Day: June 21, 2023

The future of Britain’s electric vehicle (EV) sector is far from certain. Automakers were overjoyed this month to read reports that said the UK had likely pipped Spain in the race to secure a multi-billion dollar ‘gigafactory’ in Somerset, built by Jag…

Ukraine is looking to raise initial funding of up to $40 billion to rebuild one of its most important industries – iron and steelmaking – including by reducing dependence on coal and launching a green steel industry after the war.  The Russian invasion…

Natural gas futures returned to their winning ways Wednesday, supported by strong southern cooling demand and languid production. At A Glance: Market sees low 90s Bcf injection Consumption varies by region Maintenance weighs on output Coming off a 14.0-cent swoon on Tuesday – the first drop in six regular sessions – the July Nymex gas…

The post Texas Heat Wave, Tepid Production Fuel Natural Gas Futures Rebound; Cash Prices Ease appeared first on Natural Gas Intelligence

Professor Won Bae Kim and his team at Korea’s POSTECH utilize electron spin of anode material to boost capacity and accelerate charging in lithium-ion batteries. The paper reporting the advance has been published in the journal Advanced Functional Mate…

Pipeline gas supplies from Russia via Ukraine to Europe may come to an end next year when the transit contract between Moscow and Kyiv expires, the Ukrainian energy minister has told the FT. According to German Galushchenko, the chances of the two side…

Crude oil inventories in the United States decreased this week by 1.246 million barrels, the American Petroleum Institute (API) data showed on Wednesday.Analysts were expecting a smaller 433,000-barrel draw in U.S. crude-oil inventories. The total numb…

EDX Markets, a newcomer to the cryptocurrency exchange landscape, has made a notable entry with backing from some of Wall Street’s biggest institutions including Citadel Securities, Fidelity Investments, and Charles Schwab. The company recently unveile…

Via AG Metal Miner The Stainless Monthly Metals Index (MMI) broke to the downside from May to June, with stainless steel prices falling 10.15% After falling over 14% throughout May, nickel prices began to rebound during the first half of June. Since pr…

Cheniere Energy Inc. said Wednesday it has secured another customer to support a major expansion at its Sabine Pass LNG export terminal in Louisiana.  Cheniere Marketing LLC entered a sales and purchase agreement (SPA) to provide Equinor ASA 1.75 million metric tons/year (mmty) of the super-chilled fuel for a term of 15 years. Equinor would…

The post Equinor Signs Deal to Buy More LNG From Cheniere, Grow Global Portfolio appeared first on Natural Gas Intelligence

Uzbekistan has reached a deal with Russia’s Gazprom to buy 2.8 billion cubic meters of natural gas annually over the coming two years as part of a broader effort to prevent winter-time shortages. The Energy Ministry said in a statement on June 19 that …

A majority of 69% of Americans are against a ban on gas stoves, a poll conducted by the Harvard Center for American Political Studies and Harris. The poll covered a number of topics spanning from approval of institutions to top concerns, but it also in…

Germany’s giant power firm, LEAG, has announced it will transform its lignite-fired thermal power plants into Europe’s largest green energy hub, with a capacity between 7 GW and 14 GW. The company has a target to install between 7 GW and 14 GW of wind …

Germany’s giant power firm, LEAG, has announced it will transform its lignite-fired thermal power plants into Europe’s largest green energy hub, with a capacity between 7 GW and 14 GW. The company has a target to install between 7 GW and 14 GW of wind …

Germany’s giant power firm, LEAG, has announced it will transform its lignite-fired thermal power plants into Europe’s largest green energy hub, with a capacity between 7 GW and 14 GW. The company has a target to install between 7 GW and 14 GW of wind …

Natural gas futures dropped lower on Tuesday amid profit-taking in the wake of the prior week’s robust rally. Festering concerns about stout supplies in storage also permeated markets. After advancing 17% last week, the July Nymex gas futures contract settled at $2.492/MMBtu on Tuesday, down 14.0 cents day/day. August fell 15.1 cents to $2.570 to…

The post July Natural Gas Futures Rally Halted as Traders Take Profits; Cash Prices Climb appeared first on Natural Gas Intelligence

White House National Security Council spokesman John Kirby said there will be “deliverables” on the defense cooperation front when Indian Prime Minister Narendra Modi visits Washington later this week, but declined to provide details. Kirby acknowledge…

A regional court in Kazakhstan has dismissed a claim of $5.1 billion brought by the Kazakh Environmental Protection Ministry against North Caspian Operating Company (NCOC), the operator of the largest offshore oil project in the country, Kashagan. The …

China National Petroleum Corporation (CNPC) and QatarEnergy are expected to sign a 27-year agreement, which will allow China to purchase 4 million metric tons of liquefied natural gas (LNG) a year, Reuters reported on Tuesday. Sources familiar with the…

Dealmaking in Southeast Asia and private equity transactions are likely to give a significant boost to Asian mergers and acquisitions, which have recorded a big decline so far in the year.   According to preliminary data from Refinitiv, total M&A value…

Dealmaking in Southeast Asia and private equity transactions are likely to give a significant boost to Asian mergers and acquisitions, which have recorded a big decline so far in the year.   According to preliminary data from Refinitiv, total M&A value…

A regional court in Kazakhstan has dismissed a claim of $5.1 billion brought by the Kazakh Environmental Protection Ministry against North Caspian Operating Company (NCOC), the operator of the largest offshore oil project in the country, Kashagan. The …

Half of new volumes will come from planned expansion at Texas liquefaction facility. [Image: Cheniere Energy]

The investor pushback against “woke capitalism” has led to the proliferation of funds that market themselves as opposed to environmental, social, or governance (ESG). A new report via Morningstar reveals even though anti-ESG funds gained momentum in la…

In less than a decade, the economy of what was once South America’s wealthiest country, Venezuela, collapsed. The oil-rich country, which once pumped over three million barrels of petroleum daily, slumped into the worst economic collapse of modern time…

The Canada Energy Regulator has issued a grim outlook that the country’s oil production will plunge 76% by 2050 thanks to the world moving to the clean energy transition, marking the first time the regulator has provided a long-term forecast for Canada…

Israel gave preliminary approval for the development of a gas field off the Gaza Strip on Sunday while saying it would require security coordination with the Palestinian Authority and neighbouring Egypt.

TC Energy Corp. has built the transition from natural gas and oil into its strategy, with a clear eye on how to deliver value even as the global supply mix evolves, CEO François Poirier said Tuesday. TC’s Sustainability Energy Forum offered the executive team a platform to detail the roadmap that the North American midstream…

The post A Faster Way to Reduce CO2 Emissions? Export More North American Natural Gas, Says TC Energy CEO appeared first on Natural Gas Intelligence

Some relief could be on the horizon for Bakken Shale oil producers facing punishingly low prices for their associated natural gas, as efforts to add takeaway capacity out of the basin are advancing. North Dakota Pipeline Authority Director Justin Kringstad provided an update on two projects during a press briefing on June 13. Kinder Morgan…

The post Bakken Natural Gas Egress Projects Moving Forward as Prices Still Sluggish appeared first on Natural Gas Intelligence

Freshly optimistic following recent legislative intervention to move its long-delayed natural gas project across the finish line, Mountain Valley Pipeline LLC (MVP) is now turning its attention to its Southgate extension, a recent FERC filing shows. MVP last week asked the Federal Energy Regulatory Commission for a two-year extension of time to finish construction of…

The post Rejuvenated MVP Requests More Time for Extension Project appeared first on Natural Gas Intelligence

As traders mulled mixed forecast trends and the possibility of strengthening export demand in the days ahead, natural gas futures probed both sides of even in early trading Wednesday.  After going as high as $2.534/MMBtu in after hours trading, the July Nymex contract was down 1.9 cents to $2.473 at around 8:30 a.m. ET. The…

The post Natural Gas Futures Extend Slide Early as Forecast Trends Mixed appeared first on Natural Gas Intelligence

Swiss asset manager Energy Infrastructure Partners (EIP) is one of the investors in talks with Eni over the possibility of buying a minority stake in the energy group’s low-carbon unit Plenitude, two sources with knowledge of the matter said. [image credit: Eni]

ExxonMobil and the government of Guyana are discussing which unexplored offshore blocks the U.S. supermajor should return to the country under its 2016 exploration and production contract, Reuters reported on Wednesday, quoting sources close to the tal…

The two PSCs have a 2C resource of 6.5mn barrels of oil equivalent and a total prospective resource of 29mn boe, including 20bn ft3 of natural gas.

Europe’s benchmark natural gas prices and supply and demand fundamentals have been reflected in the global and Asian prices of LNG in recent weeks, Rystad Energy said in a note on Wednesday. Prices in Europe have increased in the past two weeks due to …

Overbuilding of solar energy is the official policy of New York State; one built on misinformation and which dangerously plays with the lives of all New Yorkers. Continue reading →

The post Solar Energy Reliance Will Leave New York Shivering in Dark appeared first on Natural Gas Now.

The imports were up nearly 1% month/month, however.

Experts tell us that methane is far more dangerous for global warming than carbon dioxide and that emissions of the powerful gas need to be contained as quickly as possible if the world is to deal adequately with climate change. But a recent study focu…

Asian spot LNG prices driven by TTF, US Henry Hub remains insulated.

Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) project in Russia, a senior executive said on Wednesday, adding the operation was continuing super-chilled fuel exports to Japan.

Romanian oil and gas group OMV Petrom, majority-controlled by Austria’s OMV, on Wednesday said it has made the final investment decision to develop long-awaited Black Sea deep water gas project Neptun Deep.

Deliverables for the Nanamarope 3D will be available by late Q3 2023. [Image: Searcher]

Tamboran has secured exclusivity over compression and mini-LNG facilities for potential early Beetaloo production.

The Chinese energy company has also picked up a stake in North Field East LNG expansion project. [Image: QatarEnergy]

Back in March 2022, shortly after Russia’s invasion of Ukraine, President Biden signed an executive order that banned the import of Russian oil, liquefied natural gas, and coal to the United States. Although the ban together with EU sanctions were blam…

The Canadian mining sector is on a mission: To create the world’s most secure supply of critical minerals—without Chinese involvement. Critical minerals represent one of the most pressing present and future national security issues for the Western worl…