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European Natural Gas Prices Surge Ahead Of Cold Spell
European Natural Gas Prices Surge Ahead Of Cold Spell The Dutch TTF benchmark price jumped by 11% on Tuesday morning, recovering from a 17% price slump last week. An unplanned outage at a Norwegian gas processing plan and short covering combined to add upward pressure to gas prices. Next week, temperatures could be lower than […]
Netherlands To Shut Down Europe’s Largest Gas Field
Netherlands To Shut Down Europe’s Largest Gas Field The Dutch government plans to close the Groningen gas field this year despite Europe’s precarious supply position. Groningen is the largest gas field in Europe. The field is dangerous, a government official from the Hague told the Financial Times, and the government has no plans to boost production from […]
What’s Behind California’s Skyrocketing Natural Gas Bills: Insiders
What’s Behind California’s Skyrocketing Natural Gas Bills: Insiders Natural gas is transferred into the SoCalGas system after being collected and purified at a Calgren collection facility in Pixley, Calif., on Oct. 2, 2019. (Mike Blake/Reuters) Californians are expecting skyrocketing natural gas bills this month, but this can’t all be blamed on the weather, according to […]
Coast-To-Coast Winter Storm Sends US NatGas Surging
Coast-To-Coast Winter Storm Sends US NatGas Surging In what’s forecasted to be the first coast-to-coast major winter storm of the season across the Lower 48, traders have furiously panic bid US natural gas futures due to the prospects of increased heating demand. On Sunday, wintery precipitation, powerful winds, and heavy rains battered Intermountain West as a powerful […]
Peter Zeihan: You’re Being Instructed Not to Notice This!!!
Peter Zeihan: You’re Being Instructed Not to Notice This!!! https://youtu.be/6pLAaWUUM6c
Germany Preparing For Emergency Cash Deliveries, Bank Runs And “Aggressive Discontent” Ahead Of Winter Power Cuts
Germany Preparing For Emergency Cash Deliveries, Bank Runs And “Aggressive Discontent” Ahead Of Winter Power Cuts While Europe has been keeping a generally optimistic facade ahead of the coming cold winter, signaling that it has more than enough gas in storage to make up for loss of Russian supply even in a “coldest-case” scenario, behind […]
Pakistan ‘Has No Option But To Ration’ Natural Gas Supply This Winter
Pakistan ‘Has No Option But To Ration’ Natural Gas Supply This Winter The energy crisis in Pakistan has deepened this year. Gas supplies available for households will be very limited this winter. Pakistani households will have gas available for three hours in the morning, two hours in the afternoon, and three hours in the evening. […]
US NatGas Futures Jump As Frigid Weather Set To Swoop Across Country
US NatGas Futures Jump As Frigid Weather Set To Swoop Across Country US natural gas futures bottomed on Oct. 24 after a 50% haircut on warmer weather. In the last two weeks, prices have staged a rally on the prospect of cold weather and tighter supplies. Last Monday, we penned a note titled “US NatGas Spikes […]
Natural gas shortage could lead to power outages during coldest months
Natural gas shortage could lead to power outages during coldest months Joe Nolan, the CEO of Eversource, said a shortage of natural gas poses a serious health and safety threat. HARTFORD, CT (WFSB) – Connecticut and other New England states could be in trouble this winter when it comes to natural gas. Joe Nolan, the […]
NT’s Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline
NT’s Blacktip gas field production drops, forcing shutdown of Northern Gas Pipeline The Channel Island power station is the main provider of electricity to the Darwin-Katherine interconnected system.(Supplied: Territory Generation) Production from the offshore field which supplies gas for the Top End’s electricity generation has decreased by nearly 50 per cent this year — raising […]
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria
Russian Gas Stops Flowing To Italy After ‘Problem’ In Austria Russian energy giant Gazprom PJSC suspended natural gas deliveries to Eni SpA, Italy’s largest oil company, on Saturday, reported Bloomberg. “Gazprom informed that it is not able to confirm the gas volumes requested for today, stating that it’s not possible to supply gas through Austria. Therefore, today’s Russian […]
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis
Germany To Nationalize Struggling Uniper In Deepening Energy Crisis Germany on Wednesday announced a move to nationalize struggling natural gas supplier Uniper SE as it strives to keep the industry functioning in the wake of a global energy crisis, according to Reuters. Uniper is Germany’s largest importer of Russian NatGas and has suffered tremendous losses after Russian energy […]
A Natural Gas Shortage Is Looming For The U.S.
A Natural Gas Shortage Is Looming For The U.S. As natural gas demand around the world breaks new records, U.S. shale producers are struggling to keep up with demand. While natural gas prices in the United States fell after a railway strike was averted last week, it looks likely that prices both at home and […]
A Glut For Natural Gas Too?
A Glut For Natural Gas Too? Oil is not the only energy source that is seeing a glut. Growing supplies of natural gas could soon result in a similar phenomenon. It was only a year and a half ago that the United States, and the northeast in particular, saw supplies dwindle to exceptionally low levels, […]
