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Japan is considering stepping up purchases of liquefied natural gas (LNG) for emergency needs to at least 12 cargoes a year from three now, an official of its industry ministry said, to guard against unexpected supply shocks. The reserve-boosting plan entails additional purchases by the world’s second biggest buyer of LNG after China, increasing its …
Report says settlements with tokens could save billions Russia has sought to lower reliance on dollar after sanctions Russia is proposing changes to cross-border payments conducted among BRICS countries aimed at circumventing the global financial system, as the heavily penalized country seeks to sanctions-proof its own economy. The alternatives include developing a network of commercial …
Russia Pitches BRICS Payment System Aiming to Break US Dominance Read More »
By Nia Williams Summary AECO gas prices hit a two-year low in late September on strong supply, brimming storage inventories Producers curtail up to 1 bcf/d due to low prices LNG Canada export facility due to start operating next year (Reuters) – A huge liquefied natural gas export terminal led by Shell called LNG Canada, may …
Canadian Natural Gas Firms Eager for LNG Boom Swamp Market with Excess Supply Read More »
By Reuters (Reuters) – An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday. Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said that the consortium of ExxonMobil and Hellenic Energy have acquired a total of 7,789 kilometres …
ExxonMobil-Led Consortium to Continue Seismic Research for Gas off Crete, Says Greece Read More »
With countries still reeling from the energy crisis, delays to LNG projects push relief prospects further out. A wave of new liquefied natural gas supply from projects agreed years ago in anticipation of surging demand keeps getting pushed back, threatening to extend the global energy crisis. Delays from the US to Mozambique promise little imminent …
A World in Need of More Gas Isn’t Getting New Supply Fast Enough Read More »
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.8 billion cubic feet per day (bcfd) in 2023 to 103.5 bcfd in …
US Natgas Output to Decline as Demand Hits Record High in 2024, EIA says Read More »
(Reuters) – MARA Holdings Inc., the world’s largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot program to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big …
Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program Read More »
(Reuters) – U.S. natural gas futures eased on Friday, but looked still set for their sixth straight weekly gain on worries over tighter supplies due to a decline in output and as the latest federal report showed utilities added smaller-than-normal amount of gas into storage last week. Front-month gas futures for November delivery on the …
US Natgas Set for 6th Straight Weekly Gain on Worries over Tighter Supplies Read More »
Europe likely to require more LNG imports next year: report IEA sees gas consumption in Europe dropping slightly this year Global demand for natural gas will hit an all-time high next year as competition for seaborne fuel intensifies between Asia and Europe, according to the International Energy Agency. After a drop in imports this year, …
World Gas Use to Hit Record in 2025 Amid Fight for LNG, IEA Says Read More »
Vladimir Putin’s ambition to triple exports by 2030 looks like a stretch, and that bodes well for Washington. Vladimir Putin’s strategy to expand liquefied natural gas exports hinges on finding buyers willing to circumvent US sanctions. So far, that’s proven a challenge. Key to the Russian president’s plans is the vast Arctic LNG 2 plant, which started …
Russia’s Struggle to Sell Its LNG Is a Double Win for the US Read More »
