The Dutch government is confident that the country will reach its gas storage targets before the upcoming heating season, aiming to ease market concerns on the matter. According to the Ministry of Climate Policy and Green Growth, current fuel reserve volumes meet the EU threshold levels for July.
The Norwegian Statistical Office (SSB) says they're expecting a record-breaking level of investment in the country's oil and gas sector in 2025. Revised estimates indicate that total capital inflows are likely to hit 269.1 billion Norwegian kroner (about $26.46 billion).
In May, liquefied natural gas (LNG) imports to Europe and Asia kept declining. Demand in both regions slumped seasonally between winter and summer peaks, Reuters reports.
South Africa has offered to purchase liquefied natural gas (LNG) from the US over a 10-year period as part of a trade deal. According to the document, signed by Khumbudzo Ntshavheni, Minister in the Presidency, South Africa intends to buy about 75–100 million cubic meters of US LNG per year.
President of the International Group of Liquefied Natural Gas Importers, Anne-Sophie Corbeau, says there is increasing uncertainty in demand forecast for this type of fuel. Despite global supply rising to 405 million tons in 2024, the growth rate is slowing due to the difficult economic situation.
European natural gas prices extended gains after an unplanned production cut was announced at Norway’s Troll field, which has reduced the country’s energy supplies to the EU, Bloomberg reports.
US regulators have authorized Venture Global to start the construction of its Louisiana-based liquefied natural gas (LNG) facility CP2.
Bernstein analysts are forecasting the beginning of a supercycle in the US natural gas industry, driven by strong consumption growth and tight supply. This mismatch implies sustained gas price increases to $5 or more per million cubic feet.
In recent years, China has experienced a significant increase in gas production and pipeline fuel imports. This has reduced the country's purchases of liquefied natural gas (LNG) and kept the prices relatively stable. Nevertheless, the industry expects LNG demand to grow in the long term.
A decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.
Cederic Cremers of British oil and gas company Shell expects Indonesia, Malaysia, and Algeria to become net importers of liquefied natural gas (LNG) as their domestic demand increases and production declines.
Natural gas is not just a fuel for cooking and heating. It is also a key element on the global economic stage. This page provides information on the latest market events and trends, allowing you to assess their impact on natural gas prices.
Natural gas market news is more than just information for experts. The news are important signals about the future of the energy sector and economy. Understanding these trends helps us to be both informed consumers and prudent investors.
