(Bloomberg) — Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel. Gas in an area of the vast Permian known as Waha was trading for as little as 20 cents to 70 cents per million British thermal …
Texas Natural Gas Drops Toward Zero as Output Swamps Pipelines Read More »
By Geoffrey Smith Investing.com — European natural gas prices rose on Tuesday, after news of leakage from both strands of the Nord Stream pipeline under the Baltic Sea dashed any faint hopes of a resumption of more normal levels of imports from Russia over the coming winter. By 05:30 ET (09:30 GMT), the front-month , …
Europe Natural Gas Prices Rise as Nord Stream Leaks Dash Faint Hopes Read More »
(Bloomberg) — Energy traders and power utilities are storing more liquefied natural gas at sea, an unusual move to hoard supply for winter as the market faces a severe shortage. Energy-starved utilities in Europe are parking LNG shipments off the coast in a scramble to replace Russian pipeline gas this winter. They can’t simply import …
Natural Gas Buyers Hoarding Fuel at Sea to Prepare for Winter Read More »
