Europe

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. As part of its effort to displace Russian gas, the Biden administration has committed to sending an additional 15 Bcm of liquefied…

European TTF prices opened down on Thursday morning after a strong start to the week triggered by news that Russia would stop pipeline gas exports to Poland and Bulgaria.

TotalEnergies SE said Thursday it hasn’t ruled out exiting Russia entirely, a move management said would not disrupt the significant growth seen in the firm’s liquefied natural gas (LNG) operations.  The Paris-based supermajor again condemned Russia’s invasion of Ukraine during its first quarter earnings call. Management announced after the incursion that it would provide no…

A group of more than 50 natural gas companies responsible for a sizable chunk of U.S. supply is urging the White House and European Commission to develop a unified global standard for directly measuring methane emissions from the wellhead to the burner tip. Our Nation’s Energy Future, aka ONE Future, comprises companies throughout the natural…

The United Arab Emirates’ (UAE) plans to build a second LNG export facility and become a regional exporter are gaining momentum as European leaders recently visited the Middle East to discuss replacing Russian energy imports.  The proposed two train 9.5 million metric tons/year (mmty) project is to be located at the busy oil port of…

U.S. natural gas prices rebounded Monday and were set to maintain momentum as benchmarks in Asia and Europe continued to cool.  “Daily demand is set to rise mid-week, adding as much as 5.5 Bcf/d by Wednesday and coinciding with the May contract rollover,” said EBW Analytics Group analyst Eli Rubin of the Henry Hub contract. …

Liquefied natural gas (LNG) demand across Asia has weakened considerably in recent weeks, dragging down forecasts for global consumption this year and leaving less competition for European buyers eager to displace Russian energy supplies. “We are entering into negative territory,” said analyst Gergely Molnar of the International Energy Agency (IEA). The global energy watchdog expects…

The Netherlands will rely on increasing liquefied natural gas (LNG) imports instead of counting on domestic gas production from the Groningen field to help replace Russian imports.    The Dutch government has decided against increasing output from Groningen, which was under consideration as a way for Europe to refill natural gas storage and displace Russian supplies. …

Oil and natural gas prices fell across the globe Tuesday, pushed lower by a variety of factors including demand destruction in Asia, bearish sentiment in Europe and a cooling rally in the United States.  European natural gas prices hit their lowest level since Russia invaded Ukraine in February. The May Title Transfer Facility contract hit…