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The Latest Breaking News from Natural Gas

Landmark UAE Gas Sales Agreement Signed between ADNOC, DUSUP

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). The agreement showcases the UAE’s…

Asharq Al-Awsat

3 Ways To Earn High Yields As Energy Prices Surge

As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (ARCA: XLE) fell by .80%.

Benzinga

EU Ministers Seek Ways to Face Energy Shock

EU energy ministers on Friday will attempt to forge a united response to the energy shock from Russia's war on Ukraine that has sent prices for electricity and heating skyrocketing. Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with…

Asharq Al-Awsat

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How to invest in natural gas

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

Evening Standard

'Harsh winter ahead' could stifle Scottish economic growth

Scotland’s productivity is the third highest off all UK regions and nations, yet still remains below the UK average

Insider UK

Record heat wave has California using more fossil fuels

The state has had to rely more on natural gas to produce electricity and avoid power outages even as Gov. Gavin Newsom moves toward ending the use of oil and gas.

Chicago Sun-Times

Heat wave puts California in fossil fuel conundrum

A record heat wave put California in a fossil fuel conundrum: The state has had to rely more heavily on natural gas to produce electricity and avoid power outages while Democratic Gov. Gavin Newsom’s administration moves toward ending the use of oil and gas

The Independent UK

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EU wants price cap on Russian gas, energy companies to pay

European Commission President Ursula von der Leyen says European Union countries should set a price cap on Russian natural gas

The Independent UK

R.I.P. Europe's energy system

Without Russian natural gas, Europe is rebuilding its energy system on the fly

Axios

Europe prepares for energy crisis as Russia slashes supplies of natural gas

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession.

France 24

Long winter ahead: PM Liz Truss faces energy crisis on day one

It's day one on the job for Britain's new prime minister and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. How to keep the lights on across the Channel? How to rein in inflation? As Europeans work to pool their energy purchases, tax windfall profits and…

France 24

Türkiye’s Erdogan Says ‘Europe Reaping What it Sowed’ on Energy Crisis

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is "reaping what it sowed". Fears in Europe have increased over a potentially bleak winter after Russia announced it was keeping its main gas pipeline to Germany…

Asharq Al-Awsat

Turkey's Erdogan says 'Europe reaping what it sowed' on energy crisis

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is "reaping what it sowed".

Reuters

EXPLAINER: Europe struggles with crisis as Russia cuts gas

Europe is struggling to contain an energy crisis as Russia throttles back supplies of natural gas

The Independent UK

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Reuters

Exclusive-Gazprom says Nord Stream 1 resumption depends on Siemens Energy

Russia's biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy repairs faulty equipment, Gazprom’s Deputy Chief Executive Vitaly Markelov told Reuters on Tuesday.

The Independent UK

Commissioner: EU to unveil new responses to energy crisis

The European commissioner for energy says the EU's next steps for addressing the continent’s worsening energy crisis following Russia’s invasion of Ukraine are expected to be unveiled next week

Asharq Al-Awsat

Russia Pockets $158 bn in Energy Exports after War

Russia has raked in a whopping 158 billion euros ($158 billion) in energy exports in the six months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday. The Centre for Research on Energy and Clean Air called for more effective sanctions…

Asharq Al-Awsat

Euro Plunges to 20-Year Low after Russian Gas Halt

The euro sank to a new 20-year low on Monday and below $0.99 after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the…

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Evening Standard

FTSE 100 Live: Pound around its lowest since the 1980s as Liz Truss is confirmed as the UK’s prime minister

Europe’s deepening energy crisis triggered more volatility for financial markets today, leading to fresh pressure for London-listed shares

Reuters

EU's Michel to discuss energy on Qatar trip this week - Qatari official

European Council President Charles Michel will hold talks with major gas producer Qatar on Europe's energy crisis during a visit to Doha this week, a Qatari government official said on Sunday.

Wales Online

Energy crisis: Why UK will be at mercy of international gas prices for years to come

Avoiding a significant gas supply emergency this winter will require the continued flow of some Russian gas to Europe

Reuters

Russia using energy as weapon, White House says about Nord Stream shutdown

Moscow is using energy as a tool to pressure Europe, the White House said about the delayed return of Gazprom's Nord Stream 1 natural gas pipeline, as Europe gets closer to a ban on oil imports from Russia.

The Independent UK

Russia’s Gazprom keeps gas pipeline to Germany switched off

Russian energy giant Gazprom says it can’t resume the supply of natural gas through a key pipeline to Germany for now because of what it said was a need for urgent maintenance work

The Independent UK

Russia’s Gazprom shuts European gas pipeline indefinitely as energy crisis escalates

The move proves Russia’s ‘cynicism’, says the EU

Reuters

Exclusive-Scientists detect second 'vast' methane leak at Pemex oil field in Mexico

Satellites recorded another large methane leak at an offshore platform belonging to Mexico's Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions.

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