Bloomberg reports that Russia's Gazprom has abandoned plans to create a gas distribution hub in Turkey. Despite public support from President Vladimir Putin, the project faced serious obstacles from the outset.
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Romanian gas project in Black Sea begins drilling operations
Romania has started the development of Neptun Deep, the biggest gas field in the Black Sea. The field, owned by Romgaz and OMV Petrom, contains about 100 billion cubic meters of extractable gas.
26 March
China is set to reduce its liquefied natural gas (LNG) imports in 2025 for the first time since 2022. Analysts at BloombergNEF forecast a decline of 11 million tons, bringing total imports to 74.89 million tons. The drop is primarily driven by US tariffs and milder weather.
26 March
Shell forecasts steady annual increase in LNG production by 4–5% over next 5 years
Shell has announced its intention to reinforce its position as a major LNG player, intending to increase its annual production by 4–5% through 2030, according to a corporate statement.
25 March
UK could meet half of its oil needs from domestic sources by 2050
According to Bloomberg, the UK could cover 50% of its oil and gas needs from domestic production by 2050 if the government implements appropriate policies. North Sea operators currently plan to extract 4 billion barrels of oil equivalent.
25 March
Canada's 14-million-tonne-per-year LNG plant nears startup
LNG Canada, a joint venture between Shell, Petronas, PetroChina, Mitsubishi, and Kogas, is entering the final commissioning phase at its Kitimat facility. On April 1 the plant will begin cooling its industrial equipment — a critical 3‑to‑4‑week process that ensures safe commissioning.
25 March
Global LNG market expected to grow in production and demand over next several years — Bernstein
The global liquefied natural gas (LNG) market is at an inflection point after years of tight supply and slow demand growth. Bernstein predicts that 2025 will be the start of the turnaround, thanks to increased production capacity and a rebound in consumption.
24 March
Earlier this year, European gas prices rose to a two-year high. The surge was driven by strong demand for heating over the winter period. However, gas consumption for power generation tends to fall sharply in the region after the end of March each year, Reuters noted.
24 March
A decrease of the indicator value may contribute to the fall in quotes of NG.
21 March
An increase of the indicator value may contribute to the fall in quotes of NG, WTI, Brent.
21 March
On Thursday, natural gas prices in the US collapsed by about 6% to a two-week low of $3.921 per million British thermal units due to an increase in storage inventories. Additional pressure on prices came from weather forecasts and corresponding expectations of weaker fuel demand next week.
21 March
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.
Natural gas price: what influences it?
- Supply and demand. As in everything, the law of supply and demand also applies here. When demand for gas outweighs supply, prices may rise. Otherwise, they can fall.
- Weather and season. In winter, more gas is used for heating, so the prices often rise. Meanwhile, in the warmer seasons, demand is lower, and the prices may drop too.
- Environmental requirements. More and more countries are transitioning to clean energy sources, which may affect natural gas demand.
- Gas as a transition fuel. Gas can be used as a source for a smoother transition to alternative energy sources such as solar and wind power.
- Geopolitical tensions. Friction between countries may impact gas supplies and its prices.
- Market news. Natural gas news is also actively discussed among investors and may influence their decisions.
What countries are in the lead?
- Russia. One of the main natural gas suppliers. News about Russian gas can have a strong impact on the global market.
- The United States has become one of the largest producers of natural gas after the 'shale revolution' reshaped the country's oil and gas production.
Why follow the latest gas news?
- For consumers: natural gas news can affect budgets, as gas prices influence the cost of heating and electricity.
- For investors: monitoring gas news is important for making informed decisions in the energy market.
