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…
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API Exec Offers Insights on Global Natural Gas Demand – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. In this episode, NGI Associate Editor Matthew Veazey discusses growing global demand for U.S. natural gas and other topics with the American Petroleum Institute’s Dustin Meyer, vice president of natural gas markets. Believing that transparent markets empower businesses, economies, and communities,…
North American Natural Gas Marketers Hold Steady Through 2021, NGI Survey Shows
In a year defined by rebounding energy demand and a strong but vulnerable economic recovery amid coronavirus vaccine campaigns, leading natural gas marketers posted nearly flat sales volumes in 2021, according to NGI’s Top North American Natural Gas Marketers ranking. The 22 natural gas marketers included in the latest survey* reported combined sales transactions of…
European Natural Gas Prices Fall Amid Boost in Supplies – LNG Recap
European natural gas prices on Monday finished at the lowest point since Russia invaded Ukraine on Feb. 24, as the arrival of spring and an influx of liquefied natural gas (LNG) appeared to tip the balance of a market on edge over the war. Mild weather is expected across Central and Northern Europe over the…
Uniper Increases Natural Gas Capacity at Dutch Gate Terminal
German utility Uniper SE is accelerating plans to procure more liquefied natural gas (LNG) from the Gate import terminal in the Netherlands. Starting in October, Uniper said it would increase its capacity rights by 1 billion cubic meters (Bcm) per year for the next three years at the terminal, a key entry point for LNG…
‘Warm Lean’ to Weather Pattern as Natural Gas Futures Slide in Early Trading
A continued lackluster weather-driven demand outlook saw natural gas futures ease lower in early trading Monday, though strong export volumes were seen lending support to prices. The April Nymex contract was off 7.5 cents to $4.788/MMBtu at around 8:45 a.m. ET. The updated forecast heading into Monday’s session showed below-normal gas-weighted degree days for the…
Chillier Look for Late-Winter Forecast Lifts Natural Gas Forwards
Modest strengthening in the late-winter, weather-driven demand outlook and lagging production helped drive widespread gains for natural gas forwards during the March 10-16 trading period, NGI’s Forward Look data show. Week/week gains of around 10-25 cents characterized price action at most Lower 48 hubs, paced by a 22.2-cent gain for fixed price April trading at…
Europe In Better Position to Live Without Russian Natural Gas Supplies, Says Wood Mackenzie
New forecasts detail a rosier path for Europe to cope with the risks of Russian gas imports suddenly evaporating, but it will still have plenty of challenges ahead to restore storage levels before next winter. A report released Friday by consultancy Wood Mackenzie Ltd. suggests a combination of a mild winter, a bevy of liquefied…
TTF Drops but EAX-TTF Spread Moves Closer Amid Pockets of Asian LNG Demand
LONDON (ICIS) – ICIS TTF April ‘22 prices fell from $67.21/MMBtu on 8 March to $36.20/MMBtu between 8-16 March, and the May ‘22 contract hit $33.07/MMBtu, with East Asia LNG prices slipping below their European counterpart on 10 March.
E.ON Sees Risk for Nord Stream 1 Stakes, but No Plans to Divest
German power supplier E.ON SE has indicated its minority stake in one of Europe’s vital routes for Russian natural gas is at risk, but for now, it has no plans to divest. The utility holds a 15.5% stake in Nord Stream AG, a subsidiary of Russian state-owned Gazprom PJSC, which operates Nord Stream 1 (NS1).…