International

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…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico & Latin America editor Christopher Lenton sits down with senior research scholar Luisa Palacios of the Center on Global Energy Policy at Columbia University. They discuss what is driving soaring liquefied natural gas demand (LNG) in Latin…

With demand rising in the United States and forecasts calling for robust increases in crude consumption globally through 2022, more analysts are betting that oil prices this year could exceed $100/bbl. Bank of America (BofA) and Morgan Stanley analysts both said they expect Brent crude, the international benchmark, to reach triple digits in 2022, as…

Commonwealth Liquified Natural Gas (LNG) has signed a heads of agreement (HOA) to negotiate the future purchase of 2.0 million metric tons/year (mmty) of LNG by Woodside Energy Trading Singapore Pte Ltd. from its proposed terminal near Cameron, Louisiana. Australia’s Woodside could secure a contract for 20 years of the project’s lifespan if it follows…

Fuel costs for generating natural gas- and coal-fired electricity surged in 2021 but should taper off in the coming years, the International Energy Agency (IEA) predicted in its latest semi-annual Electricity Market Report. “Sharp spikes in electricity prices in recent times have been causing hardship for many households and businesses around the world and risk…

The government of Morocco has invited bids to consider a floating storage and regasification unit (FSRU) and associated infrastructure at Mohammedia Port near Casablanca, the Agence Nationale des Ports (ANP) said this month.  Last November, Algeria canceled its long-term 1 billion cubic meters (Bcm)/year supply contract to Morocco via the Maghreb-Europe Gas Pipeline because of…

To ensure the United States holds its mantle as a top natural gas and oil producer, the American Petroleum Institute (API) plans to push for continued access to federal leasing and advocate that producers advance their work to reduce carbon emissions.

Russia’s second largest natural gas producer, PAO Novatek, has signed two long-term liquefied natural gas (LNG) supply contracts from its Arctic LNG 2 project with two Chinese distributors.  A subsidiary of China’s largest independent gas distributor, ENN Natural Gas Co. Ltd., agreed to purchase 0.6 million metric tons/year (mmty) for 11 years from Novatek. Volumes…

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…