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The Latest Breaking News from Natural Gas

EU Official: East Med Gas Can Wean Bloc off Russian Energy

Natural gas from undersea deposits in the eastern Mediterranean can help replace Russia’s diminished supply of the fossil fuel to Europe at an “accelerated pace,” the European Union’s energy commissioner said Friday. Commissioner Kadri Simson told the East Mediterranean Gas Forum conference in the Cypriot capital, Nicosia, that the region…

Asharq Al-Awsat

Chicago may end natural gas hookups for new homes, businesses

The recommendation is among more than two dozen as Chicago tries to eliminate fossil fuel use.

Chicago Sun-Times

5 Energy Stocks You Should Continue to Buy Right Now

OPEC+ members recently announced their plan to cut output to support oil prices. With analysts expecting oil prices to hit the $100 mark once again, we think investors should load up on quality energy stocks TotalEnergies (TTE), Marathon Petroleum (MPC), Valero Energy (VLO), Energy Transfer (ET), and APA Corporation (APA).…

StockNews.com

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Germany's Merkel defends decision to get Russian natural gas

Former German Chancellor Angela Merkel has defended decisions made during her tenure to buy natural gas from Russia

The Independent UK

Gloom oozes from energy forecasts that show oil demand dropping, heating bills rising

The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.

WEKU

Ukraine war to cut Europe's gas consumption for decades, consultancy says

Europe will more rapidly reduce its reliance on natural gas as a result of the war in Ukraine, replacing Russian energy and boosting the continent's security of supply, Norway-based consultancy DNV predicted on Wednesday.

Reuters

For Israel and Lebanon, a U.S.-mediated deal settles a long-running maritime dispute

After a decade of negotiations, this week's agreement resolves questions of who gets to drill for natural gas in disputed waters off the Mediterranean coast. But its implementation isn't a sure thing.

WEKU

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Cabinet Okays Rs22k-cr One-Time Grant To 3 State-Run Oil Marketing Firms For Losses In LPG

The Cabinet on Wednesday approved the proposal of the ministry of petroleum and natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business. Read further on Dynamite News:

Dynamite News

German government: Economy to shrink in 2023 as war bites

The German government has slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies

The Independent UK

‘Drowning in bad publicity’: Has Qatar’s World Cup soft power push backfired?

Qatar has received an avalanche of bad publicity ahead of hosting the World Cup in November and December. The football extravaganza has prompted Western media and NGOs to decry the desert nation’s human rights record, notably concerning the treatment of migrant workers. But while this may dent Qatar’s soft power,…

France 24

EU countries turn to Africa in bid to replace Russian gas

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine

The Independent UK

Analysis-Russian gas supply gap casts chill in Europe as winter nears

Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable.

Reuters

Austria sues EU executive over green label for gas, nuclear

Austria says it has filed a legal complaint with the European Union’s top court over plans by the bloc’s executive branch to label natural gas and nuclear power generation as sustainable energies

The Independent UK

1 Energy Stock to Buy That's Been Getting a Lot of Attention on Wall Street

Leading Oil & Gas company Energy Transfer (ET) delivered a strong performance in its last reported quarter and increased its fiscal 2022 full-year guidance. Moreover, continued energy demand, new strategic partnerships, and acquisitions are expected to boost the company’s prospects. Considering ET’s high dividend yield, this stock is getting much…

StockNews.com

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Bangkok Post

SCN close to sealing asset acquisitions

SET-listed Scan Inter (SCN), a compressed natural gas seller and clean power operator, expects to close two new asset acquisition deals, including a rooftop solar panel business, early next year.

Asharq Al-Awsat

Putin Orders More Security for Crimea Bridge, Energy Supplies

Russian President Vladimir Putin on Saturday ordered tighter security for the bridge from Russia to Crimea as well as the infrastructure supplying electricity and natural gas to the peninsula, Interfax said. In a decree issued hours after the bridge was damaged by a blast, Putin said the FSB security service…

Reuters

Putin orders more security for Crimea bridge, energy supplies - Interfax

The Hindu

CNG, piped cooking gas prices hiked by ₹3

The ₹3 per kg increase in CNG price is the first hike in rates in over four months

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The Independent UK

EU leaders struggle to bridge gas price cap divide

European Union leaders are meeting in Prague to try to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war on Ukraine fuels the energy crisis

The Hindu

Despite turbulence in energy markets, India, U.S. determined to transition to clean energy: Hardeep Singh Puri

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said that there is a huge potential of India-U.S. collaboration in the energy sector

Chicago Sun-Times

Chicago homeowners welcome energy-efficient upgrades in green push

With a new $3 million grant, nonprofit Elevate is targeting 100 low-income homes over two years, replacing natural gas appliances with electric units as Illinois phases out fossil fuels that contribute to climate change.

The Independent UK

France's Macron against building new Iberia gas pipeline

French President Emmanuel Macron says his government doesn't support building a new pipeline to pump natural gas between the Iberian Peninsula and the rest of Europe despite the continent’s energy crisis

Reuters

Canada's Trudeau under pressure from Conservative rival to back new LNG

Canada's new Conservative leader Pierre Poilievre is putting pressure on Liberal Prime Minister Justin Trudeau's government to back new liquefied natural gas (LNG) projects as European countries reach out in a bid to plug energy shortfalls.

ABC News

Dozens of workers continue strike at Melbourne plant, with natural gas producer warning supply may be curtailed

One of the state's biggest gas producers, Esso, has told the Victorian government to prepare for a potential reduction in gas supply, due to ongoing industrial action.

Chicago Sun-Times

Winter isn’t here, but the heat’s already on natural-gas billpayers

Spikes in energy prices point to higher costs to heat homes, while some residents already report increases in their bills.

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