Gas

The European Union is looking for legal ways to tear long-term natural gas supply contracts with Russia’s Gazprom without having to pay sizable penalties, the Financial Times has reported, citing three officials from the European Commission as saying the leading option was declaring a force majeure. “If the whole idea …

European Union member states on Friday agreed to give more flexibility to the natural gas storage goals by expanding the period in which countries should have 90% full storage ahead of the winter and could deviate by up to 10% from the filling target. The EU supported the European Commission’s …

BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. Reported upstream production in the first quarter is expected to be lower compared to the …

The trade war is prompting China’s LNG buyers to resell the cargoes they are buying from the U.S. as Chinese tariffs on American goods are raising the costs of U.S. LNG imports, analysts and traders have told Reuters. LNG import demand in China has been weaker this year amid comfortably …

South Korea has thrown in the towel without a fight after the U.S. slapped tariffs on all of the country’s trade partners. Seoul is looking at more LNG imports to get Washington to drop the new tariffs. Per a Bloomberg report, the South Korean government is working on several packages …

The U.S. is set to see a 19% increase in liquefied natural gas (LNG) exports, reaching 14.2 billion cubic feet per day (Bcf/d) in 2025, according to the U.S. Energy Information Administration’s (EIA) March 2025 Short-Term Energy Outlook (STEO), Trend reports. This growth is primarily fueled by the launch of …

Arctic LNG 2, the processing and export facility that was billed as Russia’s flagship LNG project, has gradually resumed gas processing after months of hiatus, Reuters reported on Tuesday, citing industry sources and satellite images. Arctic LNG 2 has been under U.S. and EU sanctions since last year, and the …

Up to the last days of the Russia-Ukraine natural gas transit deal, the European Union remained reliant on Russia for about a fifth of its gas imports, based on an official report. Russia accounted for 19 percent or 13.4 billion cubic meters (473.22 billion cubic feet) of EU gas imports …

Coal-fired power generation in the United States jumped at the start of the year, but no thanks to President Donald Trump’s push for “beautiful, clean” coal. The coldest winter in six years boosted electricity demand, while the surge in natural gas prices made gas-fired generation more expensive than coal. As …

Europe’s benchmark natural gas prices fell on Wednesday for a second consecutive day amid milder weather and increasing LNG supply as Chinese demand weakens. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, fell by 1.5% at $44.19 (40.92 euros) per megawatt-hour (MWh) as of 9:18 a.m. in …