European gas

Cheniere Energy Inc. has begun measuring greenhouse gas (GHG) emissions at its two Gulf Coast LNG export terminals to demonstrate its progress to export “cleaner” natural gas. The Houston-based liquefied natural gas exporter has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership (OGMP) 2.0. Cheniere has also initiated the quantify, monitor,…

Natural gas futures continued to trade mostly sideways midweek, with no huge deviations in the supply/demand balance to decisively move prices one way or the other. Instead, expectations for another massive storage injection sent the November Nymex contract down 16.1 cents day/day to $6.435/MMBtu. December futures slipped 16.2 cents to $6.766. At A Glance: Another…

Uniper SE said Wednesday that the German government would spend 8 billion euros ($7.9 billion) to take a 99% stake in the company and nationalize the country’s largest utility.  The German government would also acquire all the shares held by Uniper’s largest stakeholder, Finnish energy company Fortum Oyj. The deal amends a bailout announced in…

A revived pipeline project running through Portugal, Spain and France could deliver an additional 7.5 billion cubic meters (Bcm) per year of gas to Central Europe if approved by the European Commission (EC), but it is still facing opposition.  Europe is looking to secure alternative sources of gas to reduce its dependence on Russian pipeline…

European countries without adequate liquefied natural gas (LNG) infrastructure are scrambling to secure floating storage and regasification units (FSRU) to import more of the super-chilled fuel amid a broader effort to cut reliance on Russian energy supplies. Ultimately, Europe is aiming to replace 155 billion cubic meters/year (Bcm/year) of Russian natural gas imports before 2030.…