The EIA’s newest Henry Hub forecasts mark a notable increase to the organization’s previous projections. The U.S. Energy Information Administration (EIA) expects the Henry Hub natural gas spot price to Continue Reading
Highlights Summer-winter spreads just 10-15 cents at Eastern Gas Strong spot, near-term demand boosting summer prices Northeast gas storage 80 Bcf below average in mid-May Narrowing summer-to-winter forward price spreads Continue Reading
The European Union is gearing up to release emergency measures for a full-scale gas supply shock on Wednesday, with a leaked memo calling for a range of potential actions, from Continue Reading
Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make Continue Reading
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s… Africa has significant gas production Continue Reading
Most Americans support increasing U.S. natural gas production in order to export more of the fossil fuel to gas-starved Europe, a new poll from the Pew Research Center showed on Continue Reading
Europe has begun refilling depleted gas stores to shore up supply for the winter and guard against possible disruptions inflows from Russia, but a sky-high market means the move could Continue Reading
Diversification in action amid pivot away from Russian pipelines Collapse in UK, French, Spanish front-month prices for May Highest-ever receipts for France, Spain, Netherlands Record-breaking price spikes in Europe’s wholesale Continue Reading
Japan and the EU agreed on May 12 to cooperate and help each other’s security of LNG supply, and work together to reduce Europe’s dependency on Russian energy supply by Continue Reading
Summer-on-summer daily production growth forecast at 3.6 Bcf/d Production growth to come in 1 Bcf/d above demand growth US natural gas production will grow materially this summer comparedi with summer Continue Reading
U.S. natural gas production and demand will both rise in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Continue Reading
Russian energy giant Gazprom (GAZP.MM) said on Tuesday it was not technologically possible to switch gas transfers to Ukraine to a new entry point, as Ukraine’s gas system operator GTSOU Continue Reading
Ukraine and Russia clashed over natural gas sent via pipelines to Europe in a spat that could disrupt supplies from the former Soviet Union nation for the first time since Continue Reading
Russian gas producer Gazprom (GAZP.MM) said it continues shipping gas to Europe via Ukraine with volumes on Wednesday seen at 72 million cubic metres (mcm), down from 95.8 mcm on Continue Reading
Nominations for Russian gas transit via Ukraine at the Sokhranovka entry point for May 11 fell to zero, data from Ukraine’s gas pipeline operator showed on Wednesday, following Kyiv’s warning Continue Reading
U.S. front-month Henry Hub natural gas contracts ended 12% lower on Monday. Gas prices have passed the $8 mark last week as a result of soaring exports and strong domestic Continue Reading
Access to liquefied natural gas (LNG) terminals is important for Ukraine to help meet its energy needs, the head of Ukraine’s gas transit operator said on Monday. Sergiy Makogon, Director Continue Reading
Gazprom PJSC has written to its European clients seeking to reassure them that they can keep paying for gas without breaching sanctions, the latest indication that Russia may be trying Continue Reading
Warmer than usual spring weather, expectations of a hotter summer, and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices Continue Reading
Highlights 114 arrivals last month, compared to 94 in March Russia supply uncertainty prompts cargo deliveries The number of LNG ships arriving into Europe rose more than 20% in April Continue Reading
Deficit to five-year average widens to 306 Bcf NYMEX Henry Hub holds above $8/MMBtu Lower temperatures to limit injections into May Chilly spring weather across much of the country curbed Continue Reading
Germany has begun construction on its first LNG import terminal, and in the meantime, has rented four mobile floating tankers as it scrambles to rid itself of the need for Continue Reading
The Henry Hub natural gas benchmark settled at $8.415 a million British thermal units on Wednesday, more than double the price at the start of the year and far above Continue Reading
European natural gas fluctuated as traders weigh an outlook for milder weather and strong LNG shipments against the risk of a supply disruptions from Russia. Higher-than-usual temperatures are expected across Continue Reading
U.S. natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion of Continue Reading
Daily nominations, or requests, for Russian gas deliveries through Ukraine into Europe via the Slovakian border point of Velke Kapusany rose to their highest since the end of November on Continue Reading
Europe’s LNG terminals are maxed out as the region continues to import record amounts of gas. Europe is likely to import even more LNG in the coming years to displace Continue Reading
East Texas basis down over 20 cents this April Southeast LNG demand up 1.6 Bcf/d in 2022 Texas-Louisiana forward spreads wider in 2023 Premium gas prices at the US benchmark Continue Reading
In response to Russia’s move to cut off gas to Poland and Bulgaria, the Biden administration has authorized more LNG shipments from two U.S. plants currently in the development phase. Continue Reading
Survey predicts 42 Bcf build in the week ended April 22 Storage deficit would widen again to over 300 Bcf Milder temperatures point to larger end-April build US natural gas Continue Reading
Gas prices surged as Russia carried through with its threat to halt flows. Bloomberg News European gas rose after Russia blocked flows to Poland and Bulgaria, sending a warning to Continue Reading
Four European gas buyers have already paid for supplies in rubles as Russia demanded and further cutoffs if others refuse the Kremlin’s requirement aren’t likely until the second half of Continue Reading
Along this stretch of the Gulf Coast where wetlands yield to fuel and petrochemical plants, chatter has predictably turned to Europe’s energy dilemma, with giddy projections that it will feed Continue Reading
Russian gas producer Gazprom (GAZP.MM) said it was supplying natural gas to Europe via Ukraine on Sunday in line with requests from European consumers. Requests stood at 51.7 million cubic Continue Reading
One third of gas exports from Russia to the European Union via Ukraine could be lost if Russian forces continue disrupting operations in newly occupied areas, the head of Ukraine’s Continue Reading
Russian gas producer Gazprom (GAZP.MM) was supplying natural gas to Europe via Ukraine on Saturday in line with requests from European consumers, RIA news agency reported. Requests stood at 48.6 Continue Reading
Since the U.S. began exporting more natural gas than it imports, natural gas exports both by pipeline and as LNG have grown significantly. Since the United States began exporting more Continue Reading
Would be all-time high for Russian storage levels Slightly up on the level reached by end-October 2021 To hike the maximum withdrawal rate to 852.4 million cu m/d Russia’s state-controlled Continue Reading
Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort to cut Russian imports is expected to keep the market Continue Reading
Five years after the United States became a net exporter of natural gas on an annual basis , the country’s natural gas exports both by pipeline and as liquefied natural Continue Reading
In a concerted move to move away from its heavy reliance on Russia amid the Ukraine crisis, Germany authorities have finally given in and allowed gas drilling to proceed in Continue Reading
Europe is desperate to replace Russian gas, which has driven the U.S. to export as much LNG as it possibly can. 12 new LNG projects in the U.S. have already Continue Reading
Highlights Cash prices leap 50-90 cents higher in April 18 trading NYMEX Henry Hub May settles at high of $7.82/MMBtu CAPP Rail coal-to-gas switching is around $9/MMBtu: Analytics US cash Continue Reading
Stumbling gas production averages 13.8 Bcf/d in 2022 Rig count, new drilling, well completions accelerating Pipelines, local demand support growth to 17-18 Bcf/d Long-haul natural gas pipelines from the Permian Continue Reading
A vessel docked at a jetty on Louisiana’s coast is claiming its cargo of liquefied natural gas. Ice forms on a pipe as chilled fuel extracted from fields as far Continue Reading
China’s Guangdong province will boost gas consumption by 65.5% in the five years to 2025 on the back of industrial coal-to-gas switching and new natural gas-fired power plants, the provincial Continue Reading
Gazprom PJSC ’s average daily exports to key foreign buyers so far in April fell to the lowest in three months, as warmer weather and lower spot prices started to Continue Reading
U.S. President Joe Biden’s plan to expand liquefied natural gas (LNG) shipments to Europe to cut the region’s dependence on Russian fuel risks undermining his administration’s climate goals by encouraging Continue Reading
Europe is determined to wean itself off Russian natural gas following Putin’s decision to invade Ukraine, and U.S. LNG is one of the major alternatives. Biden has already committed to Continue Reading
Rockies spot gas climbs above $6.70/MMBtu on April 14 Demand for Rockies gas could remain elevated in near term Spot natural gas prices in the Rockies hurtled up to two-month Continue Reading
