Natural Gas Utilities








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North America

Fossil Fuels

Ukraine gas imports will rise by 8% on February 2, driven by freezing temperatures and Russian attacks

The operator of the national gas transmission system revealed that Ukraine will increase natural gas imports on Tuesday by 8%, to 26,7 million cubic metres. Gas imports have increased by almost tenfold in the last few months after Russian missiles targeted Ukraine's natural gas facilities. "Shelling continues of gas distribution and production facilities. "We are doing all we can to make sure we have enough fuel to last through the heating season," said Prime Minister Denys Schmyhal at a government gathering. After Russian missiles attacked its gas installations, Ukraine asked its allies for help in importing more natural gas. A...

Oil & Gas

Prices of gas in Europe are mixed due to cold weather and stronger winds as the market watches Ukraine talk

On Monday morning the benchmark Dutch gas contract traded in a narrow range, as higher wind speeds reduced gas demand for electricity generation. Meanwhile the market was monitoring updates on the U.S. and Russian talks to end war in Ukraine. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub was nearly flat at 50.75 Euros per megawatt hour, or $15.59/mmBtu by 1004 GMT. Last week, the contract dropped to 49.25 Euros/MWh - its lowest level since 29 January. The British day-ahead contracts fell 1.25 pence to 124.55 pence/therm, while the Dutch contract lost 0.32 euros at...

Electric Utilities

Duke Energy increases five-year capital expenditure plan to increase power supply

Duke Energy announced on Thursday that it had increased its five-year plan for capital expenditures to $83 billion. This represents a 13.7% increase, and is to meet the rising demand due to population growth in the U.S. Southeast, and expansion of data centres and advanced manufacturing. According to the U.S. Energy Information Administration, the U.S. energy demand will reach record levels in 2025 and 2020 due to new AI and cloud computing centers as well as the electrification and modernization of buildings and transport. The rapid population growth in the Southeast, where Duke is one of the largest electric utilities,...

Electric Utilities

Duke Energy increases five-year capital expenditure plan to meet increased industrial and data center demand

Duke Energy raised its five-year plan for capital expenditures to $83 billion on Thursday, an increase of 13.7%. The utility is looking to improve its grid in order to capitalize on the increasing demand from data centres and increased electrification. According to the U.S. Energy Information Administration, U.S. electricity demand will reach record levels in 2025 and 2026, due to demand from data centres dedicated to artificial intelligence, cryptocurrency and homes and businesses to heat and transport. Duke plans to raise $6.5 billion in equity during its 2025-2029 capital plan, including $1billion this year. It plans to finance approximately 40%...

Oil & Gas Drilling

Trinidad increases revenue from LNG sales following contract revamp

Stuart Young, the energy minister of Trinidad and Tobago (the largest producer in Latin America and Caribbean) said that the government is generating more revenue through LNG exports. The cargoes are sold at a price between 15 and 55 percent above the Henry Hub, he added. After five years of negotiation, the increase is a result of a revamped contract in late 2023, which set new financial conditions for participants in Atlantic LNG, the country's flagship LNG project. Prior to the revamp, LNG production in Trinidad barely reached prices near Henry Hub for cargoes that were sold to customers throughout...

Mineral Resources

Modi's US Visit raises Industry Hopes amid Tariff Threats

The Indian Prime Minister Narendra Modi is on a two day visit to the United States starting Wednesday. He will be expected to suggest tariff reductions and increased imports of energy and defence during a meeting between President Donald Trump. Modi wants to avoid a trade war by boosting trade relations after Trump threatened reciprocal duties on many countries. This included a 25% duty on all imports of steel and aluminum. The following are the key issues that will be discussed at the bilateral meeting. Imports of Energy India intends to increase energy product imports from the United States by...

Natural Gas Utilities

Maze Therapeutics debuts on Nasdaq with a lukewarm $690.4 Million valuation

Maze Therapeutics was the latest drug-developer to list on the New York Stock Exchange. Its shares rose nearly 1% during their debut and gave the company a value of $690.37 millions. The market's muted reaction indicates that investors are still cautious, as the demand for new listings is slowly recovering after a dry spell of nearly three years. The opening price for the company's shares was $16.12, compared to an initial public offering of $16. Maze increased its IPO size to 8.75 million shares in the range of $15-$17 each, to raise $140 millions. It originally planned to sell 7.8...

LNG

Trump states US will guarantee LNG materials for Europe

President Donald Trump said on Thursday the United States would ensure supplies of liquefied natural gas to Europe, even amidst concerns that the flourishing export market might enhance prices of gas for U.S. consumers. TotalEnergies CEO Patrick Pouyanne asked Trump, who was speaking remotely at the World Economic Forum on Thursday in Davos, Switzerland, what he would do if expected development in U.S. LNG jobs improved the domestic gas cost. He likewise asked Trump if he would consent to guarantee security of LNG materials to Europe, which is lowering its reliance on gas from Russia. I would ensure that you...

Natural Gas Utilities

EUROPE GAS-Prices increase on shrinking stocks and cooler outlook

Dutch and British wholesale gas costs increased on Thursday, as winter contributed to concerns about the trouble of filling up fastdepleting gas stocks and balanced out the effect of indications of a reboot at the U.S. Freeport export plant. The benchmark front-month contract at the Dutch TTF center was up 1.63 euros at 50.40 euros per megawatt hour ( MWh), or $15.38/ mmbtu, by 0952 GMT, LSEG information revealed. The Dutch day-ahead agreement was up 1.23 euros at 50 euros/MWh. In Britain, the front-month NBP agreement got 3.73 cent to 126.85 p/therm, while the day-ahead contract was up 3.75 p...

Natural Gas Utilities

Indian Gas Exchange seeks regulative nod to launch 3-6 month contract

The Indian Gas Exchange (IGX) is searching for regulatory approval to introduce a 36 month gas contract, its chief executive, Rajesh K Mediratta, said on Friday. We are waiting for a clearance from PNGRB (Petroleum and Natural Gas Regulatory Board), Mediratta told reporters at a. press conference. IGX, an unit of Indian Energy Exchange, currently. has intraday, dayahead, daily, and fortnightly agreements. The rates of the 3-6 month agreement will be linked to. international criteria and IGX's own index called GIXI. The new long-duration agreements will have a payment cycle of. a fortnight compared to the existing 2-3 days, Mediratta...

Fossil Fuels

Gautam Adani breaks silence on US indictment to state his group is committed to compliance

Adani Group founder Gautam Adani responded for the very first time on Saturday to accusations by U.S. authorities that he belonged to a $265 million bribery scheme, saying that his portstopower corporation was committed to world class regulatory compliance. Less than two weeks back, we dealt with a set of claims from the U.S. about compliance practices at Adani Green Energy. This is not the very first time we have dealt with such challenges, Adani said in a live-streamed speech at an awards ceremony. What I can tell you is that every attack makes us more powerful and every barrier...

Power Markets

US energies boosting capex strategies to meet demand from power-guzzling sectors

Major U.S. energies are anticipated to spend greatly on updating their electrical lines and grids over the next 5 years to deal with powerhungry sectors, although professionals fret that their plans to raise rates greatly to balance out greater expenses might face regulatory hurdles. In the previous couple of weeks, about nine energies had actually raised their capital investment anticipated by 22% typically for the three years starting in 2025, as they anticipate insatiable demand from AI-focused information centers and battery-powered electric cars. A Reuters analysis revealed that four of these energies had raised their capital spending by record levels....

Europe

Electric Utilities

National Grid sells US Renewables Arm to Brookfield for $1.7 billion

National Grid, a British company, announced on Monday that it had reached an agreement to sell its U.S. Onshore Renewables business to Canadian Investment firm Brookfield Asset Management. The deal includes debt and is valued at $1.74 billion. National Grid is refocusing its investments on its energy networks business, and looking for buyers for its renewables division and Grain LNG terminal in Britain. This is part of the divestment plan announced by National Grid last May. Shell, BP, and Equinor are among the energy companies that have begun to reduce their investments in renewables and low carbon businesses due to...

Natural Gas Utilities

The price of gas in Europe has risen on the news that EU is working on flexible storage targets

Dutch wholesale gas contracts recovered earlier losses which sent prices to near four-week lows. Prices also rose after an EU draft will be working on more flexible targets for filling gas storage. A draft EU document revealed that the European Commission would work to develop more flexible targets so EU countries can fill their gas storage before winter. This follows concerns from some governments about Europe's strict deadlines for filling up. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub reversed earlier losses, and rose by 1,63 euros, or $15.16/mmBtu to 49.45 Euros per megawatt hour The...

Fossil Fuels

Ukraine gas imports will increase by a third on Wednesday following Russian attacks

Data provided by the operator for gas transmission system revealed that Ukraine will increase its gas imports on Wednesday by a third to 22,6 million cubic meters following Russian missile attacks against Ukrainian gas production plants earlier in the week. Naftogaz, Ukraine's state oil and gas company, said Tuesday that its production facilities had been damaged by a Russian airstrike on the central Poltava area of Ukraine. Operator data indicated that Ukraine would import 8,6 mcm gas from Hungary. 12,2 mcm was imported from Slovakia. 1.8 mcm came from Poland. In recent months, Russia has intensified its attacks against Ukrainian...

Western Europe

North Asia

Energy Markets

Denmark to permit conservation work on harmed Nord Stream 2 pipeline

Denmark's energy agency on Tuesday said it had actually approved Nord Stream 2 AG, a system of Russia's. Gazprom, consent to carry out preservation deal with. the Nord Stream 2 gas pipeline in the Baltic Sea, which was. harmed in a series of blasts in 2022. The upkeep work is necessary to decrease ecological. and security threats coming from the pipeline being filled with. seawater and staying gas, the agency stated in a. declaration. The work intends to protect the damaged pipeline by. installing customised plugs at each of the open pipeline ends to. avoid even more gas blow-out and...

Oil Exploration

Chevron interested in Greek hydrocarbon expedition, states energy ministry

U.S. oil manufacturer Chevron has actually revealed an interest in exploring for hydrocarbons in Greece, southwest of the Peloponnese peninsula and as much as the west of the island of Crete, the Greek energy ministry stated on Monday. The ministry added in a statement that it would release a. decision this week on the precise area of exploration and would. launch an international tender soon. It is a very essential advancement, part of our nationwide. method for energy self-reliance and lowering energy expenses, the. ministry said. Chevron did not immediately respond to an ask for comment. The existing research study...

Natural Gas Utilities

OMV sees favorable Q4 incomes impact of $215 mln from Gazprom arbitration

Austrian oil and gas group OMV said on Tuesday it expected a positive impact of around 210 million euros ($ 215.4 million) on its fourthquarter incomes from an arbitral award linked to its German gas supply contract with Gazprom. The Vienna-based company included the favorable net effect would be tape-recorded in the tidy operating outcome of its Gas Marketing && . Power business unit. OMV stated in November it had received an award of more than. 230 million euros from the International Chamber of Commerce in. connection with irregular German gas supplies from Gazprom. Export. In a fourth-quarter trading update,...

Energy Markets

Russia's Putin authorizes no-disclosure waiver for Novatek, Surgut

Russian President Vladimir Putin signed a decree on Monday allowing Novatek and its melted natural gas units, along with oil firm Surgutneftegaz, to restrict public disclosure about their services. Russia began keeping some information shortly after its soldiers got in Ukraine in February 2022. Certain oil and gas stats and federal spending plan details are hidden, while banks were purchased to restrict disclosures as Moscow looks for to limit its exposure to Western sanctions. Under Russian stock exchange guidelines, noted companies are generally needed to disclose their financial outcomes, details of big offers and other considerable information. Putin included the...

Natural Gas

Gazprom CEO paints bleak future for Europe without Russian gas

The CEO of the Kremlin-controlled energy giant Gazprom stated on Thursday that Europe was harming its own commercial sector by artificially damaging demand for gas, as Russian gas exports to the area have shrivelled. Alexei Miller stated there might be gas cost shocks and supply interruption ahead, informing a conference that production was declining greatly in some European market sectors badly affected by gas price volatility. He offered no particular examples. Russian gas supplies to Europe fell sharply after Moscow sent its militaries into Ukraine in February 2022, and much of the deficiency was used up by providers from the...

Energy Markets

Zelenskiy acknowledges Ukraine's military operation in Russia

President Volodymyr Zelenskiy acknowledged for the very first time on Saturday that Ukrainian forces were battling in the surprise offensive in Russia's. Kursk, as the border region's authorities rushed to leave. civilians from areas at risk. Moscow's forces remain in their sixth day of intense fights. versus Kyiv's biggest incursion into Russian territory since. the start of the war, which left southwestern parts of Russia. vulnerable before support began arriving. In an indication of the gravity of the scenario, Russia. enforced a sweeping security regime in 3 border regions on. Saturday, while Belarus, a staunch ally of Moscow, sent more....

Natural Gas Utilities

Finland's Gasum to end Russian LNG imports in line with EU sanctions

Finland's Gasum, a crucial gas provider to the Nordic area, will stop buying and importing Russian melted gas ( LNG) in July in line with fresh European Union sanctions, the company stated on Tuesday. Gasum complies with all sanctions enforced by the EU and will not acquire or import Russian LNG since 26 July, it stated in a declaration. EU member countries on Monday embraced a 14th package of sanctions on Russia that struck the nation's gas exports for the very first time. This includes a stipulation restricting the purchase or importation of Russian LNG through European Union terminals that...

Energy Markets

Finland's Gasum to stop Russian LNG import in line with sanctions

Finnish energy firm Gasum, a. key gas supplier to the Nordic area, will stop purchases and. imports of melted gas (LNG) from Russia in July in. line with fresh European Union sanction, the company said on. Tuesday. Gasum abides by all sanctions imposed by the EU and. will not acquire or import Russian LNG since 26 July, the. company stated in a declaration. EU member countries on Monday embraced a 14th package of. sanctions on Russia that hit the country's gas exports for the. very first time. This consists of a clause forbiding the purchase or import of. Russian LNG...

Natural Gas Liquids

China's Wison New Energies to stop Russian jobs in blow to Arctic LNG 2

Chinese engineering firm Wison New Energies has decided to stop all of its continuous Russian projects, and will immediately and forever stop taking any brand-new Russian service, the business said in a LinkedIn post. The relocation will impact the approved Arctic LNG 2 task by Russia's Novatek, which had actually said last year it prepared to construct a gas turbine power station for the liquefied natural gas plant using equipment from Wison and Harbin Guanghan Gas Turbine Co. Ltd. We appreciate the great relations we have actually built with our Russian partners in the past and worth the work we...

Natural Gas

Russia says Ukraine shells town of Sudzha through which gas flows to Europe

The guv of an area in western Russia stated on Friday that Ukraine had actually shelled several settlements including the town of Sudzha, the last functional transshipping point for Russian gas exports to Europe via Ukraine. Alexei Smirnov, acting guv of the Kursk region, made no reference of any damage to the gas facilities on his Telegram channel though he said two individuals were treated for injuries at a. Sudzha hospital. He likewise stated that a domestic home was ruined as the. result of the shelling in the location, located about nine km (five. miles) from the border with Ukraine....

Natural Gas Utilities

What will take place when the Ukraine gas transit offer expires?

Ukraine has stated it will not extend a fiveyear deal with Russia's Gazprom on the transit of Russian gas to Europe when it ends at the end of the year, however options are being explored. Considering that the Ukraine war, Norway has actually surpassed Russia to become Europe's leading pipeline gas supplier and the EU has actually increased liquefied natural gas (LNG) imports from the U.S. and other countries. WHAT IS THE UKRAINE GAS TRANSIT ROUTE? The Ukraine gas transit route, concurred upon by Moscow and Kyiv in 2019, allows Russia to export gas to Europe by means of Ukraine....

Natural Gas

EU and Ukraine ask Azerbaijan to facilitate Russian gas transit, says authorities

The European Union and Ukraine have asked Azerbaijan to assist in conversations with Russia regarding a gas transit deal that is set to end at the end of this year, an Azeri presidential consultant told on Thursday. Yes we were approached by the EU and Ukraine to play a role in the gas transit. We are dealing with that as a facilitator, Hikmat Hajiyev, a presidential advisor, said. While the EU has actually cut most of its Russian gas imports, some central European nations still depend upon gas from Russia through a. pipeline that crosses Ukraine. Austria still gets most...