Europe

European Commission Wants to Prolong Voluntary Natural Gas Demand Cuts

European Commission Wants to Prolong Voluntary Natural Gas Demand Cuts

The European Commission (EC) plans to extend its call for voluntary natural gas reduction measures until next year, said energy commissioner Kadri Simson. “We cannot let our guard down on gas security of supply,” she said Thursday during a press conference one year after the European Union (EU) rolled out a plan to cut its…

March 10, 2023
Tree Energy, HIF Global Looking to Scale Hydrogen Production Using LNG Model

Tree Energy, HIF Global Looking to Scale Hydrogen Production Using LNG Model

As firms like Tree Energy Solutions GmbH (TES) and HIF Global work to build large-scale production and export hubs for hydrogen in the United States and Europe, executives said the next generation of fuels would likely need to be supported by existing natural gas infrastructure. TES CEO Marco Alverà, speaking on a panel this week…

March 9, 2023

Gas Flows Stop at French LNG Terminals Amid Labor Strikes – The Offtake

Unions continued striking Thursday in France to oppose a proposed overhaul of the nation’s pension system, impacting power production, air travel, refineries, ports, LNG imports and other key aspects of the economy.

March 9, 2023
Understanding LNG’s Impact on the U.S. Natural Gas Market Via Shipping and Floating Storage – Column

Understanding LNG’s Impact on the U.S. Natural Gas Market Via Shipping and Floating Storage – Column

Growth in U.S. LNG capacity has reached the point where it is a significant demand component of the country’s expansive natural gas market.

March 8, 2023
EU Tweaks LNG Price Assessments Ahead of Benchmark Launch

EU Tweaks LNG Price Assessments Ahead of Benchmark Launch

European Union (EU) regulators this week updated their methodology for assessing spot LNG transactions on the continent just weeks before the bloc rolls out a benchmark aimed at improving price transparency. The EU Agency for the Cooperation of Energy Regulators (ACER) said there were periodically insufficient eligible spot transactions to calculate price assessments for both…

March 8, 2023
U.S. Feed Gas Deliveries Hit Record as Freeport LNG Continues to Ramp Up – LNG Recap

U.S. Feed Gas Deliveries Hit Record as Freeport LNG Continues to Ramp Up – LNG Recap

Freeport LNG is now accepting more than 1 Bcf/d of feed gas, helping send total deliveries to U.S. export plants above 14 Bcf/d over the weekend for the first time ever. The Freeport terminal on the upper Texas coast has been ramping back up after federal regulators authorized partial service to resume at the facility…

March 7, 2023
Europeans ‘Don’t Intend to Go Back’ to Russian Natural Gas, Says Chevron CEO

Europeans ‘Don’t Intend to Go Back’ to Russian Natural Gas, Says Chevron CEO

The world’s natural gas markets are fundamentally changed for the long term with less dependence on Russia, Chevron Corp. CEO Mike Wirth said Monday. Wirth was the opening speaker in Houston at CERAWeek by S&P Global. CERAWeek Chairman Daniel Yergin joined Wirth on stage to kick off the week-long conference. The two men discussed how…

March 6, 2023
Eni Builds Production, LNG Portfolio to Leverage ‘North-South Axis’ for European Supply

Eni Builds Production, LNG Portfolio to Leverage ‘North-South Axis’ for European Supply

As Eni SpA shifts its focus from enduring the loss of Russian natural gas to solidifying long-term energy supply for Europe, management sees a corridor through Africa and the Mediterranean – and its pipeline of exploration projects – unlocking energy security for the continent. CEO Claudio Descalzi told analysts during a call last week that…

March 3, 2023
Europe Appears On Schedule to Pool Natural Gas Demand This Summer

Europe Appears On Schedule to Pool Natural Gas Demand This Summer

The European Union (EU) is on track to start joint natural gas purchases before the summer, with most member states and some nonmember states indicating the assistance they will need to refill storage inventories ahead of next winter, said European Commission (EC) Vice President Maroš Šefčovič. Šefčovič in a press briefing on Thursday said after…

March 2, 2023
France ‘Stepping Up’ Role as Top Entry Point for European LNG

France ‘Stepping Up’ Role as Top Entry Point for European LNG

To help Europe replace gas supplies cut by Russia, France’s liquified natural gas (LNG)  imports nearly doubled last year, as the country delivered four times as much pipeline gas to neighboring European countries compared to 2021.  “France is stepping up its role as a point of entry and transit country for supplying Europe with gas,”…

March 1, 2023