Natural Gas Utilities

Since taking office in January 2017, Donald Trump has purchased more than $100,000,000 in bonds issued by companies, states and municipalities. This is according to new disclosures that shed light on his vast portfolio. The online forms posted on Tuesday show that the former Republican real estate mogul has made over 600 financial purchases in the past 21 days, the day following his second term as President. The filing of the U.S. Office of Government Ethics on August 12 does not give exact amounts, but only a range. These include corporate bonds issued by Citigroup, Morgan Stanley and Wells Fargo...

Since taking office in January 2017, Donald Trump's disclosures revealed that he has purchased more than $100,000,000 in bonds issued by companies, states and municipalities. The online forms posted on Tuesday show that the billionaire Republican President made more than 600 financial transactions since January 21, just one day after his second term as president was inaugurated. The filing of the U.S. Office of Government Ethics on August 12 does not give exact amounts, but only a range. These include corporate bonds issued by Citigroup, Morgan Stanley and Wells Fargo as well as Meta, Qualcomm, The Home Depot and T-Mobile...

The Federal Energy Regulatory Commission announced on Wednesday that President Donald Trump has named David Rosner chairman. He had served as a member of the commission since mid-2024. Rosner's appointment as a Democrat is likely to be temporary. In June, Trump nominated two of his Republican colleagues to the commission. They are awaiting confirmation by the Senate. FERC regulates power grids, liquefied gas projects, and the interstate transportation for oil and gas. It has a maximum five-member board. Mark Christie, the Republican member, left last Thursday. After the Senate confirms Laura Swett, the president will name her as chair. Trump...

New Fortress Energy announced on Tuesday that it had requested more time to file its second quarter report, ending June 30. The company cited ongoing discussions about additional credit support needed under one of its loan agreements. The shares of the U.S. based company that produces liquefied gas fell nearly 5% at first trading. New Fortress stated in a filing to the U.S. Securities and Exchange Commission that the timing of the resolution of the discussions was uncertain and could have an impact on how the long-term debt and disclosures related to it are presented. It is also necessary to...

The Spanish power utility Naturgy announced on Tuesday that it had sold approximately 5.5% of its stock through an accelerated sale and a bi-lateral sale, as part of a plan to increase the free float of its shares and return to its main indexes. A bookbuilding accelerated, which opened on Monday, raised 500 million Euros ($577.30 Million) by selling 2% of the company's shares at 25,90 euros. Morgan Stanley advised on the bookbuilding. The company did not disclose the price of each share. In another transaction, Naturgy sold 3.5% its shares to a "financial entity" that was unidentified. The company...

Enbridge, the Canadian pipeline operator, beat analyst's expectations for its second-quarter profits on Friday. This was boosted by earnings from newly acquired U.S. utilities and from its gas distribution business. The company announced that it had sanctioned the expansion of Aitken Creek, a gas storage facility located in British Columbia to accommodate the growing demand for LNG on the west coast of Canada. It also said that Line 31 would be expanded by 160 million cubic feet a day in the U.S. Southeast. Pipeline operators benefit from a rise in natural gas demand, driven primarily by LNG exports and rising...

Shell-led LNG Canada has been experiencing technical difficulties as it ramps production up at its liquefied gas plant in Kitimat. One LNG tanker was diverted away from the plant without superchilled fuel, according to data provided by LSEG and four sources. The facility is the first major LNG-export facility on the West Coast of North America and Canada, providing access to Asia, which is the largest LNG market in the world. When fully operational, the facility will convert approximately 2 billion cubic foot of gas each day (bcfd), which is what market participants hoped would boost Canadian natural gas pricing....

Bloomberg News reported Wednesday that Puerto Rico has ended negotiations to negotiate a $20 Billion liquefied gas contract with New Fortress Energy. The report was based on a negotiator. The report stated that New Fortress refused to discuss any changes to the contract, and also missed a crucial deadline. It cited Osvaldo Lnares, President of Recoms Group - the third-party procurement office on the island. New Fortress shares fell by more than 3% during afternoon trading. Stocks have fallen more than 75% over the last six months. The U.S. Energy firm has struggled to secure LNG on long-term contracts for...

CPC Corp, Taiwan's state owned energy company, said that it was not in negotiations for "specific" shale fields in the United States. However, it did not exclude any potential partners and would make the best decision based on their own evaluations. Three sources with knowledge of the matter said earlier this month that CPC was in early discussions to purchase shale gas producing assets in the United States. The move is part of a plan to secure the supply for natural gas to fuel Taiwan's economic growth. CPC stated in a late Monday statement that the U.S. Shale Gas has...

Venture Global and Eni announced on Wednesday that they will provide 2 million metric tonnes of liquefied gas per year to the Italian energy group Eni. Eni has signed its first long-term LNG contract with the United States. In April, Giorgia Melons told Donald Trump that Rome would boost imports of U.S. LNG to improve relations between North America and Italy. In a separate deal, Venture Global announced last month that it would provide an additional 0.75 millions metric tons of LNG per year to Germany's SEFE Energy GmbH. Negotiations are currently underway between the European Union and Washington to...

Three industry sources familiar with the matter have confirmed that India's GAIL, the state-owned gas company in India, is in the initial stages of talks to purchase liquefied gas from the proposed Alaskan LNG project. This comes as South Asia expands its capacity for imports. The discussions with Glenfarne developer come at a time when India is working to increase its energy imports to the United States in order to narrow its surplus trade as part of an broader trade deal with Washington, to avoid the impositions of heavy U.S. Tariffs. The sources stated that GAIL's talks are preliminary, as...

The wholesale gas price in the Netherlands and Britain fell by more than 10% Tuesday morning, following the news that Iran had agreed to a ceasefire with Israel. This removed the premium for risk the market had built into the market due to potential disruptions of oil and gas supplies. The benchmark Dutch front month contract at the TTF Hub fell by 4.86 euro to 36.38 Euros per Megawatt Hour (MWh), which is $12.38/mmBtu by 0939 GMT. It had traded as low 35.45 Euros/MWh earlier, LSEG's data showed. The British front-month contracts was down 13.72 pennies at 84.85 cents per...

Germany and Canada agreed to intensify their cooperation in the area of critical minerals on Tuesday amid global concerns about China's export restrictions and Berlin's efforts to reduce dependence on a single source. Minerals like copper, tungsten and gallium are essential for Canada's and Germany’s advanced manufacturing, defence technologies and clean energy technologies. China's decision in April to stop exports of rare Earths and magnets related to them has disrupted the global supply chain, causing a major blow to automotive, aerospace, semiconductor, and military contractors. German Economy Minister Katharina Riede and Canada’s Energy and Natural Resources minister Tim Hodgson have...

Two people with knowledge of the situation said that Berlin was considering extending its trusteeship for the sixth time over the German assets owned by Russian oil producer Rosneft, as the efforts to sell this business continue. The renewed trusteeships put pressure on Berlin to create a more suitable legal structure for Rosneft’s activities in Germany. This situation is emblematic for the challenges Berlin faces when dealing with Russian assets located in Germany, at a moment when efforts are intensifying to end the conflict in Ukraine. In September 2022, the German assets of Rosneft, including the Schwedt refinery, MiRo refinery,...

Dmitry Medvedev, the former Russian president, said that the framework agreement between the European Union (EU) and the United States is "anti-Russian", comparing it to a ban de facto on the purchase of Russian oil and natural gas. On Sunday, the U.S. and the EU reached a deal that imposes a 15% tariff on the majority of EU goods. Ursula von der Leyen said, in a subsequent statement, that the agreement will help the EU phase out Russian fossils fuels and replace them with American alternatives. The purchase of U.S. Energy Products will help to diversify Europe's supply sources and...

Robert Fico, the Prime Minister of Slovakia, said that Slovakia would stop blocking approval of the 18th set of sanctions by the European Union against Russia this Friday. Fico said that the Slovakia has achieved all it can at this stage, after repeatedly blocking the EU approval of sanctions to demand guarantees for damages it fears will result from a separate EU Plan to stop all gas imports to Russia by 2028. Fico stated in a Facebook video that it would be counterproductive at this point to continue blocking the 18th package of sanctions tomorrow. EU diplomats have confirmed that...

A letter obtained by revealed that the European Commission would work to address Slovakia’s concerns about the EU’s plan to phase-out Russian gas imports. This comes as Brussels tries to reach an agreement on new EU sanctions towards Russia. The Slovakian government has blocked the latest EU sanctions against Russia over its invasion of Ukraine, until it is satisfied that the EU's separate proposal to phase-out imports of Russian Gas by January 1, 2020 has been addressed. Slovakia claims that stopping Russian gas production could lead to shortages, an increase in transit fees and prices, as well as damage claims...

Aleksandar Vucic, Serbia's populist president and a friend of Moscow, visited Odesa in Ukraine on Wednesday for a regional conference. It was the first visit to the country by the leader during his 12-year tenure. Vucic’s office released a statement saying that he will travel to Ukraine to attend the Ukraine-Southeastern Europe Summit at the Black Sea Port of Odesa. This week, Odesa was the target of a Russian drone attack and missiles. The summit was expected to bring together senior politicians from 12 nations in Southeastern Europe. Gazprom, Gazprom NEFt and Gazprom are the majority owners of the only...

The company announced on Tuesday that Alfred Stern, Chief Executive Officer of Austrian oil-and-gas group OMV, has decided to not run for reelection when his current term expires on August 31, 2026. Stern is CEO of the Vienna-based firm since September 2021. He previously ran the Borealis division, and tried to steer it away from fossil fuels toward sustainable fuels and chemical. In March, he oversaw the merging of Abu Dhabi National Oil Company with OMV's Polyolefin business, creating Borouge International, a chemical powerhouse with a $60 Billion enterprise value. The merger should be completed in the first quarter 2026....

What are the possible contours of a peace agreement between Russia and Ukraine? SECURITY GUARANTEE Ukraine, which has been subjected to a full scale invasion in 2022, and witnessed Russia annex Crimea, needs security guarantees from major powers, primarily the United States. The Budapest Memorandum of 1994, in which the U.S., Russia and Britain agreed to refrain from using force against Ukraine and respect Ukrainian sovereignty was not enough for the Ukrainian government. The powers agreed to take the matter to the United Nations Security Council in the event of an attack on Ukraine. Sources involved in the talks say...

Aleksandar Vucic, the president of Serbia, said that his country is committed to joining the European Union. He also wants to accelerate its application for membership. Vucic visited Russia for a celebration of the 80th Anniversary of World War II Victory on May 8-9. There, he also met with Vladimir Putin, the leader of Russia and Chinese President Xi Jinping. Vucic, who met Antonio Costa, President of the European Council on Tuesday, said that Belgrade wanted to accelerate its European Integration and open more negotiations with the bloc. "The atmosphere in the EU is not great, as I was convinced...

EU officials say that European officials have given up on pushing for an import ban of Russian liquefied gas in the bloc as part of upcoming packages due to resistance from certain governments and the uncertainty over alternative sources. The Commission instead wants to create a road map that will end the EU's dependence on Russian energy in 2027. The plan will be announced early in May, but there are few details. Officials say that the work on the measures has been slow. The Commission will likely propose a 17th set of sanctions against Russia in June. In January, when...

Sources with knowledge in the matter say that U.S. officials and Ukrainian officials met Friday to discuss a U.S. plan to gain access to Ukraine’s mineral wealth. However, they also said the chances of a breakthrough are slim, given the "anti-social" atmosphere at the meeting. Source: The tensions in Washington stemmed from Trump's latest draft proposal which is more expansive than its original version. The source pointed out that the "maximalist draft" submitted by the Trump Administration last month was a sign of the hostile negotiating climate. A spokesperson for the Treasury Department confirmed that discussions were "technical" in nature....

RusKhimAlyans is a subsidiary owned by Gazprom. It has announced job openings for its new complex of gas processing in the Baltic Sea Port of Ust-Luga. This was a signal of confidence that the plant would start operating despite the sanctions. Gazprom has a strategy of shifting its focus from production to processing. The complex will include a gas chemical and processing complex. The plant is designed to be able to process 45 billion cubic meters of natural gas per year, as well as 13 million metric tonnes of liquefied gas. It can also produce 3.6 million tones of ethane,...