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.
Canada’s first ever liquefied natural gas (LNG) can be produced this weekend at LNG Canada's export terminal in Kitimat, British Columbia, says Reuters, citing sources familiar with the facility’s startup.
A decrease of the indicator value may contribute to the rise in quotes of NG.
The escalating relations between Israel and Iran drove natural gas prices up this week. However, Goldman Sachs analysts believe tensions in the Middle East will have a negligible impact on the world’s energy market.
Germany has no plans to establish a strategic gas reserve. According to an economy ministry spokesperson, recent changes to the legislation, which set storage levels for the upcoming winter, will provide sufficient incentives for the private sector to ensure stable supplies.
The Trump administration suggested making 82% of the 9.3-million-hectare National Petroleum Reserve in Alaska available for oil and gas extraction. This move challenges ex-President Joe Biden's initiatives to limit drilling in the region.
The German economy ministry is exploring the possibility of establishing a national natural gas reserve. After studying the experience of the United States, which has the strategic oil reserve, the German authorities started to assess the need for a similar reserve of natural gas.
Egypt is rushing to find ways to substitute natural gas supplies from Israel as the flows were halted due to the escalating tensions in the Middle East. The government, concerned about possible large-scale power blackouts, is preparing to issue a tender to purchase fuel.
According to a report by think tank Ember published on Tuesday, gas demand in the European Union will decrease by 7% by 2030 as the share of renewable energy increases and electrification continues. The company’s experts analyzed the energy plans of EU countries.
European natural gas prices have surged as growing Middle East conflict raises concerns about potential energy supply disruptions, Bloomberg reports. Prices increased 2.2% on Monday, as markets react to potential risks to liquefied natural gas (LNG) shipments through the critical Strait of Hormuz.
A decrease of the indicator value may contribute to the fall in quotes of NG.
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.
