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The Latest Breaking News from Natural Gas

Europe shifts focus to avoiding energy shortage next year

The heads of the International Energy Agency and European Union’s executive branch say the 27-nation bloc is expected to weather an energy crisis this winter

The Independent UK

Brickbat: Flatlining

The German government is denying reports that it plans to ban energy price increases next year. Rather, it says it plans to require energy companies to prove that any increases in electricity or natural gas prices are necessary before it will allow them. Companies would have to prove that they…

Reason

Czech minister urges EU nations to push for gas price cap deal

Czech Industry Minister Jozef Sikela called on European Union governments to break a deadlock over a proposed price cap for natural gas to help limit energy costs for households and business.

Tribune News Service

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France's TotalEnergies pulls out of Russian gas producer

French energy giant TotalEnergies says it will walk away from its stake in Russian natural gas producer Novatek and take a $3.7 billion loss

The Independent UK

Vanguard quits clean energy group after 13 states complain

One week after 13 Republican state attorneys general asked federal energy officials to consider blocking Vanguard Group from buying utility stocks because of its relationships with anti-coal and anti-natural gas activists, the Malvern, Pennsylvania-based investment giant has pulled out of an international group committed to reducing net greenhouse gas emissions…

The Philadelphia Inquirer

PSTC eyes higher gas sales

SET-listed Power Solution Technologies (PSTC), a provider of clean energy solutions and construction services, is expecting higher sales of compressed natural gas next year because of environmental concerns and factory operators' desire to cut costs.

Bangkok Post

US to boost natural gas exports to UK in energy partnership

The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine

The Independent UK

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Commentary: The G-7′s price cap gamble on Russian oil is an untested idea

The United States and its allies in Europe have spent the last 10 months turning the screws on the Russian economy in retaliation for Vladimir Putin’s war on Ukraine. The Western coalition blocked Russia from accessing around half of its more than $600 billion in foreign reserves, disconnected multiple Russian…

Chicago Tribune

Rishi Sunak and Joe Biden agree energy partnership as US pledges to boost UK gas supply

Washington set to double liquified natural gas exports to Britain

The Independent UK

U.S., Britain launch energy partnership to boost supplies

The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain and collaborating on ways to increase energy efficiency.

Reuters

Inside the 14-Year Battle to Secure a Water Line for Fracking’s ‘Ground Zero’

Long-suffering residents of Dimock, Pennsylvania, feel cautiously hopeful after Gov.-elect Josh Shapiro announces plea deal with natural gas company.

Capital & Main

The U.S. wants to slash carbon emissions from power plants. Natural gas is in the way

Despite climate targets set by the Biden administration and corporate executives, the U.S. is still building new natural gas plants that threaten to cause greenhouse gas emissions for decades to come.

WEKU

Utility recommends natural gas plant despite objections

The nation’s largest public utility is recommending replacing an aging coal burning power plant with natural gas, ignoring calls for the Tennessee Valley Authority to speed its transition to renewable energy

The Independent UK

BCP keen on new business supplying LNG to factories

SET-listed energy conglomerate Bangchak Corporation (BCP) is growing its new business in the energy logistics sector by supplying liquefied natural gas (LNG) to factories located outside the service area of onshore gas pipeline networks.

Bangkok Post

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The Texas Tribune

Lt. Gov. Dan Patrick prioritizes property tax relief, electric grid fixes and border security for 2023 legislative session

Patrick, who presides over the Senate and wields tremendous power over legislation, said lawmakers have an “extraordinary opportunity” to shape the future of Texas at the start of the next legislative session, which begins Jan. 10.

USAFacts

Are energy costs expected to rise this winter?

Our nation, in numbers. USAFacts provides a comprehensive, nonpartisan view of the state of our union.

Asharq Al-Awsat

Saudi Arabia Announces Discovery of Two New Unconventional Gas Fields

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz announced on Wednesday that Saudi Aramco has discovered two new unconventional natural gas fields in the eastern region, reported the Saudi Press Agency. Awtad unconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf.

France 24

Macron goes to Washington: Will brewing transatlantic trade row sour state visit?

It's a state visit that's also a chance to gauge superpower status. French President Emmanuel Macron heads to Washington at a time when Europeans are wondering aloud if Vladimir Putin’s invasion of Ukraine has not made the EU even more dependent on the United States. Arming the Ukrainians has shown…

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The Independent UK

Qatar to supply liquefied natural gas to Germany from 2026

Qatar is to supply liquefied natural gas to Germany under a 15-year deal as the European economic powerhouse scrambles to replace Russian gas supplies that were cut during the ongoing war in Ukraine

Fortune

Energy CEO says markets should brace for 'one or two years of extreme volatility'

The head of one of Europe’s largest energy companies says turmoil is far from over, and European nations should start thinking ahead.

The Independent UK

Qatar says it sees ‘no limit’ to German gas shipments amid World Cup controversy

Qatar said there was no limit to the amount of liquefied natural gas (LNG) that the country is willing to ship to Germany, after signing a 15-year deal on Tuesday.

Asharq Al-Awsat

QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion project. The deal will provide Germany with 2 million tons of LNG…

The Independent UK

US rule would limit methane leaks from public lands drilling

The Interior Department has proposed rules to limit methane leaks from oil and gas drilling on public lands

The Independent UK

Russian energy giant says no further gas cuts to Moldova

Russian energy giant Gazprom announced Monday that it will not further reduce natural gas to Moldova as it had threatened to do after claiming that bills went unpaid and that flows crossing through Ukraine were not making it to Moldova

Asharq Al-Awsat

Egypt Exports 90% of its Gas to European Markets

Egypt exported eight million tons of liquefied natural gas (LNG) this year, up from seven million in 2021, announced Minister of Petroleum and Mineral Resources Tarek El-Molla. During the opening of the eighth Egypt Oil and Gas Convention in Cairo, Molla said that 90 percent of Egyptian LNG exports would…

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