Ukraine-Russia Crisis

Europe Faces 1 Tcf Natural Gas Shortfall Next Winter, IEA Warns

Europe Faces 1 Tcf Natural Gas Shortfall Next Winter, IEA Warns

Europe could face a 30 billion cubic meter (Bcm) natural gas shortfall for the 2023-2024 winter if the European Union (EU) doesn’t start planning ahead now, the International Energy Agency (IEA) said in a report released Thursday. That’s the equivalent of about 1 Tcf of natural gas. And even though European gas storage facilities are…

November 4, 2022
Cheniere Energy Again Hit by Volatile LNG Prices Despite Record Output

Cheniere Energy Again Hit by Volatile LNG Prices Despite Record Output

Cheniere Energy Inc. continues to deliver increasing volumes of LNG and said Thursday its production hit a record last week, but the company reported a steep third quarter loss related to the purchase of feed gas at prices linked to international benchmarks. CEO Jack Fusco said liquefied natural gas output at the company’s terminals in…

November 3, 2022

Nord Stream Operator Says Devices Made Massive Craters Along Natural Gas System – The Offtake

Nord Stream AG disclosed Wednesday it has discovered craters 10-16 feet deep along Line 1 of its natural gas pipeline system previously used to transport Russian supplies to Europe

November 2, 2022
LNG Vessels Floating Offshore Europe Multiplying as Customers Stash Natural Gas Before Winter

LNG Vessels Floating Offshore Europe Multiplying as Customers Stash Natural Gas Before Winter

An unprecedented number of LNG vessels are floating offshore Europe as regasification terminal congestion and whipsawing prices further complicate the supply situation. At least 22 ships loaded with liquefied natural gas had been moored on Wednesday for more than five days around European regasification hubs, according to data from Kpler. The majority of the ships…

October 20, 2022
IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes

IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes

Moderating prices and favorable storage data do not tell the whole story of Europe’s natural gas status heading into winter, International Energy Agency (EIA) Executive Director Fatih Birol said, citing Russia and fallout from its protracted war in Ukraine. Following recent meetings with European leaders – including Czech Prime Minister Petr Fiala, Finnish Prime Minister…

October 20, 2022
In A First, France Exports Natural Gas to Germany in Energy Solidarity Pact

In A First, France Exports Natural Gas to Germany in Energy Solidarity Pact

France started exporting natural gas to Germany for the first time this week as the two European nations try to work more closely to replace energy supplies cut by Russia.  French transmission system operator GRTgaz said Thursday initial daily deliveries of 31 GWh, or roughly 105.7 MMcf/d, are being delivered to Germany via an interconnection…

October 13, 2022
Shock OPEC-Plus Production Cut Galvanizes Fresh Support for Bill Targeting Cartel Price Fixing

Shock OPEC-Plus Production Cut Galvanizes Fresh Support for Bill Targeting Cartel Price Fixing

The consortium of oil-producing countries known as OPEC-Plus spurred rare bipartisanship in the U.S. capital after the cartel said it would slash crude production. The group said last week its decision to cut output by 2 million b/d in November was in response to global recessionary headwinds and threats to demand. But Washington lawmakers on…

October 10, 2022
Injecting Liquidity into Energy Markets ‘Biggest Challenge’ Facing European Governments

Injecting Liquidity into Energy Markets ‘Biggest Challenge’ Facing European Governments

European energy markets are in need of more liquidity to deal with the increasing risk of trading volatile commodities and continue operating properly, according to a panel of experts that discussed the continent’s energy crisis last week. More coordinated action among regulators in disparate European Union member states is necessary, said Cornelia Kawann, head of…

October 6, 2022
Asian LNG Price Dips on Japan’s High Stocks, TTF Rises

Asian LNG Price Dips on Japan’s High Stocks, TTF Rises

The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.

September 30, 2022
European Natural Gas Prices Fall as Nord Stream Probe, Onset of Winter Fuel ‘High Uncertainty’

European Natural Gas Prices Fall as Nord Stream Probe, Onset of Winter Fuel ‘High Uncertainty’

European natural gas prices fell sharply Thursday after a brief gain, despite more damage discovered on the Nord Stream (NS) natural gas pipelines and calls for more energy conservation in Germany. Details of a fourth leak were released by the Swedish Coast Guard and other agencies investigating a possible explosion on Tuesday that damaged the…

September 29, 2022