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The Latest Breaking News from Natural Gas

EU hails high gas storage levels despite Russian cuts

The European Union says natural gas storage levels are high despite Russian attempts to choke off supplies to Europe amid the war in Ukraine

The Independent UK

Wholesale UK gas prices now lower than at start of Ukraine war

Natural gas futures have fallen below 170p over the past few days, whereas it cost over 500p following Putin's invasion of Ukraine, and over 650p in August

Wales Online

Texas power grid operator's independent monitor says state shouldn’t meddle with market

AUSTIN, Texas — The independent authority for Texas’ power grid operator ERCOT has a novel idea for how state officials should tackle restructuring Texas’ electricity market in the wake of 2021′s deadly winter storm: do nothing.

Tribune News Service

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Bulgaria signs deal for access to Turkey's LNG terminals, gas network

Bulgaria's state gas company Bulgargaz signed on Tuesday a long-term deal with Turkish state gas firm Botas for access to neighbouring Turkey's terminals for liquefied natural gas and transit to its border.

Reuters

Power failures amplify calls for utility to rethink gas

A federal utility’s decision to resort to rolling blackouts after coal and natural gas units went offline during dangerously cold conditions has intensified questions about the Tennessee Valley Authority’s recent decision to double down on fossil fuels

The Independent UK

Reliance seeks bids for sale of KG-D6 gas at rates linked to JKM

NEW DELHI: Reliance Industries Ltd and its partner bp plc of the UK have sought bids for the sale of natural gas from the eastern offshore KG-D6 block at a price linked to the rate at which LNG is delivered to Japan and Korea.

The Times of India

Egypt’s Natural Gas Export Revenue Spikes 171%

The Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla said on Wednesday that Egypt’s output of petroleum products amounted to around 79.5 MT in 2022, including around 50.6 MT of natural gas. Egypt’s exports of natural gas rose to $8.40 billion in 2022, a surge of 171 percent from…

Asharq Al-Awsat

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Texas Gov. Greg Abbott lashes Atmos Energy for spotty delivery of natural gas during storm

AUSTIN, Texas – Gov. Greg Abbott has asked state regulators to investigate Atmos Energy for failing to deliver natural gas to North Texas residents during the recent cold snap.

Tribune News Service

Greg Abbott calls for investigation into Atmos Energy following disrupted natural gas services during freeze

Atmos, a major natural gas provider for the state, apologized for last week’s service disruption that left some Texans without heat during freezing weather.

The Texas Tribune

Finland gets floating LNG terminal to replace Russian gas

Finland’s first floating liquefied natural gas terminal has been moored at the southern port of Inkoo where it will supply the Nordic country, which was cut off from Russian gas imports earlier this year amid the war in Ukraine

The Independent UK

Climate activists are fuming as Germany turns to coal to replace Russian gas

Germany is firing up coal plants and importing liquefied natural gas to shore up energy supplies. Activists are carrying out increasingly disruptive protests, gluing themselves to roads and runways.

WEKU

Texas grid holds amid record demand

As freezing temperatures enveloped Texas, demand for electricity Friday morning shattered peak expectations

Salon

Oil passes natural gas as main fuel for power plants in New England

Oil took over from natural gas as the leading fuel for power plants in New England, a significant switch that signals how the grid is desperately trying to keep the lights on in the face of a winter massive storm.

Tribune News Service

Japan firms to stop insuring ships in all Russian waters -Nikkei

Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan's energy imports such as liquefied natural gas (LNG), the Nikkei newspaper said on Saturday.

Reuters

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Reuters

Turkey accuses Cyprus of increasing tension in east Med over gas exploration

Turkey on Friday accused Cyprus of increasing tension in the Eastern Mediterranean after a consortium of Italian and French energy companies found more natural gas off the island earlier this week.

Bangkok Post

SKE expects 2023 revenue to near B1bn

SET-listed Sakol Energy (SKE), a compressed natural gas trader and biomass power plant operator, expects revenue to soar to almost 1 billion baht next year, driven by demand for refuse-derived fuel to support carbon dioxide emission reduction.

ABC News

Senex Energy says its gas expansion has been put on hold after energy cap announcement

Senex Energy's $1 billion Surat Basin gas expansion has been put on hold as the government consults on energy cap laws.

Salon

Climate change made 2022 more expensive

From grocery bills to insurance premiums, warming temperatures hit Americans' wallets hard this year

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The Independent UK

Explosion tears through Russian gas pipeline during repairs

Officials say an explosion during repairs on a section of Europe-bound natural gas pipeline in western Russia has killed three people but hasn't affected export supplies

WEKU

Facing an energy crisis, Germans stock up on candles

Germans are on a mission to transform their energy economy and reduce their consumption, including by — apparently — using lots of candles.

Al Jazeera

Which European nations are handling the energy crisis best?

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts.

Radio France Internationale

EU agrees to cap gas prices, angering Russia

After months of negotiations, European Union energy ministers have agreed to a price cap for natural gas at 180 euros per megawatt hour. The issue has split the bloc, and the agreement drew an immediate warning from Russia, which has cut off most of its gas deliveries to Europe.

The Independent UK

Cyprus: Plant to process Israeli gas for export an option

Cyprus’ energy minister says a pipeline conveying Israeli natural gas to the island nation where it would be liquefied for export by ship is an option the government is weighing on how to get east Mediterranean gas to Europe and elsewhere amid the energy crisis prompted by Russia’s war in…

The Independent UK

EU ministers trying, again, for compromise on gas price cap

European Union ministers are trying again to finalize a long-awaited deal to implement a natural gas price cap that they hope can help households and businesses better weather excessive price surges

WEKU

EU leaders have agreed on a new plan to source power that isn't from Russia

European leaders have finalized an agreement for an undersea electricity connector that could become a new power source for the EU amid a crunch on energy supplies caused by the war in Ukraine.

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