Europe

With a growing commitment among energy companies to tackle climate change, open interest across Intercontinental Exchange Inc.’s (ICE) environmental complex reached a record high last week. The environmental complex, which includes futures and options connected to ICE’s European and California Carbon allowances, Regional Greenhouse Gas Initiative and renewable energy credits, hit record open interest of…

Natural gas futures started off the week lower amid further uncertainty surrounding the pace of liquefied natural gas (LNG) export recovery. A “complicated” weather outlook also left traders unsure of where to price gas, but a chillier turn in Monday’s midday models ultimately lifted the November Nymex contract up 2.2 cents to $2.795. December nudged…

A European Union (EU) blueprint released last week to reduce methane emissions will not impact the U.S. liquified natural gas (LNG) industry for now because the plan does not include restrictions on emissions from foreign producers, experts told NGI. “The methane emissions policies issued by the EU would not have an immediate impact on the…

Ukraine has so much natural gas in storage that it could export its own supplies to other European nations this winter, the country’s transmission system operator said this week.  Ukrtransgaz JSC, which manages the largest storage capacity available in Europe, said it entered October with about 28 billion cubic meters (Bcm) of natural gas in…

The heightened uncertainty plaguing gas markets so far in 2020 because of Covid-19 is expected to carry through the winter season, but a bright spot is emerging for the United States as liquefaction is expected to resume full operations by November with growing demand in Europe and Asia. In a webinar Thursday discussing the outlook…

The La Niña pattern that settled over the United States last month stands to prop up gas demand this winter if the chilly forecast for the northern states holds true. However, in an era in which Lower 48 demand is now largely influenced by dynamics overseas, the current lack of signaling for a cold winter…

The European Energy Exchange (EEX) said this week that it has taken steps to enable negative prices on its natural gas spot markets beginning Oct. 1, following a “number of key price fluctuations” that have occurred on the market in recent months. “The move will allow the exchange to handle any price scenario that may…

The Dutch government has authorized Taqa Energy BV to add much needed underground natural gas storage capacity at its Bergermeer facility in Northwest Europe that the company expects to make available by October. Taqa said Friday that it had been given the green light to expand its facility, Europe’s largest open access natural gas storage,…

In another sign of the surging global interest in using hydrogen to reduce carbon emissions, the European Commission (EC) recently published what it called a “roadmap” for the European Union (EU) to install at least 6 GW of renewable hydrogen electrolyser capacity by 2024 and 40 GW by 2030. European hydrogen electrolyser capacity currently totals…