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The Latest Breaking News from Natural Gas

Heat wave puts California in fossil fuel conundrum

A record heat wave put California in a fossil fuel conundrum: The state has had to rely more heavily on natural gas to produce electricity and avoid power outages while Democratic Gov. Gavin Newsom’s administration moves toward ending the use of oil and gas

The Independent UK

EU wants price cap on Russian gas, energy companies to pay

European Commission President Ursula von der Leyen says European Union countries should set a price cap on Russian natural gas

The Independent UK

R.I.P. Europe's energy system

Without Russian natural gas, Europe is rebuilding its energy system on the fly

Axios

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Europe prepares for energy crisis as Russia slashes supplies of natural gas

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession.

France 24

Long winter ahead: PM Liz Truss faces energy crisis on day one

It's day one on the job for Britain's new prime minister and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. How to keep the lights on across the Channel? How to rein in inflation? As Europeans work to pool their energy purchases, tax windfall profits and…

France 24

Türkiye’s Erdogan Says ‘Europe Reaping What it Sowed’ on Energy Crisis

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is "reaping what it sowed". Fears in Europe have increased over a potentially bleak winter after Russia announced it was keeping its main gas pipeline to Germany…

Asharq Al-Awsat

Turkey's Erdogan says 'Europe reaping what it sowed' on energy crisis

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is "reaping what it sowed".

Reuters

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EXPLAINER: Europe struggles with crisis as Russia cuts gas

Europe is struggling to contain an energy crisis as Russia throttles back supplies of natural gas

The Independent UK

Stock Market Today - 9/6: Stocks End Lower, Dollar Gains As Europe's Energy Crisis Deepens: Fed In Focus

The dollar's unstoppable surge continued Tuesday, lifting the greenback to a fresh 20-year high against a basket of its major global currency peers.

The Street

Exclusive-Gazprom says Nord Stream 1 resumption depends on Siemens Energy

Russia's biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy repairs faulty equipment, Gazprom’s Deputy Chief Executive Vitaly Markelov told Reuters on Tuesday.

Reuters

Commissioner: EU to unveil new responses to energy crisis

The European commissioner for energy says the EU's next steps for addressing the continent’s worsening energy crisis following Russia’s invasion of Ukraine are expected to be unveiled next week

The Independent UK

Russia Pockets $158 bn in Energy Exports after War

Russia has raked in a whopping 158 billion euros ($158 billion) in energy exports in the six months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday. The Centre for Research on Energy and Clean Air called for more effective sanctions…

Asharq Al-Awsat

Euro Plunges to 20-Year Low after Russian Gas Halt

The euro sank to a new 20-year low on Monday and below $0.99 after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the…

Asharq Al-Awsat

FTSE 100 Live: Pound around its lowest since the 1980s as Liz Truss is confirmed as the UK’s prime minister

Europe’s deepening energy crisis triggered more volatility for financial markets today, leading to fresh pressure for London-listed shares

Evening Standard

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Reuters

EU's Michel to discuss energy on Qatar trip this week - Qatari official

European Council President Charles Michel will hold talks with major gas producer Qatar on Europe's energy crisis during a visit to Doha this week, a Qatari government official said on Sunday.

Wales Online

Energy crisis: Why UK will be at mercy of international gas prices for years to come

Avoiding a significant gas supply emergency this winter will require the continued flow of some Russian gas to Europe

Reuters

Russia using energy as weapon, White House says about Nord Stream shutdown

Moscow is using energy as a tool to pressure Europe, the White House said about the delayed return of Gazprom's Nord Stream 1 natural gas pipeline, as Europe gets closer to a ban on oil imports from Russia.

The Independent UK

Russia’s Gazprom keeps gas pipeline to Germany switched off

Russian energy giant Gazprom says it can’t resume the supply of natural gas through a key pipeline to Germany for now because of what it said was a need for urgent maintenance work

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Investors Business Daily

Stock Market Erases Morning Gains On Russian Pipeline Retaliation

The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeline shipments to Germany. The Nasdaq changed course, now down 0.5%. The S&P 500 has shed 0.2% while…

The Independent UK

Russia’s Gazprom shuts European gas pipeline indefinitely as energy crisis escalates

The move proves Russia’s ‘cynicism’, says the EU

Reuters

Exclusive-Scientists detect second 'vast' methane leak at Pemex oil field in Mexico

Satellites recorded another large methane leak at an offshore platform belonging to Mexico's Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions.

Investors Business Daily

Oil Prices Erase Gains Despite Surprise OPEC+ Production Cut

Oil prices erased Monday's initial gains despite OPEC+ unexpectedly agreeing to trim production quotas. This may have little impact on output.

The Conversation

Energy crisis: why the UK will be at the mercy of international gas prices for years to come

The UK is trying to ensure households and businesses have enough energy this winter by turning to international markets buoyed by booming US liquefied natural gas (LNG) supply, and reinstating retired storage capabilities. But the impact of Russia’s recent decision to switch off its Nord Stream 1 pipeline has proven…

Evening Standard

What is Nord Stream 1? Russia turns off natural gas pipeline

Everything we need to know about Nord Stream 1

The Independent UK

Russia temporarily stops gas flow through Nord Stream 1

Russia’s Gazprom has stopped the flow of natural gas through a major pipeline from Russia to Europe as it had announced in advance

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