economics
U.S. natural gas prices jump 9% as winter storms boost heating demand, freeze wells and pipes
U.S. natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes start to freeze.
Central Europe gas flows adjusted after Ukraine transit ends
Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall.
EU's cleaner marine fuel rules are inflationary, shipbrokers say
European Union marine fuel rules, effective from Jan. 1 as part of efforts to cut emissions, will raise shipping costs, although firms with vessels that can run on alternative fuels, such as biodiesel and liquefied natural gas (LNG), will benefit, two shipbrokers said.
Italy calls for EU gas price cap at €60 per MW/hr
The European Union should extend its emergency cap on gas prices and set a ceiling of €60 per megawatt hour (MW/hr) to prevent a possible energy price shock.
Senegal and Mauritania announce first gas from bp's Greater Tortue Ahmeyim project
The Greater Tortue Ahmeyim gas project developed by bp and partners has produced its first gas from an offshore field in Senegal and Mauritania.
European Commission says bloc can cope with halt of Russian gas flow
The European Commission played down the impact of a halt of Russian gas exports to Europe via Ukraine on Wednesday, saying the stop on Jan. 1 had been expected and that the bloc was prepared for it.
Russian gas flows via Ukraine for last days as transit deal crumbles
Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia's once mighty hold over the European gas market.
Austria energy regulator expects smooth transition as Ukraine gas deal ends
Austria should not face supply disruption as it has prepared for the switch from eastern supplies of natural gas to western alternatives after Ukraine's contract with Gazprom expires on Tuesday.
U.S. natgas prices leap 23% on cold forecasts, rising LNG feedgas
U.S. natural gas futures soared more than 23% on Monday to mark their biggest daily percentage increase in two months, fueled by forecasts for more cold weather in January and an increased amount of gas flowing to liquefied natural gas (LNG) export plants.
Moldova to limit power exports, limit use as Russian gas cut-off looms
Moldova said on Friday it will curb power exports and introduce measures to reduce consumption by at least a third from Jan. 1, as it prepares for an end to Russian natural gas supplies.
U.S. Ex-Im bank approves $526-MM gas-to-energy loan to Guyana
The U.S. Export-Import Bank approved a $526-MM loan to Guyana for an energy project designed to double the South American country's installed electric capacity and reduce oil imports.
Russia's domestic LPG prices halve following EU embargo
Domestic prices of liquefied petroleum gas (LPG) in Russia halved in December from the previous month due to an influx of the fuel, exports of which have been curbed by European sanctions.
What happens when Russian gas to Europe via Ukraine stops?
Here is what happens if Russian gas transit via Ukraine is completely turned off and who will be affected most.
Qatar threatens to stop EU gas sales if fined under due diligence law
Qatar would stop shipping gas to the European Union if member states strictly enforce a new law on forced labor and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Sunday.
U.S. natgas prices ease after hitting 23-month high
U.S. natural gas futures edged down on Monday from a near 23-month high in volatile trading, as short-term warmer weather forecasts countered support from a rise in the amount of gas flowing to liquefied natural gas (LNG) export plants and long-term cooler forecasts.
Russia calls gas sales to Europe 'complicated' as deal with Ukraine nears end
Russia said on Monday the situation with European countries that buy its gas through a transit deal via Ukraine was very complicated and needs more attention, a day after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.
Venture Global LNG wants force majeure at first plant extended to 2025
Venture Global LNG wants to extend the force majeure at its Calcasieu Pass liquefied natural gas (LNG) plant in Louisiana (U.S.) to 2025, delaying first supplies under long-term contracts to three years after starting production, according to its initial public offering document.
Turkey, Hungary say U.S. grants waivers for Russian Gazprombank gas payments
Turkey and Hungary said they have received exemptions for gas payments to Russia after the United States imposed sanctions on Gazprombank, removing a major hurdle to the gas trade with Moscow.
Chevron, Woodside in Western Australia LNG asset swap deal
Woodside and Chevron said on Thursday they would streamline oil and gas operations in Western Australia through a stake swap deal, a move resulting in the Australian energy giant exiting the $34-B Wheatstone LNG project.
Update: U.S. natgas prices climb 4% to 13-month high on lower output, rising LNG feedgas
U.S. natural gas futures climbed about 4% to a 13-month high on Thursday on lower output in recent days and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants to an 11-month high.
Russia's Gazprom supplies first LNG to Italy
Russian energy giant Gazprom has delivered its first cargo of LNG to Italy from LNG Portovaya plant on the Baltic Sea, LSEG data showed on Wednesday.
ADNOC signs 15-yr LNG supply deal with Germany's EnBW
Abu Dhabi National Oil Company has signed an agreement to supply German utility company EnBW with 600,000 tpy of LNG from its Ruwais project for 15 years.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Moldova declares state of emergency as risk of Russian gas cutoff looms
Moldova's parliament voted early on Friday to impose a national state of emergency for 60 days starting on Dec. 16 due to an expected cut-off of Russian gas supplies from Jan. 1.
Hungary says Russian gas payment issue has been resolved
Hungary has found a solution that will allow it to pay for Russian gas shipments via the Turkstream pipeline from Bulgaria without falling foul of U.S. sanctions, its foreign minister said on Friday, without providing details of the agreement.
Australia's Santos to supply Japan's Shizuoka with LNG
Santos, Australia's No.2 independent oil and gas producer by market cap, said on Thursday it signed a deal to supply Japanese gas distributor Shizuoka Gas with liquefied natural gas (LNG).
Europe energy markets are well supplied but prices too high, SEFE CEO says
European energy markets are very well supplied but market prices are significantly higher than before, leading to Europe losing a competitive edge in the global economy, the head of nationalized German energy firm SEFE said.
Qatar energy minister has no concerns over Trump vow to lift LNG exports cap
Qatar has no concerns about U.S. President-elect Donald Trump's promise to lift a cap on liquefied natural gas (LNG) exports, Qatar's Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition.
U.S. natural gas up more than 3% to 1-week high as weather turns colder
U.S. natural gas futures rose > 3% to more than a one-week high on Monday, helped by a shift in short-term forecasts to cooler weather that would lead to increased gas demand for heating.
Gas price shock set to add to Europe's industrial pain
Europe's struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas (LNG) intensifies, and the prospect of reduced Russian supplies looms.
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- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
- Digital Exclusive: The future of gas turbines in the green revolution
