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The Latest Breaking News from Natural Gas

Leak at Pennsylvania gas storage well spewing methane

A vent at an underground natural gas storage well in Western Pennsylvania has been spewing massive amounts of planet-warming methane into the atmosphere for more than 11 days and attempts to plug the leak have thus far failed

The Independent UK

Sweden confirms Nord Stream pipeline explosions were sabotage

Swedish investigators confirmed on Friday that the blasts that destroyed sections of the Nord Stream pipelines in September were sabotage, intended to damage the lines carrying natural gas from Russia to Germany under the Baltic Sea.

Radio France Internationale

Nord Stream blast was sabotage with remains of explosives found, Sweden says

Investigations look into holes along the gas pipelines linking Russia and Germany

The Independent UK

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High electricity bill? Ky. utility regulators are looking into that

WEKU

Why fixing methane leaks from the oil and gas industry can be a climate game-changer – one that pays for itself

What’s the cheapest, quickest way to reduce climate change without roiling the economy? In the United States, it may be by reducing methane emissions from the oil and gas industry.

The Conversation

Israel Allows TotalEnergies And Eni To Search For Gas Offshore After Lebanon Deal

Israel signed agreement to begin exploring natural gas within the framework of a historic maritime border agreement with Lebanon

Zenger

After years of construction, Shell ethane cracker starts up

Years in the works, a massive petrochemical refinery in western Pennsylvania fed by the vast natural gas reservoir underneath Appalachia is fully operational

The Independent UK

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Isreali Hydrocarbon Exploration And Production Company Announces New Gas Discovery Off Israeli Coast

Discovery of a commercially viable deposit of natural gas at Energean's Zeus-01 drilling site located off Israel's coast

Zenger

Germany completes construction of its first floating LNG terminal

Liquefied natural gas facility will be central to securing energy supplies this winter, says minister

The Guardian - UK

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

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

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Reuters

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.

WEKU

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.

The Conversation

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.

WEKU

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.

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The Guardian - UK

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

StockNews.com

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…

Reuters

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.

The Independent UK

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

WEKU

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.

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.

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