Germany: Beginning of €7 billion gas infrastructure project to switch 30% of its gas customers from low-calorie Group L to H natural gas. H gas is also imported from Denmark/Norway, Russia, LNG terminals in The Netherlands. https://t.co/eJcUs7RF6k
J Stern on EU Gas Trading in Transition: Much of European wholesale gas prices set by trading hubs which means any new buyer of gas or someone renewing a contract whether piped from Russia or delivered from US will be based on some form of hub price
https://t.co/FxVFVXXHKF
Also discussed increasing the volumes of bilateral energy trade & enhance our sourcing of US crude subject to reasonable pricing. Explored opportunities for US investments in several areas of Indian oil & gas sector including gas pipelines, LNG terminals &CGD networks.
Distributive #LNG and the #Hydrogen Economy will be in focus next week at our #Europe Conference 2018 at the @Beursvanberlage in #Amsterdam. Our sponsors Cryostar and Prima LNG are joining us, are you? More info here https://t.co/k2juZSgy7r
Another day in the world of petroleum #OOTT
- Brent crude #oil fast approaching $75 a barrel
- M1-M2 backwardation widening to +70 cents
- #OPEC monitoring committee meeting in KSA
- #SaudiArabia signals ambition for $80 price
- Market fears sanctions on Iran, Rusian crude