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The Latest Breaking News from Natural Gas

New Fortress Energy, Mexico's CFE Partner On Natural Gas Supply

New Fortress Energy Inc (NASDAQ:NFE) has entered into an agreement with Comisión Federal de Electricidad (CFE) as part of a growing strategic alliance. The agreement includes expanding and extending NFE's natural gas supply to multiple CFE power generation facilities in Baja California Sur, selling NFE's 135 MW La Paz power plant to CFE,…

Benzinga

European stock markets tumble on rising fears of recession

Euro slumps to 20-year low against US dollar as jump in natural gas prices intensifies economic strain

The Guardian - UK

Texans face skyrocketing home energy bills as the state exports more natural gas than ever

The cost of electricity in Texas is tightly tied to the price of natural gas, which has more than doubled since Russia invaded Ukraine in late February.

The Texas Tribune

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Avila Energy Corporation, previously known as Petro Viking Energy Inc., is pleased to provide a Corporate Update to the Acquisition and Name Change

Calgary, Alberta – TheNewswire - June 27, 2022 – Avila Energy Corporation ("Avila" or the "Company") upon receiving Shareholder Approval at the AGM October 15, 2021, the Company formally filed the change of its name to Avila Energy Corporation effective December 3, 2021.

Benzinga

Regulator urges Germans to prepare for possible gas shortage

Fearing Russia might cut off natural gas supplies, the head of Germany’s regulatory agency for energy is calling on residents to save energy and to prepare for winter, when use increases

The Independent UK

Lebanon: US Ensures Egypt, Jordan are Exempted from Caesar Act on Gas Deal

The US Ambassador to Lebanon Dorothy Shea assured that progress has been made on the agreement to secure Egypt and Jordan from the Caesar Act in order to deliver natural gas to cash-strapped Lebanon. Shea made her assurance during a meeting with Lebanon’s caretaker Energy Minister Walid Fayyad on Friday.…

Asharq Al-Awsat

Banpu completes Texas gas field acquisition

The SET-listed energy company Banpu Plc says it has completed the acquisition of natural gas and midstream assets in a shale field in the US state of Texas from two subsidiaries of Exxon Mobil Corporation.

Bangkok Post

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For the first time, US is sending more gas to Europe than Russia

For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency.

Tribune News Service

Land sought from KMML for city gas station: CM

GAIL pipeline will not be laid in 3 southern districts

The Hindu

How the gas industry aims to rebrand as ‘clean’ energy to appeal to Black and Latino voters

Pipeline companies facing opposition in blue states have launched a $10m PR campaign targeting the Democratic base

The Guardian - US

Climate concerns grow as US helps Europe replace Russian gas

President Joe Biden’s point man for global energy problems knows, he says, that transitioning away from the climate-wrecking pollution of fossil fuels is the only way to go

The Independent UK

German porcelain maker faces fragile future due to Ukraine war

For family-owned German porcelain maker Kahla the recent cuts in Russian natural gas supply to Germany and high energy prices due to the Ukraine war pose a looming existential threat.

Reuters

Spain Begins Natural Gas Exports to Morocco

Natural gas has started flowing from Spain towards Morocco through a pipeline that stopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday. Algeria decided last year not to extend a deal to export gas through a pipeline…

Asharq Al-Awsat

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

WEKU

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Asharq Al-Awsat

Egypt: BP Awarded New Offshore Exploration Block in Western Mediterranean

BP has won gas exploring rights in Egypt's offshore King Mariout concession in the western Mediterranean, the British-based company said in a statement on Tuesday. This comes following its successful participation in 2021’s limited bid round organized by the Egyptian Natural Gas Holding Company. The concession area is located approximately…

Asharq Al-Awsat

Saudi Shura Approves Real Estate Contribution, Energy Supply Regulations

The Saudi Shura Council approved new laws regulating the energy supply system, real estate contributions, and the sale and lease of real estate projects. The energy supply system regulation aims to allocate all types of energy to its consumers in electricity, crude oil refining, petrochemical production, water desalination, industry, mining,…

Axios

Leaders stare down energy and climate tug of war at G7 summit

Short-term pressures to cut energy costs may yield a less climate friendly G7 outcome.

The Independent UK

EU countries adopt mandatory gas storage amid Russia's cuts

EU countries have agreed that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries

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St. Louis Post-Dispatch

Ameren aims to build natural gas power plant by 2031 amid push away from coal

ST. LOUIS — Ameren announced plans Thursday to build a large power plant within the next decade that runs on natural gas — even as the utility aims to accelerate its shift toward carbon neutrality.

The Independent UK

Solidarity behind Ukraine's Russia fight atop summit agendas

Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden

Bangkok Post

Asia LNG spot prices continue rising

LONDON: Asian liquefied natural gas (LNG) spot prices continued its upward trend this week as fears of further market tightening following a major outage at a Freeport plant and reduced Russian gas flows to Europe pushed buyers to cover short-term needs.

Reason

'Green' Germany Prepares To Fire Up the Coal Furnaces

Strongly held wishes and pixie dust won’t deliver a green utopia.

Tribune News Service

World’s dirtiest oil and gas fields are in Russia, Turkmenistan and Texas

Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as…

France 24

Germany takes step towards gas rationing as supplies dwindle

Germany has taken a step towards rationing natural gas by activating the second of three stages in an emergency plan. Officials say that since Russia reduced supplies, gas is now a "scarce commodity". Also in the show: the UK is hit by a second day of rail strikes over job…

Benzinga

US LNG Exports To China Plummet By 95%: What You Need To Know

U.S. exports of liquefied natural gas (LNG) to China between February and April is down by 95% from the same period one year earlier, according to a Wall Street Journal analysis of Chinese government data.

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