Therese Robinson

European natural gas prices continued to dip after the 27 European Union (EU) leaders agreed to a “roadmap” of emergency measures, including capping prices on gas sales, to help meet Europe’s energy crisis. Following many hours of negotiations, agreement was reached on several measures, including a proposal for a temporary price limit on gas transactions…

National Grid plc, which manages the UK’s electricity and natural gas networks, is looking to secure additional gas reserves to help manage potential supply shortfalls this winter, particularly if LNG deliveries are diverted. “Due to the war in Ukraine and gas shortages in Europe, there is a significant risk that gas shortages could occur during…

European Union (EU) energy ministers will likely weigh proposals for natural gas price caps and other protective measures after weeks of questions from members, but researchers expect a consensus will be hard fought. Leaders from the 27 EU member countries are expected to meet Thursday and Friday to possibly implement a price cap on gas,…

Production and capacity issues in Algeria and Nigeria could impact future natural gas pipeline and LNG exports to Europe, complicating buyers’ hopes that contracted supplies can help bridge the gap caused by the shutdown on Nord Stream 1. Liquefied natural gas is projected to meet about half of Europe’s gas demand through 2030, according to…

Petroliam Nasional Berhad, aka Petronas, has declared force majeure on supplies from its Malaysia LNG (MLNG) facility due to a pipeline leak, which could add more pressure on Asian and European liquefied natural gas buyers looking to cover before the winter season.   “It’s expected that the leak at the Sabah-Sarawak gas pipeline that supplies the…

To help cope with the European energy crisis,  all twenty seven European Union (EU) members approved several measures at a Brussels meeting on Friday, including levies on windfall profits made by fossil fuel companies.  But, after weeks of debate from members and market speculation, a bloc-wide cap on natural gas import prices has been tabled…

More than a dozen non-governmental (NGO) and environmental organizations are challenging the European Union’s (EU) decision to label natural gas and nuclear as sustainable investments under a law adopted in July. The EU taxonomy under the Climate Delegated Act (CDA)  is a classification system established to clarify which investments are considered sustainable. The groups opposing…

Egypt’s Suez Canal Authority (SCA) is increasing transit tolls next year, adding to the costs associated with shipping LNG and other fuels through the key trade route. Fees will increase by 15% for tankers carrying oil and petroleum products, and by 10% for dry bulk carriers and cruise ships. “I don’t expect the Suez canal…

Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy.  President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…