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Iberdrola, EDF slam support for natural gas in EU's green finance rulebook
Two of Europe's largest power groups have called on the EU to refrain from backtracking on plans to essentially exclude natural gas from its green taxonomy, a guide for investors that is supposed to drive vast amounts of capital into climate-friendly activities over the coming decades.
read more... 25/03/2021
Anger as UK fails to rule out further North Sea drilling
The British government on Wednesday angered environmentalists by saying it could license further oil and gas drilling in the North Sea, months before it hosts a climate change summit.
read more... 25/03/2021
Saudi Arabia Skips LNG, Bets Big On Hydrogen
Last year, Saudi Arabia’s national oil company Saudi Aramco sent shockwaves through the natural gas markets after it announced that it was kicking off the biggest shale gas development outside of the United States. Saudi Aramco said it plans to spend $110 billion over the next couple of years to develop the Jafurah gas field, which is estimated to hold 200 trillion cubic feet of gas. The state-owned company hopes to start natural gas production from Jafurah in 2024 and reach 2.2 Bcf/d of sales gas by 2036 with an associated 425 million cubic feet per day of ethane.
read more... 24/03/2021
Daily (23.03.2021): British gas prices rose on Monday amid unplanned outages in Norway, bullish energy complex
Oil prices stabilized on Monday after a week of sharp declines, but ongoing jitters that the fresh lockdowns in Europe and the slow pace of vaccination rollout capped gains. Hence, Brent crude added 0.1% to settle at $64.62 a barrel. Meanwhile. U.S. WTI crude ended at $61.53 a barrel, posting a 0.2% gain day-on-day.
read more... 23/03/2021
Russian LNG would be competitive at $3.7-$7 per 1 million BTU
Future liquefied natural gas (LNG) projects in Russia would be competitive at $3.7-$7 per 1 million British thermal units (BTU), based on the country’s state LNG development plan.
read more... 23/03/2021