Europe

The European Union’s (EU) independent energy regulator reported the bloc’s natural gas consumption has continued to drop even as trade liquidity and imports from the United States are still on the rise. The EU’s gas consumption has dropped 20.3% year-to-date, according to the latest market report from the European Union Agency for the Cooperation of…

Natural gas production from the Netherlands’ Groningen field will end by Oct. 1, the Dutch government confirmed late last week, largely eliminating what was long a top supply source for Europe.  The continent has depended on production from Groningen for decades. The field reached peak annual output of 88 billion cubic meters (Bcm) in 1976,…

An unexpected delay at Norway’s Nyhamna gas processing plant this month resulted in a dip in Norway’s gas production and higher European prices as traders adjusted to Shell plc’s postponed planned maintenance. The plant had been shut down since May 19 and was originally slated to resume production on June 21, but maintenance work on…

Mercuria Energy Trading SA said Tuesday it has secured a nearly $550 million credit facility backed by Italy’s Export Credit Agency to help supply natural gas and LNG to the country.

Global natural gas markets were calm Monday despite a brief armed rebellion in Russia over the weekend that called into question President Vladimir Putin’s grip on power. “The market seems to be reacting very little to events in Russia,” said Engie EnergyScan analysts. “One might say that this is to be expected, given that the…

Cheniere Energy Inc. said Wednesday it has secured another customer to support a major expansion at its Sabine Pass LNG export terminal in Louisiana.  Cheniere Marketing LLC entered a sales and purchase agreement (SPA) to provide Equinor ASA 1.75 million metric tons/year (mmty) of the super-chilled fuel for a term of 15 years. Equinor would…

As Europe’s LNG infrastructure continues to expand, U.S. volumes to the continent surged during the first five months of the year before dropping in May. Falling natural gas prices didn’t encourage European buyers to grab cargoes in May, leading to a 7% month/month drop as warm weather settled in. A mild winter, collapsed industrial demand…

Editor’s Note: This column is part of a regular series by industry veteran Brad Hitch for NGI’s LNG Insight dedicated to addressing the complexities of the global natural gas market. One of the themes that has been touched upon is the increasing integration of the global gas market. This means U.S. integration with the rest…

Global natural gas prices are starting to tick upward once again as maintenance events and warmer weather appear to signal more demand for LNG, but analysts are warning a bearish summer could still lie ahead. After sliding for several weeks to the lowest points since 2021, prompt Asian and European prices began to rally again…