Gas

European natural gas prices rose after a second straight weekly decline, as another spell of colder weather passes through the region. Temperatures across the continent are forecast to drop again this week. Together with some project maintenance in Norway in the coming days, there could be an upside for near-term …

Moscow may seek compensation over damage from last year’s explosions on the Nord Stream gas pipelines, news agency RIA Novosti reported on Monday, citing a Russian diplomat, who also said that the future of the projects was unknown. The pipelines, which connect Russia and Germany under the Baltic Sea, were …

Natural gas prices are up on the day, but they are once again down on the week—the third week running—as unseasonably warm weather dampened prospects for one more demand push in the United States. Natural gas prices were trading up on the day to $2.191 (+1.81%), but prices week to …

Spain, the biggest European buyer of liquefied natural gas from Russia, is urging importers not to sign new contracts with Moscow as it seeks to crimp revenues for the Kremlin’s war machine. LNG importers in Spain received a letter from the government asking companies not to sign up to new …

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 …