Natural Gas

Enbridge, Alaska in talks on new gas pipeline

Source: 
The Wall Street Journal

Canada's Enbridge Inc. is negotiating with Alaska to build a new natural gas pipeline along the North Slope, a potential challenger to a similar project proposed by TransCanada, The Wall Street Journal reports.

API's Finkel protests fracking initiatives on ballot

Source: 
The Hill

New American Petroleum Institute Vice President Louis Finkel protested a number of anti-hydraulic fracturing measures set to appear on ballots across the nation, calling the process "irresponsible," The Hill reports.

Oil

Oil prices continue to fall as supplies grow

Oil prices extended losses Thursday as the outlook for supply remained robust.

Benchmark U.S. crude for August delivery was down 36 cents to $101.93 a barrel at 0940 GMT in electronic trading on the New York Mercantile Exchange. The contract fell $1.11 to close at $102.29 on Wednesday.

Brent crude, a benchmark for international oils, inched down 1 cent to $108.46 on the ICE exchange in London.

Chinese, Japanese firms to launch Arctic LNG route

Source: 
The Wall Street Journal

Japanese and Chinese shipping firms announced plans to launch a new route across the Arctic Ocean to facilitate shipments of liquefied natural gas from Siberia to East Asia, The Wall Street Journal reports.

Gas demand could see boost from industrial projects: Study

Source: 
FuelFix

A University of Texas’ Center for Energy Economics study projects that demand for shale gas could increase from 19 to 31 percent by the end of the decade, fueled by a wave of industrial projects, FuelFix reports.

EU's united front on Russia falling amid gas needs

VIENNA (AP) — A clutch of countries is breaking ranks with the EU's efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep.

Their defiance of a European Union stop work order is more significant than just another missed chance for Europe to call out the Kremlin. Russian natural gas already accounts for around a third of the EU's needs. The South Stream pipeline could increase Russian supplies to Europe by another 25 percent, potentially boosting Moscow's leverage long after the Ukraine crisis fades.

Adding to the skein of Russian pipelines already ending in Europe, South Stream would go through Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg and Croatia, Macedonia, Greece and Turkey in a second. The European Commission, the EU executive, has ordered a construction moratorium over concerns with Russia's dual role as pipeline owner and gas supplier. It has also delayed some political talks on the pipeline amid the crisis in Ukraine.

EIA projects higher gas production than estimated

Source: 
Platts

In its Short-Term Energy Outlook, the Energy Information Administration projected that 2014 marketed gas production would hit 73.08 billion cubic feet per day, a slight increase from its earlier estimate, Platts reports.

EU's united front on Russia falling amid gas needs

VIENNA (AP) — A clutch of countries is breaking ranks with the EU's efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep.

But their defiance of a European Union stop work order is more significant than just another missed chance for Europe to call out the Kremlin. Russian natural gas already accounts for around a third of the EU's needs. The South Stream pipeline could increase Russian supplies to Europe by another 25 percent, potentially boosting Moscow's leverage long after the Ukraine crisis fades.

Adding to the skein of Russian pipelines already ending in Europe, South Stream would go through Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg and Croatia, Macedonia, Greece and Turkey in a second. The European Commission, the EU executive, has ordered a construction moratorium over concerns with Russia's dual role as pipeline owner and gas supplier. It has also delayed some political talks on the pipeline amid the crisis in Ukraine.

Oil

Oil slips further as supply fears recede

The price of oil slipped to near $103 a barrel Tuesday as concerns about possible supply disruptions continued to fade.

Benchmark U.S. crude for August delivery was down 12 cents to $103.41 a barrel at 0450 GMT in electronic trading on the New York Mercantile Exchange. It lost 53 cents to $103.53 on Monday.

Brent crude, a benchmark for international oils, fell 26 cents to $109.98 in London.

Gazprom: Ukraine debt climbs to $5.3B

Source: 
Reuters

Russia's Gazprom announced Ukraine has failed to make its natural gas payment in June, bringing the nation's total debt to the company to $5.3 billion, Reuters reports.

Pages

Subscribe to Natural Gas