LONDON, March 7 (Reuters) – Ukrainian plans for expanding
Black Sea natural gas output have been thrown into doubt by
Russia’s seizure of Crimea, a region linked to most of Ukraine’s
Past price disputes between Russia and Ukraine have led to
the Russians cutting off supply, prompting Kiev to spur
development of its own resources including onshore shale gas and
Black Sea fields.
PRAGUE/LONDON, March 6 (Reuters) – Directing natural gas
from the European Union to Ukraine if Russia stops supplying its
western neighbour would fail to keep up with demand for long as
capacity between the EU and Ukraine is too small, analysts said
Ukraine last year imported around 28 billion cubic metres
(bcm) of natural gas from Russia, which wants to maintain its
influence over the former Soviet republic and fend off EU
efforts to limit Moscow’s sway.
LONDON, March 5 (Reuters) – The crisis in Ukraine has ended
one of the biggest short positions in recent European natural
gas trading as the threat of a Russian supply cut forced
speculative dealers to close positions they had profitably held
In gas markets, the natural sellers ahead of the winter,
when demand reaches a peak, are gas producers like Russia’s
Gazprom and Norway’s Statoil.
LONDON (Reuters) – British gas prices on Tuesday fell from two-week highs as worries eased that the stand-off between Russia and Ukraine may cut gas supplies, but traders kept a risk premium for futures contracts in case the crisis deepens.
President Vladimir Putin on Tuesday defended Russia’s right to send troops into Ukraine to protect compatriots he said were living in “terror” but also said he would use force only as a last resort.
LONDON (Reuters) – Ukraine’s crisis has prompted fresh calls for Europe to diversify away from Russian natural gas yet despite efforts to find new sources, Russia is set to remain the region’s dominant supplier.
Europe has tried to reduce its reliance on Russia but much of the potential new supply will compensate for falling production at home, rather than replace Russian imports, around a third of which pass through Ukraine.
LONDON, March 3 (Reuters) – Ukraine’s natural gas stocks can
meet four months of demand should Russia cut supplies and most
of reserves are in its west and far away from any potential
Russian intervention, industry sources said.
Ukraine meets around half of its gas demand through imports
from Russia, and it is also an important transit route for
Russian gas to the European Union.
LONDON/PRAGUE March 3 (Reuters) – A mild winter and improved
infrastructure mean Europe is less reliant on Russian natural
gas pumped through Ukraine than in past years, easing worries
that the escalating crisis in Ukraine could hurt supplies.
Russia is Europe’s biggest gas supplier, providing around a
quarter of continental demand, which at current daily flows of
270 million cubic metres (mcm) is worth almost $100 million a
day. Around a third of Russia’s gas is exported through Ukraine.
LONDON, Feb 28 (Reuters) – France’s Total plans to sell its
10 percent stake in Azerbaijan’s Shah Deniz II gas field
development, making it the second energy major to reduce its
exposure to a project promoted to help Europe diversify its
“Total’s strategy is to divest from projects where it has a
minority stake and favour those where it is the operator,” a
source with knowledge of the matter told Reuters on Friday.
LONDON/FRANKFURT (Reuters) – Tougher European financial regulations have prompted banks to leave power and gas trading, meaning greater dominance by utilities and trading houses and less appeal for investors.
The global commodities market for banks has shrunk to about $4 billion from as high as $12 billion at the end of the last decade, partly as a result of reflecting stricter restrictions on banks trading with their own money.
LONDON, Feb 4 (Reuters) – Natural gas has started to
challenge oil as the dominant transport fuel with companies
building gas-powered ships and installing networks of service
stations on water and land.
The expectation of cheaper gas and tighter environmental
regulation have created demand for a cleaner alternative to the
oil-based fuels that have so far dominated the transport world.