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HomeNatural Gas

Natural Gas

ICE
Finance

ICE to open London gas hub, creating route around EU price cap

January 30, 2023 Mariel Alumit

BRUSSELS, Jan 27 (Reuters) – The Intercontinental Exchange ICE.N plans to launch a “parallel market” in London for Title Transfer Facility gas trading next month, it said on Friday, providing a way for market participants to avoid the European […]

Minnesota
EnergyNews

Gas utility’s Minnesota hydrogen pilot ‘good news’ so far, but questions remain

January 27, 2023 Mariel Alumit

​A Minnesota gas utility says it is successfully blending “green” hydrogen into its natural gas pipeline system in one of the first such tests in the country. Since last spring, CenterPoint Energy customers near downtown […]

Crude Oil News

Brazilian deepwater field’s sale process winds down with total payment of nearly $2 billion

January 27, 2023 Mariel Alumit

Home Fossil Energy Brazilian deepwater field’s sale process winds down with total payment of nearly $2 billion Brazilian oil and gas company PRIO, formerly known as PetroRio, has paid almost $2 billion in total for […]

Indonesian
International News

Indonesian companies sign contract for offshore pipeline project

January 27, 2023 Mariel Alumit

Indonesian companies Hafar and Casakha have signed a contract to develop an offshore pipeline for the LPRO-NGLJ project. Illustration (Courtesy of Casakha) Casakha informed out that the design, engineering, and project management will start immediately at […]

Freeport
Exports

Freeport LNG Terminal Approved For Partial Restart

January 26, 2023 Mariel Alumit

US natural gas futures erased some losses but still hovered sub $3 per million British thermal units after federal regulators approved Freeport LNG’s request for a partial restart of operations at the liquefied natural gas […]

U.S
EnergyNews

U.S. natgas plunges 7% to 21-month low ahead of expiration, Freeport delays

January 26, 2023 Mariel Alumit

The price drop occurred the day before the expiration of the February contract as the front-month on the New York Mercantile Exchange, when volatility often peaks because trading volumes are low. In 2022, gas prices […]

China
EnergyNews

China’s Economic Recovery May Keep Natural Gas Market Tight in 2023, Top Exporter Says

January 25, 2023 Mariel Alumit

​China’s economic recovery could keep the natural gas market tight this year, said Australia’s biggest exporter. The real impact of Beijing’s exit from Covid Zero is yet to be seen, said Meg O’Neill, chief executive […]

forecasts
EnergyNews

U.S. natgas futures drop 5% to 19-month low on less cold forecasts

January 25, 2023 Mariel Alumit

That price drop came despite bullish forecasts calling for more gas demand this week than previously expected and a drop in output over the past couple of days as cold weather freezes wells in some […]

EU
Finance

EU gas price cap could lead to ‘abrupt market changes’

January 25, 2023 Mariel Alumit

The introduction of a temporary gas price cap in Europe could result in a reduction in market liquidity, new research suggests. Last month, the European Council adopted a regulation establishing a market correction mechanism (MCM), aiming to […]

U.S.
Big Oil Companies

U.S. Oil & Gas M&A Hits 17-Year Low; Big Firms Dominate Deals

January 24, 2023 Mariel Alumit

Jan 24 (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level […]

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