Proshares Ultrashort Bloomberg Natural Gas (kold) ETF News

Europe''s power costs have been pushed through the roof by a supply crunch in natural gas, the risk of military conflict in Ukraine and bottlenecks for renewable energy…

Democrat Senators Are Trying To Limit US LNG Exports For All The Wrong Reasons Authored by David Blackmon via OilPrice.com, A group of Democrat Senators has just sent a letter pleading for the Biden Administration to limit U.S. LNG exports while the Department of Energy conducts a review of the exports and their impact on domestic prices. The appeal comes at a time when Europe is being crippled by sky-high energy prices , with U.S. LNG potentially providing a lifeline to help keep the lights on in the region. Many of the Senators which have signed off on this letter have campaigned against pipelines within their states, forcing them to import natural gas from abroad. Just as U.S. exports of liquefied natural gas (LNG) serves as the main cog in helping keep the lights on and homes heated in Europe in this windless winter, a group of Democratic senators sends a letter to Energy Secretary Jennifer Granholm urging her and the Biden administration to take action to limit U.S. LNG exports. In their letter , these 10 senators "…urge the Department to conduct a review of LNG exports and their impact on domestic prices and the public interest, and develop a plan to ensure natural gas remains affordable for American households.

Which European Countries Are Most Dependent On Russian Gas? As the United States and the EU are working on a strategy to replace natural gas supply to Europe should Russia turn off the tap in a standoff with Western powers over Ukraine, Qatar has said that it sees no way that it could replace the needed amount by itself. As Statista''s Katharina Buchholz details below , if new sanctions were to be introduced against Russian President Vladimir Putin personally or his country, this could trigger an energy crisis on the continent due to much of Europes reliance on Russian gas , which arrives on the continent via pipelines. According to Reuters, close U.S. ally Qatar wants guarantees that natural gas diverted to Europe would not be resold and has urged European countries to resolve their investigation into Qatari gas contracts in order to become a regular customer themselves which could more permanently shift gas dependencies in Europe. Data from the European Union Agency for the Cooperation of Energy Regulators shows which countries energy supply would be most at risk in the case of a Russian gas freeze.

Ankara, Feb 8 (IANS) Turkeys state pipeline operator announced that the full flow of natural gas to industrial plants will resume on Tuesday, after it temporarily limited gas use because of a breakdown on an Iranian pipeline. We would like to thank our industrialists for their understanding and cooperation in this process, Turkeys Petroleum Pipeline [] The post Turkey resumes full gas flow to industrial plants as Iranian supply restarts appeared first on Buziness Bytes .

U.S. President Joe Biden said a crucial European gas pipeline, Nord Stream 2, will not go forward if Russia invades Ukraine, as high-level diplomatic efforts took place Monday to try to prevent an invasion, with Germanys leader traveling to Washington and Frances president to Moscow. Biden told reporters at the White House on Monday after a meeting with German Chancellor Olaf Scholz, the notion that Nord Stream 2 would go forward in the event of an invasion by Russian tanks or troops is just not going to happen. I promise you we will be able to do that, Biden said when asked how he could make that happen. Scholz did not directly say whether Germany would cancel the pipeline project but said, We will take all the necessary steps, and all will be done together with the United States and other allies. He said, We have prepared a reaction that will help us to react swiftly if needed in the event of a Russian invasion. He said Germany would not spell out everything in public. The Nord Stream 2 pipeline project, running under the Baltic Sea, is designed to bring Russian natural gas to Germany.

President Biden made the comment about the pipeline, which would deliver Russian natural gas to Germany, during a joint press conference with German Chancellor Olaf Scholz.

Natural gas prices dived lower Monday as traders assessed expectations for warmer weather patterns and the potential for weakening demand over the coming

Watch Video President Joe Biden said Monday "it would be wise" for Americans other than essential diplomats to leave Ukraine amid the Russian military threat. President Biden made his comments during a joint press conference with German Chancellor Olaf Scholz at the White House, shortly after the two leaders met for talks about the simmering crisis. The State Department has already authorized nonessential employees to leave and has called on all family members of diplomats in Ukraine to do so. President Biden also said Monday "there will no longer be Nord Stream 2," a crucial Russia-to-Germany natural gas pipeline, if Russia further invades Ukraine with "tanks and troops." Additional reporting by The Associated Press.

President Biden and German Chancellor Olaf Scholz said during a joint news conference on Monday that they were in complete agreement on sanctions against Moscow if diplomacy fails and Russia invades Ukraine again. That includes working together to stop the Nord Stream 2 gas pipeline a multibillion-dollar vein that runs from Russia to Germany. The pipeline is not yet operational but has emerged as a key issue in the standoff. Russia is one of the world''s largest producers of natural gas; Germany is one of the largest importers of that commodity. "If Russia invades, that means tanks or troops crossing the border of Ukraine again, there will no longer be a Nord Stream 2," Biden said. "We will bring an end to it." Asked how the U.S. would ensure that, Biden did not offer specifics: "I promise you, we will be able to do it." It''s a point Biden administration officials have stressed in recent weeks. Scholz, who did not speak specifically about the pipeline, emphasized that the two countries were united on a package of potential sanctions, saying there would be no measures with a differing approach. "We will be united.

The post Latin American Oil, Natural Gas Drilling Growth Seen Continuing in 2022 appeared first on Natural Gas Intelligence

President Biden made the comment about the pipeline, which would deliver Russian natural gas to Germany, during a joint press conference with German Chancellor Olaf Scholz.

President Biden met Monday with German Chancellor Olaf Scholtz. Before the closed-door meeting began, the president told reporters that the two countries are working "in lockstep" to address the Ukraine crisis, The Guardian reported . Per The Guardian , "Scholz called it ''an important meeting at an important time'' and said the U.S. and Germany [are] working ''intensely'' to deter a Russian invasion of Ukraine." Germany has given the international community plenty of reasons to doubt its commitment to supporting Ukraine. The head of Germany''s navy resigned last month after saying all Russian President Vladimir Putin really wants is "respect" and that it would be "easy to give him the respect he demands, and probably deserves." Around the same time, the German government pledged, in lieu of weapons, to send 5,000 military helmets to Ukraine, drawing criticism and mockery, The New York Times reported . "The plan is obviously for 5,000 Ukrainian soldiers to run across the border and head-butt the Russian troops deployed there," Ukrainian-born German politician Marina Weisband tweeted .

Prices tumble dropping 20% in 3-days

Henry Hub natural gas prices have been volatile of late, with a short squeeze and subsequent cold weather forecasts taking prices from ~$3.80 in late January, to more than $5.50 last…

The post Natural Gas Futures Slide as Worst of Winter May Be Over; Cash Drops appeared first on Natural Gas Intelligence