Officials in Germany on Tuesday said that the situation with natural gas in the country was “tense” and could worsen, just days after the government triggered the “alert level” of its emergency gas plan. In its gas supply report, the country’s Federal Network Agency, also known as Bundesnetzagentur, announced that it is “monitoring the situation very closely…
Germany Says Situation With Natural Gas Is ‘Tense’ and Could Deteriorate, After Sounding Gas Crisis Alarm
June 29, 2022
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European Natural Gas Prices Surge as Russia Closes Taps
June 20, 2022
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European natural gas prices jumped over 7 percent intraday Monday, building on last week’s sharp rally as Russia’s supply cuts drove concerns about critical shortages and rationing. The European benchmark for natural gas, the Dutch TTF front-month gas futures contracts, were up 7.442 percent at 126.5 euros per megawatt-hour as of 8:44 a.m. on June…
Germany to Increase Burning of Coal Amid Cut in Gas Supplies From Russia
BERLIN—Germany’s economy minister said Sunday that the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia. Economy Minister Robert Habeck said that Germany will try to compensate for the move by increasing the burning of coal. “That’s bitter, but it’s…
Russia Again Cuts Natural Gas Exports to European Countries
June 18, 2022
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PRAGUE—Russia reduced natural gas to Europe again Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. It marks the third day of significant reductions to the fuel that powers industry and generates electricity in…
Israel-Europe Gas Deal Will Transform European Geopolitics and Energy Security
Commentary This week, Israel officially positioned itself as a natural supplier to Europe, one of the largest markets on earth. The announcement of an agreement signed by Israel, Egypt, and the European Union on June 15 at the East Mediterranean Gas Forum will be a huge deal for both Europe and Israel. The Europeans’ drive…
Price of Natural Gas Will Increase in Ontario Starting July 1
The price of natural gas is set to increase in Ontario starting July 1, the Ontario Energy Board (OEB) says. The OEB said Thursday that has approved Enbridge Gas Inc.’s June 3 application to increase the rate due to shortages in North American natural gas supplies and “uncertainty in the global energy landscape.” OEB also…
Texas Gas Plant That Exploded and Caught on Fire Won’t Be Online for Months: Firm
Freeport LNG said that a Texas liquefied natural gas facility that suffered a fire and explosion last week won’t be up and running anytime soon, according to a statement released Tuesday. “Completion of all necessary repairs and a return to full plant operations is not expected until late 2022,” the company said in its statement….
Bulk of US LNG Exports Are Now Being Sent to Europe
June 8, 2022
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The United States sent nearly three quarters or 74 percent of its liquefied natural gas exports to Europe from January to April, triple the 2021 average, according to the U.S. Energy Information Administration on June 8. American LNG supplies now make up nearly half of Europe’s liquefied natural gas imports, at 11.5 billion cubic feet per…
‘Energy Emergencies’: US Summer Blackout Risks Grow Amid Global Energy Crisis
Many parts of North America are at risk of experiencing blackouts this summer, the North American Electric Reliability Corporation (NERC) warned in a new dire report. According to the non-profit organization’s “Summer Reliability Assessment” report (pdf), there could be widespread summer blackouts amid shuttered power plants, supply chain snafus, and intense heat. The group, which…
Natural Gas Tops $9, Highest Since 2008; Will India Sugar Export Limits Impact U.S.? | NTD Business
Natural gas prices soar to a decade high today. Are we going to see higher utility bills? The world’s second largest sugar exporter is curbing exports. Will it impact the United States? A second shipment of baby formula arrives in the U.S., while the head of the FDA finds himself in the hot seat over why…
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