Day: April 17, 2023

Heavy battery electric vehicles (BEVs) create many issues for roads and drivers AND, ignored , is the fact tailpipe emissions don’t even rise to that level. Continue reading →

The post BEVs Have Issues Too and No ICE Means “Prepare to Pedal” appeared first on Natural Gas Now.

Oman is of vital strategic importance to the U.S.-Europe-Japan axis and the China-Russia axis because of its uniquely advantageous geographical position, which makes it one of key oil and gas hubs in the world. The Sultanate has long coastlines along t…

Germany took its last three nuclear power plants offline on Saturday, ending more than six decades of commercial nuclear energy use.  The power plants Emsland in Niedersachsen, Isar-2 in Bavaria, and Neckwarestheim-2 in Baden-Württemberg were taken off…

Natural gas futures strengthened Monday as weather models trended cooler for late April, providing support to a market awash in supply but also seeing a surge in LNG demand. The May Nymex gas futures contract settled at $2.275/MMBtu, up 16.1 cents on the day. June futures climbed 13.9 cents to $2.444. At A Glance: Production…

The post Cool Late-April Outlook Sends Natural Gas Futures Swinging Higher, while Cash Rebounds appeared first on Natural Gas Intelligence

An appeals court has ruled against banning natural gas hookups in new buildings—an idea put forward by the city of Berkeley in California as a means of reducing emissions. In its ruling, the court said that Berkeley’s 2019 ban on gas hookups in effect …

As Waha natural gas prices languish below $1/MMBtu, attention is increasingly turning to Mexico as a possible outlet for incremental gas volumes from the Permian Basin. With more than 6 Bcf/d of LNG export projects in varying stages of development, Mexico presents an interesting opportunity to move West Texas gas to the global LNG market,…

The post Mexico LNG Projects Seen Offering Lifeline for Permian Natural Gas  appeared first on Natural Gas Intelligence

Given its geographical positioning, with Saudi Arabia on one side of it and Iran on the other, Qatar has long played a delicate diplomatic balancing act between the two great Middle Eastern powers and their principal superpower sponsors. In Saudi Arabi…

Less than a month before general elections that will decide the fate of Turkish President Recep Tayyip Erdogan, the government has announced that a natural gas discovery in the Black Sea will start production and deliveries as soon as April 20, helping…

Less than a month before general elections that will decide the fate of Turkish President Recep Tayyip Erdogan, the government has announced that a natural gas discovery in the Black Sea will start production and deliveries as soon as April 20, helping…

The last decade or so has been tumultuous for the oil industry. It’s an industry underpinning every world economy, except perhaps isolated communities in the Amazon jungle, yet its existence has been called into question repeatedly and persistently. Af…

Energy and environment ministers from the Group of Seven (G7) economically advanced nations, including the United States, agreed to ramp up electricity generated by renewable energy sources to accelerate the transition away from fossil fuels. Yet the ministers, recognizing global demand shifts amid Russia’s war in Ukraine and the particular energy needs of meeting host…

The post G7 Leaders Leave Door Open to New Natural Gas Investments appeared first on Natural Gas Intelligence

Global natural gas demand remained weak as floating inventories built at sea and prices in Europe and Asia continued falling as the week got underway.  The May Title Transfer Facility (TTF) shed a penny on Monday, while spot LNG prices in Asia dropped below $12/MMBtu to their lowest point in nearly two years.  In Europe,…

The post Floating LNG Inventories Growing as Demand Softens – LNG Recap appeared first on Natural Gas Intelligence

Our gas needs to be a bigger part of the national conversation of global LNG demand.

Exxon Mobil is facing fresh scrutiny from investors over its climate ambitions at its upcoming AGM next month. Legal and General Investment Management (LGIM) and Christian Brothers Investment Services (CBIS) have co-filed a shareholder resolution, call…

An ordinance that banned natural gas hookups in some new buildings in Berkeley, CA, was thrown out Monday by the U.S. Court of Appeals for the Ninth Circuit. Plaintiffs led by the California Restaurant Association (CRA) had argued in a lawsuit filed in August 2021 that the ordinance was preempted by the federal Energy Policy…

The post Ninth Circuit Tosses Berkeley, CA’s Natural Gas Ban appeared first on Natural Gas Intelligence

U.S. gasoline prices rose for the third week in a row, rising $.076 per gallon from a week ago to $3.65 per gallon yesterday, new GasBuddy data showed, reaching the highest level since November 2022. The national average for a gallon of gasoline is $.2…

Second roof raising came just seven weeks after first. [Image: Venture Global LNG]

Energy security and the energy transition has been catapulted into the limelight over the last year, and the idea of living off the grid has grown to become quite fashionable.  People like to talk about it, but few actually go ahead and do it. Why? Bec…

Gassco says supply security concerns could make a new pipeline viable. [Image: Gassco]

As NextDecade Corp. awaits a critical FERC decision for the Rio Grande LNG facility later this week, federal regulators have paused the regulatory process for a project intended to significantly reduce emissions from the Texas export project. In a letter published Friday, Federal Energy Regulatory Staff informed the Houston-based firm that it was suspending an…

The post FERC Pauses Review for Rio Grande LNG CCS Proposal appeared first on Natural Gas Intelligence

My expectations are never disappointed when I read the news each day and find out that the solutions to the problems created by our modern technology are to be found in more technology. We do not need to restructure our society, reduce our consumption,…

Trade between India and Russia has experienced a significant boost since the West imposed sanctions on Russia last year for its invasion of Ukraine. This has led to a change in the flow of oil and other goods, making Russia the largest supplier of crud…

Ongoing strike action in Norway has led to the delay of scheduled maintenance at Norway’s biggest producing gas field and a major processing plant, North Sea gas infrastructure operator Gassco said on Monday.

But emissions in 2021 remained slightly higher than in 2020.

As tensions rise between China and the United States over Taiwan, Goldman Sachs says it is seeing big money managers around the world dumping Chinese equities and moving money into American energy instead, Reuters reports. Not only are Chinese equities…

Landlocked South Sudan’s oil could be at risk as clashes between the army and a paramilitary group in Sudan continued for a third day Monday, with the risk growing that this could turn into a full-blown civil war. Sudan exclusively exports crude oil pr…

Natural gas futures jumped by 8% Monday morning as weather models suggested cooler temperatures in the U.S.  Natural gas rose to $2.29/MMBtu in early trading. Colder weather is projected to impact the central part of the country before moving eastwards…

Some of the leading oil exchange-traded funds saw funds withdrawn in the past four weeks for the longest streak of withdrawals in eight months, according to data compiled by Bloomberg. The funds WisdomTree Brent Crude Oil, United States Oil Fund, Wisdo…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. NGI’s Jacob Dick, associate editor of LNG, talks with Ira Joseph, global fellow with Columbia University’s Center on Global Energy Policy, about the global LNG price risks that are still abound despite a relatively calm winter. Europe’s rush to replace Russian…

The post What Risks Still Lurk for Global Natural Gas Markets This Year? – Listen Now to NGI’s Hub and Flow appeared first on Natural Gas Intelligence

The British government has announced plans to expand its flagship renewable energy support scheme as part of its push toward a greener future.  The scheme, known as Contracts for Difference (CfD), supports new low-carbon electricity generation projects…

The head of Germany’s antitrust regulator says it may investigate energy suppliers amid consumer complaints about price hikes and possible abuse of a government energy price cap.

Electric vehicle (EV) sales have grown rapidly over the past few years, but have they managed to make a dent in the global market? To find out, Visual Capitalist’s Marcus Lu visualized data from BloombergNEF that breaks down annual vehicle sales by thr…

Mild winter temperatures across much of the central and eastern United States reduced heating demand and dropped domestic natural gas consumption to the lowest levels in years.  Following a cold start to winter last December, benign weather prevailed over the first two months of this year. As a result, in January, U.S. natural gas consumption…

The post Winter Natural Gas Consumption Falls to Multiyear Lows in 2023, EIA Says appeared first on Natural Gas Intelligence

As per the new formula, the price of the gas produced domestically will be 10% of the monthly average of the Indian crude basket and notified on a monthly basis.

Bolstered by a stronger late-season heating demand outlook following colder weather model trends over the weekend break, natural gas futures surged higher in early trading Monday. The May Nymex contract was up 13.3 cents to $2.247/MMBtu at around 8:45 a.m. ET. Weather models trended colder over the weekend for days eight through 15 of the…

The post Colder-Trending Forecasts ‘Rewriting the April Narrative’ as Natural Gas Futures Gain Early appeared first on Natural Gas Intelligence

London’s FTSE 100 kicked off a fresh week in decent style this morning, lifted higher by investors snapping up shares in mining giants Rio Tinto and Anglo American off the back of a bump in commodity prices. The capital’s premier index added 0.5 percen…

Trade between India and Russia has experienced a significant boost since the West imposed sanctions on Russia last year for its invasion of Ukraine. This has led to a change in the flow of oil and other goods, making Russia the largest supplier of crud…

Indonesia’s oil and gas lifting between January and March rose from the same period a year earlier but came in below targets set in the state budget due to unplanned shutdowns, upstream regulator SKK Migas told media on Monday.

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 – April 15, 2023 appeared first on Natural Gas Now.

The MoU covers areas such as knowledge sharing, workforce development and exploring further investment opportunities in Namibia. [Image: QatarEnergy]

The second international conference and exhibition “International transport and transit corridors: interconnection and development 2023” (ITTC 2023) will be held on May 3-4 in Ashgabat.

The second international conference and exhibition “International transport and transit corridors: interconnection and development 2023” (ITTC 2023) will be held on May 3-4 in Ashgabat.

Cost inflation and increased competition to secure long-term buyers and financing could hold back some of the more than a dozen proposed LNG export projects in the United States.   Demand for LNG globally is currently high, as European countries rush t…

Dhamra is India’s seventh operational LNG terminal, the second of its kind on the east coast of the country. [Image: Qatargas]

The biggest nuclear reactor in Europe by capacity, Olkiluoto 3 in Finland, started regular electricity production on Sunday, entering into service 14 years later than initially planned. Olkiluoto 3, which had completed test production and is now regula…

Gas is delivered via a 40km pipeline from Njord A to the Aasgard Transport System and onto the Karsto terminal.

Two more LNG-fuelled ferries are expected to enter service by 2025. [Image: MOL]

Europe needs to put a smaller-than-average volume of gas into storage this year after a mild winter left the region with record high inventories.

The leaders of the world’s top seven rich countries have agreed to speed up the energy transition by setting more ambitious targets for wind and solar power. The G7 leaders also agreed to accelerate the phaseout of fossil fuels although they stopped sh…

Darshan Hiranandani, CEO and managing director of H-Energy, will retain 30% interest.