Gazprom Sees Surge in Natural Gas Exports to Europe Amidst Shifting Energy Market Dynamics
Russia’s Gazprom experiences a 23% increase in natural gas exports to Europe in June 2024, following a shift in energy market dynamics post-Ukraine invasion. Despite decline in overall exports compared to previous years, Gazprom sees rise in gas sales to China. Strategic decisions by Gazprom will impact global gas market dynamics.
Paraguay Pursuing $1.5 Billion Gas Pipeline Project with Argentina and Brazil
Paraguay is in discussions with energy firms from Argentina and Brazil for a $1.5 billion gas pipeline project, aiming to rival Bolivia’s proposal. The initiative could reshape regional energy dynamics, with plans for a route spanning 110 kilometers from northern Argentina to the Paraguayan border. Brazilian Mines and Energy Minister, Alexandre Silveira, supports the project but calls for further feasibility studies.