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The Latest Breaking News from Natural Gas

Pakistan in bailout bid sharply raises natural gas taxes

Cash-strapped Pakistan sharply increased taxes on natural gas to comply with a long-stalled financial bailout, and both industrial and everyday consumers were expected to feel the pain

The Independent UK

Egypt Ships 80% of its Gas to Europe

Egypt shipped 80% of its liquefied natural gas (LNG) exports to Europe last year, the country’s petroleum minister, Tarek Al-Molla, said on Monday. Al-Molla’s comments came as the European Union (EU) expects Egypt to increase the volumes of its LNG deliveries to Europe. On Monday, EU commissioner for energy, Kadri…

Asharq Al-Awsat

China's CNPC Set to Seal Mega Qatari LNG Deal

China National Petroleum Corp (CNPC) is close to finalizing a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter told Reuters. If sealed, this would be the second such…

Asharq Al-Awsat

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Banpu to boost US shale gas investments

Banpu Public Company Limited, Thailand’s largest coal producer, plans to boost its investments in United States shale gas as it prepares for the New York listing of its American unit this year.

Bangkok Post

Life on Curtis Island alongside three liquefied natural gas plants

Curtis Island, in the Great Barrier Reef World Heritage Area, is a major habitat for vulnerable species. It is also home to three liquefied natural gas plants that export roughly five per cent of the world's LNG.

ABC News

Despite criticism, Biden hasn't slowed energy production - Roll Call

Domestic oil production is expected to set a new record this year and continue to climb into 2024, along with rising natural gas production.

Roll Call

Two years after its historic deep freeze, Texas is increasingly vulnerable to cold snaps – and there are more solutions than just building power plants

Texans like to think of their state as the energy capital of the world. But in mid-February 2021, the energy state ran short of energy.

The Conversation

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LA is shutting down its largest gas plant — and replacing it with an unproven hydrogen project

The Los Angeles City Council voted unanimously Wednesday to move forward with an $800-million plan to convert the city's largest gas-fired power plant to green hydrogen — a first-of-its-kind project that was hailed by supporters as an important step to solve the climate crisis but slammed by critics as a…

Los Angeles Times

Soaring California natural gas prices could bring higher electricity bills this summer

In the wake of skyrocketing gas rates, a utility company executive suggested that hikes in natural gas costs could lead to higher electricity bills this summer.

Los Angeles Times

India Seeks More LNG Under Qatar Deal

Petronet LNG, India's top gas importer, will seek up to 1 million tons per annum (mtpa) of liquefied natural gas (LNG) when it renews its long-term deal with Qatar this year, the company's chief executive said on Tuesday. "We are seeking an additional 0.75 to 1 mtpa on top of…

Asharq Al-Awsat

Shell’s Grand Plan to Fight Climate Change (and Continue to Cause It)

The company is investing billions of dollars in zero- and low-carbon energy solutions, but selling oil and gas at record profits is a hard habit to break.

Businessweek

Essar’s second coming: Steel plants in Saudi, Odisha

BENGALURU: The group Essar group promoted by the Mumbai-based Ruia family is planning to set up steel plants in Saudi Arabia and Odisha as well as a facility to import LNG (liquefied natural gas) at Hazira in Gujarat, Essar Capital director Prashant Ruia said on the sidelines of India Energy…

The Times of India

Newsom wants the feds to investigate California's high natural gas prices

Gov. Gavin Newsom on Monday jumped into the debate over the spike in natural gas prices affecting millions of California utility customers, calling on federal regulators to look at whether gouging or market manipulation is at work.

Tribune News Service

In South Texas, opponents say planned natural gas export facility’s carbon capture promises are “greenwashing”

A company planning to build a massive liquefied natural gas export facility near Brownsville says carbon capture technology will reduce its pollution, but some locals say it’s a “Band-Aid on a bullet hole.”

The Texas Tribune

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WEKU

Gas stove makers have a pollution solution. They're just not using it

Gas utilities and cooking stove manufacturers knew for decades that burners could be made that emit less pollution in homes, but they chose not to. That may may be about to change.

The Guardian - UK

How Putin’s plans to blackmail Europe over gas supply failed

Within eight months of Russia invading Ukraine, the EU’s 27 states had replaced about 80% of the natural gas they used to get from Moscow

ABC News

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

The Guardian - US

Brown gold: the great American manure rush begins

The energy industry is turning waste from dairy farms into renewable natural gas – but will it actually reduce emissions?

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Asharq Al-Awsat

Egypt Cabinet Approves 13 Draft Agreements to Explore Oil, Gas

The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies. Under the deals, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa,…

Asharq Al-Awsat

Tanker Breaks Down in Suez Canal, but Traffic Not Disrupted

A tanker transporting liquefied natural gas broke down in the Suez Canal on Wednesday but traffic in the global waterway was unaffected, a canal spokesperson said. The Bahamas-flagged Grace Emilia suffered a malfunction of its rudder and tugboats pulled it to the side of the canal to allow other vessels…

The Independent UK

Bulgaria and Serbia diversify energy supplies

The presidents of Bulgaria and Serbia have launched the construction of the Bulgarian part of a gas link that is designed to diversify the energy supplies of a region that until recently was almost fully dependent on natural gas deliveries from Russia

The Independent UK

Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

Asharq Al-Awsat

Türkiye to Host Summit of Gas Buyers, Sellers Next Month

Türkiye will hold a natural gas summit on Feb. 14-15 to bring together gas supplier countries and Europe's consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday. "We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe,"…

Reuters

Russian Antarctic vessel docks in South Africa as green groups protest

A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners who say its operations in the region violate a treaty banning mineral exploration.

Capital & Main

Flaring and Venting Spike in December Cold Snap

Questions over whether cold weather in New Mexico an 'emergency.'

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