Latest news with #gasreserves
Al Arabiya
01-07-2025
- Business
- Al Arabiya
Ukraine gas reserves exceed 8 billion cubic meters: Analyst
Gas reserves in Ukrainian storage facilities exceeded 8 billion cubic meters (bcm) as of June 28 but remain at the lowest level in the last 11 years, analysis firm ExPro said on Tuesday. Ukraine has been forced to ramp up gas withdrawals from storage and increase imports this winter and spring after Russian missile attacks damaged production facilities in the east of the country. ExPro said that storage facilities were almost 26 percent full, and the volumes were 19.6 percent, or by 1.9 bcm, lower than at the same date year earlier. The consultancy said gas injection volumes remained higher than last year and between June 1 and 28, 1.25 bcm of gas was pumped into storage facilities. It noted that since the beginning of this year's gas injection season on April 17, 2.6 bcm of gas had been pumped into storage facilities. Ukrainian energy minister said last month Ukraine had to import at least 4.6 bcm of gas for the 2025/26 winter heating season.
Bloomberg
24-06-2025
- Business
- Bloomberg
Germany's LNG Rush Benefits Neighbors as Storage Levels Lag
Germany's liquefied natural gas terminals are busier than ever, but much of the fuel they import is flowing abroad — leaving domestic storage levels stubbornly low. Flows into the nation's four floating terminals have surged in recent months amid a rush to replenish gas reserves, according to ship-tracking data compiled by Bloomberg. But rather than filling domestic storage sites, large amounts of the fuel are heading to Austria and the Czech Republic, and onwards to Hungary and Ukraine.
Khaleej Times
20-06-2025
- Business
- Khaleej Times
Nepal: Methane gas reserves discovered in Himalayan nation
Nepal's Prime Minister KP Sharma Oli welcomed as "good news" on Friday the discovery of large methane gas reserves in the Himalayan nation in a joint study with China. "The news that there are 112 billion cubic metres of gas... is good news," Oli said in a Facebook post. The Department of Mines and Geology said the gas was discovered in the western district of Dailekh. "This is an initial estimate. Lab tests of the samples will give more information on the characteristics of the reserve," Prakash Luitel, a geologist at the department, told AFP. The study was conducted with the government-run China Geological Survey. "The final report is expected in December. We will then get better information for the next stage," said the mines and geology department's spokesman Mukunda Bhattarai. He said drilling was done at a depth of up to 4,013 metres (13,166 feet). Petroleum products remain landlocked Nepal's top import despite Kathmandu boosting energy production in recent years through a dam-building spree. Nepal spent more than $1.5 billion on petroleum products over the past 10 months, accounting for nearly 16 percent of total imports, according to central bank data.
Al Arabiya
20-06-2025
- Business
- Al Arabiya
Nepal PM welcomes ‘good news' gas discovery
Nepal's Prime Minister KP Sharma Oli welcomed as 'good news' on Friday the discovery of large methane gas reserves in the Himalayan nation in a joint study with China. 'The news that there are 112 billion cubic meters of gas... is good news,' Oli said in a Facebook post. The Department of Mines and Geology said the gas was discovered in the western district of Dailekh. 'This is an initial estimate. Lab tests of the samples will give more information on the characteristics of the reserve,' Prakash Luitel, a geologist at the department, told AFP. The study was conducted with the government-run China Geological Survey. 'The final report is expected in December. We will then get better information for the next stage,' said the mines and geology department's spokesman Mukunda Bhattarai. He said drilling was done at a depth of up to 4,013 meters (13,166 feet). Petroleum products remain landlocked Nepal's top import despite Kathmandu boosting energy production in recent years through a dam-building spree. Nepal spent more than $1.5 billion on petroleum products over the past 10 months, accounting for nearly 16 percent of total imports, according to central bank data.
