The first cargo of liquefied natural gas (LNG) has departed the Calcasieu Pass export terminal in Louisiana, providing additional American supplies to a tight market uneasy about war in Ukraine. Venture Global LNG Inc., which owns Calcasieu Pass, said a subsidiary of Jera Co. Inc. chartered the Greece-flagged vessel Yiannis to load the first cargo.…
Ukraine-Russia Crisis
Articles from Ukraine-Russia Crisis
Germany Revives LNG Import Plans to Cut Reliance on Russian Natural Gas in Marked Policy Shift
Germany has revived its liquefied natural gas (LNG) import plans to reduce dependency on Russian natural gas, following Russia’s invasion of Ukraine. Germany’s energy strategy to phase out coal-fired power plants by 2030, and to shutter its nuclear power plants by the end of this year, has left the country with few alternatives to meet…
Natural Gas Futures Slide Further on Easing Demand Despite Rising War Jitters; Cash Plummets
Natural gas futures prices fell on Monday as weather gained the upper hand early in the trading session despite intensifying concerns regarding the Russia-Ukraine conflict. After reaching a $4.683/MMBtu intraday high, the April Nymex futures contract settled 6.8 cents lower at $4.402. May futures slipped 6.5 cents to $4.420. Spot gas prices also continued to…
BP Dumps Stake in Russia’s Rosneft Amid War in Ukraine; Shell Follows Suit, to Ditch NS2 Gas Pipeline
Citing Russia’s invasion of Ukraine, British energy giant BP plc said Sunday it would unload its stake in Russian government-controlled oil company Rosneft. Other majors followed suit Monday, including Shell plc, which said it would exit its joint ventures (JV) with Russia’s Gazprom, the state-controlled energy giant behind the Nord Stream 2 natural gas (NS2)…
Oil, Natural Gas Prices Jump as Fears Over Russian Supply Disruptions Grow – LNG Recap
Oil and natural gas prices climbed higher Monday in another volatile stretch of trading as the market weighed the possibility of significant supply disruptions tied to the latest round of sanctions against Russia amid continued fighting in Ukraine. An initial round of talks to discuss a ceasefire Monday also yielded no results as Russia finds…
COLUMN: The Russia-Ukraine Crisis Underlines How Mexico Needs to Up Energy Security
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. In February 2021,…
Global Oil, Natural Gas Prices Fall as Sanctions on Russia Fail to Bite Energy Exports
Global oil and natural gas prices tumbled Friday as sanctions imposed by the United States and its allies excluded Russian energy exports. After surging by roughly 50% this week, the rally in European natural gas prices stopped Friday. British and Dutch futures were down across the curve as Russian natural gas deliveries to Europe increased.…
March Natural Gas Expires Lower as U.S. Fundamentals Trump Russian-Ukrainian Conflict
Ignited by Russia’s invasion of Ukraine, natural gas futures climbed within striking distance of $5.000/MMBtu early in Thursday’s session. Traders struggled, however, in weighing the global implications of war with more bearish domestic factors, and volatility ensued in the last half hour of trading. The March Nymex contract ultimately expired at $4.568, down 5.5 cents…
Natural Gas Forwards Ease as Winter Fades; U.S. Market Eyes Ukraine Crisis from Afar
With the end of winter in clear view and March forecasts far from threatening, natural gas forward prices retreated throughout the Lower 48 during the Feb. 17-23 trading period, NGI’s Forward Look data show. March fixed price forwards at benchmark Henry Hub shed 9.4 cents during the period to average $4.633/MMBtu. Front month fixed price…
U.S. Natural Gas, Oil Groups Voice Support for Ukraine, Slam Russian Invasion
U.S. oil and natural gas leaders on Thursday pledged to support Ukraine in light of Russia’s unprovoked invasion, which roiled financial markets around the world. Russian troops invaded on multiple fronts, leading to volatile jolts to commodity prices. The attack, forewarned by Russian President Vladimir Putin for months, came on the heels of major sanctions…