Natural Gas

Israel discovers new natural gas field off its coast, names it 'Katlan'

A recognition from Israel's National Infrastructure, Energy, and Water Minister means that Energean, a British-Greek energy company can draw up plans to develop the reserve. The natural gas field has been named 'Katlan' and is entirely inside Israeli territorial waters

Explained: Why New York is banning gas stoves in new buildings

After years of deliberation, New York has banned natural gas and other fossil fuels in the construction of new buildings from 2026 onwards. The move comes in order to reduce pollution contributing to global warming. The state is aiming for a 40 per cent reduction in greenhouse gas emissions by 2030

As plot around Nord Stream sabotage thickens, West’s tussle with Russia over Ukraine war gets a new twist

Pulitzer Prize-winning investigative journalist Seymour Hersh has made a shocking claim that the pipeline explosion was the handiwork of the American intelligence agency, CIA, at President Joe Biden’s orders

EU member countries reach compromise on gas price cap

The 27 EU nations have stuck together through nine rounds of sanctions against Russia over the war in Ukraine and energy-saving measures to avoid shortages of the fuel used to generate electricity, heat homes and power factories

How Europe's rising energy crisis now costs equivalent to Poland’s GDP

The kind of money Europe has been spending on the energy crisis is not what it can afford

CNG, piped cooking gas prices hiked by Rs 3 as natural gas price rise

This is the 14th increase in price since 7 March. Rates were last increased by Rs 2 per kg on 21 May. In all, the CNG price has risen by Rs 22.60 per kg during this period

Explained: What's next for oil prices and inflation after OPEC+ cuts?

The decision by the OPEC+ alliance to cut two million barrels a day starting next month comes as the Western allies are trying to cap the oil money flowing into Moscow's war chest after it invaded Ukraine

Nord Stream leaks: How will Europe manage its gas requirements?

Europe plans new LNG import terminal projects all around its coasts. One industry analysis suggests that the EU's total import capacity could increase by 42 per cent by 2025

European Union ministers fast-track 'unprecedented' measures to solve energy price shock

Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty, with all eyes on whether Russian President Vladimir Putin will cut off the flow entirely

Explained: Europe's looming energy crisis as Russia chokes gas supply

With the halt in the Nord Stream 1 pipeline, Russian gas shipments have fallen 89 per cent from a year ago. European officials say it's energy blackmail, aimed at pressuring and dividing the European Union as it supports Ukraine