Tokyo Gas 9531, Japan’s biggest city gas supplier, will sell its 25% stake in an Eagle Ford shale gas project in south Texas to Shizuoka Gas 9543 for $130 million under an asset portfolio review to improve efficiency, it said on Friday. The move will leave it to focus on its U.S. unit, TG Natural …
General Energy News
US natgas prices jump 6% to one-month high as wells freeze
U.S. natural gas futures jumped about 6% to a one-month high on Wednesday as extreme cold in some parts of the country boosted demand for the fuel for heating and cut output by freezing oil and gas wells. Traders noted prices also gained support as gas flows to liquefied natural gas (LNG) export...
https://www.hellenicshippingnews.com/us-natgas-prices-jump-6-to-one-month-high-as-wells-freeze/
Early 2025 attacks caused ‘significant’ gas production site damage: Naftogaz
Russian attacks in January and early February against Ukrainian gas production facilities caused “significant” damage, state-owned Naftogaz said Feb. 15. Ukraine has been subjected to numerous missile and drone attacks against its energy infrastructure since the Russian invasion began in February...
Pakistan plans to renegotiate LNG prices under 15-year contract with QatarEnergy
Pakistan’s government plans to review the price of LNG under its 15-year term contract with QatarEnergy due to a sharp decline in electricity consumption and financial difficulties, an official with knowledge of the discussions told Platts. LNG contracts typically allow various terms, such as...
Prices near four-week low on US-Russia talks, weaker demand
Dutch and British wholesale gas prices held close to four-week lows as the market awaited news from talks between the U.S. and Russia about how to end the conflict in Ukraine and as strong renewables output curbed demand. The benchmark front-month contract at the Dutch TTF hub (TRNLTTFMc1) was down...
https://www.hellenicshippingnews.com/prices-near-four-week-low-on-us-russia-talks-weaker-demand/
Oil refinery fires cost downstream energy insurers hundreds of millions of dollars
Downstream energy losses for the year-to-date are already totalling several hundreds of million dollars following two separate oil refinery fires. The first claim is related to a fire that struck Zaro Energy’s Bayernoil oil refinery in Bavaria, Germany on January 17. The cause of the fire, which...
US natgas prices climb 2% to two-week high on colder forecasts, rising LNG flows
U.S. natural gas futures climbed about 2% to a two-week high on Friday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for colder weather and higher heating demand next week than previously expected. Front-month gas futures NG1! for March delivery...
European gas prices slide as Trump-Putin peace talks fuel bearish sentiment
European gas prices dropped in early trade Feb. 13, with sentiment largely driven by reports of a planned US-Russia peace plan for Ukraine after President Donald Trump and President Vladimir Putin held “lengthy” talks Feb. 12, market sources said. The Dutch TTF month-ahead price fell below...
Shell sees significant LNG growth in near term under its scenarios
Global demand for liquefied natural gas will see a robust rise in the next few years, while gas will likely see a more gradual dynamic and oil may peak at the beginning of the next decade, scenarios published by Shell SHEL showed on Wednesday. The British energy company has created three different...
REFINERY NEWS ROUNDUP: Change of ownership in focus in Europe
Change of refinery ownership has been in the focus in Europe of late, with BP announcing plans to sell its Gelsenkirchen refinery in Germany while talks have been ongoing for the sale of Lukoil’s site in Bulgaria and Serbia’s NIS has been looking at mitigating the impact of US sanctions due to the...
https://www.hellenicshippingnews.com/refinery-news-roundup-change-of-ownership-in-focus-in-europe/