Business & Markets
Czech Minister: Putin Gave Europe 'Gift' as Gas Crisis Showed Alternatives Exist
LNG shipments to Europe late last year showed Russia could not use gas as great leverage over Europe, and the gas shortfall supported efforts to build more LNG capacity on European shores, Czech Foreign Minister Jan Lipavsky said on Wednesday.
EU Carbon Price Falls After Lawmaker Suggests Market Tweaks to Prevent Spikes
The Benchmark European carbon contract fell more than 5% on Wednesday afternoon after a key European lawmaker suggested changes could be made to the EU's carbon market to allow the European Commission to act swiftly if prices rose too quickly.
Consumers Face Years of High Energy Prices, Global Oil CEOs Warn
Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure on governments struggling with spiralling inflation.
U.S. Reaches Out to Foreign Producers in Algeria on Gas Options
The U.S. government has asked to meet Eni, TotalEnergies and other energy companies operating in Algeria to see if more gas can be sourced from the country, as Washington ramps up efforts to find alternative gas supplies for Europe.
Layoffs Begin at Shuttered Phillips 66 Alliance Louisiana Refinery
Phillips 66 this week began laying off hourly workers at its shuttered Alliance, Louisiana, refinery, which is being converted to an oil and refined products terminal by August, sources familiar with plant operations said on Wednesday.
Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions
Japan will divert some LNG cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.
Williams Hires LNG Executives for New Marketing Arm
U.S. natural gas pipeline operator Williams Companies has hired two veteran executives to set up an LNG marketing operation, according to employee profiles and people familiar with the matter.
Editor's Notebook - Replacing Pipelines in California
Plains All American’s application to build a replacement pipeline in California is entering a critical phase this year, as the state’s potential as a location for fuel infrastructure increasingly comes in conflict with efforts to curb climate change.
Venture Global Gets OK on 4th LNG Block at Louisiana Calcasieu Plant
U.S. LNG company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company's Calcasieu Pass LNG export plant in Louisiana.
Russia May Use Field Hit by U.S. sanctions for Gas Exports to China
Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday.
Ecuador's OCP Pipeline Resumes Operation after Rock Fall, Spill
Pumping on Ecuador's private oil pipeline has resumed after repairs to damage caused by falling rocks, operator OCP Ecuador said on Tuesday.
Canada's Oil M&A Flurry Seen Giving Buyers Upper Hand in Dealmaking
A rally in oil prices to over seven-year highs is leading to a flurry of asset sales in Canada as energy companies cash out of low-margin assets, but the rush of deals could turn it into a buyer's market, bankers and company executives said.
First LNG Tanker Arrives Near Venture Global's Calcasieu Plant
A tanker, the Yiannis, arrived near Venture Global LNG's Calcasieu Pass LNG export plant in Louisiana on Monday and could be the first vessel to pick up a cargo at the facility, according to data from Refinitiv.
Italy Expects EU Carbon Price Around 80 Euros per Tonne in 2022
Italy expects the price of permits on the European Union's carbon market to trade at an average of 80 euros ($91) per tonne this year, giving the government more funds to curb soaring energy bills.
Russia's 2021 Gas Exports via Nord Stream Continue Record High
Russia's natural gas exports to Germany via the Nord Stream pipeline crossing the Baltic Sea totaled 59.2 Bcm in 2021, its operator said on Monday, in line with record volumes a year earlier.
Oil Workers Strike Over Wages in Blow to Argentina's Vaca Muerta
Argentina's largest oil union on Monday began an indefinite strike to press its demand for a wage hike to make up for the loss of purchasing power due to high inflation, a union leader said, a potential blow to activity in the Vaca Muerta shale fields.
Cheniere Announces Substantial Completion of Sabine Pass Train 6
Cheniere Energy Partners on Monday announced substantial completion of its sixth liquefaction train at Sabine Pass and said construction partner Bechtel has handed over the project after its commissioning was complete.
Brent Hits $94/Barrel as Some Analysts Predict $100 Oil
Oil prices rose on Monday, reversing earlier losses, as investors kept bullish sentiment on expectations that global supply would remain tight as demand picks up and shrugged off signs of progress in the U.S.-Iran nuclear talks.
Baltic States 'Working Closely Together' to Prepare for Russian Gas Cut
Energy companies and governments in the Baltic states are cooperating to prepare for a possible cut in Russian natural gas supplies amid tensions over Ukraine and concerns about gas supplies to Europe.
Morocco Seeks Medium-Term Gas Supply Contracts
Morocco is in talks with Spanish and other gas traders to secure a medium-term LNG supply deals, as it seeks to decarbonize its economy, Energy Minister Leila Benali said.
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.
Ecuador Pipeline to Take Longer to Restart Due to New Damage
Repairs to an OCP Ecuador pipeline damaged by falling rocks will take more than a week because of new damage sustained in the same area.
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
Peru Facing Fuel Shortage after Suspending Repsol Operations
Peru is facing a fuel shortage after the government banned Repsol SA from unloading any new oil into a local refinery after a large oil spill last month, its new prime minister said Thursday.
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
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