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…
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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…
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…
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…
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…
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…
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…
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…
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…
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…