The recent damage to the Nord Stream pipelines is yet another twist in the saga of Europe’s energy crisis. Accusations of sabotage flowing freely between Russia and the West stand in stark contrast to the […]
Despite high LNG shipping rates, a few prompt-delivery cargoes in the Atlantic Basin have been diverted to the Pacific Basin ahead of winter’s peak in Northeast Asia, reflecting high storage levels at European terminals, multiple […]
Germany’s Uniper — formerly one of Europe’s biggest buyers of Russian gas — is increasing its focus on LNG as it looks to replace lost volumes from Russia, the company said Nov. 3. Uniper was […]
US midstream operator Enterprise Products Partners considers NGLs exports by the US to be an increasingly attractive option for international customers, with high LNG prices forcing some to turn to cheaper sources of power generation. […]
“I am deeply concerned about the potentially severe impact a winter energy shortfall would have on the people and businesses of this region.” The head of Eversource is sounding the alarm to President Biden, urgently […]
The top executive of the largest New England utility urged US President Joe Biden to use emergency authority to protect against a potential natural gas shortage in the region this winter. The plea by Eversource […]
Spain has declared an “exceptional operational situation” as several dozen LNG tankers are stuck in line for its regasification terminals, significantly exceeding available slots, according to OilPrice.com. Span’s Mugardos liquefied natural gas plant in the […]
A month and a half ago, we made a startling discovery: China was aggressively reselling LNG imports from Russia, the country’s fourth-largest supplier of LNG so far in 2022 having surpassed both Indonesia and the […]
The number of LNG carriers being used as floating storage globally has hit a record high as oil majors, commodity traders and other energy companies hold onto LNG cargoes and vessels ahead of peak winter […]
U.S. natural gas futures jumped about 5% to a near two-week high on Wednesday on forecasts for higher demand over the next two weeks and worries a possible railroad strike could threaten coal supplies to […]
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