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Oil & Gas Trade
Gunvor to Acquire BP's 75% Stake in Spanish Gas Power Plant
Energy trader Gunvor has agreed to acquire a 75% stake in 785 megawatt (MW) power plant in Bilbao, Spain, from BP (BP.L) gas marketing, a joint statement said o…
Oil & Gas Supply
Fed Gov securing gas for domestic supply
The Federal Government has announced that two new enforceable commitments have been secured to supply more gas to the east domestic gas market, with other commi…
Oil & Gas Trade
German Gas Trading Hub to Sell Up to 37 Twh of Gas From Storage
Germany's gas market trading hub, Trading Hub Europe (THE), is planning to start selling the first volumes of gas stored under a government mandate agreed i…
Oil & Gas Trade
BP Settles US Natgas Market Manipulation Case for $10.75 Million
Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo
Natural Gas
Middle East Natural Gas Output to Rise More Than 19 per Cent by 2030, Wood Mackenzie Says
Rising exports from the region will have a 'game-changing' effect on global gas markets, consultancy saysIn February, Adnoc delivered the first LNG carg…
Market Analysis
GECF Unveils 4th Annual Gas Market Report
Doha, QATAR – 5 April 2023: The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (A…
Natural Gas
ACCC No Longer Forecasts Gas Supply Shortfall
The east coast gas market should see sufficient gas supply for 2023, as the latest report from the Australian Competition and Consumer Commission (ACCC) indicat…
Natural Gas
PG&E Customers’ March Natural Gas Bills Expected to Decrease on Average 75%
After three months of higher-than-normal natural gas market prices driving up energy bills, Pacific Gas and Electric Company (PG&E) customers can expect, on ave…
Oil & Gas Trade
First GECF Monthly Gas Market Report now available
Doha, QATAR – 15 February 2023: The GECF is pleased to unveil the inaugural edition of the Monthly Gas Market Report (MGMR). This new publication offers a…
Oil Price
Azerbaijani Oil Prices Increase
The price of Azeri LT CIF Augusta grew by $0.12 on December 23 compared to the previous price, amounting to $87.34 per barrel, Trend reports referring to the so…
LNG
LNG Exports Drive Expansion of North American Natural Gas Market, Adding 29 Bcfd of Production by 2033
LNG exports nearly triple over next decade, Inflation Reduction Act to boost gas demand in the long term.
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
German Gas Levy Could Change as Soon as This Winter -Newspaper
A gas levy on German consumers meant to help utilities cover the cost of replacing Russian supplies could change as soon as this winter, the managing director o…
LNG
Potential Curb on Australian LNG Exports Is Another Blow to Asia-Pacific Gas Markets
Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restric…
CCS
ExxonMobil Estimates $4 Trillion CCS Market by 2030
Amount is around 60% of forecast oil and gas market by that date.
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