Natural gas

Natural Gas

Energean Begins Tests at Disputed Israel-Lebanon Border Gasfield

Lebanon and Israel have engaged in on-off indirect talks since 2020 to delineate their Mediterranean border

Natural Gas

German Gas Commission Wants One-off Payment Now, Price Break Next Year

Germany's expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price b…

LNG

Petronas Pipeline Leak Hit Part of Malaysia's LNG Exports

Contracts to export Malaysian liquefied natural gas (LNG) that sources gas from the northern Borneo state of Sabah are under force majeure following a pipeline …

Crude Oil

Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project

Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia…

Natural Gas

Shell Warns Weak Earnings From Gas Trading Could Impact Profits

Shell warned that third-quarter profits would be dented after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.

Natural Gas

PepsiCo to Make Cheetos and Lay's Chips Using Dutch Green Electricity

PepsiCo on Friday announced plans to phase out use of natural gas at a factory in the Netherlands and adopt a system based on renewable electricity.

Coal-Fired Power Plants

Ørsted Ordered to Restart Oil- and Coal-Fired Power Plants amid Supply Crunch

Danish authorities have ordered Ørsted to continue and resume operations of three of its oil- and coal-fired power station units in order to ensure security of…

Natural Gas

Natural Gas Markets to Remain Tight in 2023 as Russia Cuts Supply, IEA Says

Global gas consumption will decline by nearly 1% in 2022

Natural Gas

UK Energy Bills Rise to Record High as Fuel Poverty Fears Grow

Gas prices will go from 7p to 10p per kilowatt hour under new guarantee

Natural Gas

Europe's Crisis Measures to Tackle Energy Price Spike

European Union countries on Friday approved a package of emergency measures aimed at pulling down surging gas and power prices that are stoking inflation, hampe…

Natural Gas

Fourth Gas Leak at Nord Stream Found

Authority supervising the Swedish coastline has confirmed its findings while the US reaffirmed its support to its European allies

Natural Gas

German Economic Institutes See 2023 Contraction as Gas Crisis Hits

Four leading German economic institutes have almost halved their spring economic growth forecast for Europe's largest economy this year and slashed their 2023 p…

Natural Gas

OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.

Natural Gas

German Gas Price Brake to Cost Between 15 Bln and 24 Bln Euros

A brake on gas prices currently being discussed by the German government could cost between 15 billion and 24 billion euros, depending on market price developme…

Natural Gas

If the World Needs Gas, We’ll Provide, UAE Says

The country is still looking to boost renewables but will supply fossil fuels when asked.