Gas

The United States and its natural gas have been vital for Europe’s attempt to fill its gas storage ahead of this winter season. Yet record U.S. LNG exports have led to a surge in domestic gas prices. The boomerang is coming back. When President Joe Biden promised the European Union …

Italian Minister for Ecological Transition Roberto Cingolani said the European Union should introduce a cap on gas prices for exporters across the board as targeting Russia’s dwindling gas exports to Europe “makes no sense.” “Capping only Russian gas makes no sense. It is currently delivered to Europe in very small …

Germany’s energy crunch is forcing it to sign fossil-fuel contracts that last decades as the country balances keeping the lights on and homes heated against meeting environmental targets. Energy providers from Uniper SE to RWE AG have signed long-term agreements with liquefied natural gas suppliers, especially in the US, with …

China is lapping up liquefied natural gas shipments from Russia on the cheap. The Sakhalin-2 LNG export plant in Russia’s Far East sold several shipments to China for delivery through December at nearly half the current spot price in a tender that closed earlier this week, according to traders with …

Two floating liquefied natural gas terminals are setting up in a Dutch port, the first in a wave of the specialist tankers that Europe is banking on to ease the worst energy crunch in decades. The Golar Igloo and the Eemshaven LNG are currently berthed together in the northern seaport …

France has come out in favor of imposing an EU-wide price cap on gas supply from Russia and a windfall tax on excess energy profits as Europe looks to reign in sky-high energy costs and respond to provocations from Moscow. European leaders are fighting to contain an energy crisis that …

China’s biggest energy groups are diverting more liquefied natural gas away from their languishing home market, offering some relief to desperate buyers suffering supply shortages in other parts of the world. Cnooc is offering to sell an LNG cargo for November loading from the North West Shelf export project in …

The Netherlands will reach the European Union target of filling up gas storage sites to 80% capacity as early as next week, according to its energy minister. “I expect the Netherlands to reach the 80% target in the upcoming days, next week,” the Dutch Minister for Climate and Energy Policy …

European natural gas prices could approach highs set in August after Russia said its key pipeline to Europe won’t resume flows as planned, according to Goldman Sachs Group Inc. The news will probably “reignite market uncertainty regarding the region’s ability to manage storage through winter” and is set to drive …

As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. Yet the plan, with the first floating …