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Energy / Natural Gas

Venezuela Has a Natural Gas Problem

Jul 25, 2024 at 11:47 | Charles Kennedy

Sitting on the world's largest oil reserves, Venezuela is mostly known as a crude producer—and a very troubled one. However, it also has significant gas reserves that it has been…

Centrica's Profits Decline Amid Return to Market Normalcy

Jul 25, 2024 at 08:21 | City A.M

The owner of British Gas, Centrica, has blamed “normalising” market conditions after two years of bumper results for its heavy slide in profit…

The West Aims to Rebuild Influence in Middle East Energy Hub with LNG Deals

Jul 23, 2024 at 14:00 | Simon Watkins

The last few days have seen the U.K.’s Shell and BP, Japan’s Mitsui, and France’s TotalEnergies each take a 10 percent stake in the huge Ruwais LNG (liquefied natural gas)…

Why China’s Commodity Imports Rise amid Struggling Economy

Jul 19, 2024 at 10:32 | Tsvetana Paraskova

So far this year, China has imported growing volumes of most of the key commodities, with the notable exception of crude oil. Chinese purchases of LNG, coal, copper, and iron…

Turkey Willing To Boost EU Gas Exports If Bloc Guarantees Demand

Jul 19, 2024 at 09:50 | Alex Kimani

Turkey has said it is prepared to significantly increase natural gas exports to the European Union, desperate to further wean itself off Russian gas, but it won’t be easy or…

U.S. Natural Gas Market Becomes a Global LNG Force

Jul 19, 2024 at 09:36 | Tsvetana Paraskova

After years of being more or less isolated from the rest of the world, U.S. benchmark natural gas prices are becoming an influential force in shaping the structure of many…

Are AI Data Centers Sparking a Bullish Case for Natural Gas?

Jul 18, 2024 at 08:33 | David Messler

In a recent OilPrice article, I argued that new demand from AI Data centers would be bullish for the natural gas market. In…

LNG Market Crucial for Energy Security and Decarbonization Plans

Jul 17, 2024 at 08:52 | Haley Zaremba

Global liquefied natural gas markets (LNG) are in a prolonged state of flux. The ongoing Russian war in Ukraine has continued to create waves in global energy markets, and the…

Novatek's LNG Ambitions Hindered by Geopolitical Tensions

Jul 15, 2024 at 06:37 | Michael Kern

Natural gas sales of Russian gas producer and LNG exporter Novatek dropped in the second quarter and first half of this year compared to the year-ago periods, the company said…

Southeast Asia Poised for $100 Billion Offshore Gas Boom

Jul 12, 2024 at 06:17 | Rystad Energy

Offshore gas production in Southeast Asia is poised to unlock a $100 billion potential, driven by a flurry of planned final investment decisions (FIDs) expected to materialize by…

Russia And Iran Move A Step Closer To Creating A Gas OPEC-Style Cartel

Jul 09, 2024 at 09:35 | Simon Watkins

The signing of a memorandum of understanding (MoU) last week between Russian state gas giant Gazprom and the Iranian National Gas Company (NIGC) to begin direct transfers of gas from…

Is Saudi Arabia Set On Becoming A Global Gas Leader?

Jul 08, 2024 at 18:12 | Simon Watkins

Saudi Arabia may be the third largest producer of crude oil in the world, after the U.S. and Russia, but its gas output has struggled over the years to make…

Has The Extreme Bear Market in Natural Gas Come to an End?

Jul 05, 2024 at 09:40 | Editorial Dept

Editor's Note: This is a complimentary free numbers report for Oilprice.com readers. Global Energy Alert members receive a Numbers Report plus the latest geopolitical intelligence…

Iran to Purchase 10 Billion Cubic Meters of Turkmen Natural Gas Annually

Jul 05, 2024 at 06:00 | Eurasianet

Turkmenistan and Iran signed a contract on July 3 for the delivery of 10 billion cubic meters of Turkmen natural gas per year, which Iran will then ship…

In Full War Mode, Israel To Double Gas Exports, Expand Production

Jul 04, 2024 at 15:59 | Alex Kimani

The Israeli government has approved plans to more than double the country’s natural gas exports and expand production at the giant Leviathan Gas Field in a bid to…

Saudi Aramco Bets on Unconventional Field in $25-Billion Gas Expansion  

Jul 02, 2024 at 09:42 | Tsvetana Paraskova

The world’s biggest oil company and crude oil exporter, Saudi Aramco, is betting big on its unconventional natural gas reserves to strategically grow its domestic and international gas and LNG…

Aramco Targets 60% Increase in Gas Production by 2030

Jul 02, 2024 at 08:33 | Felicity Bradstock

The Saudi state-owned oil major Aramco has big plans for its future in fossil fuels, despite calls for a global green transition. The oil and gas firm is investing heavily…

Gas Flaring Is Back With a Vengeance

Jul 01, 2024 at 06:34 | Felicity Bradstock

Within the last few years, a few ground-breaking reports have shown that the level of gas flaring from oil operations worldwide has been far higher than companies had led us…

China is Hoarding Coal Ahead of Summer Demand Peak

Jun 27, 2024 at 14:42 | Irina Slav

China, the world’s biggest investor in and generator of wind and solar power has been stocking up on coal in anticipation of peak demand during the summer. Now, the move…

China Puts Limits on 'No-Limits' Friendship' With Russia

Jun 26, 2024 at 08:10 | Tsvetana Paraskova

Vladimir Putin’s touted “friendship without limits” with China has reached at least one limit—Beijing is not committing to a massive new energy project to import Russian pipeline gas unless it’s…

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