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The Latest Breaking News from Natural Gas

Leaders stare down energy and climate tug of war at G7 summit

Short-term pressures to cut energy costs may yield a less climate friendly G7 outcome.

Axios

EU countries adopt mandatory gas storage amid Russia's cuts

EU countries have agreed that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries

The Independent UK

Ameren aims to build natural gas power plant by 2031 amid push away from coal

ST. LOUIS — Ameren announced plans Thursday to build a large power plant within the next decade that runs on natural gas — even as the utility aims to accelerate its shift toward carbon neutrality.

St. Louis Post-Dispatch

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Solidarity behind Ukraine's Russia fight atop summit agendas

Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden

The Independent UK

Asia LNG spot prices continue rising

LONDON: Asian liquefied natural gas (LNG) spot prices continued its upward trend this week as fears of further market tightening following a major outage at a Freeport plant and reduced Russian gas flows to Europe pushed buyers to cover short-term needs.

Bangkok Post

'Green' Germany Prepares To Fire Up the Coal Furnaces

Strongly held wishes and pixie dust won’t deliver a green utopia.

Reason

World’s dirtiest oil and gas fields are in Russia, Turkmenistan and Texas

Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as…

Tribune News Service

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Germany takes step towards gas rationing as supplies dwindle

Germany has taken a step towards rationing natural gas by activating the second of three stages in an emergency plan. Officials say that since Russia reduced supplies, gas is now a "scarce commodity". Also in the show: the UK is hit by a second day of rail strikes over job…

France 24

US LNG Exports To China Plummet By 95%: What You Need To Know

U.S. exports of liquefied natural gas (LNG) to China between February and April is down by 95% from the same period one year earlier, according to a Wall Street Journal analysis of Chinese government data.

Benzinga

5 Falling Stocks That Are Still Top Rated

The major stock market indexes have tumbled over fears of aggressive interest rate hikes by the Fed to control the multi-decade high inflation and an imminent recession. This market correction has led to shares of many economically-vital companies losing significantly. Shell (SHEL), Cheniere Energy (LNG), QUALCOMM (QCOM), AT&T (T), and…

StockNews.com

Germany Faces Gas Supply 'Crisis,' Declares Alarm Level

Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia. The government said the decision to raise the level to “alarm” follows…

Asharq Al-Awsat

Germany faces gas supply 'crisis,' declares alarm level

Germany has activated the second phase of its three-stage emergency plan for natural gas supplies, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia

The Independent UK

Navios Maritime Partners Acquires Two Newbuilding LNG Dual Fuel Containerships

Navios Maritime Partners L.P. (NYSE:NMM) has agreed to purchase two liquified natural gas (LNG) dual-fuel 7,700 TEU containerships for an aggregate purchase price of $241.2 million. The vessels are expected to be delivered into the fleet in 4Q24. In addition, Navios Partners has secured a two-month option for two additional LNG dual-fuel 7,700…

Benzinga

What happens if Russia turns off Europe’s gas supply this winter?

European countries are racing to prepare for the risk of Russia cutting gas exports. Here’s how things look

The Guardian - UK

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Benzinga

Natural Gas Services Gr's Return On Capital Employed Overview

According to Benzinga Pro, during Q1, Natural Gas Services Gr (NYSE:NGS) earned $337.00 thousand, a 106.0% increase from the preceding quarter. Natural Gas Services Gr also posted a total of $20.34 million in sales, a 12.8% increase since Q4.

Bangkok Post

Thailand at risk of fuel crunch with imported gas too pricey

The government is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages.

Bangkok Post

Thailand at risk of fuel shortages with imported gas too pricey

Thailand is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages.

StockNews.com

4 Top-Rated Energy Stocks With Huge Momentum

Oil prices have been skyrocketing amid the global supply crunch and the heightened demand. With oil prices expected to remain elevated, top-rated energy stocks Western Midstream (WES), Birchcliff Energy (BIREF), PrimeEnergy Resources (PNRG), and TransGlobe (TGA), which have been soaring this year, might be ideal buys now. Read on.

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Asharq Al-Awsat

Egypt: US Chevron to Drill First Exploration Well in Eastern Mediterranean

Egypt’s state-owned gas company and United States-based Chevron Corp signed on Monday a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export, the petroleum ministry stated on Monday. The memorandum of understanding signed by Egyptian Natural Gas Holding Company (EGAS) and Chevron…

The Independent UK

EXPLAINER: What's next after Russia reduced gas to Europe?

The war in Ukraine is fueling fears of a natural gas emergency in Europe

Asharq Al-Awsat

Qatar Announces Italy’s Eni as Second Partner in North Field East Project

Qatar signed a deal with Eni on Sunday on the expansion of the North Field East (NFE) Project, the world's largest liquefied natural gas (LNG) project, following on from an agreement with TotalEnergies earlier this month. QatarEnergy CEO Saad al-Kaabi said Eni would own 25 percent of a new joint…

Newcastle Herald

Kurri gas pipeline construction to create 400 jobs

Australia's largest natural gas infrastructure business APA Group has signed a 30 year agreement for the transport and storage of gas to the Hunter Power Project at Kurri.

ABC News

Gas might be expensive, but biogas comes with its own hidden cost in methane emissions

Compared to fossil fuels including natural gas, biogas — which is made from waste — is a cleaner, greener alternative — but researchers are still worried about emissions.

Tribune News Service

Idaho Power is pulling out of coal, with plan to exit 50-year-old Wyoming plant

As it proceeds toward a clean-energy future, Idaho Power plans to exit a nearly 50-year-old Wyoming coal plant sooner rather than later, in part by converting parts of the coal plant to natural gas.

The Times of India

Ranchi Jamshedpur: Erratic CNG supply across fuel stations hits auto biz

JAMSHEDPUR: The irregular supply of Compressed Natural Gas (CNG) to the four refilling stations is causing interruption in business for the over 800 autorickshaw owners and drivers in the Steel City for the past one week.

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