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U.S. oil prices extended gains Tuesday following reports that the White House is set to ban the import of Russian energy products, including coal, oil and natural gas, following last week''s invasion of Ukraine.

SAN DIEGO, March 08, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Astra Energy Inc. (OTC Pink Sheets: ASRE) ("Astra" or the "Company"), today announces the Company has engaged the government of Tanzania in discussions to construct a significantly sized, combined cycle power plant using natural gas as feedstock. Following meetings last week with the Tanzania Electric Supply Company Ltd. (TANESCO), the country''s vertically integrated electricity utility company, TANESCO provided a formal letter authorizing Astra to prepare a Project Concept Note. The Project Concept Note will provide salient key technical and financial parameters of the proposed project. It will be reviewed for approval by TANESCO and the Ministry of Energy and is the key piece of information used by the Government of Tanzania to trigger a detailed Memorandum of Understanding. Reaching this milestone is an indication of efforts of Tanzania''s new leadership to create a conducive and supportive environment for foreign direct investment in infrastructure development intended to stimulate the country''s aggressive manufacturing sector.

At a time minister Nitin Gadkari is advocating use of eco-friendly vehicles, the price of compressed natural gas (CNG) in his hometown is far more than both petrol and diesel cost.

The IEA’s 10-point includes not renewing expired contracts, ramping up renewable sources, keeping open existing nuclear power plants and asking the public to turn down the heat inside buildings.

Natural gas must be part of the world''s energy future despite the opposition by activists to further development of fossil fuels, U.S

Efforts to establish evacuation corridors for noncombatants have faltered, even as the onslaught leaves hundreds of thousands without water, heat or natural gas.

“Our sanctions package is specifically designed to allow energy payments to continue.” That was President Joe Biden’s statement on Feb. 24 on how U.S. and Western sanctions on Russia for invading Ukraine would impact Russian oil and natural gas exports. So far, the answer is they won’t, despite calls by some to cut off Russia […] The post Higher oil and gas prices will fuel Russia’s military appeared first on Sonoran News .

European natural gas futures soared Monday after reports the Biden administration was considering curbs on Russian crude imports sent shock waves across commodity markets. Brent surged to $137/bbl and quickly pared gains to trade near $125/bbl around 0630 ET. The focus is European natgas futures, Dutch gas, which jumped as high as 64% to 335 euros a megawatt-hour -- the equivalent of around $600 a barrel of oil. Chaotic energy markets came after the US Secretary of State Antony Blinken told NBC this past weekend that the Biden administration…

The weather is expected to get cold and then moderate

The post April Natural Gas Futures Fly Higher Amid Tumult of Russia-Ukraine War appeared first on Natural Gas Intelligence

France’s economy minister has warned people will have to “pay more attention to consumption” after the price of natural gas in Europe jumped by 60 percent on Monday and oil is close to its record of 2008, in the wake of the crisis in Ukraine.

European NatGas Jumps 64% As Chance Of Russian Energy Ban Ignites Mayhem European natural gas futures soared Monday after reports the Biden administration was considering curbs on Russian crude imports sent shock waves across commodity markets. Brent surged to $137/bbl and quickly pared gains to trade near $125/bbl around 0630 ET. The focus is European natgas futures, Dutch gas, which jumped as high as 64% to 335 euros a megawatt-hour -- the equivalent of around $600 a barrel of oil. Chaotic energy markets came after the US Secretary of State Antony Blinken told NBC this past weekend that the Biden administration is in "very active discussions" with European leaders to restrict Russian oil imports. Ole Hansen, head of commodity strategy at Saxo Bank A/S, told Bloomberg he''s at a "lost for words" for the latest price action of natgas. "Margin calls and very illiquid and uncertain markets driving this move," he said. Bloomberg notes that EU GDP could be slashed by as much as 1% or 2.2% annually should Russia''s natgas flows drop to zero.

European natural gas prices briefly hit an all-time high in trade this morning.

LONDON, March 7 — Europe and UK natural gas prices soared to record highs today on fresh supply fears after the United States proposed an embargo on Russian crude oil. Europe gas reference Dutch TTF rocketed more than 60 per cent to reach an…

The Corner The average price of electricity in the wholesale market will rise this Monday by 16.76% and will mark its most expensive record in history, an average of 442 euros/MWh. This is amid the heat of the rise in the price of natural gas due to the impact of the war in Ukraine. It will thus surpass the previous all-time high of 383.67 euros/MWh, which was reached on 23 December. Furthermore,…