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The Latest Breaking News from Natural Gas

World is in its 'first truly global energy crisis' - IEA's Birol

Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", the head of the International Energy Agency (IEA) said on Tuesday.

Reuters

EU energy ministers seek way forward for more energy unity

European Union energy ministers are seeking some common ground to flesh out the barest of tentative agreements that their leaders could find last week to soften the blow of the energy crisis while maintaining a united front during Russia’s war in Ukraine

The Independent UK

Texas natural gas drops toward zero as output swamps pipelines

Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.

Tribune News Service

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European gas prices plunge to lowest since June due to mild weather and full storage tanks OLD

Price 70 per cent lower than in August but still much higher than over past 10 years

The Independent UK

Reliance to commission new gas condensate field by year-end

NEW DELHI: Reliance Industries Ltd will commission its deepwater MJ gas condensate field in Bay of Bengal block KG-D6 by year end, boosting natural gas output to 30 per cent of India's total.

The Times of India

QatarEnergy Names Shell Partner for LNG Expansion Project

QatarEnergy's chief executive on Sunday named Shell a partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for…

Asharq Al-Awsat

Luke Warford tries to break the Republican hold on the Railroad Commission by focusing on the power grid and climate change

One of three seats on the Texas Railroad Commission, which oversees the oil and gas industry, is up for grabs this election. Democrat Luke Warford is betting his campaign on the issues of electric grid reliability, regulatory enforcement and reducing emissions.

The Texas Tribune

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Could the US restrict energy exports amid the global crisis?

The global energy crisis is weighing on households and businesses around the world. The US is more insulated from the high prices because it's a net exporter of energy, and American producers have boosted shipments of liquefied natural gas (LNG) to Europe. But energy and finance analyst Clark Williams-Derry says…

France 24

3 Energy Stocks Not Worth The Money

President Biden has announced a sale of U.S. strategic reserves to bring down gas prices, while OPEC has slashed its oil demand growth estimates. Amid this, we believe fundamentally weak energy stocks Frontline (FRO), Tellurian (TELL), and Camber Energy (CEI) might be best avoided. Read on….

StockNews.com

Spain, Portugal eased energy prices. Can they teach the EU?

Households and businesses across Europe have struggled with high electricity prices for months, though they have fallen since late August peaks

The Independent UK

Nigerian firm says it can't ship natural gas after flooding

A major Nigerian energy company says it can't deliver natural gas as promised in its contracts after deadly flooding hindered its operations

The Independent UK

Study: Solar and wind energy saved Texas customers more than $7 billion in 2022 so far

Solar and wind energy saved Texans nearly $1 billion a month this year in electricity costs, according to a recent clean energy study from energy system analysis group IdeaSmiths LLC.

Tribune News Service

An Energy Caucus Lawmaker Is Buying Up Energy Stocks With Big Yields: Here Are Three You Should Know About

Kevin Hern is a member of the Republican party and a member of the U.S. House of Representatives for Oklahoma's 1st Congressional District. Rep.

Benzinga

EU leaders united against Russia, divided over energy summit

European Union leaders head into Thursday's energy summit looking for joint measures to contain an energy crisis that has already dented their economy and threatens to spread more hardship this winter

The Independent UK

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Asharq Al-Awsat

QatarEnergy Has No Intentions to Increase EU Gas Supply Next Winter

QatarEnergy is working on expanding its gas production and trading operations as global demand surges and will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe this winter, announced CEO Saad al-Kaabi. Qatar is already among the world's top LNG exporters, and several European states, facing a…

Texas Observer

Indigenous Leaders Fight to Keep Natural Gas Pipelines Off Sacred Lands

Carrizo Comecrudo members have beaten three proposed natural gas export terminals. But two projects remain, fueled by the war in Ukraine.

The Conversation

Sanctions on Russia are increasing, not decreasing, its revenue

The European Union has just approved new sanctions against Russia, including a price cap on oil sales, following the United States’ Sept. 30 announcement of new economic sanctions. Both announcements are in response to Russia’s annexation of four regions of Ukraine.

The Texas Tribune

Texas Indigenous leaders target banks in fight against natural gas export terminals in Rio Grande Valley

Since Congress lifted the U.S. oil export ban in 2015, three proposed LNG export facilities have fallen victim to the protest. But the war in Ukraine is an impetus for two remaining projects.

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news in one place.

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Asharq Al-Awsat

Qatar Inaugurates Solar Plant as World Cup Approaches

Qatar inaugurated Tuesday its first solar power plant stretching across the desert, a vast site planned to provide up to 10 percent of the Gulf nation's energy supply. The solar farm in al-Kharsaah, west of the capital Doha, is "one of the biggest" in the Middle East, said Saad Sherida…

Axios

The war in Urkaine is playing out in your power bill

The government forecasts broad increases for heating bills in the coming months.

Asharq Al-Awsat

Egypt Ready to Pump Natural Gas to Lebanon

Egypt confirmed its commitment and readiness to pump natural gas "immediately" to Lebanon as soon as the procedures related to the start of exporting and receiving Egyptian gas to Lebanese territory are completed. During a meeting with Lebanese caretaker Minister of Energy and Water Walid Fayyad in Cairo, Egyptian Minister…

The Independent UK

Lebanese MP: Ukraine war sped up border deal with Israel

A prominent Lebanese legislator allied with the militant Hezbollah group says the war in Ukraine and rising demand for natural gas around the world has helped speed up a U.S.-mediated maritime border deal between Lebanon and Israel

The Independent UK

Climate Questions: What's going on with climate change?

Addressing climate change — a now ubiquitous term for the warming of the planet caused by humans emitting carbon dioxide and methane from coal, oil and natural gas into the atmosphere — is becoming exponentially more pressing, with the language of scientists, officials and activists becoming more serious with every…

Bangkok Post

SCN eyes gas growth in Japanese venture

SET-listed Scan Inter (SCN), a compressed natural gas seller and clean power operator, believes its two Japanese partners will help it increase sales of compressed natural gas under the Thai-Japan Gas Network (TJN) joint venture.

The Independent UK

EU official: East Med gas can wean bloc off Russian energy

The European Union’s energy commissioner says natural gas from undersea deposits in the eastern Mediterranean can help replace Russia’s supply of the fossil fuel to Europe

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