LNG

President Biden has banned imports of Russian oil and natural gas in a move that at once compounded already severe sanctions against the Kremlin and amplified the specter of record high energy prices amid a raging war in Ukraine. “Russian oil will no longer be acceptable at U.S. ports,” the president said in televised remarks…

Click here to listen to the latest episode of NGI’s Hub & Flow for a deeper understanding of how the Russia-Ukraine crisis could impact Mexico’s natural gas market. In the podcast, NGI Senior Editor Christopher Lenton sits down with Gadex Consultant Eduardo Prud’homme to look at how Russia’s invasion of Ukraine is impacting global natural…

Shell plc is withdrawing its involvement in “all Russian hydrocarbons,” it said Tuesday, including oil, petroleum products, natural gas and liquefied natural gas (LNG). “As an immediate first step, the company will stop all spot purchases of Russian crude oil” and “shut its service stations, aviation fuels and lubricants operations in Russia.”  The phased approach…

Chaos reigned in the global commodity markets Monday as Russia’s attack on Ukraine intensified, sending European natural gas futures to record highs and Brent crude to levels not seen in 14 years.  Russian President Vladimir Putin said Saturday that the West’s sanctions – which for now have exempted energy exports – were “akin to a…

Cheniere Energy, Inc. CEO Jack Fusco said Monday demand growth for liquefied natural gas (LNG) has only increased since the start of recovery from the Covid-19 pandemic and that growth is expected to be sustained. During an energy transition panel on the opening day of CERAWeek by S&P Global in Houston, Fusco said predictions that…

Click here to listen to the latest episode of NGI’s Hub & Flow for a deeper understanding of how the Russia-Ukraine crisis could impact Mexico’s natural gas market. In the podcast, NGI Senior Editor Christopher Lenton sits down with Gadex Consultant Eduardo Prud’homme to look at how Russia’s invasion of Ukraine is impacting global natural…

With traders left to weigh a weakening weather outlook against broader energy market uncertainty over the Ukraine conflict, natural gas futures traded both sides of even early Monday. The April Nymex contract was off 6.0 cents to $4.956/MMBtu at around 8:50 a.m. ET but had probed as high as $5.184 in after hours trading. West…

European energy prices have hit records since Russia invaded Ukraine, but as warmer weather nears, concerns are shifting to how the continent can cope with natural gas shortages next winter if the conflict drags on and what it means for longer-term demand in the region. “The coming of spring certainly makes it easier to live…

Despite a midweek burst fueled in part by war uncertainty, weekly natural gas cash prices gave up ground amid mild late-week temperatures and expectations for near-term light demand. NGI’s Weekly Spot Gas National Avg. for the Feb. 28-March 4 period dipped 83.0 cents to $4.840. The April Nymex contract, meanwhile, rallied during the week and…