Ukraine-Russia Crisis

Jera Co. Inc., the world’s largest importer of LNG, has renewed its offtake contract for Russia’s recently nationalized Sakhalin-2 natural gas project ahead of a Kremlin-imposed deadline. The Japanese joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co. In. confirmed to multiple media outlets Friday it has signed a deal to continue…

Natural gas futures were unusually quiet on Thursday, bobbing in and out of positive territory as the latest government inventory data offered no surprises and moved the needle only slightly on storage deficits. The September Nymex gas futures settled at $9.375/MMBtu, up 4.5 cents from Wednesday’s close. October futures ticked up 4.4 cents to $9.344.…

As the world scrambles for more LNG, Chart Industries Inc. CEO Jillian Evanko sees the way that projects are built is changing rapidly in a way that’s allowing developers to deliver the super-chilled fuel faster. Timelines on projects that once took years to build are shrinking as more equipment for smaller, modular projects is being…

President Vladimir Putin’s latest decree to stop sales of Russian energy assets, leaves the status and progress of Russia’s liquefied natural gas (LNG) projects in disarray.  The decree takes full control of the 9.6 mmt/y Sakhalin-2 project in Russia’s far east. Shell plc has already said it plans to divest its 27.5% stake in the…

India, Pakistan and Bangladesh are looking to buy LNG in an extremely tight market as top Asian buyers Japan and South Korea have come out to cover their winter requirements. “While global markets have been focused on Europe and the supply dynamics there, the unintended consequences of energy sanctions on Ukraine are weighing heavily on…

Natural gas price volatility hit an all-time record earlier this year and remains elevated on weather-driven demand and soaring LNG exports, among other factors, according to the Energy Information Administration (EIA).  EIA said volatility, a measure of how much daily prices change, reached its highest level in 20 years in February. The 30-day historical volatility…

Russia’s natural gas exports to the European Union (EU) and UK plummeted during the first seven months of the year, hitting their lowest point in decades on one route last month, the Energy Information Administration (EIA) said this week, citing data from Refinitiv Eikon. The decline between January and July comes as no surprise as…

Italy’s Eni SpA expects to beat previous guidance on new exploration volumes and continue its pace of securing new natural gas sources for European markets as it seeks to reverse the hit its LNG and European gas marketing businesses took in the second quarter. The Rome-based supermajor, majority-owned by the Italian government, has been focusing…

European natural gas prices surged again on Monday as Russia ratcheted up tensions by cutting off supply to another customer and the Kremlin sowed further doubts about equipment needed to boost flows on Nord Stream 1 (NS1).  Gazprom PJSC said Saturday that it has stopped delivering natural gas to Latvia “due to violation of the…