China's equipment manufacturers are looking to take a bigger share of the Russian market, as the West threatens to freeze Moscow’s access to sensitive energy technologies.
The price gap between oil and gas will define the future of the fuels market over the next decade, Interfax Chief Energy Analyst Peter Stewart said at an energy economics discussion at the World Petroleum Congress in Moscow.
Europe’s gas hubs saw no major change in price movements last week. Steady inflows of LNG to the UK have led to oversupply, which in turn has weighed on spot prices.
Henry Hub front-month futures fell to an intraday low of $3.76/MMBtu on 22 July – the lowest level so far this year. The price dropped by 7.9% on a weekly basis to close at $3.77/MMBtu on Tuesday.
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Energy Policy Weekly More EU Policy ››
The European Commission this week proposed a 30% energy efficiency target for 2030 – 10% lower than the limit MEPs in the European Parliament had previously called for.
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EnergyHub More Data & Reference ››
EnergyHub will be re-launched later this year with a strong focus on global LNG projects. The revamped site will include a detailed list of LNG facilities including information on ownership, storage capacities, send-out rates and much more. EnergyHub will be enhanced with official import/export statistics displayed alongside the terminal data and information on supply contracts (where available). The information will be updated monthly as projects progress and new statistics become available.
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