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.
Gas reserves in Europe's underground storage facilities (UGS) have fallen to their lowest level since 2021, down 34%. Gas Infrastructure Europe (GIE) informs that the amount of fuel in the reserves has dropped below 38 billion cubic meters. This indicates a high pace of consumption.
US President Donald Trump's administration has permitted Venture Global LNG to export natural gas from its CP2 project. According to the country's Energy Secretary Chris Wright, the decision is aimed at restoring the United States' international energy dominance.
Australia has revised its forecast for a fuel shortage in the southern states. This was announced by the country's energy market operator in its report. The industry feared that the most densely populated regions would face fuel shortages this winter, but the deadline has been delayed to 2028.
On Tuesday, the price of natural gas in the United States rose by about 1% to $4.12 per million British thermal units. The increase was boosted by record supplies to liquefied natural gas export facilities and a slight reduction in domestic gas output, combined with a shift in US weather forecasts.
According to Reuters, the price of natural gas in the United States fell about 2% to a two-week low of $4 per million British thermal units on Monday. The agency noted that record domestic production and weather forecasts suggesting warmer weather for the rest of the month contributed to the drop.
On Monday, Israel issued licenses to BP, Socar and NewMed Energy to explore for natural gas in the country's waters. Israel strives to increase domestic gas reserves and boost exports, Reuters reports.
As reported by OilPrice.com, a joint venture of ExxonMobil and Woodside Energy will invest $222 million in the Turrum Phase 3 project to drill new wells and increase natural gas output in the Gippsland Basin in southeastern Australia.
China has suspended liquefied natural gas (LNG) imports from the US for 40 days, marking the longest hiatus in the past two years. Bloomberg experts attribute this pause to a 15% tariff imposed in response to US trade policy.
Liquefied natural gas (LNG) exports from Alaska could begin in 2030, according to state Governor Mike Dunleavy in a recent speech. The $44 billion Alaska LNG project was endorsed by President Trump last week, Reuters reports.
Mexico plans to become the largest LNG exporter in Latin America due to the intentions of the country's authorities to build up to five major export terminals on Mexico’s Pacific Coast, Investing.com cites the Gas Outlook report.
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.
