natural gas supply

Global commodities trader Gunvor Group Ltd. has secured a 400 million euro loan ($437 million) backed by the Italian government to buy more natural gas and LNG for industrial consumers in the country. The five-year term loan guaranteed by Italy’s export credit agency, Sace SpA, is aimed at supporting Italian industry with energy supplies to…

In another indication of renewed interest in natural gas storage capacity, Mississippi’s Leaf River Energy Center is seeking to modify its facility to maximize injections and withdrawals in response to customer requests for greater flexibility. NJR Midstream’s Leaf River, the third largest underground salt cavern in the Gulf Coast region, filed a proposal with FERC…

More than a year after the invasion of Ukraine, it still remains unlikely that Russia will regain its role as the European Union’s (EU) leading natural gas supplier, but an eventual increase in the country’s exports to the continent isn’t out of the question.  A top supplier to the EU, Russia exported about 140 billion…

The European Commission (EC) plans to extend its call for voluntary natural gas reduction measures until next year, said energy commissioner Kadri Simson. “We cannot let our guard down on gas security of supply,” she said Thursday during a press conference one year after the European Union (EU) rolled out a plan to cut its…

Mexico has big plans to become an LNG export powerhouse, but it might not have the pipelines or available capacity to do so, according to experts. “Is there enough capacity and pipelines to support these projects? I don’t think so,” said the head of the Gadex consultancy, Eduardo Prud’homme, at the LDC Gas Forums’ U.S.-Mexico…

The United States could see increased upward pressure on natural gas prices compared with last winter, as cold weather and surging demand threaten to offset production gains, according to the National Gas Supply Association’s (NGSA) Winter Outlook. In the forecast presented Wednesday, NGSA Chairman David Attwood, who is an ExxonMobil vice president, touted the “comeback…

Click here to listen to the latest episode of NGI’s Hub & Flow, as NGI’s Patrick Rau, director of strategy and research, discusses the structural changes in the U.S. natural gas market. Rau takes a deep dive into the massive upheaval in the markets from tight supply/demand fundamentals, international developments and policy changes in the…

Chancellor Olaf Scholz’s pledge for Germany to become independent from Russian energy imports “as soon as possible” is said to be supported by ambitious plans, including starting liquefied natural gas (LNG) imports by 2023.  Germany’s Economy and Climate Minister Robert Habeck said at a recent news conference that one of Europe’s largest energy-consuming nations is…

New England’s natural gas pipeline constraints, global supply chain issues tied to oil and liquefied natural gas (LNG) deliveries, and prolonged periods of cold weather this winter could keep the region’s electric utilities from accessing sufficient fuel to meet customer demand and trigger emergency actions, according to power grid operator ISO New England Inc. “As…