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The Latest Breaking News from Natural Gas

Egypt: US Chevron to Drill First Exploration Well in Eastern Mediterranean

Egypt’s state-owned gas company and United States-based Chevron Corp signed on Monday a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt for processing and export, the petroleum ministry stated on Monday. The memorandum of understanding signed by Egyptian Natural Gas Holding Company (EGAS) and Chevron…

Asharq Al-Awsat

EXPLAINER: What's next after Russia reduced gas to Europe?

The war in Ukraine is fueling fears of a natural gas emergency in Europe

The Independent UK

Qatar Announces Italy’s Eni as Second Partner in North Field East Project

Qatar signed a deal with Eni on Sunday on the expansion of the North Field East (NFE) Project, the world's largest liquefied natural gas (LNG) project, following on from an agreement with TotalEnergies earlier this month. QatarEnergy CEO Saad al-Kaabi said Eni would own 25 percent of a new joint…

Asharq Al-Awsat

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Kurri gas pipeline construction to create 400 jobs

Australia's largest natural gas infrastructure business APA Group has signed a 30 year agreement for the transport and storage of gas to the Hunter Power Project at Kurri.

Newcastle Herald

Gas might be expensive, but biogas comes with its own hidden cost in methane emissions

Compared to fossil fuels including natural gas, biogas — which is made from waste — is a cleaner, greener alternative — but researchers are still worried about emissions.

ABC News

Idaho Power is pulling out of coal, with plan to exit 50-year-old Wyoming plant

As it proceeds toward a clean-energy future, Idaho Power plans to exit a nearly 50-year-old Wyoming coal plant sooner rather than later, in part by converting parts of the coal plant to natural gas.

Tribune News Service

Ranchi Jamshedpur: Erratic CNG supply across fuel stations hits auto biz

JAMSHEDPUR: The irregular supply of Compressed Natural Gas (CNG) to the four refilling stations is causing interruption in business for the over 800 autorickshaw owners and drivers in the Steel City for the past one week.

The Times of India

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Forget Southwestern Energy, Buy These 3 Oil & Gas Stocks Instead

Oil and gas prices have remained elevated over the past few months due to the tighter supply caused by the ban on Russian oil and surging demand. However, Southwestern Energy (SWN) hasn’t been able to capitalize on the high oil prices because of its fundamental weakness. However, Occidental Petroleum (OXY),…

StockNews.com

France no longer receiving Russian gas via Nord Stream pipeline

France has not received any pipelined natural gas from Russia since 15 June, network operator GRTgaz said Friday, after Russian energy giant Gazprom warned this week it would sharply cut deliveries to Europe.

Radio France Internationale

Russia again cuts natural gas exports to European countries

Russia has reduced natural gas to Europe again as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine

The Independent UK

Is the EU deal with Israel and Egypt a way out from Russian gas?

Critics argue that the EU will face problems dealing with Israel and Egypt despite Brussels’s enthusiasm.

Al Jazeera

BlackRock Unveils Perpetual Infrastructure Strategy For Energy Transition, Security

BlackRock Inc (NYSE:BLK) will establish a perpetual infrastructure strategy to help companies transition to lower-carbon business models over time. Over half of the strategy will be allocated to Europe initially. BlackRock had initially planned 35% - 40% of its investments in Europe, Financial Times reported. The perpetual capital strategy will start with money in…

Benzinga

Germany steps up calls to save energy as Russia reduces gas

Germany’s vice chancellor is stepping up an appeal for the country's residents to save energy after Russia’s Gazprom announced significant cuts in natural gas deliveries through a key pipeline

The Independent UK

European gas rises further, escalating energy war

Natural gas prices in Europe jumped after Russia stepped up an energy war by cutting supplies through the largest link to the continent to less than half of its usual volumes.

Bangkok Post

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The Independent UK

Florida utility aims to eliminate carbon emissions by 2045

Florida’s largest electricity provider has announced plans to eliminate all of its carbon emissions by 2045 by increasing its reliance on solar energy, including using it to turn water into hydrogen to power its generating plants

Tribune News Service

Gas surges in Europe as Russia signals deeper supply cuts

European natural gas prices extended gains as Russia signaled deeper supply reductions through its biggest pipeline to the continent.

The Independent UK

Reduced Russian gas flow is political, German official says

Germany’s vice chancellor says Russia’s announcement that it would reduce natural gas flows through a key European pipeline by roughly 40% appears to be a political move rather than a result of technical problems

Al Jazeera

EU signs gas deal with Israel, Egypt in bid to ditch Russia

The tripartite agreement will allow ‘significant’ exports of Israeli gas to Europe for the first time.

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The Independent UK

Egypt, Israel to boost gas supply to EU amid Ukraine war

Egypt, Israel, and the European Union have signed a deal to increase liquified natural gas sales to EU countries, who aim to reduce dependence on supply from Russia as the war in Ukraine drags on

Asharq Al-Awsat

Egypt, Israel to Boost Gas Supply to EU amid Ukraine War

Egypt, Israel, and the European Union on Wednesday signed a deal to increase liquefied natural gas sales to EU countries, who aim to reduce dependence on supply from Russia as the war in Ukraine drags on. The deal, stamped in a five-star Cairo hotel, will see Israel sending more gas…

Los Angeles Times

Don’t fear LA’s ban on gas stoves. Electric appliances are the future

Los Angeles is taking a necessary and overdue step in the fight against climate change and lung-damaging air pollution. The City Council voted last month to ban most natural gas-fueled appliances in newly constructed residential and commercial buildings, aiming to get the new rules in place by Jan. 1, 2023.

Bangkok Post

Without Cheap Russian Energy, Some European Factories Are Shutting Down

For decades, European industry relied on Russia to supply low-cost oil and natural gas that kept the continent's factories humming.

The Independent UK

EU looks to east Mediterranean as gas alternative to Russia

European leaders visiting Israel expressed hope that natural gas supplies from the eastern Mediterranean could help reduce dependence on Russia

Benzinga

Capstone Bags Contract To Supply 1.2 MW Power Generation Solution To Illinois Gas Facility

Capstone Green Energy Corp's (NASDAQ:CGRN) distributor for the Midwest, New England, and Eastern Canada, Vergent Power Solutions, secured an order for a 1.2 megawatt (MW) energy system for a northern Illinois gas utility company at their natural gas facility. Financial terms were not disclosed. The new solution, which features two Capstone C600 Signature…

Asharq Al-Awsat

Egypt's Suez Canal Extends Rebates for LNG, LPG Carriers Until End-2022

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website. LPG tankers operating between the American Gulf and ports west of India,…

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