Nord Stream 2

Williams CEO Says U.S. LNG to Benefit from NS2 Suspension; Natural Gas Prices Move Higher

Williams CEO Says U.S. LNG to Benefit from NS2 Suspension; Natural Gas Prices Move Higher

Europe’s dependence on U.S. natural gas is going to “grow even faster” if Nord Stream 2 (NS2) deliveries from Russia to Germany are delayed, Williams CEO Alan Armstrong said. During a conference call Tuesday to discuss the natural gas pipeline giant’s fourth quarter and year-end results, Armstrong said the value of domestic supply will grow…

February 23, 2022
Natural Gas Futures Post Modest Increase on Near-Term Cold, Geopolitical Unrest

Natural Gas Futures Post Modest Increase on Near-Term Cold, Geopolitical Unrest

Natural gas strengthened after the extended holiday weekend as cold, rainy winter blasts continued to move across the country. With heightened geopolitical tensions driving a broader spike across commodities, the March Nymex gas futures contract settled Tuesday at $4.498/MMBtu, up 6.7 cents from Friday’s close. April futures climbed 8.4 cents to $4.461. Spot gas prices…

February 22, 2022
Biden Promises More Russian Sanctions and Germany Suspends NS2 Certification

Biden Promises More Russian Sanctions and Germany Suspends NS2 Certification

President Biden on Tuesday increased pressure on Russia with economic sanctions and troop movements in response to escalation on the Ukrainian border. It was the latest pushback against the country by western allies of Ukraine after President Vladimir Putin announced he would recognize the sovereignty of two pro-Russian sepratist states along the eastern border and…

February 22, 2022
Biden Warns Nord Stream 2 to ‘End’ if Russia Invades Ukraine

Biden Warns Nord Stream 2 to ‘End’ if Russia Invades Ukraine

President Biden on Monday warned that if Russia invades Ukraine, the 5.3 Bcf/d Nord Stream 2 (NS2) pipeline project will not proceed. The president made the remarks at a press conference, held with German Chancellor Olaf Scholz on his first visit to the White House.  The future of the critical energy infrastructure project to deliver…

February 8, 2022

Nord Stream 2 Step Closer to Start-Up After Establishing German Subsidiary – The Offtake

A roundup of news and commentary from NGI’s LNG Insight  Nord Stream 2 (NS2) has established a subsidiary to operate a portion of the pipeline in Germany. The 5.3 Bcf/d system is ready to move natural gas from Russia to Germany, but it still needs regulatory approval.  NS2 needs to comply with European Union rules…

January 27, 2022
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
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