EU sounds out Japan for additional LNG supplies, the Nikkei reports
🇪🇺 🔊🇯🇵
European Commission recently made the request to the Japanese government amid Russia supply concerns. Japan will check if its private importers have any spare supply after April
Meanwhile, the UK would support G7 nations setting limits on the amount of Russian oil and gas its members could import “over time,” said Foreign Secretary Liz Truss, in a potential escalation of the impact of the war in Ukraine on energy markets
Germany’s new energy plan aims to cut dependence on Russian natural gas 🇩🇪
The details:
> Build 2 new LNG terminals
> Increase gas storage volume by 2 bcm
> Purchase additional natural gas on the world markets
> Establish national coal and gas reserve
This is positive news for Germany’s fledging LNG import plans 🚢
Around four years after Germany announced its LNG import terminal in Brunsbüttel, there is still no date for a final investment decision. Maybe that will change now
European natural gas prices surge 41% (!) after Russian forces attacked targets across Ukraine 📈
⚠️ Supply disruption feared after the West vowed further sanctions
💸 Dutch TTF jumped to 125 euros/MWh (nearly $40/mmbtu), the highest level in 2 months
Around a third of Russia’s gas to Europe typically flows via Ukraine, and analysts have said any escalation of the conflict may disrupt those flows.
“In the event of prolonged disruption, gas inventory couldn’t be rebuilt through the summer,” Woodmac's Filippenko said
Ukrainian state company Naftogaz says all the facilities of its gas transportation system are operating as usual so far and that natural gas is being supplied in the required amounts