Natural Gas Prices Slide As Bearish News Continues To Mount

Natural Gas Prices Slide As Bearish News Continues To Mount

The US Henry Hub natural gas contract continued to sell off on Wednesday afternoon after having recorded steep losses at the beginning of the week. At 4:25 PM CT, front-month natural gas futures had fallen below $6 per MMBtu, trading at $5.865 per MMBtu, some 4.45% lower than at the beginning of the trading session. … Read more

Finland Braces For Rolling Blackouts This Winter

Finland Braces For Rolling Blackouts This Winter

Finland should be prepared for possible power outages this winter in case of shortfalls in electricity supply, the Finnish grid operator said on Tuesday, in yet another warning of an energy crunch in Europe after gas supply from Russia was severely reduced. In Finland’s case, Gazprom stopped in May all gas deliveries to Russia’s neighbor … Read more

Global Thirst For Natural Gas Triggers Middle East Spending Spree

Global Thirst For Natural Gas Triggers Middle East Spending Spree

The world’s top oil exporting region, the Middle East, is looking to boost natural gas production and exports as global and local gas demand is set to grow in the coming years. Qatar, one of the world’s largest exporters of liquefied natural gas (LNG), has been the gas leader in the Middle East for years, … Read more

Russia Says It Can’t Help With Nord Stream Gas Turbine Repairs

Russia Says It Can’t Help With Nord Stream Gas Turbine Repairs

There is little Russia can do to help with repairs of equipment at Nord Stream compressor stations, according to Kremlin spokesman Dmitry Peskov. The situation with the necessary repairs needs to be resolved, but Russia can do little in this regard, Peskov told Russian reporters on Monday. The Kremlin doesn’t have anything to add to … Read more

Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers. Tea significantly lower supply from Russia since last week and the upcoming annual maintenance at Nord … Read more

Qatar Expands LNG Capacity To Become Europe’s Emergency Gas Supplier

Qatar Expands LNG Capacity To Become Europe’s Emergency Gas Supplier

Following on from the recent signing by Qatar of a declaration of intent on energy cooperation with Germany aimed at becoming its key supplier of liquefied natural gas (LNG) going forward, the Emirate has now signed separate partnership deals with France’s TotalEnergies and Italy’s Eni for the US$30 billion North Field (or ‘Dome’) Expansion of … Read more

Italy May Declare State Of Alert If Russian Gas Cuts Persist

Italy May Declare State Of Alert If Russian Gas Cuts Persist

Italy may declare next week a state of alert if natural gas supplies from Russia continue to be limited, government sources told Reuters on Friday. Before the Russian invasion of Ukraine, Italy sourced around 40% of the gas it uses from Russia. Italy has sought to diversify its gas imports with more supply from North … Read more

Energy Crisis Hits European Factories Where It Hurts

Energy Crisis Hits European Factories Where It Hurts

European commodity producers and manufacturers are reeling from high energy prices, thanks in large part to the Ukraine crisis. Europe’s industrial energy costs have skyrocketed in the wake of Russia’s war on Ukraine, severely denting manufacturers’ ability to compete in the global marketplace, with natural gas three times more expensive in Europe than in the … Read more