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The Latest Breaking News from Natural Gas

Don’t fear LA’s ban on gas stoves. Electric appliances are the future

Los Angeles is taking a necessary and overdue step in the fight against climate change and lung-damaging air pollution. The City Council voted last month to ban most natural gas-fueled appliances in newly constructed residential and commercial buildings, aiming to get the new rules in place by Jan. 1, 2023.

Los Angeles Times

Without Cheap Russian Energy, Some European Factories Are Shutting Down

For decades, European industry relied on Russia to supply low-cost oil and natural gas that kept the continent's factories humming.

Bangkok Post

EU looks to east Mediterranean as gas alternative to Russia

European leaders visiting Israel expressed hope that natural gas supplies from the eastern Mediterranean could help reduce dependence on Russia

The Independent UK

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IBD Screen Of The Day: These Few Global Leaders Stand Out Despite Market Weakness

Equinor is also uniquely positioned as the second-largest supplier of pipelined natural gas to Europe.

Investors Business Daily

Capstone Bags Contract To Supply 1.2 MW Power Generation Solution To Illinois Gas Facility

Capstone Green Energy Corp's (NASDAQ:CGRN) distributor for the Midwest, New England, and Eastern Canada, Vergent Power Solutions, secured an order for a 1.2 megawatt (MW) energy system for a northern Illinois gas utility company at their natural gas facility. Financial terms were not disclosed. The new solution, which features two Capstone C600 Signature…

Benzinga

Egypt's Suez Canal Extends Rebates for LNG, LPG Carriers Until End-2022

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website. LPG tankers operating between the American Gulf and ports west of India,…

Asharq Al-Awsat

QatarEnergy, TotalEnergies to Collaborate on North Field East Project

QatarEnergy signed a partnership deal with France's TotalEnergies on Sunday for the North Field East expansion of the world's largest liquefied natural gas (LNG) project. QatarEnergy's chief executive said more partners would be announced in the coming days. The Gulf state is partnering with international energy companies in the first…

Asharq Al-Awsat

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French firm TotalEnergies wins Qatari deal to develop world's biggest gas field

The authorities in Qatar have confirmed the choice of French company TotalEnergies as the principal partner in the development of the world's largest reserve of natural gas.

Radio France Internationale

Fire at LNG terminal in Texas jolts residents, fuel markets

An explosion at a liquefied natural gas terminal in Texas has left nearby residents rattled

The Independent UK

Chicago must finish modernizing its natural gas system

Some call for the project to be stopped in view of anticipated movement to green energy sources. However, we must be realistic. An alternative energy source for the 878,000 customers in Chicago is likely decades away.

Chicago Sun-Times

Algeria suspends trade ties with Spain over Western Sahara row

Dispute over status of Western Sahara escalates as Algeria severs economic links with Spain.

Al Jazeera

U.S. Natural Gas Futures Plummet And LNG Stocks Rebound On Freeport Plant Timeline

LNG stocks and gas prices turned volatile after it was announced that one of the largest U.S. LNG exporters will not be fully operational until late 2022.

Investors Business Daily

Economic Data Scheduled For Thursday

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims increasing to 210,000 for the July 4 week from 200,000 in the previous week. The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for…

Benzinga

Germany to keep more coal plants on hand in case of gas cuts

Germany wants to temporarily keep additional coal-fired power plants on stand-by for almost two years to stave off a possible electricity shortage in case natural gas supplies are suddenly reduced by Russia

The Independent UK

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Benzinga

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Reason

Brickbat: This Burns

The Los Angeles City Council has banned natural gas appliances in most new buildings. Council members say the move will help fight global warming. But some restaurant owners say electric stoves can't replace the effects of gas ovens in some cooking techniques and styles of cooking. The impact would be…

The Guardian - US

Why is eco-conscious California spending millions to support natural gas?

A Los Angeles-area air board faces questions over grant spending amid some of the worst air pollution in the US

The Guardian - UK

Let Africa exploit its natural gas reserves, says Mary Robinson

Ex-UN climate envoy says continent’s need for energy is so great it should be able to widely use the fossil fuel

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StockNews.com

5 Energy Stocks to Buy This Summer to Combat Scorching Inflation

The inflation report expected this week is expected to be on par with the previous month, reporting near 40-year-high inflation. Historically, the energy sector has outperformed inflation, and so might be an ideal investment option to hedge against current inflationary pressures. Hence, we think the stocks of energy companies Energy…

Reuters

Israel rejects Lebanese accusation about gas field, says conflict unlikely

Israel has denied a Lebanese allegation it is encroaching on a disputed Mediterranean natural gas field, playing down on Monday any prospect of conflict over the dispute.

Asharq Al-Awsat

Lebanon Urges US Envoy to End Maritime Dispute with Israel

The Lebanese government invited on Monday a US envoy mediating between Lebanon and Israel over their disputed maritime border to return to Beirut as soon as possible to work out an agreement amid rising tensions along the border. The invitation for Amos Hochstein, a senior adviser for energy security at…

Asharq Al-Awsat

Lebanon Warns Against Any Israeli 'Aggression' in Disputed Waters

Lebanon warned Israel on Sunday against any "aggressive action" in disputed waters where both states hope to develop offshore energy, after a ship arrived off the coast to produce gas for Israel. President Michel Aoun said any activity in the disputed area would amount to an act of aggression and…

Tribune News Service

‘We’re in trouble’: Electric rates in Texas have surged over 70% as summer kicks in

There’s no escaping rising oil prices. They’ve driven up the cost of gasoline, and the higher expense registers every time people fill up the tank.

The Independent UK

As natural gas expands in Gulf, residents fear rising damage

There are neighborhoods in Southwest Louisiana that have endured seven federally declared disasters in just two years

The Philadelphia Inquirer

Peco Energy says gas from its system didn't cause deadly Pa. home explosion, as officials survey damage

PHILADELPHIA — Days after a massive explosion obliterated two homes in Pottstown, killing four children and an adult, a cause has not yet been released, but Peco Energy says it has found no evidence that natural gas from its system caused the fatal blast.

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