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Europe's dependence on one energy source is major problem, expert says

- 'We talk about renewables and energy transition but we are not ready yet,' says Axpo official

home > Lng/Lpg, Energy Diplomacy, Europe, Eurasia, General 02.11.2021 12:16

Europe's dependence on one energy source is major problem, expert says

Europe’s large dependence on one single natural gas supplier has contributed to the current energy crisis, according to the head of the LNG department at Swiss-based energy company Axpo.

Axpo head Antonio Canseco, in his speech during Europe’s largest and most influential meeting place for the global gas industry, the Flame energy congress in Amsterdam, advocated for the greater share of LNG in Europe to avoid dependency on Russian gas imports, stressing that Europe will start to see the importance of LNG as an alternative option for the continent’s energy needs.

'We talk a lot about renewables and energy transition, but we are not ready yet not to use gas for some more years. We have suffered from the dependency on one source,' he said.

David Ledesma, chairman of the Natural Gas Programme at the Oxford Institute for Energy Studies referred to Europe’s energy problems and the developments on the natural gas markets as a pricing crisis.

He said the next four months, covering the winter heating season, would be crucial for the European natural gas market, as this winter could be colder than expected to rapidly increase demand.

The Flame congress will run until Nov. 4.

By Murat Temizer in Amsterdam

Anadolu Agency

energy@aa.com.tr


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02.11.2021 Natural Gas , Lng/Lpg , Turkey , Europe , Eurasia , General

Europe's dependence on one energy source is major problem, expert says

- 'We talk about renewables and energy transition but we are not ready yet,' says Axpo official
02.11.2021 Lng/Lpg , Energy Diplomacy , Europe , Eurasia , General

Turkey's liquefied petroleum gas imports up 0.4% in August

- LPG production decreases year-on-year 8.9% to 85,495 tonnes, according to Turkey's energy watchdog
28.10.2021 Lng/Lpg , Turkey

Algerian LNG vessel to arrive in Turkey on Oct. 29

- Vessel is expected to reach its destination at the Aliaga LNG terminal at 08.00 local time
27.10.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on Oct. 23

- Vessel is sailing under flag of Bahamas
21.10.2021 Natural Gas , Lng/Lpg , Turkey , General

Qatar changes state-owned energy company’s name to ‘QatarEnergy’

- Move reflects country’s views on energy efficiency, Qatari energy minister says
13.10.2021 Oil , Lng/Lpg , World , Middle East-Africa

Natural gas market in temporary imbalance: Gas exporters forum

- Currently, global markets are simmering with concerns about winter natural gas prices, says GECF Secretary-General
11.10.2021 Natural Gas , Lng/Lpg , Energy Diplomacy , Europe , Eurasia , Americas , General

bp, NYK Line join forces to decarbonize shipping and heavy industry

- Switching to less carbon-intensive fuels is critical in enabling shipping industry to meet long-term decarbonization ambitions
16.09.2021 Lng/Lpg , Transportation/Fuel Oil , Europe

Turkey poised to become LNG bunkering hub with new tri-party agreement

- Tri-party agreement will help Turkey become bunkering hub for LNG supplies in Eastern Mediterranean, says BOTAS official
09.09.2021 Lng/Lpg , Invesments , Turkey , Asia , General

Algerian LNG vessel to arrive in Turkey on Sept. 10

- Vessel is sailing under flag of Bahamas
06.09.2021 Natural Gas , Lng/Lpg , Turkey , General

Turkey's LNG imports see dramatic fall as prices soar globally

- Share of LNG in total gas imports down 20% in first half of year from 45.7% level in same period of 2020
07.09.2021 Lng/Lpg , Turkey

Flame gas and LNG energy congress to be held in Amsterdam in November

- Gas demand updates, European supplies, Russian gas, LNG, the hydrogen economy and storage will be topics on table
04.09.2021 Natural Gas , Lng/Lpg , Europe , General

Venture Global, PGNiG finalize expansion of LNG partnership

- Access to American LNG gives opportunity to develop trade on global market, says Polish official
02.09.2021 Lng/Lpg , Europe , General

Algerian LNG vessel arrives in Turkey on August 30

- Tessala vessel reaches destination in Turkey on Monday
31.08.2021 Lng/Lpg , Turkey , General

Turkey's liquefied petroleum gas imports down 1.5% in June

- LPG production increases year-on-year by 110.4% to 95,376 tonnes, according to Turkey's energy watchdog
27.08.2021 Lng/Lpg , Turkey

Algerian LNG vessel arrives in Turkey

- Ougarta vessel reaches destination at Turkey's Aliaga LNG terminal on Wednesday
25.08.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on August 25

- Vessel is expected to reach its destination at the Aliaga LNG terminal at 08.00 local time
23.08.2021 Lng/Lpg , Turkey , General

Nigerian LNG vessel arrives in Turkey

- LNG Abuja II vessel reaches destination at Turkey's Marmara Ereglisi LNG terminal on Monday
24.08.2021 Lng/Lpg , Turkey , General

Spot market natural gas prices for Wednesday, August 18

- 1,000 cubic meters of natural gas on spot market costs 2,180 Turkish liras
19.08.2021 Natural Gas , Lng/Lpg

Algerian LNG vessel to arrive in Turkey on August 13

- Vessel is expected to reach its destination at Marmara Ereglisi LNG terminal at 07.00 local time
14.08.2021 Lng/Lpg , Turkey , General

Turkey's liquefied petroleum gas imports up 12.2% in May

- LPG production increases year-on-year by 29.8% to 87,154 tonnes, according to Turkey's energy watchdog
30.07.2021 Lng/Lpg , Turkey

Spot market natural gas prices for Friday, July 16

- 1,000 cubic meters of natural gas on spot market costs 2,092 Turkish liras
19.07.2021 Natural Gas , Lng/Lpg , Stock Market , Turkey

Algerian LNG vessel arrives in Turkey

- Lalla Fatma N'Soumer vessel reaches destination at Turkey's Aliaga LNG terminal on Friday
12.07.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on July 9

- Vessel is sailing under flag of Bahamas
07.07.2021 Lng/Lpg , Turkey , General

Spot market natural gas prices for Thursday, July 1

- 1,000 cubic meters of natural gas on spot market costs 2,105 Turkish liras
02.07.2021 Shale/Unconventional , Lng/Lpg , Stock Market

Turkey's LPG imports up 23.7% in April

- LPG production increases year-on-year by 35.3% to 83,772 tonnes, according to Turkey's energy watchdog
30.06.2021 Lng/Lpg , Turkey

Algerian LNG vessel arrives in Turkey on June 28

- Berge Arzew vessel reaches destination in Turkey on Monday
28.06.2021 Lng/Lpg , Turkey , General

Turkey's first publicly-owned FSRU project inaugurated

- Ertugrul Gazi vessel will be able to meet 8.2% of daily natural gas capacity supplied to the grid system
27.06.2021 Electricity , Lng/Lpg , Energy Diplomacy , Energy Security , International Organization , Energy Projects , Turkey

Norwegian LNG vessel to arrive in Turkey on June 28

- Vessel is sailing under flag of Bahamas
25.06.2021 Lng/Lpg , Turkey , General

LNG sector faces delays to 26 export terminal projects globally

- Capacity of projects facing delays totals 265 million tonnes per annum
25.06.2021 Lng/Lpg , Invesments

Spot market natural gas prices for Sunday, June 20

- 1,000 cubic meters of natural gas on spot market costs 1,786 Turkish liras
21.06.2021 Natural Gas , Lng/Lpg , Stock Market

Algerian LNG vessel arrives in Turkey

- Ougarta vessel reaches destination at Turkey's Marmara Ereglisi LNG terminal on Wednesday
17.06.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel to arrive in Turkey on June 16

- Vessel is expected to reach its destination at the Marmara Ereglisi LNG terminal at 05.00 local time
15.06.2021 Lng/Lpg , Turkey , Middle East-Africa , General

Black Sea gas discovery to strengthen Turkey's hand: expert

- Turkey's discovery should allow lower imports prices from Russia because of better negotiation position, says Oxford expert
13.06.2021 Natural Gas , Oil , Lng/Lpg , Energy Diplomacy , International Organization , Energy Projects , Turkey

Spot market natural gas prices for Tuesday, June 8

- 1,000 cubic meters of natural gas on spot market costs 1,772 Turkish liras
09.06.2021 Natural Gas , Lng/Lpg

BP, Pavilion Energy ink deal for LNG supply to Singapore

- Companies will cooperate to create greenhouse gas quantification and reporting system along with supplying LNG to Singapore
10.06.2021 Lng/Lpg , World , Asia

Norwegian LNG vessel to arrive in Turkey on June 11

- Vessel is sailing under flag of Bahamas
08.06.2021 Lng/Lpg , Turkey , Europe , General

Spot market natural gas prices for Sunday, June 6

- 1,000 cubic meters of natural gas on spot market costs 1,783 Turkish liras
07.06.2021 Natural Gas , Lng/Lpg

Asia drives LNG demand, Africa shows potential as key export region

- African countries have a total of 103.9 million ton per annum liquification capacity
04.06.2021 Natural Gas , Lng/Lpg

Algerian LNG vessel to arrive in Turkey on June 3

- Vessel is expected to reach its destination at the Aliaga LNG terminal at 08.00 local time
01.06.2021 Lng/Lpg , Turkey , General

Turkey's LPG imports up 24.03% in March

- LPG production decreases year-on-year by 23.09% to 73,112 tonnes, according to Turkey's energy watchdog
28.05.2021 Lng/Lpg , Turkey

Algerian LNG vessel arrives in Turkey

- Ougarta vessel reaches destination at Turkey's Marmara Ereglisi LNG terminal on Sunday
24.05.2021 Lng/Lpg , Turkey , General

Algerian LNG vessel arrives in Turkey on May 1

- Tessala vessel reaches destination in Turkey on Saturday
03.05.2021 Lng/Lpg , Turkey , General

Spot market natural gas prices for Saturday, May 1

- 1,000 cubic meters of natural gas on spot market costs 1,694 Turkish liras
03.05.2021 Natural Gas , Lng/Lpg , Turkey

Turkey ranks 3rd worldwide with LNG import rises in '20

- Turkey imports 1.3 million tonnes more LNG in 2020 than previous year
30.04.2021 Lng/Lpg , Turkey , Europe , Americas , General

All LNG of Arctic LNG-2 sold for next 20 yrs: Novatek

- LNG sales from Arctic LNG 2’s first liquefaction train is due to commence in 2023
29.04.2021 Finance , Lng/Lpg , Eurasia , General

Global LNG trade rises 0.4% in 2020 despite Covid-19

- LNG trade has proven resilient, increasingly diverse and global despite challenges imposed by Covid-19 pandemic
30.04.2021 Lng/Lpg , Energy Diplomacy , Turkey , Europe , Asia , General

Turkey's LPG imports down 17.31% in February

- LPG production decreases year-on-year by 33.65% to 59,419 tonnes, according to Turkey's energy watchdog
29.04.2021 Lng/Lpg , Turkey

Global LNG tanker fleet grows in 2020

- Forty new LNG fleet orders were placed across globe, including seven FSRUs and two vessels of less than 50,000 cubic meters
28.04.2021 Lng/Lpg , General

Nigerian LNG vessel arrives in Turkey on Apr. 26

- LNG Abalamabie vessel reaches destination in Turkey on Monday
27.04.2021 Lng/Lpg , Turkey , General
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