LNG

European natural gas prices on Wednesday reached their highest level since Russia attacked Ukraine last week, as fighting intensified and fears over supply disruptions continued to grow. The Title Transfer Facility was up across the curve, while the prompt month soared by a record 60% from Tuesday’s close to hit an intraday high of nearly…

In his first State of the Union address, President Biden called on the country to embrace alternative energy, while promising to release emergency oil reserves to ease the price at the pump following Russia’s invasion of Ukraine. The president in an emotional address called on Americans to rally behind U.S.-led efforts as part of the…

Against a backdrop of soaring crude oil prices fueled by supply fears surrounding the Russia-Ukraine conflict, natural gas futures continued to advance in early trading Wednesday. The April Nymex contract was up 17.3 cents to $4.746/MMBtu at around 8:50 a.m. ET. West Texas Intermediate futures were racing well above the $100/bbl mark early Wednesday, up…

Natural gas prices bounced back Tuesday amid potential for even stronger demand for U.S. exports of liquefied natural gas (LNG) against the backdrop of Russia’s invasion of Ukraine and the specter of European supply disruptions as the war raged into a seventh day. The April Nymex gas futures contract settled at $4.573, up 17.1 cents…

The energy industry on Tuesday continued its condemnation of Russia’s unprovoked invasion of Ukraine, with TotalEnergies SE joining BP plc, Equinor ASA and Shell plc in withdrawing capital for new projects. Shunning Russia has been nearly universal, with the western energy majors, some with large interests in the country, pulling back resources. ExxonMobil was one…

The first cargo of liquefied natural gas (LNG) has departed the Calcasieu Pass export terminal in Louisiana, providing additional American supplies to a tight market uneasy about war in Ukraine.  Venture Global LNG Inc., which owns Calcasieu Pass, said a subsidiary of Jera Co. Inc. chartered the Greece-flagged vessel Yiannis to load the first cargo.…

Germany has revived its liquefied natural gas (LNG) import plans to reduce dependency on Russian natural gas, following Russia’s invasion of Ukraine.  Germany’s energy strategy to phase out coal-fired power plants by 2030, and to shutter its nuclear power plants by the end of this year, has left the country with few alternatives to meet…

Sempra is seeing “a dramatic increase in the market interest” for its liquefied natural gas (LNG) export projects under development on Mexico’s Pacific Coast and the U.S. Gulf Coast, according to Sempra Infrastructure CEO Justin Bird. Formed in 2021, Sempra Infrastructure is tasked with developing, building and operating Sempra’s natural gas liquefaction, pipeline and storage…

Citing Russia’s invasion of Ukraine, British energy giant BP plc said Sunday it would unload its stake in Russian government-controlled oil company Rosneft.  Other majors followed suit Monday, including Shell plc, which said it would exit its joint ventures (JV) with Russia’s Gazprom, the state-controlled energy giant behind the Nord Stream 2 natural gas (NS2)…