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...The head of Ukraine’s national energy company has called on EU countries to help protect its natural gas storage facilities from a recent spate of Russian attacks so they can keep contributing to lower prices...
...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...
...Gas storage levels across the EU are already above 60 per cent full in April and analysts expect that this year, the bloc’s underground gas storage will be 90 per cent well ahead of the winter....
...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....
...It is unpopular with environmentalists who argue that CCS enables oil companies to keep drilling....
...As part of the Turin agreement, ministers also set a global target to increase electricity storage capacity sixfold from 2022 to 2030....
...investors in Shell, including Amundi and Axa Investment Managers, have sent a letter to shareholders urging them to back a resolution seeking stronger climate action and send a “strong signal” to the oil and gas...
...Ahead of discussions scheduled in June, the US and the EU have differed over the extent of a proposed ban on OECD countries extending export credit agency loans and guarantees for oil, gas and coal mining...
...The rules will set stricter emissions standards for existing coal plants and new natural gas plants — but not existing gas plants — and recommend controversial carbon capture and storage technology for the...
...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...
...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....
...As well as batteries, they will need to think of solutions for the occasional sunless, windless or grid-outage day, creating a market for long-duration storage....
...Three years ago, it bought a majority 60 per cent stake in National Grid’s gas transmission and metering network in partnership with British Columbia Investment....
...Europe’s energy crisis began in 2021 as the region exited a prolonged cold winter with low natural gas storage levels....
...That left the former with the upstream business focused on gas exploration and production and the latter on storage and transport....
...But in the letter, the investors argued that the oil and gas company’s assertion that its targets were aligned with the Paris Agreement was “unfounded”, adding that the company’s directors would have supported...
...“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...
...The groups also raised concerns about the reliance on technologies such as carbon capture and storage, which is expensive and has yet to be proven at scale anywhere....
...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...
...Europe is exiting its second winter of the gas crisis with storage at seasonally high levels. Benchmark prices are back down to familiar ranges....
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
...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...
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