LONDON (ICIS) – European and Asian prices continued to move in tandem to some extent, driven by new supply deals, tighter European supply and new Russian sanctions.
Europe
Articles from Europe
Vessels Await Mid-May Start-Up of Equinor’s Hammerfest LNG
Liquefied natural gas (LNG) vessels are already arriving at Equinor ASA’s Hammerfest LNG terminal in Norway in preparation for a mid-May restart after over a year of repairs, according to analysts. The Norwegian energy company recently confirmed the 4.3 million metric tons/year terminal was on track for start-up on May 17. The project, which chills…
May 12, 2022
Ukraine’s Gas Grid Operator Suspends Some European Flows After Russia Seizes Territory
The operator of Ukraine’s natural gas grid reported Tuesday it would have to suspend service at a critical point for gas transport through the country because of Russia’s increased “military aggression.” Gas TSO of Ukraine (GTSOU) confirmed it was declaring a force majeure at the gas metering station at Sokhranivka and the compressor station Novopskov.…
May 10, 2022
Long-Term Deals, LNG Import Capacity Rising
LONDON (ICIS) – LNG pricing highlights this week were largely characterized by big rises in the US Henry Hub price, driven by tight supply and a lack of new production indicators ahead of summer demand.
May 6, 2022
Sempra Focusing on Long-term LNG Contracts, Equity Partnerships
As the invasion of Ukraine fuels record prices for U.S. liquefied natural gas (LNG), Sempra plans to hold steady on prioritizing long-term contracts and equity partnerships, which management said have become more important during the conflict. The Sempra Infrastructure Partners subsidiary of the San Diego-based energy company has a hefty list of proposed and sanctioned…
May 5, 2022
Shell CEO Says Energy Security ‘Cannot Be Taken For Granted’ as Global LNG Projects Advance
Shell plc, the world’s largest natural gas buyer, continues to nab agreements to buy more supply in a world ever thirstier for the fuel, CEO Ben van Beurden said Thursday. Addressing investors during the first quarter conference call, van Beurden was joined by new CFO Sinead Gorman, who took over for long-time financial chief Jessica…
May 5, 2022
Antero Ready to Capture LNG Upside as Calls for U.S. Exports Grow
Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said last week. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings.…
May 4, 2022
Cheniere ‘Just Beginning’ to Meet Europe’s LNG Demand After Dominating in 1Q
Cheniere Energy Inc. said Wednesday the amount of liquefied natural gas (LNG) it produced for delivery to Europe surged during the first quarter in a trend management expects to continue as the continent looks to diversify its supplies in a pivot from Russia. Chief Commercial Officer Anatol Feygin said Cheniere-produced cargoes supplied more of the…
May 4, 2022
Spain’s Enagás Confirms Renewed Work on Natural Gas Interconnect with France
Enagás SA, Spain’s transmission system operator (TSO), has renewed talks to create more natural gas pipeline infrastructure between France and Spain in the wake of Russia’s invasion of Ukraine. CEO Arturo Gonzalo said during a first quarter earnings call the company is “working closely” with its French TSO counterpart, Teréga SAS, to propose an additional…
May 4, 2022
Europe Weighs Risks of Further Russian Natural Gas Supply Cuts – LNG Recap
European natural gas prices bounced back on Tuesday as the market appeared torn between steadily increasing liquefied natural gas (LNG) imports and the possibility of further disruptions to Russian supplies. Russia cut off natural gas exports to Poland and Bulgaria for the countries’ refusal to comply with the Kremlin’s decree requiring European buyers to change…
May 3, 2022
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