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The Latest Breaking News from Natural Gas

Myanmar makes $800m from April-July gas exports

Military-ruled Myanmar earned US$800 million from natural gas exports mainly to China and Thailand between April and July, the junta said in the state newspaper on Thursday.

Bangkok Post

Energy prices are rising again. Here’s what to expect in another costly winter heating season

The cost of natural gas and heating oil is climbing again, likely to cause more financial pain this winter for consumers already struggling to pay for food, clothing and other items.

Tribune News Service

It’ll be impossible to replace fossil fuels with renewables by 2050, unless we cut our energy consumption

Energy consumption – whether its heating your home, driving, oil refining or liquefying natural gas – is responsible for around 82% of Australia’s greenhouse gas emissions.

The Conversation

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Draghi: Italy has stockpiled 80% of natural gas reserves

Outgoing Italian Premier Mario Draghi said the country is less vulnerable to interruptions of Russian natural gas supplies because of its moved rapidly to reduce dependence on Moscow

The Independent UK

Europe’s natural gas market tests record highs as supply worries mount

As Russia prepares to cut supplies via the Nord Stream pipeline, there are also outages on Norway and the US

Evening Standard

2 Oil Stocks Investors Might Want to Load up on This Fall

Gas-to-oil switching and soaring oil use for power generation are boosting oil demand. Moreover, OPEC might be planning a supply cut, which should drive prices higher. So, we think it could be wise to load up on oil stocks Marathon Oil (MRO) and Murphy Oil (MUR) this fall. Read more….

StockNews.com

Euro falls below parity with the dollar. What's the impact?

The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency

The Independent UK

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German gas storage 80% full, progresses despite Russian cuts

Germany’s gas storage facilities are now more than 80% full, showing steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine

The Independent UK

Factory slump drags UK near stagnation; US private sector shrinks; eurozone ‘heads into recession’ – as it happened

UK private sector growth hits 18-month low, while the US, Germany and France all suffer falls in activity this month, adding to recession fears

The Guardian - UK

Canada would need ‘business case’ for LNG exports to Europe: PM

Justin Trudeau says natural gas exports costly and logistically difficult, but Canada will boost global energy supplies.

Al Jazeera

Could Nord Stream Pipeline Maintenance Benefit US Stocks? Analysts Thinks So — And One Sees 26% Upside Potential On This Energy Stock

The cost of wholesale European gas has increased by 572% this year to 276.23 euros per megawatt-hour, or approximately $274.70. Analysts predict that price increases will continue as winter approaches, fueling inflationary fears as Europe battles to cope with Russia's interruption of natural gas supplies.

Benzinga

Germany's Scholz in Canada to diversify energy supply

German leader Olaf Scholz says he's working as fast as he can to reduce Germany's dependence on Russia for energy, but Canadian Prime Minister Justin Trudeau says a business case is needed to send gas from Canada to Europe

The Independent UK

Germany may resort to nuclear plants to plug Russian gas gap

Germany may not be able to replace all its imports of Russian natural gas this winter and might have to resort to nuclear power to plug part of the gap, the nation’s two most powerful leaders said.

Tribune News Service

Torrent reduces CNG prices by ₹5 per kg

Domestic allocation of natural gas increased

The Hindu

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Reuters

Ukraine's Naftogaz backs Scholz's bid for Canadian LNG ahead of trip

Shortly before his two-day trip to Canada, German Chancellor Olaf Scholz received support for his interest in Canadian liquid natural gas to help replace Russian gas imports from an unexpected ally: Ukrainian state-owned gas company Naftogaz.

Asharq Al-Awsat

French President Macron to Travel to Algeria on Aug. 25

French President Emmanuel Macron is planning to travel to Algeria next week, the Elysee palace announced on Saturday, saying that the official visit will take place from Aug.25-27. Macron accepted an invitation by Algerian President Abdelmadjid Tebboune, his office said. It will be Macron's second official visit to the North…

The Independent UK

Russia's Gazprom to shut gas pipeline to Europe for 3 days

Russia’s state-owned energy company Gazprom says a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.”

Wales Online

Russia-owned energy firm Gazprom to shut gas pipeline to Europe for three days

The firm said the closure of the pipeline was being carried out for "routine maintenance". It comes at a time when gas prices across Europe are surging.

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Tribune News Service

Recipe for a reliable Texas grid: A gas plant plus 22,000 batteries and backup fuel

GRANBURY, Texas — This is what modern reliability looks like on the Texas grid.

The Independent UK

Germany lowers natural gas tax to ease burden on consumers

German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on people struggling with soaring energy costs

Tribune News Service

Too much of a good thing for Texas? Uncle Sam’s pumping up wind, solar and batteries

Texas may be a fossil-fuel capital, but wind and solar power have been dominating the growth in electricity generation, and storage batteries are coming on fast.

Evening Standard

Our politicians are ducking the hard truths of this energy crisis

Whatever you think of the various proposals to deal with the energy crisis, one fact stands out beyond all others. As a nation, we are worse off. Natural gas prices are eight times higher than they were at the beginning of 2021. Much of the increase occurred before Vladimir Putin…

Reason

In a Belated Outburst of Rationality, Germany Decides To Keep Three Nuclear Plants Open

Leaving the country dependent on Russian natural gas was not too smart.

USAFacts

Total methane emissions have declined since 1991, but methane emissions from livestock are up

The Inflation Reduction Act aims to reduce emissions from agriculture and natural gas systems , the top two sources of methane emissions

Bangkok Post

BGRIM posts B14.67bn earnings in Q2

SET-listed B.Grimm Power Plc (BGRIM) recorded revenue of 14.6 billion baht in the second quarter of 2022 from higher electricity tariffs, increased sale volumes and contributions from renewals in Laos and Thailand.

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