economics
Dutch benchmark wholesale gas falls to two-year low
The Dutch wholesale natural gas price for the month ahead fell to a two-year low morning, which could offer some relief to consumers and some businesses who have been paying high energy bills over the past year.
Asian spot LNG prices slide for fifth straight week on low demand
Asian spot liquefied natural gas prices have weakened for the fifth consecutive week on muted demand due to healthy stocks, remaining at their lowest level in two years.
U.S. natgas futures fall 4% to two-week low on lower demand forecast
U.S. natural gas futures fell about 4% to a two-week low on a collapse in global gas prices, record U.S. output, rising Canadian exports and forecasts for milder U.S. weather and lower than previously expected demand next week.
Higher inventories, output to weigh on U.S. natgas prices this summer
Ample storage levels, milder weather and a boost in production are likely to place downward pressure on US natural gas prices this summer, even as demand is seen reaching record levels.
Finland's LNG import terminal fully booked for Q2 and Q3
Finland’s floating storage and regasification unit is fully booked for liquefied natural gas imports in the second and third quarters this year.
Finland's Gasgrid, Sweden's Nordion plan 1,000 km hydrogen network
Finland’s Gasgrid aims to establish a hydrogen pipeline network around the Bothnian Bay measuring 1,000 km by 2030.
Saudi Aramco to develop 400 mcf per day Iraqi gas field
Saudi oil giant Aramco will develop a gas field in Iraq that could produce more than 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel-Ghani said.
German cabinet approves legal framework for hydrogen core network
The German cabinet on Wednesday passed a draft law to create a framework for a hydrogen core network scheduled to go into operation by 2032, as Berlin aims to move away from fossil fuels and become climate-neutral by 2045.
As gas reserves wane, Philippines faces rising costs in switch to LNG
With just four years before the Philippines' only gas field is set to run dry, the country has started importing liquefied natural gas, creating a fresh headache for a government struggling to curb high inflation.
China's main import gas pipelines
China, the world's third-largest gas buyer, imports the fuel in gaseous form via long-distance pipelines from three sources - central Asia, predominantly Turkmenistan, as well as Russia and Myanmar.
China prioritizing Turkmenistan over Russia in next big pipeline project
China is accelerating the building of a long-delayed Central Asian pipeline to source gas from Turkmenistan even as Russia pushes its own new Siberian connection, as Beijing juggles its energy security needs with diplomatic priorities.
Canada natgas exports to U.S. back at levels seen before Alberta wildfires
Canadian natural gas exports to the U.S. this week returned to levels seen before wildfires in Alberta and other western provinces over the past three weeks forced producers to shut oil and gas wells and cut the amount of fuel flowing in pipelines.
German gas group SEFE on track for 30% of LNG in 2023 supply portfolio
German gas importer and trader SEFE said liquefied natural gas was likely to make up 30% of its source of supply as the state-controlled company moves away from pipeline gas which Russia used to supply.
Ukraine has collected 9.3 bcm of gas for 2023/24 heating season so far
Ukraine is continuing to pump natural gas into underground storage facilities, collecting 9.3 billion cubic meters (bcm) for the 2023/24 heating season, Ukrainian energy ministry said.
TotalEnergies prepares for Mozambique LNG restart
French energy company TotalEnergies will relaunch its Mozambique LNG project once it has followed the recommendations of a commissioned human rights report that was published.
PetroVietnam Gas signs deal for first LNG cargo from Shell Eastern Trading
PetroVietnam Gas said it had signed a contract to buy Vietnam’s first liquefied natural gas cargo from Singapore-based Shell Eastern Trading.
BASF’s gas treatment technology to be used by Linde and Heidelberg Materials’ large-scale CO2-capture plant
A CO₂ capture process will be used for the first time at a large-scale CO2-capture facility operated by Capture-to-Use – a new joint venture established by Heidelberg Materials and Linde.
Germany cannot be relaxed about Baltic LNG capacity, senior official says
Germany cannot be relaxed about the need for LNG terminals in the Baltic Sea, a high-ranking economy ministry official said, a week after plans emerged to scale down the region's Mukran project after local resistance.
Finland's Gasum terminates Gazprom pipeline gas contract
Finnish state-owned gas wholesaler Gasum said it had terminated a contract to buy natural gas from Gazprom Export via pipelines from Russia.
Spot LNG price drops to level that's not too hot, not too cold
The spot price of LNG in Asia is in the sweet spot of being low enough to boost buying interest, but not so low that it sparks a surge in demand.
Bosnian Serb leader Dodik and Putin may discuss gas prices, pipeline
Bosnian Serb leader Milorad Dodik may discuss gas prices and a new pipeline with Russian President Vladimir Putin during a visit to Moscow.
Johnson Matthey ties up with Hystar to boost green hydrogen output
Johnson Matthey said it has signed a three-year supply agreement with Norwegian firm Hystar AS to ramp up green hydrogen production as the British company shifts focus to a sector that is drawing big investments.
Global Syngas Technologies Council convened to address global syngas market
Situated in the beautiful natural surroundings of Colorado Springs with the backdrop of the Rocky Mountains, the Global Syngas Technologies Council (GSTC) convened for their Spring board meeting at the Broadmoor Resort and Hotel.
G7 draft communique: publicly supported gas sector investment can be temporarily appropriate
The Group of Seven rich nations believes that publicly supported investment in the gas sector can be temporarily appropriate while countries are accelerating the phasing-out of their dependency on Russia.
Asian spot LNG prices slip to 2-year low on tepid demand
Asian spot LNG prices slipped to their lowest level in two years on weak demand and high inventories, while European LNG prices also fell below the $10 mark amid healthy stock build and limited need for additional supply.
Lower gas prices to push up India's FY24 gas demand by 7%
Indian gas utility GAIL (India) Ltd sees local gas demand growing by 6%-7% in the fiscal year to March, driven by lower prices and the resumption of supply under a deal with the former unit of Russia's Gazprom.
Alberta wildfires hit gas flow out of Canada to U.S., spiking prices
Abnormally hot and dry weather is set to return to Alberta after a couple of cooler days helped calm wildfires that have slowed the flow of natural gas out of Canada into the United States and lifted gas prices.
Helleniq Energy says close to final decision on green hydrogen investment
Helleniq Energy, Greece's biggest oil refiner, said it is close to a final decision on a pilot green hydrogen investment at its Elefsina refinery.
Russia's Gazprom plans record domestic winter gas storage capacity
Russian energy giant Gazprom plans to boost natural gas reserves in domestic storage to a record-high next winter as its output and exports fall.
U.S. natural gas up 2% to two-month high as Canada wildfires keep exports low
U.S. natural gas futures rose about 2% to a two-month high as wildfires kept gas exports from Canada near a 25-month low.
