Tamar

European natural gas prices inched higher Monday as the threat of a broader conflict in the Middle East offset a warmer forecast and ample supplies on the continent.  The December Title Transfer Facility (TTF) contract added about a nickel and again finished above $17/MMBtu. TTF is about 30% higher than it was before Israel declared…

Australian labor unions have called off strike action at the Gorgon and Wheatstone LNG terminals after members gave initial approval for an agreement with Chevron Corp. Union members at Chevron operated liquefied natural gas terminals and offshore platforms had previously planned to start work stoppages as soon as Thursday after accusing Chevron of reneging on…

War in Israel, along with the prospect of continued labor strikes at LNG terminals in Australia and a leaking pipeline that connects Finland and Estonia, all combined Monday to send European gas benchmarks soaring. The prompt Dutch Title Transfer Facility finished 15% higher Monday to close near $14/MMBtu. Asian prices are also poised to climb…

Israel, which declared war against Islamist militant group Hamas following an unprecedented attack by the group in Israeli territory, has instructed Chevron Corp. to shut in the Tamar natural gas platform offshore the northern coast.  Alternative fuels are to be used as necessary to ensure the economy can operate, Israeli officials said. Israel had formally…

Noble Energy Inc. has agreements in hand to supply to Egypt over a decade natural gas from the Leviathan and Tamar fields offshore Israel.