•   
  •   

World Energy industry: Gazprom wants to pump more gas to Europe

10:35  16 february  2021
10:35  16 february  2021 Source:   handelsblatt.com

Controversial Baltic Sea gas pipeline: Race for "Nord Stream 2" reopened

 Controversial Baltic Sea gas pipeline: Race for Construction of the "Nord Stream 2" gas pipeline continues after a long break. The political dispute over the project remains unresolved. © Photo: Jens Büttner / dpa The Russian pipe fitter "Fortuna", here still in the port of Wismar The "Fortuna" is working again. According to the operator, the Russian special ship started laying pipes for the "Nord Stream 2" gas pipeline in the Danish Baltic Sea at the weekend.

The gas market in southeast Europe was marked by three events at the beginning of the new year, all of them with far-reaching consequences. On January 1, Serbian President Aleksander Vucic celebrated his nation's gas supplies from Russia through a different route, notably via Bulgaria and the Balkan The third event was the inauguration of a new, floating liquefied gas (LNG) terminal near the Croatian island of Krk. A tanker supplied US LNG, which was modified and pumped into the EU-linked Croatian distribution network. For Croatia, which had so far been supplied by Gazprom almost exclusively, it

Gazprom now supplies a third of Europe 's gas needs, with its share rising from a quarter in the past two decades. It believes it could ship more despite the EU's fears that the bloc is becoming too reliant on Russian energy . "Today, in 2017, we are beating our 2016 record highs by around 10 percent. Gazprom wants to double capacity of Nord Stream. On Monday, it signed a deal to co-fund the link with European companies Uniper , Wintershall (BASFn.DE), Shell (RDSa.L), OMV (OMVV.VI) and Engie (ENGIE.PA) . Eastern European and Baltic countries say the new pipeline carrying Russian

The cold winter is causing the reserves in German storage facilities to decline further. The delivery bottleneck also has to do with the dispute over the Nord Stream 2 Baltic Sea pipeline.

Im Sommer werden die Speicher gefüllt, im Winter entleert. © dpa The storage tanks are filled in summer and emptied in winter.

The German gas storage facilities are now only a good third full. The fill level is currently 34 percent. At the same time last year it was 81 percent. The data are made available by the operators of the European storage facilities on the Aggregated Gas Storage Inventory (AGSI +) platform.

The industry emphasizes that the gas supply is secure. After all, the heating season only lasts a few weeks. The Russian gas producer Gazprom has now decided to pump more gas west than originally planned.

Push against green bank investing in gas

  Push against green bank investing in gas Federal Labor will attempt to prevent a new fund under Australia's green bank from investing in gas projects decided by the energy minister.It comes as a new competition watchdog report warns of a looming shortfall of gas on Australia's east coast.

3 days New Activist Investor Wants Exxon To Invest More In Clean Energy . 3 days Strike Could Shut Down All Ports In OPEC Producer Nigeria. 6 days France’s Total Looks To Sell Its Stake In Kurdistan Oilfield. It is doubtful that there could be a less appropriate time to increase Russian gas exports to Europe , yet that is exactly what Gazprom is doing. Despite sanctions from both the U.S. and the EU, and Europe ’s determination to reduce its reliance on Russian gas , Russia has been setting all-time highs in its exports throughout the past eight months.

Gazprom ’s market share in Europe rose from 31 percent to 34 percent two years ago, and it is not about to change much in the coming years, Medvedev also said. In fact, he predicted that Gazprom ’s share will rise further to 35 percent. That’s despite efforts on the part of the EU authorities to diversify the sources of natural gas The Russian giant’s efforts to keep its foothold in Europe are currently focused on Nord Stream 2 – an expansion of the existing pipeline that pumps gas to Germany via the Baltic Sea. The project was stopped by Polish authorities, and there has been vocal opposition from

In March, Gazprom wants to deliver 124.2 million cubic meters a day to Europe , according to the dpa news agency, citing the Russian agency Interfax. This emerges from the data from an auction for the monthly transport capacities. The original plan for March was 110 million cubic meters of gas per day. Now the world's largest gas company wants to increase its imports to the same amount that it was delivering in February.

The underground gas storage facilities, in which up to a quarter of Germany's annual gas requirements can be stored, are more empty than they have been for four years at the same time of the year. The operators of the storage facilities are calm.

On the one hand, winter is currently significantly colder than in previous years. On the other hand, the fill levels largely only reflect the price developments in the market. If the gas prices are significantly higher than the prices at which gas was stored in the summer, it simply makes sense for the operators to primarily take gas from the storage facilities.

Australians are missing out on $500 million in electricity savings by failing to shop around

  Australians are missing out on $500 million in electricity savings by failing to shop around Some consumers aren't seeing the benefits of falling electricity prices because they've failed to switch to a cheaper deal. Here's what you can do to grab your share of $500 million in savings.St Vincent de Paul Society examined household bills in Victoria, NSW, Queensland and South Australia and found they were paying up to $200 a year too much for their electricity — despite the fact energy prices are falling.

Gazprom , Russia’s largest natural gas exporter, has again increased its deliveries to Europe . The company sent 5.8 percent more blue fuel to the continent through July compared to last year. Europe also imported 24 percent from Norway, 13 percent came in LNG supplies, and 11 percent from Algeria. Gazprom ’s activities in the European gas market are underpinned by long-term contracts with oil-pegged prices and take-or-pay clauses. The company has long-term contracts of up to 25 years, usually based on intergovernmental agreements with countries in Central and Western Europe .

On September 10, the European Court annulled the 2016 European Commission decision to allow Gazprom use Opal to 100 percent of its capacity, which is 36 billion cubic meters per year. The decision was made on Poland’s demand, with Warsaw claiming Gazprom ’s full use of Opal threatened gas supplies to central and eastern Europe . At the same time, Gazprom also began to pump more gas through Ukraine. Opal is a branch pipe connecting Nord Stream with the gas transmission system of Central and Western Europe . The gas enters Germany at the border with the Czech Republic.

That made sense at an early stage in the heating season this year. In December there was a chain reaction in the world market. In Asia, the demand for gas was unusually high.

This is why many tankers transporting liquefied gas (LNG) were directed to Asia, and comparatively little LNG arrived in European ports. Prices climbed and gas was withdrawn from storage facilities quite early on.

The dispute over Nord Stream 2 has an impact on

The development also has something to do with the dispute over the Baltic Sea pipeline Nord Stream 2 . Gazprom had actually planned to deliver gas to Europe from the second Baltic Sea pipeline this winter.

Therefore, after long negotiations with Ukraine , the Russian gas company agreed in 2019 to continue delivering gas through the transit country to the west, albeit less than in previous years. This year it should only be at least 40 billion cubic meters. In 2019 it was 89.6 billion.

The Weekly Planet: The Big Idea From Bill Gates’s New Climate Book

  The Weekly Planet: The Big Idea From Bill Gates’s New Climate Book Call it the “Gates Rule.”

Gazprom is not only the overall spending leader but is the leader in midstream oil and gas development, too. They are expected to lead both in pipeline projects and in the natural gas processing segments. In the pipeline segment, Gazprom is estimated to spend (Sergei Karpukhin/Pool Photo via AP). In his meeting with Vladimir Putin last month, President Trump called the Russians strong competitors in energy markets. He said the U.S. would do what they could to increase market share for American LNG in Europe , adding that Gazprom ’s gas pipelines were more cost-competitive.

Russian energy giant Gazprom and its Turkish partners are currently in talks on how the TurkStream pipeline can be used for deliveries to the European market, said Elena Burmistrova, the chief executive of the Russian holding’s export arm Gazprom Export. Earlier, Burmistrova said that Gazprom may consider delivering some of TurkStream’s gas further to Europe , on the condition that the demand for gas in the country continues to decline. Gas purchases in Turkey declined significantly since 2019 for a number of internal reasons, including excessive supplies of liquefied natural gas .

In fact, Nord Stream 2 is not yet in sight. Construction was delayed due to threats of sanctions from the USA. The outcome of the conflict is open. Overall, Gazprom is thus delivering less gas to the west than in previous years, even after the increase in volumes.

While the gas in the storage facilities is running low in Germany , Ukraine recently reported record stocks. On Sunday there were 19.6 billion cubic meters in the storage tanks, around 3.2 billion cubic meters more than a year ago.

In Germany, 25 companies operate around 40 underground gas storage facilities. These are usually naturally created or artificially created cavities, for example in salt domes. The German storage facilities can cover around a quarter of the annual demand of a good 900 billion kilowatt hours of gas. Germany has the fourth largest capacities worldwide after the USA, Russia and the Ukraine.

With the storage facilities, the supply of natural gas, which is permanently imported via pipeline, can be brought into line with the demand from consumers and industrial customers, which fluctuates strongly over the course of the year. Usually gas is fed in in summer and withdrawn in winter during the heating season.

3 ways Texas could avoid another electricity crisis

  3 ways Texas could avoid another electricity crisis The answer is not more fossil fuel power plants.When the cold front hit over the weekend, electricity use soared to heat buildings, but the grid couldn’t keep up with demand. Natural gas plants, which supply the majority of the state’s electricity, were not equipped to operate at such low temperatures. Despite widespread false claims spread on Fox News that frozen wind turbines were solely to blame for the blackout, failures at these gas plants are the main cause of the crisis, a spokesperson for ERCOT told Bloomberg.

More: Read here, why German gas storage facilities have not been as empty for years.

reader favorites: Investing in the Far East: Investors can benefit from the boom in China with these 13 stocks

19 hours in the jet: Airlines are planning the comeback of the ultra-long haul route after the pandemic

Energy transition: Federal government paves the way for hydrogen networks

Baltic Sea pipeline: In the dispute over the north Stream 2, the USA and Germany are moving towards each other

Delivery problems: VDA: Due to border controls, the car industry may have to close plants from Monday

US Navy tests orbiting solar panel that may one day beam power .
The 12x12 inch panel is an early experiment for a technology that could one day harness solar radiation from the sun and beam it to anywhere on the Earth. It is designed to make the best use of light in space, which doesn't have to pass through the atmosphere where it loses energy before reaching the ground.The Pentagon one day envisages an array of panels in space that could send power to even the most remote parts of the planet and create a new global power grid.No details on timelines or costings have been revealed as part of the study.

usr: 2
This is interesting!