Natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday.

…The assumption is the US, Qatar and other non-Russian sources of LNG are not going to “ride to the rescue” anytime soon….

…Europe has riposted with 50 bcm of additional LNG imports and 60 bcm of demand reductions….

Europe faces painful “industrial rationalisation” due to its energy crisis that risks political trouble, the head of Shell warned Sunday (23 October), as the oil giant joined a natural gas project in Qatar.

Iran announced Sunday, Oct. 23, a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow’s war in Ukraine, local media reported.

Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese pledged Saturday to join hands to tackle contingencies that may affect the sovereignty of their countries, amid China’s growing assertiveness in the Asia-Pacific region.

U.S. trade and energy policies have created a “double standard”, with Europe left paying higher prices for its natural gas, French President Emmanuel Macron said on Friday.

German Chancellor Olaf Scholz declared on Thursday, Oct.20, that Russian President Vladimir Putin’s use of energy and hunger as weapons has failed to divide the West and he would not win the fight by utilizing scorched earth policies.

All regions in the United States have adequate energy resources for a “normal” winter, but that doesn’t mean all regions will coast through winter without disruption, the Federal Energy Regulatory Commission said on Thursday in its new annual winter assessment report.

…Spreads have opened between regions that have access to a lot of LNG , such as the UK — where gas trades at 33€/MWh — and those…