LNG

The natural gas market was awaiting word from President Biden on Thursday on plans to direct additional liquefied natural gas (LNG) supplies to European Union (EU) countries to curb their dependence on Russian gas imports. President Biden reportedly was due to make an announcement Friday during his trip to Europe. The president was in Europe…

Shell plc has committed to taking a large portion of import capacity for the future liquefied natural gas (LNG) terminal planned by German LNG Terminal GmbH, a facility buoyed by support from the government. In a memorandum of understanding (MOU), which does not set out final terms, the amount of LNG to be contracted by…

Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of…

The global natural gas market was once again flung into chaos Wednesday after Russian President Vladimir Putin reportedly said he would only accept payments in rubles for supplies of the fuel from “unfriendly countries” such as those in the European Union (EU).  The European benchmark Title Transfer Facility surged after Putin’s remarks at a government…

The U.S. government reiterated warnings this week that Russia could be preparing cyberattacks in response to economic sanctions for its war in Ukraine, raising yet another alarm for the American oil and natural gas industry and other critical infrastructure operators. The announcement perpetuates what’s been an ongoing threat for the oil and gas sector since…

Natural gas prices advanced for a second day, as traders on Tuesday absorbed a favorable shift in weather forecasts and record demand for U.S. liquefied natural gas (LNG) exports. The April Nymex gas futures contract gained 28.7 cents day/day and settled at $5.187/MMBtu. May rose 29.3 cents to $5.227. NGI’s Spot Gas National Avg. gained…

Mexico’s energy system relies heavily on U.S. natural gas and this could lead to price increases and supply shortfalls if the United States focuses more on the liquefied natural gas (LNG) export market, according to analysts at Fitch Ratings Inc. If the U.S. increases gas exports to Europe as a result of Russia’s invasion of…

A liquefied natural gas (LNG) facility planned in northeasteastern Pennsylvania, designed to tap into the Marcellus Shale, has for now been put on hold after the developer reached a settlement with environmental groups. The settlement announced Monday by Pennsylvania-based environmental group PennFuture and other national organizations outlines plans for the facility’s developer to allow its…

TotalEnergies SE plans to halt all purchases of Russian oil and petroleum products by the end of this year at the latest, but it would continue supplying Europe with Russian natural gas through its minority stakes in five Russian companies. “TotalEnergies is a European energy company that must contribute to the supply security of the…