natural gas
Natural gas prices edge lower as Norwegian supply increases
Dutch and British wholesale gas prices fell morning as the end of maintenance at some Norwegian gas infrastructure boosted supply and as high gas storage levels weighed on the market.
Norway's Equinor signs 5-year gas supply deal with Austria's OMV
Norwegian energy group Equinor has signed a five-year agreement to supply gas to Austria's OMV as part of the latter's supply diversification strategy.
QatarEnergy, Korea's HHI sign $3.9-B deal for 17 LNG carriers
QatarEnergy said it had signed a $3.90-B deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.
U.S. natgas futures steady on healthy demand, lower supply
U.S. natural gas futures steadied and consolidated gains from the previous session, buoyed by healthy demand and slightly lower output projections, even as the market transitions into the shoulder period for gas demand.
Gazprom to send 42.4 Mm3 of gas to Europe via Ukraine
Russia's Gazprom said it would send 42.4 Mm3 of gas to Europe via Ukraine, compared to 41.8 Mm3 that was previously stated.
Wholesale gas prices correct downwards after previous rise on Norway outages
Dutch and British wholesale gas prices declined morning after rising the previous day on extensions to Noregian outages.
France wants to replace gas, fuel heaters with heat pumps
France wants to replace residential fuel and gas heaters with heat pumps and create an industry to make the device in a bid to reduce greenhouse gas emissions.
Worley awarded FEED for QatarEnergy LNG’s largest CO2 sequestration project
Worley has been selected to develop the Front-End Engineering Design for QatarEnergy LNG’s CO2 sequestration project in Ras Laffan, Qatar.
Russia slashes forecast for natural gas export price for 2024-2026
The Russian government cut its price forecast for its natural gas exports outside the former Soviet Union for 2024-26, according to figures presented by the economy ministry.
Ukraine's natural gas consumption slumps due to war
Ukraine's natural gas consumption is expected to fall below 20 bcm this year from about 27 billion in 2021 before the full-scale war with Russia began.
U.S. natural gas prices up 1% as warmer forecasts boost power demand
U.S. natural gas futures edged up about 1% on forecasts for warmer-than-normal weather in early October that should prompt power generators to burn more gas to keep air conditioners humming.
Mexico's first LNG plant to receive final piece in days
The last major piece of infrastructure needed to start production at Mexico's first floating LNG plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.
Dutch government to halt gas production from Groningen field Oct. 1
The Dutch government confirmed plans to halt production next month at Europe's largest gas field, Groningen, a decade after tremors blamed on drilling damaged buildings.
U.S. natgas prices fall 5% on lower LNG feedgas, weekend storm
U.S. natural gas futures fell about 5% to a one-week low due to forecasts for milder weather than previously expected, a potential demand destroying storm on the East Coast this weekend and a decline in the amount of gas flowing to LNG export plants.
Moldova will uphold deal with Gazprom to prevent crises
Moldova will uphold its gas supply contract with Russia's Gazprom in order to ward off crises over power prices in the country and hardship in its breakaway Transdniestria region.
Asia spot LNG prices notch up amid spot buys, easing Japan inventories
Asian spot LNG prices rose $1 this week due to buying activity by China and India, easing inventory levels in Japan and higher oil prices.
China's 2023 natural gas demand may rise 8%
China's natural gas demand this year is expected to grow by 8% from 2022 to 396.4 bcm, an analyst from state-owned oil major CNOOC's research division said at a conference.
Ukraine's 2023/24 winter gas reserves seen in excess of 15 bcm
The volume of natural gas stored in Ukraine for the 2023/24 winter heating season is likely to exceed 15 billion cubic meters, the head of the Ukrainian Naftogaz company.
China gas demand seen up 8% on economic recovery, easing fuel cost
China's natural gas demand this year is expected to grow by 8% from 2022, an analyst from state-owned oil major CNOOC's research division said, a pace higher than analysts' forecasts on the back of cooling gas prices and China's economic recovery.
Norwegian August gas output lags official forecast
Norway's natural gas output fell in August from July and lagged an official forecast, while crude oil exceeded expectations, the Norwegian Petroleum Directorate.
EU launches third round of joint gas purchases
The European Commission launched a third round of joint gas purchases to secure supplies ahead of winter and help make up for Russia's slashing of deliveries.
Chevron accepts Australian labor tribunal's terms to end strike at LNG plants
Chevron said it has the accepted recommendations from Australia's labor regulator to end its dispute with unions at its LNG facilities in Western Australia.
NextDecade secures $356-MM loan for Rio Grande LNG Phase 1
NextDecade said it has received a loan worth $356 MM from a group of lenders to finance a portion of the Phase 1 of its Rio Grande LNG export facility in Texas.
Berkshire Hathaway Maryland Cove Point LNG export plant shut
The amount of natural gas flowing to U.S. energy firm Berkshire Hathaway Energy's Cove Point LNG export plant in Maryland fell to near zero on Wednesday, a sign that the plant likely shut for work expected to start on Sept. 21.
Low demand could see 20% European gas price fall in summer 2024 compared to current projections
European gas prices are set to fall 20% by mid-2024, compared to the current forward price curve, despite the market recent tightening due to the extensions of gas field maintenance schedules in Norway and strikes at key Australian LNG fields.
German Mukran LNG import terminal seen ready by first quarter
A new floating reception terminal for LNG off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection.
Years of limited gas supply spell price spikes, Equinor says
A protracted lack of supply in the gas market means even minimal disruption will cause prices to spike, a senior executive at Equinor, Europe's largest supplier of natural gas.
Australia tribunal to rule on Chevron LNG strikes after talks fail
Fresh talks between Chevron and unions over strikes at two LNG facilities in Western Australia ended without a deal leaving it up to a workplace tribunal to map a way forward.
Why the volatile South Caucasus is important for gas and oil supplies
Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.
Egypt approves GASCO project to increase capacity of Western Desert Gas Complex
Cabinet approves GASCO project to increase capacity of Western Desert Gas Complex with fourth production line of 600 MMcf/d.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
