Russia-Ukraine conflict

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…

Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…

The ICIS TTF price scaled new heights last week before plummeting this week, setting the tone for erratic Asian spot price movements.

Excelerate Energy Corp. has agreed to supply Germany with a fifth floating storage and regasification unit (FSRU) that could be used to increase LNG imports by next winter. The 5 Bcm/year capacity vessel chartered for five years from Excelerate, headquartered north of Houston in The Woodlands, could become the second FSRU at the liquefied natural…

Natural gas futures were lower early Wednesday, dragged down by softening global gas prices and production near recent highs. Bulls bought the dip and eventually garnered enough momentum to stage a recovery. After touching a $9.284/MMBtu intraday high, the October Nymex gas futures contract ultimately settled 8.5 cents higher day/day at $9.127. November futures climbed…

U.S. crude production ticked up last week, approaching a 2022 high, keeping pace with an increase in demand for travel fuels, the U.S. Energy Information Administration (EIA) said Wednesday. Production for the week ended Aug. 26 rose by 100,000 b/d to 12.1 million b/d from the prior week, EIA said in its Weekly Petroleum Status…

An East Coast LNG export terminal that would tap into vast amounts of feed gas from the Appalachian Basin is aiming to pre-file with federal regulators by the end of the year and reach a final investment decision by 2024. The 7.2 million metric tons/year (mmty) facility would be located at a yet-to-be-determined site along…

Gazprom PJSC has reduced gas deliveries to France due to a disagreement over contracts, Engie SA said Tuesday.

Paris-based TotalEnergies SE agreed to sell its 49% interest in a Siberian natural gas field to Russian partner PAO Novatek. The sale followed reports that the gas project produced fuel for Russian military aircraft used to advance the Kremlin’s invasion of Ukraine. The French energy giant said Friday it expects the sale of its stake…