Europe

Uniper SE said it expects the financial blows it took last year to replace Russian natural gas with costlier spot supplies to impact operations until the end of 2024, at which point it’s unlikely to require equity injections and credit from the German government.  Germany’s largest gas buyer was bailed out by the government last…

The wide spread between European pipeline gas futures and LNG delivered to the continent has narrowed to an average range as global gas prices continue to slide, but analysts warn the risk of volatility still looms large. European regulators and natural gas buyers have been cautiously eyeing the differential between Northwest European liquefied natural gas…

Shell plc and BP plc were among the 76 companies that made 115 bids for 258 of the 931 blocks on offer in the UK’s offshore oil and gas exploration licensing round last month.  It was the country’s first licensing round since 2019, which attracted 104 bids for 245 blocks. The Department of Business, Energy…

The European Union (EU) has published the first LNG reference price for use in a market control mechanism to cap natural gas prices under regulations that take effect later this month.  The reference price is an average of several liquefied natural gas indexes and benchmark prices that will be used to trigger the cap if…

Europe must continue cutting its natural gas consumption this year and act quickly to secure additional supplies if it expects to make it through next winter, according to Brussels-based think tank Bruegel. The European Union (EU) must cut demand this year by 13% from the previous five-year average through at least Oct. 1, Bruegel said…

Natural gas is still expected to dominate the global energy mix and support decarbonization into the middle of the century despite recent market volatility, but the world’s current energy crunch could be accelerating LNG’s position as the trade of choice, according to researchers from the Gas Exporting Countries Forum (GECF). In a recently published Global…

The Federal Energy Regulatory Commission has cleared Freeport LNG Development LP to introduce feed gas to Train 3 for commissioning and cool down. It also has granted permission to cool down the main rundown line that extends from the liquefaction trains to the liquefied natural gas tank area.

Oman has agreed to provide Turkey’s Botas with LNG beginning in 2025, continuing a streak of supply agreements that began last year as the nation looks to increase output of the super-chilled fuel. Oman LNG LLC would supply 1 million metric tons/year (mmty) to state-owned Botas over a 10-year term from its Qalhat liquefaction facility…

Freeport LNG Development LP has requested FERC’s approval to reintroduce feed gas to one of its three trains more than seven months after a fire and explosion knocked the Texas plant offline. In a filing on Monday, Freeport also said that it has successfully cooled down its Loop 1 transfer piping so it can move…