Day: February 20, 2023

The UK government’s support to businesses to cope with the jump in energy bills is set to be slashed significantly from April, which will raise energy costs for industries by around 80% and put British businesses at an even greater disadvantage to comp…

Australia needs urgent investment in renewable energy generation and energy storage to avoid issues with grid reliability from 2025, the Australian Energy Market Operator (AEMO) said on Tuesday. In an update to the 2022 Electricity Statement of Opportu…

Many people underappreciate the vulnerability of the West’s nuclear industry to Russia, and the sector may be about to become embroiled in the Russia-West economic conflict. The EU is debating sanctioning Russia’s nuclear sector, with the EU parliament…

The mammoth profits of the world’s oil and gas giants will pass £200bn when Saudi Aramco unveil their record results next month – with the state-backed energy titan on course to post the most lucrative results in the history of business. Closer to home…

Internal tensions are rising within the Net-Zero Banking Alliance, an offshoot of the Glasgow Financial Alliance for Net Zero, as transition-focused members get annoyed that less conscientious ones are being allowed to continue financing oil and gas. A…

Russia has repeated a call on Sweden to share its findings from an investigation into the blasts that put the Nord Stream 1 pipeline out of commission and damaged the brand-new Nord Stream 2. The UN Security Council is set to meet on Tuesday and could …

Tohoku University researchers drilling into the magnesium hydride hydrogen storage concept are zeroing into the problems. Magnesium hydride has long been touted for its potential to store large amounts of hydrogen, something essential if hydrogen is to…

Via AG Metal Miner The Stainless Monthly Metals Index (MMI) rose 5.82% from January to February as the nickel price index lost upward momentum. Nickel prices returned sideways in the short term after finding a peak in January. Since the price has not b…

With India gearing up for massive power usage in the second quarter, the government will utilize an emergency law that will demand maximum output from power plants running on imported coal, Reuters reports, citing the Indian power ministry. The emergen…

Monday’s meeting of European Union foreign ministers failed to lead to the adoption of rules for a phase-out of fossil fuels as European countries argue over the categorization of nuclear energy as part of the energy transition.  The meeting was intend…

Iran will raise the price at which it sells crude oil to Asia next month, Reuters has reported, citing an unnamed source. According to the source, Iran Light will sell for $2 per barrel above the Dubai/Oman average in March, which is a $0.20-per-barrel…

Police in Uzbekistan say they have arrested three men for plotting to sell homemade devices containing mercury and weapons-grade radioactive material for $1 million.  The group was caught in a sting operation while attempting to sell a device containin…

Complex, tightly networked systems run very efficiently and can work with precision for long periods, until they don’t. Money saved on the front end can be lost in one catastrophic accident. There is no better recent example than the derailment of a No…

Police in Uzbekistan say they have arrested three men for plotting to sell homemade devices containing mercury and weapons-grade radioactive material for $1 million.  The group was caught in a sting operation while attempting to sell a device containin…

The national average price for a gallon of gasoline in the United States appears to be holding steady, but consumers out West are seeing hikes, Gas Buddy said in a Monday note— and prices across the country may rise starting next month. The national av…

The national average price for a gallon of gasoline in the United States appears to be holding steady, but consumers out West are seeing hikes, Gas Buddy said in a Monday note— and prices across the country may rise starting next month. The national av…

China is the largest market for electric vehicles in the world. Germany was the second until the US just displaced Europe’s largest economy as EV sales accelerated.  BloombergNEF data shows the US is now the world’s second-largest EV market, shifting G…

Greece has concluded two-dimensional (2D) seismic surveys for two offshore blocks off the island of Crete, under its renewed drive to identify potential gas reserves, the state-owned energy resources company said on Monday.

Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17, the highest level in more than a month, according to shipment tracking data compiled by Bloomberg. All export terminals on the Russian B…

Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17, the highest level in more than a month, according to shipment tracking data compiled by Bloomberg. All export terminals on the Russian B…

Global oil demand surged by 1.3 million barrels per day (bpd) to a new record high in December, with total demand at 102% above the pre-Covid levels in December 2019, data from the Joint Organizations Data Initiative (JODI) showed on Monday.   Rising c…

The OPEC+ alliance bases its decisions on oil market fundamentals, not on political bias, the energy minister of OPEC’s de facto leader, Saudi Arabia, said on Monday, reiterating previous comments from OPEC+ that it is looking at the markets when agree…

International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new liquefied natural gas (LNG) is coming to the market while China’s consumption is set to rise this year. [image credit: IEA]

The Biden Administration has destroyed everything it has touched, spreading the rot of corruption everywhere imaginable, including supposedly independent FERC. Continue reading →

The post FERC Is Now Rotten. Is There Nothing Biden Hasn’t Polluted? appeared first on Natural Gas Now.

The LNG imports cost $1.6bn last month.

Using the discovered gas to offset imports and cover domestic demand will eventually bring energy prices down, improve Turkey’s energy security, diversify its energy sources, improve its foreign currency balances and help improve its economy. [Gas in T…

Australia’s main energy trade partners and allies are increasingly concerned about the latest proposals for energy market interventions in Australia, which could also undermine new investment plans in Australian natural gas and other energy resources. …

German Economy Minister Robert Habeck on Monday said that a process to adjust the country’s electricity market design to plans for large reliance on renewable power by the end of the decade will be swift.

The renewable energy industry in China faces hurdles in land access and access to the grid, and despite the rapid development, it still needs policy support to overcome those issues, China’s National Energy Administration (NEA) said on Monday. Large-sc…

Metering errors account for around 40% of the crude oil losses in Nigeria’s production generally attributed to oil theft, according to the head of the Nigerian upstream watchdog. A forensic audit on the scale of crude theft, conducted by the Nigerian U…

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Lithium, Pittsburgh Airport, MWCD and much more last week. Continue reading →

The post Shale Gas News – February 18, 2023 appeared first on Natural Gas Now.

Israel Natural Gas Lines Ltd. (the “Company”), is an Israeli company wholly owned by the government of the State of Israel, licensed for erecting and operating the Israeli natural gas transmission system.

With a little over a month to go for peak shopping season during Ramadan, the head of Pakistan’s retail industry body is shuttling between meetings, pressing officials to relax orders that forced malls to shut by 8.30 p.m. to save energy.

Natural gas processing and transportation firm Williams Cos Inc said on Friday it executed deals with oil major Chevron Corp’s unit to support natural gas development in the Haynesville basin as well as the deepwater Gulf of Mexico.

The renewals represent a substantial portion of the company’s current exploration rights and support the majority of the planned exploration activities of 2023, Kinetiko said.

The company will supply gas to the Merlin diamond project from its Glyde discovery in EP 171 in the McArthur basin in Northern Territory.

Europe is on course to end the winter with a near-record volume of gas in storage as a result of industrial closures, high prices and a milder-than-normal season.