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The Latest Breaking News from Natural Gas

Lebanon: US Ensures Egypt, Jordan are Exempted from Caesar Act on Gas Deal

The US Ambassador to Lebanon Dorothy Shea assured that progress has been made on the agreement to secure Egypt and Jordan from the Caesar Act in order to deliver natural gas to cash-strapped Lebanon. Shea made her assurance during a meeting with Lebanon’s caretaker Energy Minister Walid Fayyad on Friday.…

Asharq Al-Awsat

Banpu completes Texas gas field acquisition

The SET-listed energy company Banpu Plc says it has completed the acquisition of natural gas and midstream assets in a shale field in the US state of Texas from two subsidiaries of Exxon Mobil Corporation.

Bangkok Post

For the first time, US is sending more gas to Europe than Russia

For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency.

Tribune News Service

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Land sought from KMML for city gas station: CM

GAIL pipeline will not be laid in 3 southern districts

The Hindu

How the gas industry aims to rebrand as ‘clean’ energy to appeal to Black and Latino voters

Pipeline companies facing opposition in blue states have launched a $10m PR campaign targeting the Democratic base

The Guardian - US

Climate concerns grow as US helps Europe replace Russian gas

President Joe Biden’s point man for global energy problems knows, he says, that transitioning away from the climate-wrecking pollution of fossil fuels is the only way to go

The Independent UK

German porcelain maker faces fragile future due to Ukraine war

For family-owned German porcelain maker Kahla the recent cuts in Russian natural gas supply to Germany and high energy prices due to the Ukraine war pose a looming existential threat.

Reuters

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Spain Begins Natural Gas Exports to Morocco

Natural gas has started flowing from Spain towards Morocco through a pipeline that stopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday. Algeria decided last year not to extend a deal to export gas through a pipeline…

Asharq Al-Awsat

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

WEKU

Egypt: BP Awarded New Offshore Exploration Block in Western Mediterranean

BP has won gas exploring rights in Egypt's offshore King Mariout concession in the western Mediterranean, the British-based company said in a statement on Tuesday. This comes following its successful participation in 2021’s limited bid round organized by the Egyptian Natural Gas Holding Company. The concession area is located approximately…

Asharq Al-Awsat

Saudi Shura Approves Real Estate Contribution, Energy Supply Regulations

The Saudi Shura Council approved new laws regulating the energy supply system, real estate contributions, and the sale and lease of real estate projects. The energy supply system regulation aims to allocate all types of energy to its consumers in electricity, crude oil refining, petrochemical production, water desalination, industry, mining,…

Asharq Al-Awsat

Leaders stare down energy and climate tug of war at G7 summit

Short-term pressures to cut energy costs may yield a less climate friendly G7 outcome.

Axios

EU countries adopt mandatory gas storage amid Russia's cuts

EU countries have agreed that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries

The Independent UK

Ameren aims to build natural gas power plant by 2031 amid push away from coal

ST. LOUIS — Ameren announced plans Thursday to build a large power plant within the next decade that runs on natural gas — even as the utility aims to accelerate its shift toward carbon neutrality.

St. Louis Post-Dispatch

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The Independent UK

Solidarity behind Ukraine's Russia fight atop summit agendas

Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden

Bangkok Post

Asia LNG spot prices continue rising

LONDON: Asian liquefied natural gas (LNG) spot prices continued its upward trend this week as fears of further market tightening following a major outage at a Freeport plant and reduced Russian gas flows to Europe pushed buyers to cover short-term needs.

Reason

'Green' Germany Prepares To Fire Up the Coal Furnaces

Strongly held wishes and pixie dust won’t deliver a green utopia.

Tribune News Service

World’s dirtiest oil and gas fields are in Russia, Turkmenistan and Texas

Oil and natural gas fields in Russia, Turkmenistan and Texas are the most climate-damaging on Earth, according to a first-of-its kind analysis that looks at greenhouse-gas emissions across entire supply chains and finds they vary widely. The dirtiest fields emit more than 10 times as much carbon dioxide equivalent as…

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France 24

Germany takes step towards gas rationing as supplies dwindle

Germany has taken a step towards rationing natural gas by activating the second of three stages in an emergency plan. Officials say that since Russia reduced supplies, gas is now a "scarce commodity". Also in the show: the UK is hit by a second day of rail strikes over job…

Benzinga

US LNG Exports To China Plummet By 95%: What You Need To Know

U.S. exports of liquefied natural gas (LNG) to China between February and April is down by 95% from the same period one year earlier, according to a Wall Street Journal analysis of Chinese government data.

StockNews.com

5 Falling Stocks That Are Still Top Rated

The major stock market indexes have tumbled over fears of aggressive interest rate hikes by the Fed to control the multi-decade high inflation and an imminent recession. This market correction has led to shares of many economically-vital companies losing significantly. Shell (SHEL), Cheniere Energy (LNG), QUALCOMM (QCOM), AT&T (T), and…

Asharq Al-Awsat

Germany Faces Gas Supply 'Crisis,' Declares Alarm Level

Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia. The government said the decision to raise the level to “alarm” follows…

The Independent UK

Germany faces gas supply 'crisis,' declares alarm level

Germany has activated the second phase of its three-stage emergency plan for natural gas supplies, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia

Benzinga

Navios Maritime Partners Acquires Two Newbuilding LNG Dual Fuel Containerships

Navios Maritime Partners L.P. (NYSE:NMM) has agreed to purchase two liquified natural gas (LNG) dual-fuel 7,700 TEU containerships for an aggregate purchase price of $241.2 million. The vessels are expected to be delivered into the fleet in 4Q24. In addition, Navios Partners has secured a two-month option for two additional LNG dual-fuel 7,700…

The Guardian - UK

What happens if Russia turns off Europe’s gas supply this winter?

European countries are racing to prepare for the risk of Russia cutting gas exports. Here’s how things look

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