surge Most Since 2019 Next Year, IEA Says
By and Elena Mazneva Save Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5% expansion this year, the IEA said in its quarterly gas market report. A project in Qatar will also add to the growth.
Yahoo
21-07-2025
- Business
- Yahoo
BASF enters long-term natural gas supply agreement with Equinor
Chemical company BASF has entered into a strategic ten-year agreement with Equinor, securing an annual supply of up to 23 terawatt-hours of natural gas, equivalent to two billion cubic metres. This deal will provide a significant portion of BASF's natural gas requirements in Europe. Deliveries are scheduled to commence on 1 October 2025. Equinor president and CEO Anders Opedal said: 'This agreement further strengthens our partnership with BASF. Natural gas not only provides energy security to Europe but also critical feedstock to European industries. 'I am very happy that our gas also supports BASF's efforts to reduce their carbon footprint. Gas from Norway comes with the lowest emissions from production and transportation.' Natural gas serves a dual purpose for BASF, acting as both an energy source and a raw material for producing essential chemicals. The deal aligns with BASF's objective of diversifying its energy and raw materials portfolio, ensuring competitive terms and supporting the company's sustainability goals. BASF chief financial officer and chief digital officer Dirk Elvermann said: 'We are very happy to enter into this long-term partnership with Equinor for the reliable supply of natural gas for BASF's operations in Europe. 'Equinor is a trusted and valued partner. The supply agreement not only comes with competitive terms but also supports our sustainability targets.' BASF's diverse portfolio includes solutions for consumer goods including sportswear, car interiors, personal care items and agricultural products. The new contract follows Equinor's recent deal with Centrica to supply natural gas to the UK over the next ten years in a contract valued at around £20bn ($27.11bn). "BASF enters long-term natural gas supply agreement with Equinor" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
