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The Latest Breaking News from Natural Gas

The US Industrial Complex Is Starting to Buckle From High Power Costs

Surging bills are forcing companies to scale back industrial operations, threatening a greater drag on the economy.

Businessweek

Few states have seen more major gas leaks than Georgia, report finds

Few states see more natural gas leaks from pipelines than Georgia does, according to a new analysis of federal incident data, leading to millions of dollars in damages and at least two deaths here since 2010.

Tribune News Service

NEPC okays extra LNG purchase

The National Energy Policy Council (NEPC) has approved a plan to buy an additional 1 million tonnes of liquefied natural gas (LNG) per year under a long-term purchase contract to relieve LNG price fluctuations, which affect national electricity generation costs.

Bangkok Post

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EXPLAINER: Fears of a natural gas emergency stalk Europe

The war in Ukraine is fueling fears of a natural gas emergency in Europe

The Independent UK

Moscow turns the screws on foreign firms over sanctions

Russia's establishment of a law requiring oil and natural gas development projects to be conducted by Russian companies indicates the government of President Vladimir Putin is strengthening its stance on shutting out foreign firms.

The Japan News/Yomiuri

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

Asharq Al-Awsat

Natural gas soars 700%, becoming driving force in the new cold war

One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from U.S. shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured.

Tribune News Service

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LNG, Natural Gas Stocks Mixed As Gas Prices Tumble

Natural gas stocks fell Tuesday, despite a tight global market, amid expectations that demand will contract in coming months.

Investors Business Daily

New Fortress Energy, Mexico's CFE Partner On Natural Gas Supply

New Fortress Energy Inc (NASDAQ:NFE) has entered into an agreement with Comisión Federal de Electricidad (CFE) as part of a growing strategic alliance. The agreement includes expanding and extending NFE's natural gas supply to multiple CFE power generation facilities in Baja California Sur, selling NFE's 135 MW La Paz power plant to CFE,…

Benzinga

European stock markets tumble on rising fears of recession

Euro slumps to 20-year low against US dollar as jump in natural gas prices intensifies economic strain

The Guardian - UK

Texans face skyrocketing home energy bills as the state exports more natural gas than ever

The cost of electricity in Texas is tightly tied to the price of natural gas, which has more than doubled since Russia invaded Ukraine in late February.

The Texas Tribune

Avila Energy Corporation, previously known as Petro Viking Energy Inc., is pleased to provide a Corporate Update to the Acquisition and Name Change

Calgary, Alberta – TheNewswire - June 27, 2022 – Avila Energy Corporation ("Avila" or the "Company") upon receiving Shareholder Approval at the AGM October 15, 2021, the Company formally filed the change of its name to Avila Energy Corporation effective December 3, 2021.

Benzinga

Regulator urges Germans to prepare for possible gas shortage

Fearing Russia might cut off natural gas supplies, the head of Germany’s regulatory agency for energy is calling on residents to save energy and to prepare for winter, when use increases

The Independent UK

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

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Bangkok Post

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.

Tribune News Service

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.

The Hindu

Land sought from KMML for city gas station: CM

GAIL pipeline will not be laid in 3 southern districts

The Guardian - US

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

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The Independent UK

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

Reuters

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.

Asharq Al-Awsat

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…

WEKU

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.

Asharq Al-Awsat

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,…

Axios

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.

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