United States

U.S. Treasury Secretary Janet Yellen said the United States and Europe needed to “go further” in confronting Russia’s war against Ukraine, while expanding the “potent transatlantic cooperation to address many of the other shared challenges we face.” Speaking at the Brussels Economic Forum on Tuesday, Yellen said “we must address the present energy security emergency…

U.S. oil and natural gas leaders this week pledged to support Ukraine in light of Russia’s unprovoked invasion, which roiled financial markets around the world. Russia’s attack against Ukraine, forewarned by Russian President Vladimir Putin for months, came on the heels of major sanctions by the United States and its allies. It also followed Germany’s…

A major turnaround in weather-driven demand expectations flipped the script in the natural gas forwards market during the Feb. 9-16 trading period, sending prices sharply higher as traders braced for another round of frigid temperatures on track to arrive later this month. March fixed prices at benchmark Henry Hub surged 70.8 cents week/week to average…

Natural gas utilities should play a vital role in driving the U.S. economy toward the country’s collective goal of net-zero greenhouse gas (GHG) emissions. However, each utility will have to invest in evolving technology and infrastructure, the American Gas Association (AGA) said  Tuesday. The AGA’s leaders said in a new report the United States can…

President Biden and European Commission President Ursula von der Leyen pledged Friday to work closely to ensure adequate energy supplies for Europe, including liquefied natural gas (LNG), as geopolitical tensions between Russia and Ukraine show no signs of easing.  “The United States and the European Union (EU) are working jointly towards continued, sufficient and timely…

The White House is working with European allies to ensure adequate natural gas supply in the event Russia cuts off access, press secretary Jen Psaki said this week. During a gaggle with the press, Psaki confirmed that the Biden administration has been working on contingency plans if Russia were to invade Ukraine. Russia is a…

It promises to be another volatile year for the liquefied natural gas (LNG) trade as the market continues to rebalance with European storage inventories woefully short and much riding on the rest of this winter.

Plunging temperatures, soaring demand and falling production resulted in stout price gains across U.S. natural gas forward curves for the Dec. 31-Jan 5 period, NGI’s Forward Look data showed. Dollar-plus price increases spread across Appalachia and the Northeast as output struggled to recover amid ongoing cold in the region. The reduction in supply – a…

The United States has the potential to be the world’s largest liquified natural gas (LNG) exporter in 2022, according to new analysis, boosted by swelling supplies and growing LNG terminal capacity. In a new report by researchers at IHS Markit, the United States could jump from the third largest exporter in 2021 to the top…