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The Latest Breaking News from Natural Gas

Sanctions on Russia are increasing, not decreasing, its revenue

The European Union has just approved new sanctions against Russia, including a price cap on oil sales, following the United States’ Sept. 30 announcement of new economic sanctions. Both announcements are in response to Russia’s annexation of four regions of Ukraine.

The Conversation

Texas Indigenous leaders target banks in fight against natural gas export terminals in Rio Grande Valley

Since Congress lifted the U.S. oil export ban in 2015, three proposed LNG export facilities have fallen victim to the protest. But the war in Ukraine is an impetus for two remaining projects.

The Texas Tribune

Qatar Inaugurates Solar Plant as World Cup Approaches

Qatar inaugurated Tuesday its first solar power plant stretching across the desert, a vast site planned to provide up to 10 percent of the Gulf nation's energy supply. The solar farm in al-Kharsaah, west of the capital Doha, is "one of the biggest" in the Middle East, said Saad Sherida…

Asharq Al-Awsat

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The war in Urkaine is playing out in your power bill

The government forecasts broad increases for heating bills in the coming months.

Axios

Egypt Ready to Pump Natural Gas to Lebanon

Egypt confirmed its commitment and readiness to pump natural gas "immediately" to Lebanon as soon as the procedures related to the start of exporting and receiving Egyptian gas to Lebanese territory are completed. During a meeting with Lebanese caretaker Minister of Energy and Water Walid Fayyad in Cairo, Egyptian Minister…

Asharq Al-Awsat

Lebanese MP: Ukraine war sped up border deal with Israel

A prominent Lebanese legislator allied with the militant Hezbollah group says the war in Ukraine and rising demand for natural gas around the world has helped speed up a U.S.-mediated maritime border deal between Lebanon and Israel

The Independent UK

Climate Questions: What's going on with climate change?

Addressing climate change — a now ubiquitous term for the warming of the planet caused by humans emitting carbon dioxide and methane from coal, oil and natural gas into the atmosphere — is becoming exponentially more pressing, with the language of scientists, officials and activists becoming more serious with every…

The Independent UK

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SCN eyes gas growth in Japanese venture

SET-listed Scan Inter (SCN), a compressed natural gas seller and clean power operator, believes its two Japanese partners will help it increase sales of compressed natural gas under the Thai-Japan Gas Network (TJN) joint venture.

Bangkok Post

EU official: East Med gas can wean bloc off Russian energy

The European Union’s energy commissioner says natural gas from undersea deposits in the eastern Mediterranean can help replace Russia’s supply of the fossil fuel to Europe

The Independent UK

EU Official: East Med Gas Can Wean Bloc off Russian Energy

Natural gas from undersea deposits in the eastern Mediterranean can help replace Russia’s diminished supply of the fossil fuel to Europe at an “accelerated pace,” the European Union’s energy commissioner said Friday. Commissioner Kadri Simson told the East Mediterranean Gas Forum conference in the Cypriot capital, Nicosia, that the region…

Asharq Al-Awsat

Chicago may end natural gas hookups for new homes, businesses

The recommendation is among more than two dozen as Chicago tries to eliminate fossil fuel use.

Chicago Sun-Times

5 Energy Stocks You Should Continue to Buy Right Now

OPEC+ members recently announced their plan to cut output to support oil prices. With analysts expecting oil prices to hit the $100 mark once again, we think investors should load up on quality energy stocks TotalEnergies (TTE), Marathon Petroleum (MPC), Valero Energy (VLO), Energy Transfer (ET), and APA Corporation (APA).…

StockNews.com

Germany's Merkel defends decision to get Russian natural gas

Former German Chancellor Angela Merkel has defended decisions made during her tenure to buy natural gas from Russia

The Independent UK

Gloom oozes from energy forecasts that show oil demand dropping, heating bills rising

The weakening economy around the world will drive down demand for oil in the coming months, according to OPEC, while the U.S. government warns that households will pay more for heat this winter.

WEKU

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Reuters

Ukraine war to cut Europe's gas consumption for decades, consultancy says

Europe will more rapidly reduce its reliance on natural gas as a result of the war in Ukraine, replacing Russian energy and boosting the continent's security of supply, Norway-based consultancy DNV predicted on Wednesday.

WEKU

For Israel and Lebanon, a U.S.-mediated deal settles a long-running maritime dispute

After a decade of negotiations, this week's agreement resolves questions of who gets to drill for natural gas in disputed waters off the Mediterranean coast. But its implementation isn't a sure thing.

Dynamite News

Cabinet Okays Rs22k-cr One-Time Grant To 3 State-Run Oil Marketing Firms For Losses In LPG

The Cabinet on Wednesday approved the proposal of the ministry of petroleum and natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business. Read further on Dynamite News:

The Independent UK

German government: Economy to shrink in 2023 as war bites

The German government has slashed its growth forecast for this year and predicted that Europe’s biggest economy would shrink in 2023 as it deals with the fallout from Russia’s war in Ukraine, including Moscow cutting off natural gas supplies

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France 24

‘Drowning in bad publicity’: Has Qatar’s World Cup soft power push backfired?

Qatar has received an avalanche of bad publicity ahead of hosting the World Cup in November and December. The football extravaganza has prompted Western media and NGOs to decry the desert nation’s human rights record, notably concerning the treatment of migrant workers. But while this may dent Qatar’s soft power,…

The Independent UK

EU countries turn to Africa in bid to replace Russian gas

European leaders are turning to Africa for more natural gas as they try to replace Russian energy amid the war in Ukraine

Reuters

Analysis-Russian gas supply gap casts chill in Europe as winter nears

Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian supply would make power rationing or blackouts all but inevitable.

The Independent UK

Austria sues EU executive over green label for gas, nuclear

Austria says it has filed a legal complaint with the European Union’s top court over plans by the bloc’s executive branch to label natural gas and nuclear power generation as sustainable energies

StockNews.com

1 Energy Stock to Buy That's Been Getting a Lot of Attention on Wall Street

Leading Oil & Gas company Energy Transfer (ET) delivered a strong performance in its last reported quarter and increased its fiscal 2022 full-year guidance. Moreover, continued energy demand, new strategic partnerships, and acquisitions are expected to boost the company’s prospects. Considering ET’s high dividend yield, this stock is getting much…

Bangkok Post

SCN close to sealing asset acquisitions

SET-listed Scan Inter (SCN), a compressed natural gas seller and clean power operator, expects to close two new asset acquisition deals, including a rooftop solar panel business, early next year.

Asharq Al-Awsat

Putin Orders More Security for Crimea Bridge, Energy Supplies

Russian President Vladimir Putin on Saturday ordered tighter security for the bridge from Russia to Crimea as well as the infrastructure supplying electricity and natural gas to the peninsula, Interfax said. In a decree issued hours after the bridge was damaged by a blast, Putin said the FSB security service…

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