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The Latest Breaking News from Natural Gas

Germany's 1st LNG terminal takes shape at North Sea port

Germany has marked the completion of port facilities for the first of five planned liquefied natural gas terminals it is scrambling to put in place as it replaces the Russian pipeline gas that once accounted for more than half of its supplies

The Independent UK

Ending the climate crisis has one simple solution: Stop using fossil fuels

As COP27 unfolds in Egypt, we are hearing about a large array of climate change solutions, ranging from building with carbon-absorbing bamboo and using less plastic to growing more kelp in the oceans to retain its carbon stores and enhance biodiversity.

The Conversation

Germany, Poland take over natural gas firms tied to Russia

Poland and Germany have announced separate takeovers of natural gas companies linked to Russian energy giant Gazprom

The Independent UK

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In nation’s energy capital, 45% of Texans cut spending on basics to pay for energy bills

Texas may be the nation’s energy capital, but Texans aren’t getting a break on their energy bills — and many are feeling the squeeze.

Tribune News Service

Republicans tout benefits of fossil fuels at climate talks

Members of a Republican Congressional delegation took the stage at this year’s U.N. climate talks Friday to tout the benefits of fossil fuels

The Independent UK

COP27: Israel says big boost in gas supply to Europe will take years

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

Reuters

Biden tightens methane emissions rules, even as the U.S. pushes for more oil drilling

Oil and gas production is the nation's largest industrial source of methane, the main component of natural gas, and is a key target for the Biden administration as it seeks to combat climate change.

WEKU

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How the energy crisis is pressuring countries at the UN climate summit – while some race to renewables, others see natural gas wealth, but it may be short-lived

Russia’s war on Ukraine has cast a shadow over this year’s United Nations climate summit in Sharm el-Sheikh, Egypt, where officials from around the world are discussing the costs of climate change and how to cut emissions that remain near record highs.

The Conversation

Are climate change emissions finally going down? Definitely not

World leaders are discussing how to get climate change under control, but new reports show the post-pandemic rebound and war in Ukraine are driving emissions even higher.

WEKU

Gas producers using Cop27 to rebrand gas as transitional fuel, experts warn

Companies and financial backers are laying the groundwork for a shift in attitudes towards gas

The Guardian - UK

2 Momentum Stocks to Buy Into the End of 2022

Morgan Stanley believes the market could be up for a year-end rally. On the other hand, the oil and gas market is expected to remain tight amid various factors squeezing supply. Hence, investors could consider buying energy stocks TotalEnergies (TTE) and Energy Transfer (ET), which have gained significant momentum this…

StockNews.com

World's dash for natural gas endangers climate goals -report

Countries scrambling this year to source more natural gas to replace supplies from Russia are risking years of emissions that could thwart climate goals, the research collaboration Climate Action Tracker said on Thursday.

Reuters

Report: War-triggered gas boom threatens world climate goal

The planning and buildup of liquified and other natural gas would add 2 billion tons of carbon dioxide equivalent (1.9 billion metric tons) a year to the air by 2030, according to a report released Thursday by Climate Action Tracker at international climate talks in Egypt

The Independent UK

As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

WEKU

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The Texas Tribune

Republican Railroad Commissioner Wayne Christian wins reelection

Christian chairs the three-member board that oversees Texas’ oil and gas industry.

Fortune

U.S. and U.K. nearing a deal for America to supply much-needed gas to Britain

An announcement is expected after the COP27 climate change summit.

Asharq Al-Awsat

Bahrain Announces 2 New Natural Gas Discoveries

Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday. Nasser bin Hamad Al Khalifa, chairman of the kingdom's energy investment and development arm Nogaholding, has updated Bahrain King Hamad bin Issa Al Khalifa on the discoveries, an official statement…

StockNews.com

1 Energy Stock to Avoid Despite the Sector’s Popularity in 2022

The energy sector has benefitted from the geopolitical crisis and tight supply situations this year. However, natural gas company Tellurian’s (TELL) latest quarterly financials came in cooler than expected. We think this stock might be avoided now. Read on….

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The Guardian - UK

Germany keen to discuss natural gas pact with UK amid supply risk

Officials interested in deal that would allow two countries to bail each other out in event of shortages

Bangkok Post

Authorities promote energy saving

Energy authorities are preparing to make an electricity saving campaign a mandate for households and businesses as they struggle to deal with the high prices of liquefied natural gas (LNG) which may keep soaring in the winter, putting more financial burden on national power generation.

Fortune

'It’s going to be pretty bad': This part of the US is hurtling towards a winter heating crisis and consumers could pay the highest prices in decades

New England’s stockpiles of diesel and heating oil — the same product, taxed differently — are a third of normal levels.

Bangkok Post

Energy saving may be made mandatory

Electricity saving may be mandated for households and businesses as the high price of liquefied natural gas (LNG) imports pushes up the cost of national power generation.

Al Jazeera

Dozens of ships carrying LNG linger around Europe’s coast

The tankers are carrying a combined $2bn in natural gas and slowly sailing around northwest Europe.

The Independent UK

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

Chicago Tribune

Last winter’s heating costs were bad. This year could be worse, with Chicago-area gas bills expected to spike another 30%

It may cost hundreds of dollars more to stay warm this winter in Chicago and the suburbs, with rising natural gas prices and ongoing ratepayer-funded repair work projected to raise bills by as much as 30% over last year.

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