China has taken on a more prominent role in the global liquefied natural gas (LNG) market by increasing its control and boosting its long-term supply deals. According to a report, the Chinese firms have struck deals to buy most of the LNG from several countries, giving them a greater role as an import intermediary in …
China Takes Control of LNG Market as Global Demand Soars Read More »
The price of natural gas futures in Europe dropped below 50 euros/megawatt hour, reaching the lowest level in over a year, according to a report by CNBC. The gas contract price fell below this mark for the first time since August 2021, after rising to near 340 euros/megawatt hours in September 2022, the highest level …
European natural gas prices fall below 50 euros, lowest in more than a year Read More »
China’s National Bureau of Statistics has revealed that China’s natural gas production continued to grow in December 2022. According to the statistics, China produced 20.4 billion cubic meters of natural gas in December, an increase of 6.5% from 2021. However, this growth was 2.1% lower than the previous month of November. For the full year …
China Natural Gas Production Up 6.4% in 2022, Full-Year Imports Down 9.9% Read More »
Natural gas prices in Europe soared today (Aug. 23) amid fears that winter power shortages could have a major impact on the region’s economy. Gas futures prices rose 5.2% to 291 euros per megawatt hour after reaching a record high yesterday. Russia’s Gazprom has announced that it will suspend gas deliveries through the Nord Stream …
Gas prices in Europe rise due to concerns about shortages in winter Read More »
According to a report published today by the IEA, global coal consumption will increase modestly in 2022, returning to the record level of nearly a decade ago. The IEA points out that the outlook for coal is fraught with uncertainty due to decelerating economic growth and turmoil in energy markets. Global coal consumption is expected …
Fossil fuels such as coal, gas, or oil are increasingly being cast in a bad light, precisely because of their high carbon emissions. Some countries have already taken steps to reduce CO2 emissions by expanding solar, hydro, wind, or even nuclear power. However, gas and coal are still the main sources of electricity in our …
Fossil Fuels Remain the World’s Largest Sources of Electricity Read More »
Rising inflation in most of the world’s economies and the Russian sanctions are driving up energy and commodity prices. Experts believe this will have a significant impact on the global economy. Even the IMF has now issued a warning and downgraded the growth outlook for most economies. Investors need to think carefully about their investments …
Big Japanese Energy Companies as Inflation Hedge Read More »
The price of natural gas (Henry Hub) has risen to over $7, a price last recorded in 2008. Year on year, the price has already risen by over 92% and currently stands at $7,189. Russia, which is currently facing heavy sanctions from the West, is having a hard time because exports have declined, according to …
Oil Crude oil prices have been volatile this year, which is probably also due to speculation, as the price moves with almost any news related to Ukraine or Russia. However, the trend in oil prices remains upward, even though the price of WTI crude fell 3.6% this week to close at $97.90 per barrel. The …
The North American natural gas price (Henry Hub) has already increased by 12.9% this week after the EU continues to consider a ban on Russian energy products such as gas, coal, or crude oil.Since the beginning of the year, the price of natural gas (Henry Hub) has already risen by 69.38%, and by as much …
Natural Gas Jumps 12.9% Since the beginning of the Week Read More »