Turkmenistan #natgas data is appearing in the Turkish EPDK regulator monthly report! 😲 Looks like an average of 4.3mcm/d over April. This is swap volume via Iran. It will be interesting to see what the June numbers say when they get released. 🇹🇲🇹🇷

Shell’s announced Ormen Lange phase 3 #natgas expansion will formally increase the field’s technical capacity to 31mcm/d on 1-Jul, from the current 18.6. It’s actually been running at 32mcm/d since 23-Jun, as the new kit comes online. The extra 66% is much appreciated. #TTF #LNG

Russia’s #Gazprom talks about its current and future pipe #natgas relationship with China’s #CNPC, with zero mention of Power of Siberia 2. Further evidence that the proposed 50bcma pipe is not happening any time soon. #ONGT #LNG #TTF

I do too! IMHO this is saying Henry Hub #natgas will be the global benchmark by 2030, with Europe’s #TTF priced as a spread to the US. Just as E. Asia is to NW Euro, or once-upon-a-time Zee was to NBP. I don’t see these forwards suggesting Europe will not be able to import #LNG.

Fico's rejection of EC plan to cut #natgas supplies from #Gazprom. #TTF

Thanks to the dudes at National Gas for an informative morning in Westminster on #natgas as well as H2, biomethane & CCS at their regular Energy Forum. Still think old skool gas will be going strong in the GB grid and the #NBP come 2050 though!

I’m curious what this #Gazprom #natgas concession from Ursela to Robert really means in practice. More Russian spot vols to Slovakia for longer than initially planned, perhaps?? #TTF

So could a non-EU entity then still operate, maintain, flow and buy #natgas through either Nord Stream 1 or 2, then?? #Gazprom #TTF

As Syria #natgas imports from Azerbaijan via Turkey due to start today, 2 Qs: 1. Did the UNDP-backed deal for Qatar to supply Syria via Jordan & AGP go beyond 50days? (Logically meant Israel swaps had to be used.) 2. Will Russia swaps be needed for Azerbaijan deal? #ONGT #LNG

Opening Syria flows at 3.4mcm/d, so not full capacity of 6mcm/d. Also, its a swap of one sort, between Azerbaijan and Turkey. Still begs the question then where Botas is sourcing the volume. #natgas

The expected expansion of the EMG pipe from Israel to Egypt, via INGL’s Ashdod-Ashkelon compressor works, was originally meant to be ready before the war. Presumably the Leviathan partners are now confident it will happen soon. #natgas #LNG #ONGT #TTF

For all the talk from Azerbaijan that its increasing the number of countries it is exporting #natgas to, its useful to remember the actual volume has not really changed much. Many deals in the last 24 months have been fairly short-term, with SOCAR then moving on. #TTF #ONGT

The EBRD’s loan of €500m to Ukraine’s Naftogaz to buy #natgas will cover about 1.4bcm at current front month #TTF prices. So not that much given the storage situation. But every little helps!

Centrica’s Thursday Isle of Grain #LNG investment and its general disdain for its Rough #natgas storage facility are a pretty good reflection of how GB/UK/Euro gas security has evolved and how/why #NBP is priced as it is. #ONGT #TTF Its a global market now.

Phase 1 of Aramco’s Jafurah phase 1 is due to complete this year. Production of #natgas is expected to reach a sustainable sales rate of 2.0 bcfd (55mcm/d) by 2030. In case you were wondering. (From last week’s Q2 report.)

Lowest Euro #TTF close in over a year, I think. I’m doubtful this Euro #natgas weakness is a function of Anchorage optimism (that could lead to Arctic 2 #LNG being un-sanctioned).

Geoff Karren Markus Fotos EU #natgas stocks ticking up quite happily (now at 73%), thanks to weak Euro demand, and decent #LNG imports. Those imports able to stay high for the time year thanks to weak Asian & S American LNG arrivals and ongoing export growth from the US.

TMM Update: After an 8-month career break, next week I’ll be rejoining the wonderful world of #natgas & #LNG. And just in time to catch up with many of you dudes over in Milan for #Gastech! More details next week. 😝 Also, here is a pic from Legoland, earlier this week.