Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Gas force majeure hits Punjab
ISLAMABAD: Amid hot and humid weather, Sui Northern Gas Pipelines Ltd (SNGPL) has declared force majeure — a legal term that absolves contractual liability — for its inability to supply regasified liquefied natural gas (RLNG) for…
U.S. Natural Gas Futures Held Back By Adequate Supply
0940 ET – U.S. natural gas futures are lower, with ample supply and above-average storage keeping weather-driven rally attempts at bay. Bank of America Global Research raises its Henry Hub price forecast for 2H to $3.80/mmBtu from…
US gas prices see their biggest one-day jump in months as Iran war spooks market
Gas prices have spiked in response to President Donald Trump 's resumed attacks on Iran. On Thursday, the average gas price in the U.S. spiked by five cents per gallon to nearly $3.85, according to data from AAA. The U.S. military said it hit…
European gas reserves low but not yet critical
“European gas storage levels are very low, and they are likely to remain low as we head into winter,” Andy Sommer of the Swiss energy group Axpo told the AWP news agency. He estimates they will rise to 70% to 75% by the late autumn…
US Natural Gas Dives Most in Four Months on Pipes, Algo Trades
US natural gas futures fell more than 6%, the steepest daily price decline since March, as traders weighed a flurry of market-moving pipeline expansion and export terminal updates. Losses were exacerbated as some algorithmic traders moved in a…
India's Wartime Buying Spree Leaves Behind a Cooking Gas Surplus
India's frenzied efforts to counter disruptions in cooking gas supplies over the past months, while cargoes remained trapped in the Persian Gulf, has left state-run fuel retailers with the opposite problem — more than they can sell. The…
Cabinet committee denies gas utilities exemption from international accounting standards
ISLAMABAD: The Cabinet Committee on state-owned enterprises on Thursday rejected a request from two circular debt-hit state-owned gas utilities — Sui Southern and Sui Northern — for exemption from international accounting and…
Germany Proposes Consumer Levy to Fund Emergency Gas Reserve
The German government has proposed adding a surcharge to consumer energy bills to help finance a strategic natural gas reserve designed to keep supplies flowing in a worst-case crisis. The cost would be passed on to consumers through a levy of…
Show us gas reservation modelling: BCA
Australia's top business group has demanded the Albanese government release modelling supporting the design of its proposed domestic gas reservation policy as uncertainty over the final details of the scheme rattles the industry. The federal…
Trump-promoted discount gas stations fuel a mystery and questions
President Donald Trump earlier this month praised a 'very smart retailer' called the Freedom Fuel Network in the Philadelphia area for voluntarily lowering the price of gas to $3.47 a gallon, undercutting the state average by about 50 cents. While…
Electric, Gas Utilities Poised To Navigate Busy Regulatory Month In July
US electric and gas utilities could file at least 13 new rate cases in July, as they look to address a variety of infrastructure investments and an increased operating cost profile. Decisions could be issued in at least 15 pending rate proceedings…
3,000 gas cylinders swept away into river amid floods
Torrential rainfall and severe flooding in the Khalapur area of Raigad district have triggered a major industrial emergency, with approximately 3,000 gas cylinders from an HPCL bottling plant being swept away into the Patalganga River, officials…
EU Plans 2040 Electrification Target to Cut Oil, Gas Consumption
The European Union wants to propose an electrification goal for the next decade as part of a plan to strengthen the local market for clean technologies and help shift the bloc away from fossil fuels. The European Commission, the bloc's regulatory…
Freedom Fuel: Network of low-priced gas stations opening this week. Here's the full list of locations
This week, the White House announced the opening of the first “Freedom Fuel” gas station. The gas station chain loosely ties the price of a gallon of gas to President Trump's presidential number “47.” Here's what you…
World Bank Grants Ivory Coast $875 Million Loan, Signs Gas Pact
The World Bank approved an $875 million loan for Ivory Coast to support economic growth and job creation, and signed an interim deal with Eni SpA 's local unit and the West African nation to provide technical assistance for its burgeoning gas…
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