Italy plans an to shave around €1.6 billion ($1.9 billion) off consumers’ energy bills by curbing wholesale prices for natural gas, despite concern about the legality and effectiveness of such a measure.
As Europe moves away from Russian gas for good, Poland is aiming to become the main entry point for global LNG into Central and Eastern Europe — a shift that could reshape fuel flows across the region and give its neighbors a more stable alternative to pipeline imports.
Lights illuminate liquefied natural gas (LNG) tanker Oak Spirit, operated by Teekay Corp., during the delivery of Poland's first import of U.S. LNG at the Gazoport terminal, operated by Polskie LNG SA, in Swinoujscie, Poland, on Thursday, July 25, 2019. More "freedom gas" from U.S. shale basins is earmarked for Europe after the company behind a Louisiana export project expanded a deal with Poland.
The premium that German natural gas futures trade above Europe’s benchmark jumped to a three-year high, signaling that concerns about its low fuel inventories remain.
The UK government will stick with a controversial windfall tax for North Sea oil and gas producers until the end of the decade, dismissing complaints that the levy hurts investment and jobs.
A liquefied natural gas tanker that’s part of a shadow fleet of vessels that helps Russia skirt sanctions is heading toward the Suez Canal, after sailing back and forth in the North Atlantic earlier this month.
European natural gas traded at the lowest levels in 18 months as Ukraine and its allies work through a peace plan brokered by the US and Russia that could have far-reaching repercussions for global energy markets.
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