Page 5 - Natural Gas

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

Serviced turbine for Nord Stream 1 can be delivered at any time: Scholz

The turbine for the Nord Stream 1 gas pipeline, which was serviced in Canada, is ready for use and could be delivered to Russia "at any time", said German Chancellor Olaf Scholz.

Germany needs to slash gas use by more than any other EU state: Reports

Germany needs to reduce its gas consumption by more than any other European Union member state in order to achieve the bloc's agreed savings target of 15 per cent, according to an analysis

Gas supply to Germany via Nord Stream 1 flowing at reduced capacity

Natural gas deliveries from Russia to Germany via the Nord Stream 1 pipeline has been further reduced to 20 per cent of capacity, the pipeline operator said.

Spain, Portugal reject EU's proposal to limit natural gas use by 15%

The European Union's plan to reduce the bloc's natural gas use by 15 per cent to prepare for a potential cutoff by Russia this winter received sharp skepticism from the govts of Spain and Portugal

Can Europe live without Russian natural gas: What we know so far

Europe faced an energy crisis even before drama emerged about the Nord Stream 1 pipeline reopening from Russia to Germany. While natural gas started flowing again Thursday after the major pipeline shut down for 10 days of maintenance, Europe will still struggle to keep homes warm and industry humming this winter. That is because Russia has already slashed Europe's amounts of natural gas used to power factories, generate electricity and heat homes in the winter, and Russian President Vladimir Putin has warned they could keep dwindling. Deliveries through Nord Stream 1 were cut by 60% before annual repairs began and were expected to stay well below the pipeline's full capacity. Government officials had feared the pipeline may not reopen at all, saying Putin is using energy for political leverage in his confrontation with the European Union over the war in Ukraine. Here are key things to know about Europe's energy crisis: DID RUSSIA CUT OFF GAS TO EUROPE? It has reduced supplies ...

Key gas pipeline from Russia to Europe restarts after 10-day break

Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance, the operator said

Bias for MCX Crude Oil still negative; Upside seems capped for Natural Gas

The MCX Crude Oil futures are likely to trade with a negative bias as long as the commodity trades below Rs 8,200. Whereas, Natural Gas futures face near resistance around Rs 604.

Ukraine accumulates 59.5% of natural gas needed for heating season: PM

Ukraine has accumulated 11.3 billion cubic metres of natural gas in its storage, or 59.5 per cent of the country's needs for powering its heating facilities during the cold season, Ukrainian PM said

Key support for MCX Crude Oil at Rs 7,550; Natural Gas may be range-bound

The MCX Crude Oil futures has near support at Rs 7,550, below which it can slide towards the 200-DMA. Natural Gas need to sustain above the 20-DMA to maintain its positive bias.

EU lawmakers back natural gas, nuclear energy as sustainable activities

The green labeling system from the European Commission, the EU's executive arm, defines what qualifies as an investment in sustainable energy.

MCX Crude Oil futures may drop to Rs 7,100; Natural Gas in oversold zone

The MCX Crude Oil has near support at Rs 7,740, below which it can slide towards the 200-DMA at Rs 7,100. Natural Gas may test Rs 410-odd level, while a bounce to Rs 500-odd level cannot be ruled out.

Natural gas soars 700%, becoming driving force in the new cold war

In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around

Russian rouble up; Gazprom shares plummet after it skips dividend

Gazprom shares fell 27% to 218 roubles ($4.16) by 0941 GMT after the company said its shareholders had decided against distributing dividends on the 2021 results

Bias for MCX Crude Oil seems positive, Natural Gas may remain volatile

The key support levels for the MCX Crude Oil and Natural Gas futures for the remainder of the week are Rs 8,545 and Rs 502.30, respectively.

European gas futures gain as Germany sounds alarm over Russia disruption

Front-month benchmark futures rose as much as 5.8% after German Economy Minister Robert Habeck enacted the "alarm" phase of the emergency plan, saying that Europe's biggest economy is in a gas crisis

MCX Crude Oil may drop to Rs 8,050; Natural Gas likely to bounce back

The MCX Crude Oil futures seem on course to test the 100-DMA around Rs 8,050-level; Select momentum oscillators on Natural Gas have hit oversold territory, thus a pull-back rally can be expected.

Higher prices of natural gas take the steam out of gas utility stocks

However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector

Russia reduces natural gas through European pipeline again amid sanctions

The state-owned energy giant said that deliveries through the Nord Stream 1 pipeline to Germany would be cut again Thursday, bringing the overall reduction through the undersea pipeline to 60%

MCX Crude Oil may test Rs 9,000-mark; Key hurdle for Natural Gas at Rs 590

The MCX Natural Gas futures can slide all the way towards its 100-DMA placed at Rs 485-level; Crude Oil prices may see share reaction on breakout of the Rs 9,000-9,700 expected trading band.