ANALYSIS: Italian gas supply sources shift in Q2, Russia now dominates - PLATTS

London (Platts)--7 Apr 2017 909 am EDT/1309 GMTStuart Elliott, edited by Alisdair Bowles
Since the start of the second quarter, gas flow dynamics around Europe have shifted -- both by route, source and destination -- pointing to continued supply flexibility in the European gas market.

Italy is often a good gauge of whether supply contracts are competitive versus each other and versus the northwest European hubs at any particular time, with Russian gas seemingly the most attractive since the start of Q2.

Italian buyers have import contracts with Russia's Gazprom and Algeria's Sonatrach, but can also import gas from the northwest European hubs, giving them options when long-term contract prices diverge from hub prices.

Turkey’s floating LNG imports deliver cheaper gas and energy security - LNG WORLD SHIPPING

Mon 03 Apr 2017

Turkey’s new floating storage and regasification unit (FSRU) will alleviate strain on seasonal imports and enables the country to diversify its sources of supply, writes Anders Norlen

Turkey’s gas consumption is rising fast and sharp seasonal demand swings and limited storage mean supply is tight over winter. Deploying FSRUs offers a solution to Turkey’s problems.

The Turkish gas market has grown over the last 10 years from 27bcm in 2005 to 48bcm in 2016. About 70 per cent of this demand growth has come from increased gas use in power and industry, reflecting the last decade’s robust economic growth and a 30 per cent hike in winter heating demand in the residential and commercial sector.

LNG fleet operator GasLog closes deal to buy 20% stake in Greece's Gastrade - PLATTS

London (Platts)--9 Feb 2017 924 am EST/1424 GMTStuart Elliott, Edited by Dan Lalor

• Gastrade is developing 6.1 Bcm/year Alexandroupolis LNG project
• FID set for 2017, FSRU to be operational by end-2019
• Plant has attracted interest of LNG producers, including US, Qatar 

LNG tanker fleet operator GasLog has closed a deal to take a 20% stake in Greek energy company Gastrade which is developing the planned 6.1 Bcm/year floating LNG facility at Alexandroupolis in northern Greece, the companies said Thursday.

GasLog's equity position in Gastrade will "materially contribute in the development of the Alexandroupolis project", Gastrade said.