naturalgas
The European Union stands at a critical juncture, confronting the dual crises of escalating climate threats and geopolitical instability. From the devastating impacts of climate change to the recent energy turmoil sparked by Russia’s aggression in Ukraine, the EU’s vulnerabilities are glaring. The European Green Deal, a commitment made by all member states, mandates a rapid decoupling from natural gas. This presents both a daunting challenge and a remarkable opportunity. In the Baltic-Finland region, natural gas consumption varies, with usage rates at 3% in Finland, 6% in Estonia, 16% in Latvi...
Euronews (English)
Saudi Arabia has announced the discovery of seven significant oil and gas deposits in the Kingdom’s Eastern Province and the Empty Quarter, marking a substantial boost to the nation’s energy reserves. The announcement was made by Prince Abdulaziz bin Salman, the country’s energy minister, as reported by the Saudi Press Agency (SPA) on Monday. Details of the new discoveriesAccording to the SPA report, Saudi Aramco, the state-owned oil giant, has identified “two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs.” These discoveries...
Invezz
In the world's transition to a low-carbon footprint, natural gas is expected to play a key role in supporting demand. Meanwhile, the artificial intelligence (AI) boom is set to spur its utilisation in electricity consumption. Since mid-April, the US natural gas futures prices have surged by approximately 62%, and the Dutch gas futures rose 18% due to intensified geopolitical tensions in the Middle East, reduced production in the US, supply disruptions in Norway, and expectations of growing demand Demand for natural gas is expected to growAccording to S&P Global Commodity Insights, "global powe...
Euronews (English)
Russia overtook the United States in the month of May as the lead supplier of liquified natural gas (LNG) to Europe for the first time in nearly two years, the Financial Times reported on June 16. According to the International Commodity Intelligence Service (ICIS), Russian-piped gas LNG shipments made up 15 per cent of supply delivered to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina, and North Macedonia, FT reported. While U.S. LNG supplies made up just 14 per cent of the supply. The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combi...
Kyiv Independent
Russia overtook the United States in the month of May as the lead supplier of liquified natural gas (LNG) to Europe for the first time in nearly two years, the Financial Times reported on June 16. According to the International Commodity Intelligence Service (ICIS), Russian-piped gas LNG shipments made up 15 per cent of supply delivered to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina, and North Macedonia, FT reported. While U.S. LNG supplies made up just 14 per cent of the supply. The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combi...
Kyiv Independent (CA)
Russia overtook the United States in the month of May as the lead supplier of liquified natural gas (LNG) to Europe for the first time in nearly two years, the Financial Times reported on June 16. According to the International Commodity Intelligence Service (ICIS), Russian-piped gas LNG shipments made up 15 per cent of supply delivered to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina, and North Macedonia, FT reported. While U.S. LNG supplies made up just 14 per cent of the supply. The report attributes decreased U.S. exports to a one-time outage at a major LNG export facility, combi...
Kyiv Independent (UK)
The Po Delta covers an area of around 500 km2 in northeast Italy. Located around an hour south of Venice, the wetlands veined with rivers are some of the largest and richest in the Mediterranean. Partly created by slow sedimentation and partly by human reclamation efforts, the park is a complex mosaic of lagoons, marshes, beaches and farmland. However, the UNESCO-designated biosphere reserve is engaged in a long-standing battle against the encroaching Adriatic Sea. Now, a reignited project to drill for gas offshore is prompting fresh fears of flooding. Italy’s UNESCO-designated delta is sinkin...
Euronews (English)
Companies would be largely free to rely on carbon offsetting to back up their claims to be climate friendly, under a leaked draft inter-governmental position on a European anti-greenwashing directive, sparking criticism that one set of standards might apply to companies and another to the products and services they sell. In an updated compromise text, dated 22 May and seen by Euronews, Belgium has made what may be its final attempt to forge an inter-governmental position on a proposed Green Claims Directive before it hands over the rotating presidency of the EU Council to Hungary in July. A ke...
Euronews (English)
Sustainable energy company EOG Resources has reported its Q1 2024 quarterly earnings, with better-than-expected results all round. One chief reason for this, according to the company, was that EOG experiences “volumes and total per-unit cash operating costs better than guidance midpoints.” It also reflected the continued bullishness of investors and market sentiment at large for more sustainable energy solutions. EOG, with its natural gas, hydrocarbon and crude oil streams, seems to be benefitting from the zeitgeist nicely. Net income and free cash flow riseThe company reported an adjusted net...
Invezz
Turkey is in discussions with US energy giant ExxonMobil regarding a multibillion-dollar deal to buy liquefied natural gas. In an interview with the Financial Times, Turkish energy minister Alparslan Bayraktar said that his country was hoping to diversify its energy providers, therefore bolstering national security. As part of the proposed deal, Turkey would secure up to 2.5 million tonnes of LNG a year from Exxon, at a cost of around $1.1 billion. The agreement could last a decade, although the exact conditions were yet to be determined, Bayraktar said. Watchdog urges caution on reducing Russ...
Euronews (English)
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