Natural Gas News – October 24, 2023
Natural Gas News – October 24, 2023
Russia Boosts Natural Gas Deliveries To China
Russia is set to raise further its natural gas pipeline supply to China after state giants Gazprom and China National Petroleum Corporation (CNPC) signed an agreement on Thursday for the delivery of additional volumes of Russian gas to China through the end of 2023. The deliveries, via the Power of Siberia pipeline from Russia to China, will be raised under an addendum to the sale and purchase agreement for gas for 2023, Russian news agency Interfax reported on Thursday. Earlier this year, Alexey Miller, the chief executive officer of Gazprom, said that the Russian gas giant accounted for more than half of the rise in China’s natural gas imports between January and
August this year. Russia’s state gas giant has relied on more natural gas exports to China as sales to Europe have plummeted since the Russian invasion… For more info go to https://shorturl.at/biuQ5
EIA: Natural Gas Deliveries to US LNG Export Terminals Rise
Natural gas deliveries to US liquefied natural gas (LNG) export terminals rose in the week ending October 18 compared to the week before, according to the Energy Information Administration. The agency said in its weekly natural gas report that 29 LNG carriers departed the US plants between October 11 and October 18, EAI
previously said that 20 LNG carriers departed US terminal in the week ending October 11. However, the agency said that this week’s LNG vessel count includes five vessels that departed US LNG terminals on Wednesday, October 11, but were not included in the vessel count for the previous report week (October 5 through October 11). The total capacity of these 29 LNG vessels is 108 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance. Average natural gas deliver… For more info go to https://shorturl.at/pDINV
This article is part of Daily Natural Gas Newsletter
Tagged:
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
