High Gas Prices News

A rapid startup of the Nord Stream 2 gas pipeline from Russia to Germany could help calm record-high gas prices in Europe, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, as Moscow awaits for regulatory clearance for gas flows to begin.Russia announced last week that it had completed construction of the $11 billion Nord Stream 2 to Germany, doubling its gas exporting capacity via the Baltic Sea. However, the start of gas flows via the route needs the approval of Germany's regulator…

China's total crude oil imports surged 7.3% in 2020 despite the coronavirus shock early in the year, with record arrivals in the second and third quarter amid plunging oil prices and expanding refineries, data showed on Thursday.For 2020, the world's top oil buyer brought in a record 542.37 million tonnes of crude oil, or 10.85 million barrels per day (bpd).December shipments were 38.47 million tonnes, equivalent to 9.06 million bpd, according to data released by the General Administration of Customs on Thursday.That was down about 15% from 10.71 million bpd in December last year and off 11.04

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas.Klaipedos Nafta is currently leasing a floating storage and regasification unit (FSRU), called Independence, from Norway's Hoegh LNG.The use of the vessel has allowed Lithuania to import LNG since 2014, breaking the monopoly Russia's Gazprom had on natural gas supply to the country as well as neighboring Latvia and Estonia."This will keep us able…

Traffic is up on BC Ferries over the same period last year, with March showing increases of over 5 per cent for vehicles and nearly 4 per cent for passengers. In March 2015, BC Ferries welcomed an additional 51,937 passengers and 29,861 vehicles compared to March 2014. February was even better with increases of over 10 per cent for passengers and nearly 11 per cent for vehicles. The corporation says the increases, along with high gas prices and a weaker Canadian dollar, will make for good business this summer. Fares were up April 1 by 3.9%, but with a 1% fuel rebate. “These numbers are very positive and we are optimistic we’ll have an outstanding summer for traffic on BC Ferries this year,” BC Ferries president Mike Corrigan said in a statement.

According to thehindubusinessline.com, Asia-US container traffic grew to the order of 6.9 per cent in the first half of 2007, rising to around 8 per cent for the first nine months, relative to the same period in 2006. Analyst forecasts predict, on average, similar or slightly higher cargo growth for 2008. That is slower than the 9.6 per cent growth posted for the full year 2006 to 6.5 million 40-foot containers, but it, nonetheless, reflects considerable resilience among US consumers, amid uncertainty over sub-prime mortgages, home values, tightening credit, high gas prices and a weak dollar, according to the Transatlantic Stabilization Agreement (TSA).

import terminals throughout the world. Environmental impact statements (EIS) issued by the U.S. on the environment, including fisheries. federal government in these EIS. overestimate the negative impacts to fisheries. responsible method of delivering clean-burning natural gas to meet U.S. energy needs," said Bill Cooper, executive director, CLNG. critically important to U.S. Gulf Coast. Cooper. "New LNG terminals are needed.