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The European Union has reached an agreement on the 14th round of sanctions against Russia, which is the first time targeting liquefied natural gas.
① The sanctions seek to ban the use of European ports as transshipment points for Russian liquefied natural gas, rather than completely banning the import of Russian natural gas; ② Von der Leyen claimed: "This strong package of measures will further prevent Russia from obtaining key technology, deprive Russia of more energy income, and undermine Russia's shadow fleet and shadow banking network abroad."
Wind power or henry hub natural gas, who will be the new engine of the American electric power revolution?
Data centers are the backbone of internet and AI applications, and leaders in the wind power industry believe that economic benefits are enhanced as prices of cecep solar energy panels and batteries decrease. However, natural gas producers believe that they are better equipped to meet the surging demand, especially for data centers.
What happened? Last month, Russia's natural gas supply to Europe surpassed that of the USA.
Although Europe has been trying to reduce its dependence on Russian fossil fuels since the outbreak of the Russia-Ukraine conflict, an unexpected situation occurred last month: in May, Europe's imports of natural gas from Russia (including liquefied natural gas) surpassed those from the United States for the first time in nearly two years.
Australia's important LNG plant has shut down during the critical supply interruption in Norway, which exacerbates the global natural gas supply tension.
Part of an important liquefied natural gas (LNG) export facility in Australia stopped production on Monday, which could further tighten global natural gas supply.
Global henry hub natural gas supply tightens? Important LNG facilities in Australia are shut down.
①An important liquefied natural gas (LNG) export facility in Australia has stopped production, which could further tighten global natural gas supply; ②The Nyhamna natural gas processing plant in Norway reported an unexpected shutdown event, and the natural gas flow from the North Sea to the Easington terminal in the United Kingdom plummeted to zero.
A small crack in a pipeline has pushed Europe's Henry Hub natural gas futures to a new high for the year.
Since 2022, Norway has surpassed Russia as the largest supplier of Henry Hub natural gas in Europe. Gassco, the operator of Norway's natural gas pipeline, has stated that it is currently unclear how much time it will take to repair the pipeline.