Ukraine-Russia Crisis

EU Tweaks LNG Price Assessments Ahead of Benchmark Launch

EU Tweaks LNG Price Assessments Ahead of Benchmark Launch

European Union (EU) regulators this week updated their methodology for assessing spot LNG transactions on the continent just weeks before the bloc rolls out a benchmark aimed at improving price transparency. The EU Agency for the Cooperation of Energy Regulators (ACER) said there were periodically insufficient eligible spot transactions to calculate price assessments for both…

March 8, 2023
TotalEnergies CEO Touts Critical Role of Natural Gas as Global Energy Demand Grows

TotalEnergies CEO Touts Critical Role of Natural Gas as Global Energy Demand Grows

The chief executive of TotalEnergies SE said natural gas is vital to ensure energy reliability now and for years to come as the world population swells and economies advance, driving demand that exceeds the realistic potential of renewable fuels in the foreseeable future. “We need to continue to produce it…Gas is good,” TotalEnergies CEO Patrick…

March 8, 2023
Eni Builds Production, LNG Portfolio to Leverage ‘North-South Axis’ for European Supply

Eni Builds Production, LNG Portfolio to Leverage ‘North-South Axis’ for European Supply

As Eni SpA shifts its focus from enduring the loss of Russian natural gas to solidifying long-term energy supply for Europe, management sees a corridor through Africa and the Mediterranean – and its pipeline of exploration projects – unlocking energy security for the continent. CEO Claudio Descalzi told analysts during a call last week that…

March 3, 2023
Europe Appears On Schedule to Pool Natural Gas Demand This Summer

Europe Appears On Schedule to Pool Natural Gas Demand This Summer

The European Union (EU) is on track to start joint natural gas purchases before the summer, with most member states and some nonmember states indicating the assistance they will need to refill storage inventories ahead of next winter, said European Commission (EC) Vice President Maroš Šefčovič. Šefčovič in a press briefing on Thursday said after…

March 2, 2023
Global Gas Trade Needs a Better LNG Index, but Finding the Keys to Unlock It Will Take More Time – Column

Global Gas Trade Needs a Better LNG Index, but Finding the Keys to Unlock It Will Take More Time – Column

How close is the world to adopting a global spot LNG index? That’s a question this series has aimed to answer by exploring the prospects of establishing one based on crude oil, Title Transfer Facility (TTF) and Henry Hub prices.

February 22, 2023
Mexico’s LNG Export Plans Emboldened by Global Supply Squeeze

Mexico’s LNG Export Plans Emboldened by Global Supply Squeeze

A year since Russia’s invasion of Ukraine altered the energy landscape across the globe, Mexico’s natural gas model has been transformed. As the world’s biggest consumer of U.S. produced natural gas, Mexico has set its sights on using its geographic position to its advantage. By importing natural gas from the U.S. at the cheapest prices…

February 22, 2023
Uniper Endures Steep 2022 Losses to Replace Russian Natural Gas, Forecasts Impacts to Continue

Uniper Endures Steep 2022 Losses to Replace Russian Natural Gas, Forecasts Impacts to Continue

Uniper SE said it expects the financial blows it took last year to replace Russian natural gas with costlier spot supplies to impact operations until the end of 2024, at which point it’s unlikely to require equity injections and credit from the German government.  Germany’s largest gas buyer was bailed out by the government last…

February 22, 2023
Russia’s War Upends Global Natural Gas Order, Affirms Abiding Demand for U.S. Supplies

Russia’s War Upends Global Natural Gas Order, Affirms Abiding Demand for U.S. Supplies

Russia’s yearlong – and ongoing – invasion of Ukraine sparked a reordering of global natural gas supply and demand, igniting record calls for U.S. exports of LNG and amplifying the enduring prominence of fossil fuels in the world’s energy mix. Domestic gas production climbed to record highs in response. The war, whose one-year anniversary is…

February 21, 2023
Russia Vows Oil Production Cuts, Compounding Natural Gas Retaliation Against Europe

Russia Vows Oil Production Cuts, Compounding Natural Gas Retaliation Against Europe

Russia said it would cut its roughly 10 million b/d oil production by 5% in retribution of Western sanctions amid the Kremlin’s nearly year-long war in Ukraine. The decision follows steps by Russia in 2022 to slash the bulk of natural gas exported via pipeline to the European Union (EU) – moves that hastened calls…

February 10, 2023
TTF, European LNG Price Gulf Narrows, but Risks Abound in Tight Global Market

TTF, European LNG Price Gulf Narrows, but Risks Abound in Tight Global Market

The wide spread between European pipeline gas futures and LNG delivered to the continent has narrowed to an average range as global gas prices continue to slide, but analysts warn the risk of volatility still looms large. European regulators and natural gas buyers have been cautiously eyeing the differential between Northwest European liquefied natural gas…

February 10, 2023
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