The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe’s biggest producer to the EU’s 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.

Nearly half of these countries are currently grappling with cutbacks in Russian gas supplies. Brussels said 12 EU member states are facing gas cuts after Russia reduced the flow through the Nord Stream 1 pipeline last week, citing technical issues.

‘EU’ Norway Agree to Increase Gas Deliveries as Russian Cuts Deepen | Devamı>>>

As oil and gas operations were disrupted significantly by the onset of the Covid-19 pandemic in 2020, it became evident that greater digitalization was vital to ensure the maintenance of operations when worker access is limited. With innovative solutions popping up from start-ups around the world and greater interest from oil majors, it is only a matter of time until we see greater digitalization across the oil and gas industry.

During the pandemic, governments introduced several rounds of varied restrictions on the movement of people and limitations on access to the workplace. 

Digitalization is a Necessity, Not a Choice, for the Oil and Gas Industry | Devamı>>>

Sky-high European demand drove U.S. liquefied natural gas (LNG) exports to a record in December, Refinitiv data showed, with winter supply worries set to sustain orders for the fuel.

About half of the record U.S. LNG volumes shipped last month went to Europe, up from 37% earlier in 2021, data from Refinitiv and the U.S. Energy Information Administration showed.

The gains reflected soaring demand for the home heating and industrial fuel that pushed prices in Europe and Asia to record highs.

Gas Gap in Europe Drives U.S. LNG Exports to Record High | Devamı>>>

Natural gas supply is set to rise incrementally in the coming years, before jumping in 2025, analysts told CNBC. But analysts are divided on whether demand will continue to outstrip supply in years to come.

The current gas crisis will likely repeat itself again, said Richard Gorry, managing director of JBC Energy Asia. “ This will be a crisis that is reoccurring over the next three or four years — simply because we don’t have a lot of new natural gas supply coming into the market in that period, ” he told CNBC’s “Capital Connection” in mid-October.

Are High Naturel Gas Energy Prices Here to Stay? | Devamı>>>

The 20-year Turkey-Azerbaijan gas agreement was renewed for a short time after 1 year of negotiations.

No price information and details regarding the agreement were shared, and Azerbaijan’s announcement by e-mail that the ‘temporary agreement was approved’ brought along comments that both parties aimed to take a position in the national and global market according to some developments and that the agreement would be valid until 2024.

Turkey was previously importing 6.6 billion cubic meters of gas per year from Azerbaijan within the framework of the agreement.

Turkey-Azerbaijan Gas Agreement Renewed After 1 Year of Negotiation | Devamı>>>