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The Latest Breaking News from Natural Gas

EU agrees to cap gas prices, angering Russia

After months of negotiations, European Union energy ministers have agreed to a price cap for natural gas at 180 euros per megawatt hour. The issue has split the bloc, and the agreement drew an immediate warning from Russia, which has cut off most of its gas deliveries to Europe.

Radio France Internationale

Cyprus: Plant to process Israeli gas for export an option

Cyprus’ energy minister says a pipeline conveying Israeli natural gas to the island nation where it would be liquefied for export by ship is an option the government is weighing on how to get east Mediterranean gas to Europe and elsewhere amid the energy crisis prompted by Russia’s war in…

The Independent UK

EU ministers trying, again, for compromise on gas price cap

European Union ministers are trying again to finalize a long-awaited deal to implement a natural gas price cap that they hope can help households and businesses better weather excessive price surges

The Independent UK

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EU leaders have agreed on a new plan to source power that isn't from Russia

European leaders have finalized an agreement for an undersea electricity connector that could become a new power source for the EU amid a crunch on energy supplies caused by the war in Ukraine.

WEKU

Germany pushes back on Russia with opening of gas terminal

Germany opened its first state-chartered liquefied natural gas vessel as Europe’s largest economy races to replace Russian gas amid an energy crunch and freezing temperatures.

Tribune News Service

Scholz inaugurates 1st liquefied gas terminal in Germany

Chancellor Olaf Scholz has inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong

The Independent UK

Deal reached for new non-Russian power source for Europe

The leaders of Hungary, Romania, Georgia and Azerbaijan have finalized an agreement on an undersea electricity connector that could become a new power source for the European Union amid a crunch on energy supplies caused by the war in Ukraine

The Independent UK

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Indraprastha Gas Raises CNG Prices Across India Including Delhi-NCR

Indraprastha Gas Ltd (IGL) on Saturday increased the prices of Compressed Natural Gas (CNG) across the country. Read on for details:

Dynamite News

LG&E asks regulators to build two new gas power plants

WEKU

GOP lawmakers accuse investment firms of breaking a law that prohibits divesting from oil and gas

At a senate committee hearing in Marshall, Texas Republican lawmakers accused investment firms of pulling back on fossil fuels, running afoul of a 2021 law that prohibits the state from contracting with or investing in companies that “boycott” oil, natural gas and coal companies.

The Texas Tribune

ComEd’s $40M plan to rid homes of natural gas, City Council’s new ordinances and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Latest floating LNG terminal arrives at German port

A ship that will serve as one of Germany’s floating terminals for liquefied natural gas imports has arrived at the German port of Wilhelmshaven

The Independent UK

ComEd to spend $40 million on plan to rid homes of natural gas

ComEd is moving from a pilot project to a larger plan to “decarbonize” thousands of homes, making them energy efficient and more environmentally friendly.

Chicago Sun-Times

African nations tap into oil wealth

The continent's vast oil reserves could spell trouble for the climate — and for Africans

Salon

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The Conversation

Could Lithuania hold the key to Europe's energy security?

On 19 October, European Commission president Ursula von der Leyen announced that the EU had replaced two-thirds of its Russian gas imports since February by switching to other suppliers. Such a turnaround seemed unattainable last spring, when the invasion of Ukraine turned Moscow from an EU business partner into a…

Asharq Al-Awsat

Saudi Arabia Plans Exploitation of One of Largest Gas Fields in the World

Saudi Aramco is intending to fund the development of the Jafurah gas field, one of the largest in the world, at a cost of $110 billion. Planned to start production in 2025, the field is expected to have approximately two billion standard cubic feet per day of sales by 2030,…

Bangkok Post

Price rise for NGV, no increase for LPG

The price of natural gas for vehicles (NGV) will rise on Friday, while the cost of LPG for cooking and for vehicles remains frozen for now.

Zenger

Will Putin Adhere To G7 Price Cap? EU To Face Tough Year Filling Oil, Gas Reserves

Until the Russia-Ukraine War, the European Union (EU) relied on Russia for roughly close to 40% for natural gas supply.

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Los Angeles Times

Michael Hiltzik: Solar and wind energy are killing off fossil fuel, despite the right's best efforts

American conservatives may be trying to hold back the tide, but solar and wind power are surging worldwide, leaving coal, natural gas and oil in the dust as energy sources.

The Independent UK

EU again seeks elusive gas price cap to contain energy costs

EU energy ministers again are seeking to overcome deep differences on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days

Al Jazeera

Will Putin’s ‘natural gas union’ fail?

Uzbekistan has poured cold water on a potential alliance in another sign Central Asia is keeping Russia at arm’s length.

Reuters

Argentina gets $689 million from Brazil development bank for Vaca Muerta pipeline

Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday.

The Independent UK

Pennsylvania lifts ban on gas production in polluted village

One of Pennsylvania’s largest drillers will be allowed to extract natural gas from underneath a rural Pennsylvania community where it has been banned for a dozen years because of accusations it polluted the water supply

Reuters

Zelenskiy asks G7 to supply Ukraine natural gas, long-range weapons

Ukrainian President Volodymyr Zelenskiy urged the Group of Seven nations on Monday to help his government obtain an additional two billion cubic metres of natural gas and to supply it with modern tanks, artillery units and shells as well as long-range weapons.

Fortune

Jamie Dimon warns of 'extraordinary' dangers of Ukraine War and global energy crisis

JPMorgan’s CEO warned of a prolonged energy crisis, while calling for a “Marshall Plan for energy” to combat oil and gas underinvestment.

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