Gas

Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a US move against Iran. The US decided earlier in March not to renew a waiver that allowed Iraq to buy electricity …

China has not received a single cargo of U.S. liquefied natural gas in 40 days and there are currently no LNG tankers en route to the country, Bloomberg has reported, citing data it compiled from ship-tracking information providers and energy analytics provider Kpler. The purchase freeze was the result of …

Ideas to resurrect the Nord Stream gas pipelines from Russia to Germany are the “wrong direction of discussion”, Germany’s outgoing economy and energy minister Robert Habeck said on Monday. “The Ukrainians are still under the aggression of Russia. So I think talking about the potential of Nord Stream 2 or …

EU member states are considering softening the bloc’s binding gas storage targets in order to avoid sending gas prices soaring again ahead of what is anticipated to be a difficult year, Reuters reported on March 16. The EU’s storage tanks are expected to end this heating season only 35% full, …

Once upon a time, in the not-so-distant past, the United States was the world’s largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. But the script has since flipped. Thanks to the shale revolution and a penchant for hydraulic fracturing (fracking), the …

Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand. Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of …

While the slowdown in U.S. oil production continues, rallying natural gas prices are setting the stage for a rebound in America’s gas output this year, following months of output curtailments in 2024. Slowing natural gas production last year, fast-depleting inventories during the coldest winter in years, and record-high flows to …

Liquefied natural gas imports to China slumped to the lowest since 2020 in February, at 4.5 million tons, Kpler data showed, as reported by Bloomberg. A relatively warm February contributed to the weaker demand, which led to China slipping to the global number-two spot in LNG imports, overtaken by energy-hungry …

The premium of natural gas for delivery in Europe this summer over the futures prices for next winter has plunged in recent days amid milder temperatures and talks on ending the war in Ukraine. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, slumped by 3.7% for the …

Europe has been importing growing volumes of liquefied natural gas from Russia and should consider replacing these with supply from other sources, including Qatar, according to Fatih Birol, Executive Director of the International Energy Agency (IEA). “Europe has been importing a lot of Russian LNG to help its economies,” Birol …