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The Latest Breaking News from Natural Gas

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

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African nations tap into oil wealth

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

Salon

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…

The Conversation

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,…

Asharq Al-Awsat

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.

Bangkok Post

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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.

Zenger

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.

Los Angeles Times

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

The Independent UK

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.

Al Jazeera

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.

Reuters

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

The Independent UK

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.

Reuters

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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.

The Independent UK

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

Reason

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…

Tribune News Service

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.

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The Independent UK

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 Philadelphia Inquirer

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…

Bangkok Post

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.

The Independent UK

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

Chicago Tribune

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…

The Independent UK

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

Reuters

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.

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