Natural Gas

CERAWeek: No Short-Term Solution for European Gas Crisis, Says Tellurian CEO

Europeans are very lucky that it was a warm winter, panelists said at a CERAWeek session on Wednesday, referring to an ongoing natural gas crisis that start long before Russia invaded Ukraine.

US Natgas Up 2% on Big Storage Draw, Near Record LNG Exports

U.S. natural gas futures gained around 2% on Thursday as near-record LNG exports caused utilities to pull more of the fuel from storage than expected last week.

Russian Piped Gas Deliveries to Europe Remain Stable

The Yamal-Europe pipeline usually accounts for about 15% of Russia's supply of gas to Europe and Turkey but from December 21 until recently had been operating in reverse, which helped drive up European gas prices.

Shell Faces $400 Million Writedown on Russian Downstream Assets

In February, the oil major quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 LNG plant and the Nord Stream 2 pipeline project.

Gas Security a Growing Worry Due to Russia's Export Dominance

Energy industry leaders said the burgeoning energy crisis is more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia.

Remorseful Shell Abandons Russian Oil

Shell stopped buying Russian crude and said it would phase out its involvement in all Russian hydrocarbons from oil to natural gas over Ukraine, becoming one of the first major Western oil companies to abandon Russia entirely.

Enel Ready to Resume LNG Plan as Italy Steps Up Gas Hunt

Italy's biggest utility Enel is ready to dust off plans to build an LNG terminal in southern Italy as Rome steps up its efforts to find alternative supplies to replace Russian gas.

Europe's Plan to Wean Itself Off Russian Gas

The European Union laid out plans to cut its reliance on Russian gas by two-thirds this year and end it "well before 2030", in a bid to wrest countries free from depending on Moscow for energy.

Biden Bans Russia Oil Imports to US, Warns Gasoline Prices Will Rise Further

U.S. President Joe Biden has banned Russian oil and other energy imports in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices.

Venture Global Says Shell to Buy LNG from Louisiana Plaquemines Plant

U.S. LNG exporter Venture Global LNG said that oil and gas major Shell has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana.

Hess CEO: Petroleum Reserve Releases Should Double, Quadruple to Aid Markets

Energy consuming nations should release more crude oil from their strategic reserves to bring down the skyrocketing price of petroleum products, the CEO John Hess said.

Cheniere Signs EPC Contract for Corpus Christi Stage III Project

The Corpus Christi Stage III Project will consist of up to seven midscale trains, each with an expected liquefaction capacity of approximately 1.49 MTPA with a total production capacity of more than 10 MTPA.

Exxon Sues US Over Taxes Related to Gas Project in Qatar

Exxon Mobil Corp. filed a suit against the U.S. seeking a partial refund of $2.1 billion in taxes and penalties tied to a Middle East gas project in Qatar, according to a filing in U.S. district court in Dallas.

AGA Issues Concerns About New FERC Policies on Natural Gas

The American Gas Association expressed fears for the development of natural gas at the hands of FERC in a letter to Chairman Joe Manchin of the Senate Energy and Natural Resources Committee and Ranking Member John Barrasso.

Europe Must Urgently Cut Dependence on Russian Gas, Portugal Says

Europe must urgently diversify its natural gas supply sources to reduce its dependence on Russia, Portugal's energy secretary of state said, pointing to alternatives such as the U.S. and Qatar.

US Natgas Futures Ease with Drop in Global Oil, Gas Prices

The U.S. market continued its three-day streak of following sharp moves in European gas and global oil prices with the Russia-Ukraine conflict stoking energy supply concerns.

US Senators to Grill Regulators over Climate Policy on Natural Gas Projects

Top U.S. senators will grill Democratic energy regulators who approved guidelines for new natural gas projects that allow consideration of environmental justice, landowner and climate issues.

South Africa's Gigajoule to Import First LNG Cargo at New Mozambique Terminal by Mid-2025

The LNG terminal is expected to receive its first shipments of gas to a permanently moored floating storage and regasification unit in Matola harbor by mid-2025.

Russian Gas Flows Via Yamal Pipeline to Germany Halt, Bids Remain

Russian gas accounts for some 40% of European gas demand, while the Yamal-Europe pipeline usually accounts for about 15% of Russia's westbound supply of gas to Europe and Turkey.

TotalEnergies Could Lose S.Africa License If No Output Plan by Sept

TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September.

Sanctions on Russian Energy 'On the Table' - But Not Just Yet, US Says

The United States is open to imposing sanctions on Russia's oil and gas industry but going after its exports now could help Moscow, the White House said.

Nord Stream 2 AG Says Its Mobile, Fixed Network Lines Not Reachable, Shuts Website

The operator of the Russian Nord Stream 2 gas pipeline said its mobile and fixed network lines were not reachable for the time being and it had shut down its website amid hacking attacks.

Italy's Eni to Sell Stake in Blue Stream Pipeline Co-owned with Gazprom

Italian energy group Eni said it planned to sell its stake in the Blue Stream pipeline carrying Russian gas to Turkey that it co-owns with Russia's Gazprom.

Nord Stream 2 Owner Considers Insolvency After Pipeline Halt, Sanctions

The Swiss-based company is considering filing for insolvency as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.

Ukraine’s Oil and Gas Industry Supplies Only a Small Part of the Country’s Needs

Two major pipeline systems carry Russian gas through Ukraine to Western Europe. The Bratstvo pipeline crosses from Ukraine to Slovakia and the Soyuz pipeline links Russia’s pipelines to natural gas networks in central Asia.

Eastbound Gas Flows to Poland Resume Via Yamal-Europe Pipeline

A section of the Russian Yamal-Europe pipeline resumed eastbound gas delivery to Poland following normal, westbound supplies overnight, data from German network operator Gascade showed.

Shell to End Involvement with Nord Stream 2 Following Ukraine Invasion

Shell will also end its relationship with the flagship Sakhalin 2 LNG plant in which it holds a 27.5% stake, and which is 50% owned and operated by Russian gas giant Gazprom.

Ukraine’s Naftogaz Reports Close to Normal Operations

Ukrainian state oil and gas company, Naftogaz, is providing daily updates on their operations, at terminals, storage facilities and field operations, including wells and pipelines.

Frontier-Kemper to Construct Tunnel for Eagle Mountain - Woodfibre Gas Pipeline

Pre-construction activities, including design, procurement and construction planning, are expected to commence in March 2022 with construction anticipated to begin in early 2023.

Germany Winding Down Sanctions-Busting Pipeline Foundation

The commercial arm of the foundation was run by an individual appointed by Nord Stream 2 AG, whose identity is not known, and its operations were and remain a secret, despite being housed within a public foundation.