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The Latest Breaking News from Natural Gas

Germany steps up calls to save energy as Russia reduces gas

Germany’s vice chancellor is stepping up an appeal for the country's residents to save energy after Russia’s Gazprom announced significant cuts in natural gas deliveries through a key pipeline

The Independent UK

European gas rises further, escalating energy war

Natural gas prices in Europe jumped after Russia stepped up an energy war by cutting supplies through the largest link to the continent to less than half of its usual volumes.

Bangkok Post

Florida utility aims to eliminate carbon emissions by 2045

Florida’s largest electricity provider has announced plans to eliminate all of its carbon emissions by 2045 by increasing its reliance on solar energy, including using it to turn water into hydrogen to power its generating plants

The Independent UK

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Gas surges in Europe as Russia signals deeper supply cuts

European natural gas prices extended gains as Russia signaled deeper supply reductions through its biggest pipeline to the continent.

Tribune News Service

Reduced Russian gas flow is political, German official says

Germany’s vice chancellor says Russia’s announcement that it would reduce natural gas flows through a key European pipeline by roughly 40% appears to be a political move rather than a result of technical problems

The Independent UK

EU signs gas deal with Israel, Egypt in bid to ditch Russia

The tripartite agreement will allow ‘significant’ exports of Israeli gas to Europe for the first time.

Al Jazeera

Egypt, Israel to boost gas supply to EU amid Ukraine war

Egypt, Israel, and the European Union have signed a deal to increase liquified natural gas sales to EU countries, who aim to reduce dependence on supply from Russia as the war in Ukraine drags on

The Independent UK

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Egypt, Israel to Boost Gas Supply to EU amid Ukraine War

Egypt, Israel, and the European Union on Wednesday signed a deal to increase liquefied natural gas sales to EU countries, who aim to reduce dependence on supply from Russia as the war in Ukraine drags on. The deal, stamped in a five-star Cairo hotel, will see Israel sending more gas…

Asharq Al-Awsat

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

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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Radio France Internationale

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.

The Independent UK

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

Chicago Sun-Times

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.

Al Jazeera

Algeria suspends trade ties with Spain over Western Sahara row

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

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news in one place.

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Benzinga

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…

The Independent UK

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

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

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…

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