Russia

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
European Natural Gas Turmoil Deepens as Russia Moves Into Ukraine – LNG Recap

European Natural Gas Turmoil Deepens as Russia Moves Into Ukraine – LNG Recap

Russia’s decision to order military forces into eastern Ukraine, as well as the West’s swift condemnation of the move, on Tuesday weighed on financial markets, added to inflationary pressures and pushed oil and natural gas prices higher, deepening an energy crisis that has gripped Europe since last year. Natural gas prices in Asia, Europe and…

February 22, 2022
Amid Tensions with Russia, Natural Gas Futures Rise in Early Trading; Forecasts Warm

Amid Tensions with Russia, Natural Gas Futures Rise in Early Trading; Forecasts Warm

With geopolitical tensions surrounding Russia and Ukraine roiling markets, natural gas futures were higher in early trading Tuesday. At around 8:50 a.m. ET, the March Nymex contract was up 12.8 cents to $4.559/MMBtu. April was up 13.8 cents to $4.515. Natural gas prices showed some volatility in after hours trading over the holiday weekend, going…

February 22, 2022
Novatek Saw Record Natural Gas Sales in 2021 as Demand, Prices Soared

Novatek Saw Record Natural Gas Sales in 2021 as Demand, Prices Soared

PAO Novatek, Russia’s largest independent natural gas producer, reported record natural gas sales last year as prices soared and demand jumped as the world recovered from the Covid-19 pandemic. The company said natural gas sales volumes, including liquefied natural gas (LNG), increased by 0.3% year/year in 2021 to 75.8 billion cubic meters (Bcm). Volumes sold…

February 17, 2022
Industrial, LNG Demand to Drive Natural Gas Consumption Through 2022

Industrial, LNG Demand to Drive Natural Gas Consumption Through 2022

Rebounding industrial activity – and energy needed to fuel it – along with continued strong demand for U.S. exports could drive natural gas consumption through 2022, according to analysts who presented during a webinar (replay available) hosted Tuesday by Natural Gas Intelligence (NGI) and Independent Commodity Intelligence Services (ICIS). An accelerating U.S. economy and manufacturing…

February 15, 2022

European Natural Gas Prices Fall Sharply as Russia Eases Standoff with Ukraine – The Offtake

A roundup of news and commentary from NGI’s LNG Insight  European natural gas prices on Tuesday tumbled to their lowest point this year after Russia said it was pulling back some troops amassed near the Ukraine border. The March Dutch Title Transfer Facility (TTF) contract shed more than $3/MMBtu and finished the day under $24.…

February 15, 2022
Threat of Russian Attack on Ukraine Looms Over Energy Markets – LNG Recap

Threat of Russian Attack on Ukraine Looms Over Energy Markets – LNG Recap

The growing threat of a Russian invasion of Ukraine had the energy market on edge Monday, when oil and natural gas prices again moved higher. The standoff has also upended metals markets, weighed on equities and is creating additional inflationary pressures. The U.S. warned Friday that an attack could be imminent, sending commodity prices up.…

February 14, 2022
LNG 101: How Natural Gas Would Be Impacted If Russia Invades Ukraine

LNG 101: How Natural Gas Would Be Impacted If Russia Invades Ukraine

The geopolitical standoff between Russia and Ukraine has deepened turmoil in Europe’s natural gas market and laid bare its dependence on energy imports, but it remains highly unlikely that Russia would halt all natural gas flows or even significantly curb deliveries to the continent. Russia’s Gazprom PJSC “does not need to stop gas to wreak…

February 9, 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
Russia’s Plans to Send More Natural Gas to China by Pipeline Could Cut LNG Demand

Russia’s Plans to Send More Natural Gas to China by Pipeline Could Cut LNG Demand

Russian state-owned Gazprom PJSC’s latest 30-year supply deal with China National Petroleum Corp. (CNPC) for 10 billion cubic meters (Bcm) per year via a new pipeline, the Far Eastern route, could eventually increase Russia’s capacity to China by 48 Bcm/year and impact China’s future demand for liquefied natural gas (LNG). The deal comes at a…

February 7, 2022