Nord Stream

Nord Stream AG, operator of the Nord Stream 1 and Nord Stream 2 natural gas pipeline systems, has been granted access in the security zones around the ruptured lines.

Nord Stream AG disclosed Wednesday it has discovered craters 10-16 feet deep along Line 1 of its natural gas pipeline system previously used to transport Russian supplies to Europe

European natural gas prices continued declining Monday to the lowest point in three months on mild weather forecasts and reports of heightened storage, despite threats from Russia of a complete end to pipeline exports. After a brief mid-week jump last Wednesday (Oct. 12), natural gas linked to the Dutch Title Transfer Facility (TTF) benchmark continued…

Production and capacity issues in Algeria and Nigeria could impact future natural gas pipeline and LNG exports to Europe, complicating buyers’ hopes that contracted supplies can help bridge the gap caused by the shutdown on Nord Stream 1. Liquefied natural gas is projected to meet about half of Europe’s gas demand through 2030, according to…

Damage to the Nord Stream (NS) pipeline systems that connected Russian natural gas supply to Western Europe was caused by detonations and more than likely sabotage, authorities with the Swedish Security Service said Thursday. Sweden’s counter-espionage and counter-terrorism officials disclosed some of the first official conclusions into the incident since gas leaks in the Baltic…

European natural gas and power prices reversed a nearly week-long decline on Tuesday as news of potential damage to the Nord Stream 1 (NS1) and Nord Stream 2 (NS2) pipeline networks stoked concern about the future of Russian supply to the continent. The operator of NS1, Nord Stream AG, detected a drop in pressure late…

Russia’s Gazprom PJSC again reported a slide in both natural gas production and exports as it has nearly cut off all deliveries to Europe in retaliation for sanctions against its war in Ukraine.  The state-owned company, which holds the world’s largest gas reserves and is among the largest exporters, said year/year deliveries to countries outside…

Analysts with Fitch Ratings Inc. now assume the European Union (EU) will not receive any Russian pipeline gas until the end of the year, making an already tight supply situation even tighter. The credit rating firm updated its guidance after comments from Russia’s President Putin and other officials indicated that western flows on the Nord…

Natural gas prices dropped again Wednesday as traders assessed receding domestic demand prospects, rising production and possible peril for American LNG exports. The October Nymex gas futures contract settled at $7.842/MMBtu, down 30.3 cents day/day. November fell 31.1 cents to $7.901. At A Glance: Production hovers around all-time high Forecasts call for cooler weather ahead…