Gas

High export demand for LNG and higher domestic natural gas consumption pushed U.S. gas demand to higher levels than supply last year, resulting in the highest average Henry Hub spot price since 2008, the Federal Energy Regulatory Commission (FERC) said in its 2022 State of the Markets report. Yet, U.S. …

Germany has avoided a gas shortage this winter but “things could be different” next year and there’s no time for complacency, a top energy regulator said. “We can’t rule out a gas shortage situation for next winter,” Klaus Mueller, president of the federal network agency BNetzA, told the Rheinische Post. …

President of the EU Commission Ursula von der Leyen and NATO Secretary General Jens Stoltenberg visited the Troll A natural gas platform in Norway and called for increasing joint efforts for the security of Europe’s energy infrastructure on Friday. Norwegian Prime Minister Jonas Gahr Store, von der Leyen and Stoltenberg …

LNG deliveries to Europe and Turkey plummeted by almost 19% last week to nearly 3.2bcm as French strikes disrupted cargo arrivals, with supply expected to remain limited this week, Kpler ship tracking estimates showed on Monday. Almost 3.3bcm is forecast to be discharged from 37 vessels this week, with seven …

The EU is boosting its LNG import capacity and is ready to welcome even more LNG cargoes this year and in the coming years, Maros Sefcovic, European Commission Vice President for Interinstitutional Relations and Foresight, said on Thursday. The EU will soon have 35 LNG regasification terminals, up from 27 …

Norway has replaced Russia as the biggest gas supplier of Europe, said the EU Commissioner Kadri Simson, as she was addressing a committee meeting and a press conference in the European Parliament, Trend reports via the European Commission. “Since September 2022, Russian gas is about 8 percent of all pipeline …

The EU’s energy policy chief has called on European countries and companies to refrain from signing new contracts for the purchase of Russian liquefied natural gas (LNG). Earlier today, Kadri Simson, had a meeting with IEA’s Executive Director Fatih Birol – they both discussed the challenges in the European energy …

The European Union plans to expand its capacity to receive liquefied natural gas by almost a third by next year as it presses ahead with replacing pipeline supplies from Russia. The bloc will increase the number of LNG import terminals to 35 from 27, Maros Sefcovic, a vice president at …

An “equipment failure” has prompted the shutdown of a key UK-EU gas pipeline. Operator Interconnector Limited has confirmed that natural gas exports from the UK through Belgium to Europe have been halted due to equipment failure. The link runs from Bacton in the UK to Zeebrugge in Belgium and is …

European natural gas prices rebounded amid signs that colder-than-usual weather will extend into April, posing a potential pressure point for the region’s inventories. Benchmark futures gained as much as 3.2% on Tuesday after slumping to the lowest since August 2021 on Monday. Temperatures across northwest Europe and the Nordics are …