Articles filed under Europe

Nearly a dozen market participants announced a series of deals at Gastech 2024 in Houston last week, landing more than 5 million metric tons/year (mmty) of global LNG export and import capacity as supplies are forecast to grow through the end of the decade.

Petrochemical giant Dow Inc. said lower North American natural gas prices are driving an expansion of operations. Meanwhile in Europe, “right-sizing” the footprint “is necessary” with industrial demand still 25% off pre-pandemic levels.

As international natural gas shippers look to lower their overall carbon footprints, LNG is increasingly becoming the maritime fuel of choice to meet emissions regulations.

All signs point to North America becoming the worldwide price setter for natural gas, ConocoPhillips CEO Ryan Lance said Tuesday.

EQT Corp. said Wednesday it would supply Germany’s Uniper SE with 4 Bcf/d of independently certified natural gas in a pilot transaction with MiQ aimed at better verifying and differentiating the emissions profile of U.S. LNG cargoes.

Intercontinental Exchange Inc. (ICE) on Wednesday again reported record liquidity across its global natural gas futures markets as trade has grown more interconnected with the expansion of LNG.

European natural gas prices remained strong this week after Norway announced additional capacity cuts due to unplanned maintenance works, adding more uncertainty to Europe’s supply and demand balance.

European natural gas prices swung higher on Monday, carrying Friday’s momentum and starting what is likely to be another volatile week of trading as August comes to an end and the market factors in a number of risks despite a comfortable supply outlook for the continent.

German biofuels producer Verbio SE is seeking to export renewable natural gas (RNG) from the United States as it looks to expand its North American production and partnerships with Gulf Coast LNG exporters.

Despite efforts to ban Russian natural gas imports, Europe has been taking in more of it as higher spot prices in the Pacific Basin in recent weeks have drawn more American supplies toward Asia.