Ukraine-Russia Crisis

A roundup of news and commentary from NGI’s LNG Insight  Russian natural gas moving through Ukraine toward Europe was stable Friday. Flows were largely unchanged from Thursday, when Ukraine’s natural gas transmission system operator warned that European supplies were threatened by Russian military forces that had entered two of its compressor stations. Japan-Korea Marker prices…

Europe’s plan to cut its dependence on Russian natural gas and find new sources to displace its largest supplier is seen facing significant obstacles.  The European Commission (EC) announced a plan this week to reduce demand for Russian natural gas by two-thirds by the end of this year and gain independence by 2030. The proposal…

The United States must boost production and exports of oil and natural gas in order to reduce Russia’s leverage in the global energy markets while continuing to pursue decarbonization, Sen. Joe Manchin (D-WV) said Thursday. Manchin, who chairs the Senate Committee on Energy and Natural Resources, oversaw a committee hearing on “the use of energy…

Mexican President Andrés Manuel López Obrador on Tuesday pledged energy prices would not rise as a result of the Russia-Ukraine crisis, and this week U.S. natural market futures provided an assist. On Wednesday, the April New York Mercantile Exchange gas futures contract lost ground for a third straight day and shed a tenth of a…

Ukraine’s natural gas transmission system operator (GTSOU) said Thursday Russian forces had entered its facilities, warning that natural gas transport to Europe could be threatened.  GTSOU said the Russian military had advanced to compressor stations in the Luhansk and Kharkiv regions. “The company emphasizes that interference in the technological processes of the GTS creates significant…

Energy Secretary Jennifer Granholm on Wednesday extended a “hand of partnership” to the natural gas and oil industry and urged producers to do what they could to boost supply. “We are on war footing – an emergency – and we have to responsibly increase short-term supply where we can right now to stabilize the market…

In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…

Gasoline, diesel and electricity prices in Mexico will not increase beyond inflation despite the turmoil in global energy markets caused by Russia’s invasion of Ukraine, according to Mexican President Andrés Manuel López Obrador.  In his morning press briefings on Tuesday and Wednesday, López Obrador said the government will continue to subsidize gasoline prices, even as…

The natural gas industry needs clarity on the regulatory front in order to fully capitalize on the opportunities it has to ensure energy security and lower carbon emissions in North America and around the world, a panel of executives said Wednesday in Houston. “We have an abundance of resources in North America,” said Enbridge Inc.…