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The Latest Breaking News from Natural Gas

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

The Independent UK

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…

Asharq Al-Awsat

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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.

The Hindu

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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…

Asharq Al-Awsat

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.

Al Jazeera

$Pennsylvania man whose life was destroyed by fracking urges Irish Government to block Shannon LNG$

Pennsylvania man whose life was destroyed by fracking urges Irish Government to block Shannon LNG

'We never had cancer or anything like that before and in one year we had over 13 people diagnosed with cancer... all within a mile of my house'

Irish Mirror

Manchin gets pipeline for climate deal

Dems to pave way for Mountain Valley Pipeline, remove jurisdiction from a court that keeps ruling against project

Salon

Texas’ grid holds up amid a brutal heat wave and record demand. But at what price?

DALLAS — After a 2021 winter storm shut down much of the Texas grid and killed at least 246, there was a reckoning in Austin.

Tribune News Service

PNG prices up but CNG rates left intact to retain edge over frozen diesel, petrol prices

NEW DELHI: Indraprastha Gas Ltd on Friday raised PNG (piped natural gas) rates in the capital and neighbouring cities by Rs 2.63 per unit to partially pass on the impact of rising natural gas prices but left CNG (compressed natural gas) rates unchanged at Rs 75.61 per kg.

The Times of India

The Bank of England predicts a lengthy recession at the end of the year

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

WEKU

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StockNews.com

This 1 Energy Stock Has Major Momentum — Is It a Buy?

Birchcliff Energy Ltd. (BIREF), an intermediate oil and natural gas company, reported strong quarterly results, with robust fund flows and impressive production. The stock has garnered significant investor attention and soared nearly 100% over the past year. Is it worth adding the stock to your portfolio now? Let’s find out….

Tribune News Service

San Diego to ban natural gas in new homes and businesses as part of climate fight

SAN DIEGO — San Diego leaders have declared a war on natural gas to dramatically shrink the city’s carbon footprint and reach net-zero emission by 2035.

Reason

Are the Inflation Reduction Act's Climate Goals Plausible?

A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.

Tribune News Service

Can environmental violations define oil and gas companies as bad actors? A judgment awaits

PITTSBURGH — On the evening of July 19, when Allegheny County Council met to override Rich Fitzgerald’s veto of a fracking ban in county parks, council members were shown a black-and-white video of natural gas rushing from a well in Boyce Park.

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StockNews.com

5 Energy Stocks to Be Bullish on Right Now

The oil and gas industry has garnered massive investors’ attention due to the rising prices amid robust demand. Moreover, prices could remain elevated as the supply is expected to remain short. Hence, the energy stocks Diamondback Energy (FANG), Marathon Oil (MRO), ConocoPhillips (COP), Adams Resources & Energy(AE), and APA Corporation…

The Independent UK

German leader says gas pipeline part is ready for Russia

German Chancellor Olaf Scholz has inspected a mechanical turbine at the center of a natural gas dispute with Russia

The Independent UK

Cold showers, no lights: Europe saves as Russian gas wanes

Energy saving is all the rage in Europe as the continent rushes to wean itself off natural gas and oil from Russia

StockNews.com

3 Energy Stocks That Could Benefit From the Manchin Bill

Senator Joe Manchin recently hailed the Inflation Reduction Act of 2022, addressing the nation’s high inflation through energy and climate spending, deficit reduction, prescription drug reform, and clean energy tax credits. We think fundamentally sound energy stocks FirstEnergy (FE), Via Renewables (VIA), and Natural Gas Services (NGS) are well-positioned to…

Reuters

Moldova's ex-president calls for snap elections over gas price

Moldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.

The Independent UK

BP earnings triple as energy firm profits from rising prices

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine

Benzinga

ALVOF: Alvopetro Energy Successfully Completed Drilling of 182-C1 & 183-B1 Exploration Wells. Capacity of gas processing facility on track to increase by 25%.

By Steven Ralston, CFA OTC:ALVOF | TSX:ALV.V READ THE FULL ALVOF RESEARCH REPORT

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