International

The Biden Administration remains committed to supporting robust levels of LNG exports in support of Europe’s efforts to bolster supplies for winter, according to a report Tuesday.  The continent is moving with haste to reduce its dependence on Russia amid the Kremlin’s war in Ukraine and is consistently calling for U.S. shipments of the super-chilled…

Not even the Covid-19 pandemic halted growth of Montney Shale production in northeastern British Columbia (GC), according to the latest annual industry performance review by the BC Oil and Gas Commission (BCOGC). Natural gas flows increased by 11% to 6.2 Bcf/d as of year-end 2021 from 5.6 Bcf/d at the same time in 2019 before…

European natural gas prices have continued to decline since the Nord Stream (NS) pipeline systems connected to previously vital Russian gas were damaged, but the International Energy Agency (IEA) warned LNG markets could be drastically impacted into next year. In the IEA’s latest natural gas market report, researchers said the blows to Russian gas imports…

To help cope with the European energy crisis,  all twenty seven European Union (EU) members approved several measures at a Brussels meeting on Friday, including levies on windfall profits made by fossil fuel companies.  But, after weeks of debate from members and market speculation, a bloc-wide cap on natural gas import prices has been tabled…

German utility RWE AG has secured another LNG supply source in an agreement with Abu Dhabi National Oil Company (ADNOC) that could bring additional cargoes to Germany’s developing import terminals as soon as December. RWE and the United Arab Emirates’ (UAE) state-owned ADNOC agreed to a multi-year supply contract for liquefied natural gas starting in…

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.

Mexico President Andrés Manuel López Obrador said during his daily press conference on Tuesday that an LNG terminal could potentially be built in the port of Coatzacoalcos in southern Veracruz to export natural gas to Europe. It’s not the first time López Obrador has talked about shipping gas to Europe as the continent reels from…

It’s probable that a trade dispute between Mexico and its northern neighbors Canada and the United States will be resolved through discussion, Carlos Flores, Director of Business Development at Nordex Group for Mexico, Colombia, Peru, Central America & Caribbean, told NGI’s Mexico GPI.  “Nonetheless, there is no question that, if the consultations are taken to…

Natural gas futures seesawed as a powerful hurricane hammered Florida Wednesday, curbing demand but raising the specter of production interruptions. Market participants also weighed expectations for another stout storage print amid thin trading heading into contract expiration. At A Glance: Analysts look for 90s Bcf storage build Hurricane Ian poses damage wildcard Russian threats ignite…