Some of the world’s biggest importers of liquefied natural gas (LNG) are reducing orders in the face of a 500% price surge within a year, raising concerns among major producers Continue Reading
With winter fast approaching and a stunning energy price surge pummeling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas Continue Reading
Just as natural gas prices surged to records in Europe and Asia, commodity-hungry China secured this week a major LNG supply deal with top exporter Qatar Chinese authorities are reportedly Continue Reading
Thanks to higher natural gas prices, U.S. oil producers are generating a larger share of their revenues from natural gas. The share of natural gas in revenues jumped to 14 Continue Reading
Oil producing countries could lose more than $80 billion dollars a year due to global gas flaring, according to GlobalData. Oil producing countries could lose more than $80 billion dollars Continue Reading
Europe’s gas crisis is crushing businesses and weighing on the region’s entire economy. U.S. LNG producers are looking to capitalize on soaring global natural gas prices According to one energy Continue Reading
Crumpets Could Become Victim of U.K. Energy Crisis If there’s any country that might’ve been in a position to rescue Europe from its energy crisis, it’s the U.S. — home Continue Reading
Snow covered transfer lines leading to storage tanks at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland, March 18, 2014. REUTERS/Gary Cameron/File Photo Sept 28 (Reuters) Continue Reading
In recent years, U.S. production of natural gas has soared, turning the country from a net importer of the fuel to an exporter, largely due to growth in the Appalachian Continue Reading
The front-month Dutch TTF Gas Futures, the benchmark for European gas, have jumped to €85/MWh Falling temperatures in the UK and in parts of the rest of Europe, as well Continue Reading
Dutch TTF and UK NBP natural gas prices hit all-time settlement highs on Monday—up 11% as the front-month contract is set to soon expire and the European gas crisis worsens. Continue Reading
Dutch TTF and UK NBP natural gas prices hit all-time settlement highs on Monday—up 11% as the front-month contract is set to soon expire and the European gas crisis worsens. Continue Reading
After oil majors promised to impose tighter regulations on gas flaring, following widespread criticism over the levels of gas being released into the atmosphere as a waste product from oil Continue Reading
Highlights Unit could be producing before end of year Strong netbacks incentivizing US output push Feedgas deliveries to Cheniere Energy’s Sabine Pass liquefaction facility in Louisiana hit their highest level Continue Reading
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are Continue Reading
Gastech, the first major in-person industry event since the pandemic started, couldn’t have happened at a better time to show that despite the push toward renewable energy, natural gas will Continue Reading
Global record-high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as Continue Reading
Seizing on higher US natural gas prices expected this winter, a group of industrial manufacturers is making a pitch for the Department of Energy to limit LNG exports and put Continue Reading
As the cat-and-mouse game continues over Russian gas to Europe, Russian Gazprom has refused to allow more gas into Europe via Ukraine for October, sending prices soaring another 10 percent Continue Reading
A manufacturers trade group on Friday urged the Department of Energy to order U.S. liquefied natural gas (LNG) producers to reduce exports, warning of price increases and supply shortages this Continue Reading
Highlights Westbound Permian flows down 450 MMcf/d since Aug. 15 West Texas gas production down 2% to 12 Bcf/d in September Early-September price spike fuels bullish winter outlook An ongoing Continue Reading
Highlights NGPL Midcontinent at 24 cent discount to Henry Hub Transmissions up 200 to 300 MMcf/d, July 1 to date Storage level at 188 Bcf, record low for mid-September Weak Continue Reading
The Kremlin today said that a rapid start-up of the controversial Nord Stream 2 pipeline would help to correct sky-high gas prices across Europe amid a squeeze in supply. Spokesman Continue Reading
Getting a permit to burn excess natural gas at Texas oil wells is getting a little bit harder. Texas Railroad Commissioners limited an oil driller to flaring gas for just Continue Reading
Natural gas production is set for a significant increase over the next year thanks to the current imbalance between demand and supply, which has pushed prices to record highs , Continue Reading
Sept. 3: High gas prices are a problem for Europe, says Enel’s CEO. Natural gas prices in the U.K. and the Netherlands soared to record highs as concerns over tight Continue Reading
Frackers in America’s largest oil field are letting massive amounts of natural gas spill into the atmosphere. Scientists and activists are trying to find the leaks and get them plugged Continue Reading
Liquefied natural gas shipments tagged “carbon neutral” are gaining popularity among Asian buyers, despite criticism that the offsets used to justify the label don’t actually cancel out planet-warming emissions generated Continue Reading
Mineral Resources Limited revealed that recent drilling activity led to a ‘significant’ gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, Australia. Mineral Resources Limited (MRL) Continue Reading
Exxon Mobil Corp. will offer some of its Permian Basin shale gas for certification by a nonprofit that assesses methane leaks, a move that comes as the oil industry faces Continue Reading
US natural gas storage fields likely added about half the five-year average in the week ended Sept. 3 as offshore production has been slow to recover following Hurricane Ida and Continue Reading
Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars, Continue Reading
Surging liquefied natural gas (LNG) prices are prompting utilities across Asia and the Middle East to burn more high-sulphur fuel oil (HSFO) than usual to meet increased power demand during Continue Reading
Liquefied natural gas (LNG) buyers with long-term contracts are asking their suppliers for extra volumes of the super-chilled fuel pegged to oil prices which are currently much lower than spot Continue Reading
Highlights Permian production down 300 MMcf/d from 30-day average 83% of USGC gas production still offline as of Sept. 1: BSEE Cash prices for next-day flows of gas in the Continue Reading
Trucked LNG prices in southern China, including Guangdong and Fujian provinces, have surged to around Yuan 6,000/mt ($527.66/mt) in the last couple of weeks, a record high for the summer Continue Reading
Aug LPG loadings for Asia seen holding at 3.7 mil mt Sep US LPG loadings seen around 4 mil mt Propane premium to butane narrows to $1/mt LPG cargo loadings Continue Reading
Highlights Platts JKM already teasing $18/MMBtu Trading reflects concerns about steep price trajectory Gas inventories in North Asia, Europe closely watched Asia’s LNG importers expect high spot prices this winter Continue Reading
Highlights Chicago futures $2 higher year over year Midwest nuclear plants slated to retire Gas-fired power demand in the US Upper Midwest might prove more than expected in the months Continue Reading
German Chancellor Angela Merkel has said natural gas should never be used as a geopolitical weapon and backed extending an energy partnership deal with Ukraine once it expires in 2024. Continue Reading
Europe is facing a potentially tough winter with natural gas supply nowhere near enough to meet heightened seasonal demand, Bloomberg has reported, citing storage data and industry insiders. LNG deliveries Continue Reading
A new California building code is a leap forward for reducing the use of natural gas, with rules that set a strong preference for electric heating in new construction. That’s Continue Reading
Gas prices in Europe took a dive on Wednesday as faulty data suggested that Russia’s Nord Stream 2 gas pipeline had started flowing. In a digital age that is rather Continue Reading
Winter preparation work ‘cannot be paused’: Gazprom August deliveries comparable to normal winter demand Gazprom production up by 18.1% in year to date Russia’s Gazprom said Aug. 16 that high Continue Reading
One of the U.S. shale pioneers, Chesapeake Energy, is back in business six months after emerging from bankruptcy with a major acquisition— marking its return to the shale gas basin Continue Reading
The is the fourth article in a series on BP’s recently-released Statistical Review of World Energy 2021 . Previous articles provided an overview of this year’s Review, an examination of Continue Reading
Highlights Agua Dulce, Texas Eastern STX, Tenn Zone 0 move lower Whistler deliveries to interstates continue ramping up Permian Basin now key supplier to Texas Gulf Coast market Gas delivered Continue Reading
Highlights Texas, Southeast Natural gas prices rise amid tight supply and demand balance Record-high temperatures, LNG exports lend strength to prices US natural gas spot prices at the Agua Dulce, Continue Reading
One week after we first observed the staggering surge in European natural gas prices, those same prices hit a new record high as a slow at first, then much faster Continue Reading
Drones darted in patterns above natural-gas wells in the hills of southwest Pennsylvania, as men atop water tanks pointed specialized cameras, and a helicopter outfitted with a laser-light detection system Continue Reading
