Gazprom’s exports to Europe slightly up in April
Gazprom’s exports to Europe slightly up in April
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Natural Gas News
Gazprom’s exports to Europe slightly up in April
Summary
Pipeline deliveries were up 3% month on month but down 75% versus a year earlier. by: Reuters
Gazprom’s exports were slightly up (+3%) in April versus last month but down a massive 75% versus a year earlier. Gazprom’s export volumes are staying in the expected range forecasted to be between 0.9 and 4.5bn m3/month, with this month an increase via Turkey (+19%) and a drop via Ukraine (-7%). After more than a year of war in Ukraine, it is important to note that more than half of Gazprom’s exports to Europe are still transiting via the Ukrainian grid. Russian pipe exports to Europe are on ...
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Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.