Russia-Ukraine conflict

Russia’s control of global oil and natural gas supplies, and particularly LNG, has progressed with ExxonMobil’s exit from the Sakhalin-1 offshore oil project. ExxonMobil disclosed exited Sakhalin-1 after Russian President Vladimir Putin signed a decree expropriating the supermajor’s 30% stake “With its two recent decrees, the Russian government unilaterally terminated our interests in Sakhalin-1, and…

In case the message was missed in August, when Chancellor Olaf Scholz returned to Germany without the LNG he had sought, Prime Minister Justin Trudeau said again that Canada is no fossil fuel warehouse for deliveries on demand. At the National Arts Centre in Ottawa this week, Trudeau only gave Scholz a promise to work…

Europe is expected to have enough natural gas to get through the winter, but a set of variables leaves the continent facing “unprecedented risks” that could have even deeper repercussions next year and beyond.  Natural gas storage inventories on the continent are nearly full. Preserving those stockpiles, particularly during the depths of winter, depends on…

Venezuela could begin exporting commercial volumes of natural gas by way of neighboring Trinidad and Tobago within a relatively short timeframe if U.S. sanctions on Venezuela are relaxed, according to IPD Latin America’s David Voght, managing director. “Our assessment is that within three years, Venezuela could be producing enough to supply Trinidad’s Atlantic LNG Train…

BP plc’s Orlando Alvarez, head of gas and power trading in the Americas, sees natural gas and other energy markets heading further into “unprecedented times” of market volatility and regulatory uncertainty, but those changes don’t all have to be challenges for the industry. During a keynote address at LDC Gas Forums’ Gulf Coast Energy Forum…

Since Russia’s unprovoked invasion of Ukraine, countries around the world are shifting their energy priorities, according to a group of experts who spoke in New York City on Wednesday. The last 10 months have brought the issues of energy security, climate change and affordability “into contention,” according to Fahad Alajlan, president of Saudi Arabia’s King…

Natural gas futures continued to trade mostly sideways midweek, with no huge deviations in the supply/demand balance to decisively move prices one way or the other. Instead, expectations for another massive storage injection sent the November Nymex contract down 16.1 cents day/day to $6.435/MMBtu. December futures slipped 16.2 cents to $6.766. At A Glance: Another…

Since Russia’s unprovoked invasion of Ukraine, countries around the world are shifting their priorities toward energy affordability, according to a group of experts who spoke in New York City on Wednesday. The last 10 months have brought the issues of energy security, climate change and affordability “into contention,” according to Fahad Alajlan, president of Saudi…

EQT Corp. said in a regulatory filing late Tuesday it expects to report steep losses on derivatives for the third quarter as U.S. natural gas prices have hit their highest levels in more than a decade.  In a Form 8-K filed with the U.S. Securities and Exchange Commission, EQT forecast a $1.6 billion loss on…