Articles filed under Europe

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.

The Gate LNG import terminal has its first taker for renewable natural gas (RNG) liquefaction capacity at the Netherlands hub as Germany’s largest importer of the super-chilled fuel looks for opportunities to offset its shipping business.

The five-year natural gas transit agreement between Russia and Ukraine is due to expire at the end of the year, halting around 13.7 billion cubic meters (Bcm) of supply the European Union (EU) would need to replace with additional Norwegian pipeline and LNG imports to meet current demand.

Summer heat in the northern hemisphere and growing LNG demand could be kickstarting a mid-year price hike in global natural gas benchmarks.

State-owned LNG terminal operator Deutsche Energy Terminal GmbH (DET) reported it received no bids for capacity during its latest contracting period, attributing the lack of interest to low natural gas prices in Europe.

NO. 1: Golden Pass LNG Terminal LLC is looking to ramp up construction at the 18 million metric tons/year (mmty) capacity project after a bankruptcy court approved a deal between the project partners and Zachry Holdings Inc.

Natural gas-fired power generation in Europe declined 16% year/year during the first half of 2024, driven partly by a sluggish recovery in industrial demand across the continent, according to the European Union (EU) energy watchdog.

The UK’s new Labour government won in a landslide election earlier this month and has promoted the island country as a “clean energy superpower,” moving away from the previous government’s emphasis on oil and natural gas.