Natural Gas

Putin Hails $118B of China Deals as Russia Squares Off with West

President Vladimir Putin unveiled new Russian oil and gas deals with China worth an estimated $117.5 billion on Friday, promising to ramp up Russia's Far East exports at a time of heightened tension with European customers over Ukraine.

EU Eyes More Azeri Gas Amid High Bills and Tight Russian Supplies

The European Union is seeking more natural gas from Azerbaijan, an EU official said on Friday, as Europe grapples with high energy bills and tight deliveries from Russia, its main supplier of fuel, which has been at loggerheads with the West over Ukraine.

U.S. Natural Gas Drops 11% on Milder Forecasts Despite Winter Storm

U.S. natural gas futures dropped about 11% on Thursday in what has already been an extremely volatile week on a slightly smaller-than-expected storage draw and forecasts for less cold and lower heating demand over the next two weeks.

Russia, China May Sign Energy Deals Amid Moscow Tensions with West

Russian President Vladimir Putin may seek to deepen energy ties with China during a meeting with leader Xi Jinping this week while attending the Winter Olympics this week in Beijing.

Eastbound Gas Flows Resume on Russian Yamal-Europe Pipeline

Gas flows from Germany to Poland resumed on Wednesday evening via the Russian Yamal-Europe pipeline, which usually sends Russian gas westwards into Europe, data from German network operator Gascade showed.

Qatar Has Not Approached Asian Buyers Over Gas Diversions to Europe

Qatar's energy chief said it has not approached its Asian customers over diverting gas to Europe, adding that one country can't fill the gap if Russia stops piping gas to the region

EU Proposes Rules to Label Some Gas and Nuclear investments as Green

Investments in some gas and nuclear power plants would be labelled as sustainable under rules proposed by European Commission on Wednesday, a plan that has split countries and investors.

Norway Approves Development of Equinor's Kristin South Project

Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system

Yamal Pipeline Gas Halts After Hints of Westbound Flows

Natural gas supplies between Poland and Germany via the Russian Yamal-Europe pipeline came to a halt on Wednesday, dashing expectations it was about to pump gas west for the first time since December.

Natural Gas Futures Jump over 15% on Output Drop, Colder Forecasts

U.S. natural gas futures jumped over 15% on Wednesday as frigid weather cut output to its lowest level since July 2021 and as winter storms threatened while LNG exports were at near-record levels.

Texas Utility Provider Forecasts High Demand for Coming Winter Storm

Texas utility provider ERCOT forecast high energy demand during an approaching a winter storm, warning that frozen precipitation it could cause local electricity outages.

Yamal Gas Pipeline Set to Resume Westbound Flows to Germany

Russian gas giant Gazprom was set to resume westbound gas flows from Poland to Germany on Tuesday via the Yamal pipeline, restoring the normal flows after the route was reversed in December and sent gas prices in Europe to all-time highs.

EU to Propose 'Green' Investment Label for Natural Gas, Nuclear Energy

The European Commission is set to propose rules on Wednesday to allow some gas and nuclear power plants to be labelled as green investments, with minor changes to a previous draft proposal.

US Unveils $1.15 Billion for Abandoned Oil and Gas Well Cleanup

The Biden administration said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions.

EU Says Russia's Nord Stream 2 Pipeline on Hold for Compliance Review

European Commission Vice President Valdis Dombrovskis said Nord Stream 2 gas pipeline has been put on hold and the Commission is looking into the project's compliance with Europe's energy policy.

Eastward Yamal Gas Flows from Germany to Poland Steady

Gas flows from Germany to Poland via the Yamal-Europe pipeline were steady over the weekend and on Monday morning, data showed.

IEA: European Gas Demand Seen Falling This Year Due to Cheaper Coal

European gas demand is expected to decline this year as continued high prices make coal more competitive for power generation, the International Energy Agency said.

Eastward Yamal Gas Flows from Germany to Poland Increase

Gas flows from Germany to Poland via the Yamal-Europe pipeline, which usually sends Russian gas westward into Europe, increased on Friday.

Nothing Off the Table, EU Responds to Question on Halting Nord Stream 2

The gas pipeline Nord Stream 2 could be halted should Russia invade Ukraine, EU Commission chief Ursula von der Leyen signaled.

Forced Electrification Could Cost Maryland Consumers $26,000+ per Household, CEA Report Finds

Removing natural gas service and usage could cost Baltimore households more than $26,000 each, a Consumer Energy Alliance analysis found.

Eastward Yamal Gas Flows from Germany to Poland Decline Further

Gas flows from Germany to Poland via the Yamal-Europe pipeline, which usually sends Russian gas westward into Europe, fell on Thursday morning, data showed.

US State Dept Says Nord Stream 2 Will Not Move Forward if Russia Invades Ukraine

U.S. State Department spokesperson Ned Price said the Nord Stream 2 pipeline between Russia and Germany will not move forward if Russia invades Ukraine.

Lebanon, Jordan Agree to Bring Electricity Through Syria

Lebanon signed a U.S.-backed deal with Jordan on Wednesday that aims to ease crippling power shortages by transmitting electricity across neighboring Syria.

Nord Stream 2 Registers German Subsidiary, Certification Still Suspended

The operator of the Russian Nord Stream 2 gas pipeline has registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, though certification for the project remains suspended by Berlin.

Russian LNG Vessel Back in Baltic Amid Tensions Over Ukraine, Gas Supplies

The ship ensures Kaliningrad, which is separated from Russia's mainland and sandwiched between Poland and Lithuania, can receive gas even if there are disruptions to pipelines running through Lithuania.

Thailand's PTT Exploration and Production Taking Over Myanmar Gas Field as Others Exit

Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp. exit in the wake of last year's coup in the Southeast Asian state.

Could More LNG Supplies Get to Europe in the Event of a Crisis?

The United States is in talks with major energy-producing countries and companies over a potential diversion of LNG to Europe if Russia invades Ukraine.

US Court Vacates Federal Permit for Mountain Valley Natural Gas Pipeline

Analysts at ClearView Energy Partners LLC said the loss of the permit likely means "completion of the pipeline this calendar year now looks unlikely."

Analysts Raise EU Carbon Price Forecasts as Gas Rally Persists

Analysts have raised their European carbon market average price forecasts in response to persistently high gas prices that encourage electricity generators to use more polluting coal-fired power.

Eastward Yamal Gas Flows from Germany to Poland Decline

Gas flows from Germany to Poland via the Yamal-Europe pipeline, which usually sends Russian gas west into Europe, have declined, data showed on Tuesday morning.