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TECHNOLOGIE & TRANSFORMATION VON FOSSILEN UND GRÜNEN ENERGIETRÄGERN TECHNOLOGY & TRANSFORMATION OF FOSSIL AND GREEN ENERGIES

Natural Gas

Gas import price rushes from record to record

There is nothing surprising about the preliminary data from the German Federal Office of Economics and Export Control (BAFA) on German natural gas import volumes and prices. The gas import price reached a new high for another month in a row in December. Compared with November, it rose by another 1,886 € – and thus by 20.5% – to 14,791 € per TJ (equivalent to around 5.32 cents per kWh). Compared to December 2020 ...

Saudi Arabia announces increase in oil and gas production capacity

At the opening of the International Petroleum Technology Conference (IPTC) 2022, which will be held in Riyadh from February 20-23, the Saudi energy minister announced a continuation of investment in oil and gas production - coupled with an increase in production capacity ...

Can’t or won’t OPEC meet its production targets?

The White House sent two staffers to Saudi Arabia in mid-February to urge the kingdom to produce more oil. The background is fears that energy prices could rise further in the event of a Russian invasion of Ukraine. President Joe Biden had warned of such a price increase scenario...

IEA Gas Market Report Q1 2022 - China for the first time the world's largest LNG importer

According to the latest gas market report from the International Energy Agency (IEA), supply in international markets in 2021 failed to keep pace with the 4.6 percent increase in global demand for natural gas compared to 2020. This has led to shortages ...