Israel

Natural gas futures found fresh footing early Wednesday, rising 8.0 cents in morning trading, but prices ultimately slumped and the prompt month extended a losing streak to six sessions. Weather forecasts showed more demand in coming weeks and LNG feed gas volumes held strong, but abundant supplies countered. At A Glance: Analysts see moderate injection…

Damage to the subsea Balticonnector natural gas pipeline that links Estonia and Finland was likely caused by “external activity,” Finland President Sauli Niinistö said Tuesday. A leak forced operators to shut the system down over the weekend, and repairs could take months.

Natural gas futures rallied for a fifth straight session Monday, powered by a tightening domestic market and global supply worries spawned by threats of an LNG worker strike and the sudden eruption of war in the Middle East, a key energy producing region. At A Glance: Front month gains 3.8 cents Global supply threats intensify…

War in Israel, along with the prospect of continued labor strikes at LNG terminals in Australia and a leaking pipeline that connects Finland and Estonia, all combined Monday to send European gas benchmarks soaring. The prompt Dutch Title Transfer Facility finished 15% higher Monday to close near $14/MMBtu. Asian prices are also poised to climb…

Israel, which declared war against Islamist militant group Hamas following an unprecedented attack by the group in Israeli territory, has instructed Chevron Corp. to shut in the Tamar natural gas platform offshore the northern coast.  Alternative fuels are to be used as necessary to ensure the economy can operate, Israeli officials said. Israel had formally…

Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping. A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according…

Israel continues to review which transportation route is best to export natural gas to Europe, with a final decision on the path expected sometime next year.  Israeli Prime Minister Benjamin Netanyahu recently met with Greek Prime Minister Kyriakos Mitsotakis and Cyprus’ President Nikos Christodoulides to discuss how to get more natural gas to Europe. Netanyahu…

Israel has agreed to send more natural gas to Egypt, potentially stabilizing future LNG exports to Europe as Egypt balances calls for more supply and domestic demand. Israeli Energy Minister Israel Katz said in a post on X, formerly Twitter, that he had signed an agreement with Egypt to allow for additional gas resources from…

The exploration partners in the Leviathan natural gas field offshore Israel, which include Chevron Corp., could invest in a multi-billion dollar floating LNG (FLNG) platform that could boost East Mediterranean gas exports to Europe. Earlier this week, the partnership approved plans to spend $96.4 million on pre-front-end engineering and an estimated 4.6 million tons/year capacity…