European

Global Oil, Natural Gas Prices Fall as Sanctions on Russia Fail to Bite Energy Exports

Global Oil, Natural Gas Prices Fall as Sanctions on Russia Fail to Bite Energy Exports

Global oil and natural gas prices tumbled Friday as sanctions imposed by the United States and its allies excluded Russian energy exports.  After surging by roughly 50% this week, the rally in European natural gas prices stopped Friday.  British and Dutch futures were down across the curve as Russian natural gas deliveries to Europe increased.…

February 25, 2022
Business as Usual at U.S. LNG Export Terminals Amid Outbreak, but Overseas Markets Reeling

Business as Usual at U.S. LNG Export Terminals Amid Outbreak, but Overseas Markets Reeling

Inclement weather along parts of the Gulf Coast has so far done more in recent weeks than the coronavirus to impact operations at U.S. liquefied natural gas (LNG) export terminals, but operators are keeping a close eye on developments at home and abroad as the disease spreads.

March 19, 2020

European Model ‘Considerably Warmer’ Overnight as Natural Gas Futures Called Lower

After some notably warmer forecast trends overnight, natural gas futures were trading slightly lower early Friday. The May Nymex contract was down 1.5 cents to $2.697/MMBtu shortly after 8:30 a.m. ET.

March 29, 2019
U.S. Said to Threaten German Companies Regarding Nord Stream Gas Pipeline

U.S. Said to Threaten German Companies Regarding Nord Stream Gas Pipeline

The U.S. ambassador to Germany reportedly warned that German companies working on Russia’s controversial Nord Stream 2 natural gas pipeline could be subject to sanctions, including disqualification from participating on projects.

January 15, 2019
Trump, EU Agree to Work Toward More U.S. LNG Exports to Europe

Trump, EU Agree to Work Toward More U.S. LNG Exports to Europe

The United States and the European Union (EU) appeared to take a step back from an escalating trade war on Wednesday, with each pledging to negotiate a bilateral trade deal that would eliminate tariffs on steel and aluminum, among other things, and for Europe to build additional liquefied natural gas (LNG) import terminals, allowing member countries to purchase more U.S. gas.

July 26, 2018

Canada LNG Exports — Both West and East — Facing Global Cost Pressures, Says CERI

Formidable cost obstacles confront British Columbia (BC) plans to break into global liquefied natural gas (LNG) markets, while Nova Scotia export proposals face even higher hurdles, according to the Canadian Energy Research Institute (CERI).

July 13, 2018

Europe’s Big Oil Operators Said Outperforming U.S. Peers in Shift to NatGas, Renewables

European oil majors, including many with extensive U.S. operations, outperform their domestic peers in preparing for a low-carbon future as they shift to more natural gas production and invest in alternative energies, a new analysis has found.

November 23, 2016
U.S. LNG Exports No Panacea for Europe, Report Finds

U.S. LNG Exports No Panacea for Europe, Report Finds

U.S. exports of liquefied natural gas (LNG) will strengthen Europe’s bargaining position with Russia and help create a more diverse global gas market, but they won’t solve the current crisis in Ukraine or free Europe from Russian gas, and they are unlikely to cause the Kremlin to change its foreign policy, according to Columbia University’s Center on Global Energy Policy.

September 23, 2014

Power Generator Feeling Mexico NatGas Exports

Large natural gas end-users, consumer advocates and environmentalists have raised a cry about exporting U.S. liquefied natural gas (LNG) to Asian and European markets, but one power generator executive wonders why no one is questioning increasing pipeline exports of gas to Mexico.

July 22, 2013

U.S. Shale Boom Attracts Foreign Chemical, Service Firms

Although many of its nations have so far spurned their own shale development, European chemical and energy service companies are benefiting from the U.S. shale gas development and the resulting low natural gas prices on this side of the Pond, according to an American Chemistry Council (ACC) economist.

December 11, 2012
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