Fuels

American Tankers came and the Price of Gas in Europe fell Sharply

Natural gas in Europe has fallen to 70 euros per megawatt-hour, approaching levels not seen in the last two months. This is happening against the background of increasing flows of liquefied natural gas, higher wind energy production, and increasing use of gas from storage facilities in Germany.

Europe: The Conditions for a Cold Winter with High Gas Prices are Set

Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.

Saipem contracted to transport, install pipeline in Sakarya Gas Field

Italian multinational oilfield services company Saipem will transport and install pipelines for Turkey's Sakarya Gas Field located in Blacksea.

The company was awarded two new offshore contracts for transportation and installation activities for a total amount of over $600 million, Saipem announced on Nov. 15.

China is Increasing Coal Production. Calls on the Population to Stock Up on Food

China is increasing its daily coal production by more than a million tons in the context of electricity shortages and at a time when leaders from around the world are negotiating in Glasgow on an agreement on how to save our planet from global warming, AFP reported.

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