FID For $13.2B Louisiana LNG Project
This transaction represents the largest project financing in the world closed to date in 2022. Venture Global LNG has announced the successful closing of the $13.2 billion project financing for Continue Reading
Global LNG markets brace for unknowns ahead of winter
Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top importer China in the run-up Continue Reading
EU Working on Gas Deal With Egypt, Israel to Shore Up Supplies
The European Union is working on a deal to import Israeli gas through Egypt as the bloc rushes to reduce its reliance on Russian supplies. The fuel would be converted Continue Reading
EIA US natural gas storage report likely to post widest deficit yet for 2022
Survey predicts 87 Bcf build in the week ended May 20 Storage deficit would widen further to 320 Bcf NYMEX gas futures rally, trading near $9/MMBtu US natural gas in Continue Reading
Europe, Asia gas buyers switching to long-term supplies to beat volatile prices
Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will Continue Reading
Gas generation down across US West this spring as renewable capacity grows
Power burns down 260 MMcf/d spring 2022 vs. 2021 8.1 GW of renewable capacity installed over past year Commerce tariff investigation could slow solar growth Recent growth in renewable generating Continue Reading
EU plans first joint gas buying before winter
The European Union plans to start jointly buying gas before winter, the bloc’s energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and Continue Reading
Russia’s Gazprom says gas transit via Ukraine down at 43 mcm
Russian gas producer Gazprom (GAZP.MM) said it continues to supply gas to Europe through Ukraine via the Sudzha entry point, with volumes on Monday seen at 43 million cubic metres Continue Reading
U.S. Natural Gas Prices Fall As Colder Weather Approaches
U.S. natural gas prices fell on Friday afternoon on the expectation that temperatures in the United States are set to cool off soon. Natural gas futures fell to $8.076/MMBtu (-2.79%) Continue Reading
LNG Demand Is Soaring As Europe Races To Replace Russian Gas
Europe is driving global LNG demand as it rushes to replace Russian gas before winter. Europe has displaced Asia as the growth driver of LNG demand and is no longer Continue Reading