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The Latest Breaking News from Natural Gas

How Putin’s plans to blackmail Europe over gas supply failed

Within eight months of Russia invading Ukraine, the EU’s 27 states had replaced about 80% of the natural gas they used to get from Moscow

The Guardian - UK

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

ABC News

Brown gold: the great American manure rush begins

The energy industry is turning waste from dairy farms into renewable natural gas – but will it actually reduce emissions?

The Guardian - US

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Egypt Cabinet Approves 13 Draft Agreements to Explore Oil, Gas

The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies. Under the deals, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa,…

Asharq Al-Awsat

Tanker Breaks Down in Suez Canal, but Traffic Not Disrupted

A tanker transporting liquefied natural gas broke down in the Suez Canal on Wednesday but traffic in the global waterway was unaffected, a canal spokesperson said. The Bahamas-flagged Grace Emilia suffered a malfunction of its rudder and tugboats pulled it to the side of the canal to allow other vessels…

Asharq Al-Awsat

Bulgaria and Serbia diversify energy supplies

The presidents of Bulgaria and Serbia have launched the construction of the Bulgarian part of a gas link that is designed to diversify the energy supplies of a region that until recently was almost fully dependent on natural gas deliveries from Russia

The Independent UK

Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

The Independent UK

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Türkiye to Host Summit of Gas Buyers, Sellers Next Month

Türkiye will hold a natural gas summit on Feb. 14-15 to bring together gas supplier countries and Europe's consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday. "We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe,"…

Asharq Al-Awsat

Russian Antarctic vessel docks in South Africa as green groups protest

A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners who say its operations in the region violate a treaty banning mineral exploration.

Reuters

Flaring and Venting Spike in December Cold Snap

Questions over whether cold weather in New Mexico an 'emergency.'

Capital & Main

The world is running the risk of a global food crisis, fertilizer giant CEO says

Russia's war in Ukraine is piling on pressures that threaten a crisis in global food supply.

Fortune

San Antonio to End Use of Coal Within Five Years

But CPS Energy’s decision to switch to Natural Gas highlights the potential and peril of cities’ clean energy transition.

Texas Observer

Gas shortage renders Iran’s air quality ‘unbreathable’ due to mazut pollution

In Iran, most households rely on natural gas for their heating and hot water. But amid a cold snap and gas shortages, the population has been paralysed by sub-zero temperatures in many regions around the country. These gas shortages have not only led to widespread power cuts, but also severe…

France 24

Amid gas shortages and blackouts, a harsh winter fuels discontent in Iran

For weeks, Iran has been hit by cold weather. In a country where most households rely on natural gas for heating and hot water, gas shortages in many regions have paralysed the population, leaving people in sub-zero temperatures. In some regions, schools and public facilities have even been closed. The…

France 24

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Reuters

Trinidad offers to pay for Venezuelan gas with humanitarian supplies

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.

The Conversation

Ukraine war: why Zelensky's corruption purge could be key to the outcome of the conflict

The Ukrainian president, Volodymyr Zelensky, has announced a sweeping clear-out of senior national and regional government officials and the appointment of a new supervisory board for the state-owned natural gas giant, Naftogaz. This is a move to reassure both the Ukrainian public and the country’s western allies that the fight…

The Independent UK

Germany sees brighter outlook for Europe's largest economy

The economic outlook has brightened in Europe's largest economy

The Texas Tribune

Texas environmentalists push the EPA to crack down on methane emissions, saying state agencies have “failed us”

Commenting on the EPA’s proposed new rule to reduce methane leaks nationally, environmentalists said Texas regulators are hesitant to address emissions of the climate super-pollutant.

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Los Angeles Times

Editorial: Soaring utility bill? Blame the instability of fossil fuels

Californians are being hit with big increases in their utility bills this winter as natural gas prices spike dramatically, and it’s exceptionally bad timing.

France 24

Can US shale gas save Europe from its energy crisis?

On the surface, booming US shale gas production looks like the perfect solution for Europe as it reels from the energy crisis created by tearing itself away from Russian gas. But analysts say it is no panacea.

StockNews.com

3 Energy Stocks That Are Screaming Buys Right Now

Despite the recent retreat in oil and gas prices from their peaks, analysts expect energy prices to rise, driven by substantial demand and restricted supply. A surge in demand due to the reopening of China’s economy could significantly boost oil and gas prices. Given the industry tailwinds, we think it…

Capital & Main

In Pennsylvania, Hopes Rise But Questions Remain About New Governor’s Environmental Agenda

Josh Shapiro has revealed little about his policy proposals.

Evening Standard

Germany under growing pressure to send tanks to Ukraine

It’s amazing what the Germans can do when they put their mind to it. Prior to February 2022, the country was heavily reliant on Russian gas to heat its homes and power the mighty industries that make it the fourth-largest economy in the world. Before the war, more than half…

StockNews.com

Marathon, Valero and 1 Other Energy Stock to Purchase in 2023

With the sustained energy demand and an anticipated surge in oil prices, energy stocks will likely outperform the broader market again this year. Therefore, it seems wise to invest in fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Adams Resources & Energy (AE) to garner solid returns.…

The Conversation

Why gas stoves matter to the climate – and the gas industry: Keeping them means homes will use gas for heating too

Gas stoves are a leading source of hazardous indoor air pollution, but they emit only a tiny share of the greenhouse gases that warm the climate. Why, then, have they assumed such a heated role in climate politics?

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