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...the shale gas industry is a major employer....
...EU gas storage alone can meet about two to two-and-a-half months of peak winter consumption....
...“To meet the needs of the power sector, we should be deploying hydrogen and gas CCS [carbon capture and storage] generation at a pace equivalent to the ‘dash for gas’,” Armitt said in his letter, in a reference...
...European companies’ sheer ability to pay secured new contracts as well as spot purchases from the US and Qatar....
...Last week Russia attacked an underground storage site, although “the situation will not critically impact” operations, according to Naftogaz, the state energy company....
...Companies such as SSE and Czech billionaire Daniel Křetínský’s EPH already have plans for new gas plants — although it is suggested these could be decarbonised through technologies such as carbon capture...
...Elsewhere in the US, a combination of warm winter weather and surging production from gas wells has filled up gas storage well above long-term averages....
...However, the ESO frequently ends up buying electricity from other sources, such as gas-fired power plants, even when batteries are available....
...The gas glut has pushed up inventories, with storage sitting at about 2.54tn cu ft last week, according to the EIA — 11 per cent higher than a year ago and 16 per cent higher than the five-year average....
...Many companies are working on long-duration storage technologies but crucially they must work at grid scale....
...She added that Russia’s invasion of Ukraine, while delivering a huge boost to the liquefied natural gas market that drove record profits for the Australian company, had also stalled momentum for the development...
...The midstream company was spun off from EQT in 2018 after activist pressure, with EQT retaining its upstream business, focusing on natural gas exploration and production, and Equitrans Midstream on storage...
...EU officials have been urging European companies to avoid buying Russian LNG now that gas storage levels are at record levels and prices have come down from the post-invasion peak....
...Companies began taking gas out of Ukrainian storage in early November, with net withdrawals averaging around 10.7mn cubic metres per day, according to Argus Media....
...Europe’s energy crisis began in 2021 as the region exited a prolonged cold winter with low natural gas storage levels....
...Weak natural gas prices and strong storage levels should spell bad news for US explorers and producers. Yet Lex believes the worst of the gas glut is over for US drillers....
...That left the former with the upstream business focused on gas exploration and production and the latter on storage and transport....
...“Gas is the only cost-efficient energy generation capable of providing the type of 24/7 reliable power required by the big technology companies to power the AI boom,” said Doug Kimmelman, ECP founder and...
...Europe is exiting its second winter of the gas crisis with storage at seasonally high levels. Benchmark prices are back down to familiar ranges....
...“It wouldn’t be such a bold statement to say the winter is over in the gas market because the storages are so full,” one gas trader said....
...This has muted demand for gas in the US and Europe, filling up inventories weeks before spring, when gas is typically injected into storage, and lowering the prices for Asian traders to compete for shipments...
...Natural gas emits less CO₂ than coal when burnt, but its main component, methane, is a more potent greenhouse gas than carbon dioxide, albeit shorter-lived....
...Despite occasional cold snaps and disruptions to liquefied natural gas shipping caused by the Houthi attacks on vessels in the Red Sea, ample levels of gas in the EU’s storage facilities have helped push...
...A dozen of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies following detection of 26 large leaks of the planet-warming...
...Blue-collar voters will once again play an important role in November, with opinion polls showing Biden with a very slight lead over Trump in the state....
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