Almost all stocks decline in a bear market, but pipeline companies are doing better than most. The reason is twofold. For starters, global demand for oil and natural gas is keeping their lines full and their pumps working at maximum capacity. There’s no indication this will end soon, even with growing talk of a recession. … Read more
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
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
When we see pictures of galaxies outside the Milky Way, what we’re usually looking at is primarily the light of their stars. But stars are far from the only ingredient that makes up a galaxy. Think of stars as the chunks of vegetables in the galactic soup. The broth, then, in which they float, is … Read more
Natural gas flows from Russia to Europe continued to dive on Friday, with buyers in Italy, Germany, Austria, and Slovakia receiving much lower volumes than usual. Gas flows to France from Germany have ceased completely. The cut in Russian gas deliveries to European customers, which have agreed to the ruble-to-gas scheme Putin has demanded, is … Read more
Freeport LNG has declared a force majeure on LNG exports from its Gulf Coast location until September, Bloomberg sources said on Friday. The company had reported earlier in the week that its Gulf Coast facility would be completely offline through September when it would operate in a partial capacity through the end of the year. … Read more
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
After plunging to a 5-week-low on Tuesday, natural gas prices in the US have ramped up again, gaining 4% on Wednesday on excessive temperatures expected to last through next week. By 3:05 pm CT, Henry Hub natural gas prices were at $7.514, up 4.52%, up over 109% year-to-date. July Nymex natural gas (NGN22) on Wednesday … Read more
A decimal makes all the difference. A gas station manager in Northern California learned this the hard way when he was fired after accidentally setting the gas price to 69 US cents a gallon, equivalent to approximately 20 cents per litre. According to an ABC affiliate local news station, John Szczecina, the manager of a … Read more
Freeport LNG will not resume full operations at its liquefication plant on Quintana Island until the end of this year, according to the company’s Tuesday press release. While China’s LNG demand may be calming the hot LNG market, news that Freeport LNG’s Texas plant will not resume full operations until late 2022 may upset the … Read more
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