Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
As Trump brags about U.S. oil and gas company profits, his stocks gained millions during Iran war
Washington — As President Trump boasts about how much money the U.S. oil and gas industry is making from the war with Iran, the president's personal holdings in oil and gas are now worth between $22.5 million and $81.6 million, compared with…
European gas prices soar to four-year high over winter supply fears
European gas prices have jumped to levels not seen since 2022 as fears continue to grow around the continent's supply this winter and ongoing conflict in the Middle East. Wholesale gas prices hit €97 (£81) per megawatt-hour on Monday…
Endangered turtles and 'exceptional' coral at risk from Woodside's gas drilling in WA, watchdog says
Woodside Energy's plan to drill for gas off Western Australia's north-west coast could significantly damage “exceptional” coral reefs and it may be impossible to reduce the risk of an oil spill to an acceptable level, according to…
Kemp extends Georgia's gas and diesel tax suspension through Thanksgiving
Gov. Brian Kemp has extended Georgia's gas tax suspension through Nov. 30, keeping the tax off gasoline and diesel through the Thanksgiving travel period. The extension keeps Georgia from collecting its motor fuel tax of 33.3 cents per gallon of…
European Gas Hits €97 for First Time Since 2022 on Winter Risks
European natural gas topped €97 a megawatt-hour for the first time since 2022 as concerns mount about the region's fragile supply balance this winter and the outlook for the Middle East conflict. Benchmark futures extended last week's…
Michigan gas prices spike 32 cents in the past week, AAA says
Gas prices in Michigan jumped by 32 cents over the past week, with the average posted price statewide now at $4.83 per gallon. That's according to AAA-The Auto Club Group, which issues gas price trend reports on Mondays and maintains a database…
Gas prices under Trump eclipse highs of Biden era, federal data reveals
President Donald Trump campaigned on cheap gas prices but costs are now higher than during the Biden administration, according to new federal data. With a week to go until the midterm elections, Americans have paid $3.74 on average for a gallon of…
Indonesia cuts gas exports to Singapore amid row over haze
Indonesia has cut natural gas exports to Singapore, escalating a row over the haze from its wildfires. The cut began on Saturday and totals 31 million standard cubic feet a day, with 15 million from the Natuna field in the Riau Islands and 16…
Singapore Shields Itself From Energy Risks as Indonesia Cuts Gas
Singapore is diversifying suppliers, adding storage and building new infrastructure to try to protect itself from growing risks of resource nationalism, Singapore's Minister for Energy, Trade and Industry Tan See Leng said in a speech on Monday.
In his own words: Trump on gas prices and energy costs since launching the war with Iran
Since launching the war with Iran nearly eight months ago, U.S. President Donald Trump has struggled to quell soaring energy costs, undermining Republicans ' attempt to keep control of Congress in the midterm elections next week. Low gas prices…
Indonesia slashes gas exports to Singapore by 9%, claiming it's in 'survival mode'
Natural gas is becoming a diplomatic flashpoint across the Strait of Malacca, adding to a host of new tensions between Indonesia and Singapore. On Oct. 23, Indonesia decided to slash pipeline gas exports to Singapore by 9%, blaming domestic…
Cyprus signs $1.8bn deal to develop first gas field
On Monday Italian energy group Eni signed contracts worth up to $1.8 billion (€1.61 billion) to build the infrastructure needed to develop the Kronos natural gas field inside Cyprus's Exclusive Economic Zone (EEZ). Eni's partner is French…
Gas under Trump 2.0 is now more expensive than it was under Biden
On the campaign trail in 2024, President Donald Trump promised to make gas dirt-cheap again and blamed record-high gas prices on the Biden-Harris “war on energy.” But then an actual war got in the way: Trump's deeply unpopular…
Eni Advances Cyprus' Cronos Gas Project With Up to $1.8 Billion in Contracts
Eni has opened the execution phase for Cyprus' Cronos gas field under contracts valued at up to $1.8 billion, advancing plans to send its output to international markets through Egypt. President Nikos Christodoulides put the package's maximum value…
Iranian Ambassador Confirms Pezeshkian Will Attend Moscow Gas Summit
Iranian Ambassador to Russia Kazem Jalali said Iranian President Masoud Pezeshkian will attend Tuesday's gas exporters summit in Moscow, where members are set to discuss gas markets and cooperation among exporters. The Oct. 27 gathering is the…
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