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The Latest Breaking News from Natural Gas

3 Bloated Oil & Gas Stocks to Avoid as Energy Prices Fall

Energy prices declined significantly last week due to concerns that an economic slowdown could weaken demand. Given the price volatility, we think it could be wise to avoid fundamentally weak oil & gas stocks Houston American Energy (HUSA), NextDecade (NEXT), and Tellurian (TELL), which look bloated. Read on….

StockNews.com

Canada to Release Equipment for Russia-Germany Gas Pipeline

The Canadian government said it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance — equipment the absence of which Russia's Gazprom cited last month as a reason for more than halving the flow of gas. The return of turbines…

Asharq Al-Awsat

International Energy Forum Calls For Transparent Disclosure of Nuclear, Gas Holdings

The International Energy Forum (IEF) welcomed the European Parliament’s decision to include nuclear and natural gas in the EU classification of environmentally sustainable energy sources, unlocking billions of euros of new investment. In a statement, the IEF also stressed the need to strengthen disclosures of nuclear and gas holdings. “This…

Asharq Al-Awsat

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Canada to release equipment for Russia-Germany gas pipeline

The Canadian government says it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance — equipment the absence of which Russia’s Gazprom cited last month as a reason for more than halving the flow of gas

The Independent UK

Morocco - a top fertiliser producer - could hold a key to the world’s food supply

Morocco has a large fertiliser industry with huge production capacity and international reach. It is one of the world’s top four fertiliser exporters following Russia, China and Canada.

The Conversation

The Supreme Court handed coal power a win. But experts say that won't save it

Conservative U.S. Supreme Court justices sided with coal companies in a recent case over the EPA's authority. But market forces have pushed the ongoing decline of coal power.

WEKU

New pipeline from Greece to Bulgaria offsets Russian gas cut

The leaders of Greece and Bulgaria have inaugurated a new pipeline that will supply natural gas from Azerbaijan to Bulgaria

The Independent UK

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German energy giant Uniper asks for bailout amid Ukraine war

Germany's energy supply giant Uniper is asking the government for a bailout amid a growing supply crisis over Russian natural gas

The Independent UK

Exclusive: Ukraine urges Canada not to hand over gas turbine to Russia

Ukraine opposes Canada handing over a turbine to Russia's state-controlled Gazprom for natural gas supplies to Germany as the move would contravene sanctions on Russia, a Ukrainian energy ministry source told Reuters on Thursday.

Reuters

Canada's Ukrainians urge Trudeau to refuse Russian demand to return gas turbine

Canada's Ukrainian community is urging Prime Minister Justin Trudeau to refuse to compromise the country's sanctions against Russia in order to return a turbine that Moscow says is critical for supplying natural gas to Germany.

Reuters

Europe's battle over "green" natural gas

The moves, which are highly controversial, encourage the private sector to invest in such energy sources.

Axios

The US Industrial Complex Is Starting to Buckle From High Power Costs

Surging bills are forcing companies to scale back industrial operations, threatening a greater drag on the economy.

Businessweek

Few states have seen more major gas leaks than Georgia, report finds

Few states see more natural gas leaks from pipelines than Georgia does, according to a new analysis of federal incident data, leading to millions of dollars in damages and at least two deaths here since 2010.

Tribune News Service

NEPC okays extra LNG purchase

The National Energy Policy Council (NEPC) has approved a plan to buy an additional 1 million tonnes of liquefied natural gas (LNG) per year under a long-term purchase contract to relieve LNG price fluctuations, which affect national electricity generation costs.

Bangkok Post

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The Independent UK

EXPLAINER: Fears of a natural gas emergency stalk Europe

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

The Japan News/Yomiuri

Moscow turns the screws on foreign firms over sanctions

Russia's establishment of a law requiring oil and natural gas development projects to be conducted by Russian companies indicates the government of President Vladimir Putin is strengthening its stance on shutting out foreign firms.

Asharq Al-Awsat

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

Tribune News Service

Natural gas soars 700%, becoming driving force in the new cold war

One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from U.S. shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured.

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Benzinga

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,…

The Guardian - UK

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 Texas Tribune

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.

Benzinga

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.

The Independent UK

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

Asharq Al-Awsat

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.…

Bangkok Post

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.

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