International

The ICIS TTF price scaled new heights last week before plummeting this week, setting the tone for erratic Asian spot price movements.

Russia on Wednesday shut down the massive Nord Stream 1 (NS1) pipeline serving Europe for another three days of maintenance, once again raising fears that flows won’t resume when work ends. Nominations on NS1 fell to zero early Wednesday, according to the operator. Deliveries on the 6 Bcf/d, 745-mile system that stretches from Russia to…

U.S. crude production ticked up last week, approaching a 2022 high, keeping pace with an increase in demand for travel fuels, the U.S. Energy Information Administration (EIA) said Wednesday. Production for the week ended Aug. 26 rose by 100,000 b/d to 12.1 million b/d from the prior week, EIA said in its Weekly Petroleum Status…

An East Coast LNG export terminal that would tap into vast amounts of feed gas from the Appalachian Basin is aiming to pre-file with federal regulators by the end of the year and reach a final investment decision by 2024. The 7.2 million metric tons/year (mmty) facility would be located at a yet-to-be-determined site along…

U.S., European and Asian natural gas prices soared this summer amid enduring global demand and worries about strained supplies. Western Canadian prices, in contrast, collapsed. What gives? Just as Canadian producers bolstered output to pandemic-era highs to help meet global demand this summer, a series of pipeline restrictions cut into takeaway capacity. Unplanned outages and…

Gazprom PJSC has reduced gas deliveries to France due to a disagreement over contracts, Engie SA said Tuesday.

U.S. natural gas exports to Mexico via West Texas are once again heading upward this year, according to analysis by the U.S. Energy Information Administration (EIA). Exports from West Texas “have grown steadily in recent years, doubling from 0.6 Bcf/d in 2019 to 1.2 Bcf/d in 2021 as more connecting pipelines in Central and Southwest…

Paris-based TotalEnergies SE agreed to sell its 49% interest in a Siberian natural gas field to Russian partner PAO Novatek. The sale followed reports that the gas project produced fuel for Russian military aircraft used to advance the Kremlin’s invasion of Ukraine. The French energy giant said Friday it expects the sale of its stake…

The Canadian government has invoked an international treaty with the United States to avoid a possible distribution of Enbridge Inc.’s Line 5 oil pipeline in the latest chapter of a tribal suit against the company. Federal Foreign Affairs Minister Melanie Joly activated the 1977 Pipeline Transit Treaty to enforce the treaty’s ban against agencies in…