Nord Stream 2

Senate Votes Against Nord Stream 2 Sanctions as Political Tensions and European Prices Continue to Rise

Senate Votes Against Nord Stream 2 Sanctions as Political Tensions and European Prices Continue to Rise

Russian aggression toward Ukraine continued to stress European alliances and global natural gas prices Friday following the defeat of sanctions for the 5.3 Bcf/d Nord Stream 2 (NS2) pipeline in the Senate. The sanctions – brought by Sen. Ted Cruz (R-Texas) Thursday night as part of a deal with Sen. Majority Leader Chuck Schumer (D-New…

January 14, 2022

European Natural Gas Prices Down Again – The Offtake

A roundup of news and commentary from NGI’s LNG Insight European natural gas prices fell for a seventh consecutive day on Thursday. Warmer weather, more LNG deliveries and a decline in industrial demand continued weighing on prices that recently hit record highs of about $60/MMBtu. British and Dutch futures declined by about $3 Thursday, when…

December 30, 2021

Germany Again Delays Nord Stream 2 Certification – The Offtake

A roundup of news and commentary from NGI’s LNG Insight The German regulatory agency overseeing power and natural gas markets said it won’t certify Russia’s Nord Stream 2 (NS2) pipeline for service in the first half of 2022. The 5.3 Bcf/d pipeline is completed but still needs to be certified by Germany in a decision…

December 16, 2021

Cheniere Loads First Cargo from Train 6 at Sabine Pass LNG — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Cheniere Energy Inc. has loaded its first cargo from the 5 million metric tons/year (mmty) Train 6 expansion at the Sabine Pass terminal in Louisiana. Feed gas was introduced in September. The company expects commissioning to be completed in 1Q2022.  Qatar Energy (QE) said Wednesday…

December 8, 2021
Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong — LNG Recap

Supply Outages, Weather Forecasts Keep Global Natural Gas Prices Strong — LNG Recap

Global natural gas prices remained strong Tuesday as benchmarks in Europe and the United States bounced back amid a colder forecast and supply shortages that are seen keeping the market tight.  Dutch and British futures finished the day slightly higher, with the front-month contracts both settling above $30/MMBtu. In the United States, the prompt Henry…

November 23, 2021
European Natural Gas Prices Surge on Nord Stream 2 Delay — LNG Recap

European Natural Gas Prices Surge on Nord Stream 2 Delay — LNG Recap

European natural gas prices surged Tuesday after German regulators delayed certifying the Nord Stream 2 (NS2) pipeline, exacerbating fears that the continent won’t have enough of the fuel this winter.  “This provides additional pressure to uncertain gas supplies, coupled with the now stereotypical Russian move of not booking additional transit capacity through Ukraine at Monday’s…

November 16, 2021
LNG 101: Russia’s Role in a Flailing European Natural Gas Market

LNG 101: Russia’s Role in a Flailing European Natural Gas Market

Russia has factored heavily into the global dialogue surrounding this year’s energy shortages, particularly as it relates to the country’s role as the leading supplier of natural gas to Europe. Weather patterns, supply chain issues, production outages and the pandemic, among other things, have collided to create shortages of everything from coal and natural gas…

October 26, 2021
Sky’s the Limit for European Natural Gas Prices this Winter, Wood Mackenzie Says

Sky’s the Limit for European Natural Gas Prices this Winter, Wood Mackenzie Says

European natural gas stockpiles could be completely drained over the next few months, leaving the continent wholly dependent on Russian pipeline imports if this winter turns out to be unseasonably cold in both Europe and Asia, according to an analysis from Wood Mackenzie. Colder winter weather across the globe could raise European heating demand to…

October 11, 2021
Nord Stream 2 Begins Accepting Natural Gas on First String as Commissioning Ramps Up

Nord Stream 2 Begins Accepting Natural Gas on First String as Commissioning Ramps Up

Natural gas is flowing on the Nord Stream 2 (NS2) pipeline that runs from Russia to Germany, with volumes expected to ramp up as the system is commissioned.  Gazprom PJSC affiliate Nord Stream 2 AG this week said gas filling has started on the first string of the 5.3 Bcf/d, two-leg system that stretches 764…

October 5, 2021
European Natural Gas Prices Continue Rising Despite NS2 Completion

European Natural Gas Prices Continue Rising Despite NS2 Completion

Gazprom PJSC has completed the Nord Stream 2 pipeline and said last week that it would work toward starting commercial operations on the system by the end of the year to move more supplies to natural gas-starved Europe.  The company tied together the final section of the system’s second leg between the German shore and…

September 13, 2021
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