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European natural gas inventories rose by +16 BCF over past week. EU nat gas storage 96% full. Current inventories at 3667 BCF.

SHARM EL-SHEIKH, Egypt (AP) — The war-inspired natural gas boom is undermining already insufficient efforts to limit future warming to just a few more tenths of a degree, a new report says. Planning and build-up of liquified and other natural gas — due to an energy crisis triggered by Russian’s invasion of Ukraine — would add 2 billion tons of carbon dioxide equivalent (1.9 billion metric tons) a year to the air by 2030. The sheer amount of liquified natural gas projects in the pipeline for construction shocked the analysts, Hare said. The report calculates that if everything planned goes...

President Joe Biden (D) snapped at a young woman who attended a political rally that he hosted on Sunday at Sarah Lawrence College in New York for gubernatorial candidate Kathy Hochul. “No more drilling. There is no more drilling,” Biden snapped at a young woman in the crowd. “I haven’t formed any new drilling.” “There are at least five more years of offshore drilling,” the woman shouted back. “— in the Atlantic or the Pacific but in the Antarctic and off the gulf of New Mexico.” “That was before I was president,” Biden responded. “We’re trying to work on that...

Germany could be completely out of gas by February, the country’s gas agency has said, with some experts saying that the country needs to cut consumption by 30 per cent to make it through the crisis intact. A reduction in gas consumption of up to 30 per cent may be required if Germany wants to make it through the coming winter intact, some experts have claimed, while the country’s gas agency has expressed concern that the nation could run out of the hydrocarbon by February.

Trillion Energy International Inc. (CSE: TCF) (OTC: TRLEF) (Frankfurt: Z62) is a company in the right place at the right time as it is poised to bring on desperately needed natural gas production within weeks to the European market. With energy prices going parabolic, gas supplies cut off and the Ukraine War drags on with no end in sight, Europe is facing a long cold winter and a decade of sky-high energy pricing. Russia has indefinitely shuttered the Nord Stream Pipeline, thereby cutting off much of Europe’s natural gas supply, in retaliation for Western sanctions. The pipeline won’t flow again...

This winter may see Europeans freezing to death, unable to heat their homes as natural gas supplies dwindle. Unemployment and bankruptcies will soar, as companies find themselves unable to cover their costs due to high energy prices. Germany’s vaunted chemical industry, heavily dependent on natural gas feedstock, is likely to wither on the vine. An economic and social disaster reminiscent of the 1930s is possible. The word “deindustrialization” is becoming real.And yet, as Bloomberg reports:Beneath the windmill-dotted marshlands of the Netherlands lies Europe’s largest natural gas reserve. The sprawling Groningen field has enough untapped capacity to replace, as soon as...

China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to buyers in Europe and Asia, to make sure China has enough supply for domestic needs this winter. The National Development and Reform Commission has spoken to Chinese energy giants PetroChina, Sinopec and CNOOC...

The sitting US Secretary of State very recently declared in an official press conference that the NS1 and NS2 pipeline sabotage will have “no impact on European energy resilience”… We should assume that Secretary Antony Blinken was referring to the timely supply of US LNG substitute equivalent to pipeline nat-gas now theoretically available (not) which would save the European day. With a clear smile, Blinken considered it to be a “tremendous opportunity” for the US to help Europe wean off of Russian energy… with the USA ready to be “the leading supplier (of dirty fracked seaborne LNG) to Europe”. And...

If Europe was a school student, last week it sat its first exam in Energy Savings 101. It failed. And that doesn’t bode well for much tougher tests to come in January. Despite strong imports of liquefied natural gas to replace Russian shipments, Europe needs to reduce gas consumption — by a lot — if it’s going to make it through the winter. Extra supply won’t be enough. Conservation is absolutely paramount. The exact amount varies from country to country, but on average, the European Commission has suggested a 10%-15% demand reduction. Germany and a few other nations, which in...

Russia has been playing this game for months and now it seems to have reached its inevitable outcome. The gas supply flowing through the Nord Stream 1 pipeline has been completely shut off. Russia claimed this week that it was shutting the gas supply off temporarily in order to do maintenance on the line. Then it claimed it had discovered a problem which prevented it from resuming the supply. No one is being fooled by any of this anymore. Even the German company that built the machines used to pump gas through the pipeline has said Russia’s explanation makes no...

LONDON/MADRID (Reuters) - Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this "exceptional situation". Europe is facing an energy supply squeeze as Russia has progressively cut gas flows after the West imposed sanctions in response to Russia's invasion of Ukraine in late February. The region has had to find alternative supplies, including LNG, but the arrival of multiple cargoes of the superchilled fuel has exposed Europe's lack of "regasification" capacity,...

LONDON, Oct 18 (Reuters) - Dutch and British wholesale gas fell on Tuesday as low demand due to warmer-than-usual weather and ample supply due to the steady arrival of liquefied natural gas (LNG) tankers put pressure on prices.The benchmark front-month Dutch contract dropped for the fifth consecutive trading day and was down 13.50 euros at 116.50 euros per megawatt hour (MWh) by 0858 GMT, the lowest level since mid-June.The British day-ahead contract fell by 23.00 pence to 35.00 pence per therm"Weak demand and comfortable supply continue to exert strong downward pressure. New weather forecasts pointing to warmer temperatures provide additional...

Grid officials warn of strain as the region competes with European countries for shipments of liquefied natural gasNew England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to generate electricity. New England, which relies on natural-gas imports to bridge winter supply gaps, is now competing with European countries for shipments of liquefied natural gas, following Russia’s halt of most pipeline gas to the continent. Severe cold spells in the Northeast could reduce the amount of gas available to generate electricity as more of...

During a meeting with his Turkish counterpart Recep Tayyip Erdogan on the sidelines of a security conference in Kazakhstan, Putin also suggested setting up a natural gas exchange market in Turkey to determine prices, according to the Interfax news agency. "We could consider building another gas pipeline and creating a gas hub in Turkey for sale to third countries, especially in Europe," Putin said. On Friday, Erdogan said he ordered his government to quickly present their implementation plans, saying that the hub "will be an international distribution center." According to Putin, more gas could be piped to Europe via Turkey...

Larry Summers — who served as treasury secretary under former President Bill Clinton and was the director of the National Economic Council under former President Barack Obama — admitted during a Friday interview on Wall Street Week that cancelling the Keystone Pipeline was a "mistake" and that slowing oil permits and "being hostile as a country" toward natural gas were errors as well. What are the details? During the interview, Summers was asked about the OPEC+ move to slash oil production by 2 million barrels a day in order to control prices — a move that was a blow to...

On Monday, Europe’s natural gas prices fell to the lowest level in three months thanks to mild weather and a high level of LNG imports... hitting an intra-day low of $140 per megawatt-hour (down from $350 on August 26th, the lowest since July 1st). Gas storage in the EU is now at more than 90% and the bloc has managed to reduce its gas consumption by 10%.

The conversion occurred at room temperature and pressure, which could allow methane, a potent greenhouse gas, to be utilized to make fuel. The new method converts methane gas into liquid methanol. A team of researchers has successfully converted methane into methanol using light and scattered transition metals such as copper in a process known as photo-oxidation. The reaction was the best achieved to date for converting methane gas into liquid fuel at ambient temperature and pressure (25 °C and 1 bar, respectively), according to a study published in the journal Chemical Communications. The term bar as a pressure unit comes...

The US government expects households to see their heating bills increase by 54% compared with last winter. U.S. consumers will spend more to heat their homes this winter than last year due to surging energy prices, the U.S. Energy Information Administration (EIA) projected in its winter fuels outlook on Wednesday. US natural gas has climbed to its highest price since 2014 and is up roughly 90% over the last year. The wholesale price of heating oil has more than doubled in the last 12 months. The biggest reason for this winter’s higher heating bills is the recent increase in prices...

After three years of apocalyptic wailing and gnashing of environmentalist teeth over President Trump’s decision to withdraw from the job and economy killing Paris Climate Accord, it is ironic that the one country that faces the brunt of criticism from climate change zealots such as Greta Thunberg is leading the world and the European Union in lowering emissions and promoting cleaner energy, such as natural gas, all the while not hurting the economy: Despite shrieks of terror from the left about how President Donald Trump’s presidency threatens the existence of Earth and thus mankind, the fact is that under his...

Poland and Norway opened a new gas pipeline via Denmark on Tuesday, hailed as a much-needed alternative to Russian-controlled routes. At a ceremony in Poland, Norway’s Energy Minister Terje Aasland said the opening of Baltic Pipe was “a milestone on the important path towards European independence”... Danish Prime Minister Mette Frederiksen said it “marks a crucial geopolitical step for all of us.” “Putin uses Russian energy as a weapon to destabilise Europe, to divide us. He cannot be allowed to succeed,” Ms Frederiksen said, referring to the Russian president. Poland, one of the fiercest advocates in Europe of isolating Moscow,...