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The Latest Breaking News from Natural Gas

Could Nord Stream Pipeline Maintenance Benefit US Stocks? Analysts Thinks So — And One Sees 26% Upside Potential On This Energy Stock

The cost of wholesale European gas has increased by 572% this year to 276.23 euros per megawatt-hour, or approximately $274.70. Analysts predict that price increases will continue as winter approaches, fueling inflationary fears as Europe battles to cope with Russia's interruption of natural gas supplies.

Benzinga

Germany's Scholz in Canada to diversify energy supply

German leader Olaf Scholz says he's working as fast as he can to reduce Germany's dependence on Russia for energy, but Canadian Prime Minister Justin Trudeau says a business case is needed to send gas from Canada to Europe

The Independent UK

Germany may resort to nuclear plants to plug Russian gas gap

Germany may not be able to replace all its imports of Russian natural gas this winter and might have to resort to nuclear power to plug part of the gap, the nation’s two most powerful leaders said.

Tribune News Service

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Torrent reduces CNG prices by ₹5 per kg

Domestic allocation of natural gas increased

The Hindu

Ukraine's Naftogaz backs Scholz's bid for Canadian LNG ahead of trip

Shortly before his two-day trip to Canada, German Chancellor Olaf Scholz received support for his interest in Canadian liquid natural gas to help replace Russian gas imports from an unexpected ally: Ukrainian state-owned gas company Naftogaz.

Reuters

French President Macron to Travel to Algeria on Aug. 25

French President Emmanuel Macron is planning to travel to Algeria next week, the Elysee palace announced on Saturday, saying that the official visit will take place from Aug.25-27. Macron accepted an invitation by Algerian President Abdelmadjid Tebboune, his office said. It will be Macron's second official visit to the North…

Asharq Al-Awsat

Russia's Gazprom to shut gas pipeline to Europe for 3 days

Russia’s state-owned energy company Gazprom says a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.”

The Independent UK

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Russia-owned energy firm Gazprom to shut gas pipeline to Europe for three days

The firm said the closure of the pipeline was being carried out for "routine maintenance". It comes at a time when gas prices across Europe are surging.

Wales Online

Recipe for a reliable Texas grid: A gas plant plus 22,000 batteries and backup fuel

GRANBURY, Texas — This is what modern reliability looks like on the Texas grid.

Tribune News Service

Germany lowers natural gas tax to ease burden on consumers

German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on people struggling with soaring energy costs

The Independent UK

Too much of a good thing for Texas? Uncle Sam’s pumping up wind, solar and batteries

Texas may be a fossil-fuel capital, but wind and solar power have been dominating the growth in electricity generation, and storage batteries are coming on fast.

Tribune News Service

Our politicians are ducking the hard truths of this energy crisis

Whatever you think of the various proposals to deal with the energy crisis, one fact stands out beyond all others. As a nation, we are worse off. Natural gas prices are eight times higher than they were at the beginning of 2021. Much of the increase occurred before Vladimir Putin…

Evening Standard

In a Belated Outburst of Rationality, Germany Decides To Keep Three Nuclear Plants Open

Leaving the country dependent on Russian natural gas was not too smart.

Reason

Total methane emissions have declined since 1991, but methane emissions from livestock are up

The Inflation Reduction Act aims to reduce emissions from agriculture and natural gas systems , the top two sources of methane emissions

USAFacts

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Bangkok Post

BGRIM posts B14.67bn earnings in Q2

SET-listed B.Grimm Power Plc (BGRIM) recorded revenue of 14.6 billion baht in the second quarter of 2022 from higher electricity tariffs, increased sale volumes and contributions from renewals in Laos and Thailand.

The Independent UK

Norway hits export record amid soaring gas prices

Norway’s exports have reached a record in July that is driven mainly by higher natural gas prices

The Independent UK

Germans face higher bills as tax aids natural gas importers

Germans are facing a new tax on natural gas use that could cost the average household several hundred euros a year and is aimed at rescuing importers slammed by Russian cutbacks tied to the war in Ukraine

The Independent UK

Germany urged to cap heat in offices this winter to save gas

Germany’s economy minister says German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country’s consumption of natural gas

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Asharq Al-Awsat

Egypt to Ration Electricity to Boost Gas Exports

Egypt's cabinet has approved a plan to ration electricity to save natural gas that it will instead divert to the export market to generate foreign currency, it said on Thursday. Egypt has suffered from an acute foreign currency shortage since Russia's February invasion of Ukraine, which pushed up global commodity…

The Hindu

Andhra Pradesh: AG&P Pratham will supply natural gas to Kadapa by September, says official

‘Company will invest ₹200 crore in five years to develop gas distrbution infrastrucure’

The Hindu

More CNG stations coming up

CHENNAI The number of vehicles opting for compressed natural gas (CNG) is increasing gradually, say

The Hindu

Homes in Chennai all set to get piped natural gas connections

Sources in gas companies say the response from the consumers has been encouraging in places where the piped natual gas supply connections have been provided in Tamil Nadu

The Hindu

Oil Ministry to divert gas from industries after CNG, piped gas prices jump 70% in a year

Use of domestic gas instead of imported fuel will bring down the cost of raw material and ease CNG and PNG rates, officials said.

Asharq Al-Awsat

Ukraine Halted Oil Flows to Europe over Payment Issue, Russia’s Transneft Says

Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. International benchmark Brent crude jumped by $2 per barrel to trade near $98 as the news…

Al Jazeera

Turkey resumes gas exploration in the eastern Mediterranean

A Turkish ship sets off to drill for gas in the eastern Mediterranean – a move that risks inflaming regional tensions.

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