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.
An increase of the indicator value may contribute to the fall in quotes of NG.
The Trump administration has announced plans to auction off oil and gas drilling licenses across more than 320,000 square kilometers in the Gulf of Mexico. Set for December 10, the sale will include both shallow-water and deepwater tracts.
Interfax, citing a Sovcomflot official statement, reports that Russia's first ice-class tanker designed to transport liquefied natural gas (LNG) will soon be launched as a part of the Arctic LNG-2 fleet.
The European Union has agreed to loosen its gas storage requirements in response to current market conditions, aiming to prevent further price surges. The new agreement allows countries to hit the 90% target until December 1.
Liquefied natural gas (LNG) flows to Germany's four floating terminals have significantly increased in recent months as the country rushes to replenish its fuel reserves. However, a large portion of the imported LNG is being sent abroad, leaving domestic reserves unchanged.
An increase of the indicator value may contribute to the rise in quotes of NG.
LNG Canada has launched the first phase of its liquefied natural gas (LNG) plant in Kitimat, British Columbia. Production of the first LNG began on the morning of June 22 at the facility’s first processing unit, known as Train 1.
Gas turbine orders are emerging as one of the most accurate leading indicators of rising future demand for natural gas in power generation. Barclays’ base-case forecast projects US gas consumption for electric power production to rise by over 10 billion cubic feet per day (Bcf/d) by 2030.
Coal is gaining an advantage over LNG as Middle East tensions drive up natural gas prices due to concerns about possible supply disruptions through the Strait of Hormuz. Meanwhile, coal prices have remained stable, making it increasingly attractive to Asian energy buyers, Reuters reports.
Goldman Sachs flags the possibility of higher oil and gas prices following the US intervention in the Middle East conflict, with the company’s base-case scenario hinging on significant disruptions to energy supplies from the region.
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.
