Japan is on track to become the world's largest liquefied natural gas importer this year for the first time since 2022, as China's well-stocked storage lets it buy less amid elevated prices.
European gas futures rose 3% on the last trading day of October, pushing the TTF benchmark above $1,160 per 1,000 cubic meters, as the market closed out a month of sharp gains.
Dutch TTF natural gas futures jumped 4.85% to settle above €100/MWh for the first time since 2022, as traders weigh disrupted Middle East LNG supply and colder weather ahead of the 2026/27 winter.
Equinor said recoverable gas and condensate volumes at its Afrodite discovery in the Norwegian North Sea could be more than double earlier estimates, following a new appraisal well.
European Union energy ministers gathered to address an energy price crunch ahead of winter, after natural gas touched 100 euros per MWh on Wednesday and diesel prices reached record highs.
QatarEnergy has prolonged its force majeure on liquefied natural gas deliveries through December 2026, cutting term supply to Europe and Asia and pushing European gas prices to their highest level since the 2022 energy crisis.
Equinor reported adjusted net income of $2.86 billion for the third quarter, up sharply from $932 million a year earlier, as stronger crude and gas prices combined with better refining margins lifted results.
Commerzbank analyst Norman Liebke says European natural gas prices will likely remain high this winter as tight LNG supply and below-average storage levels force the region to lean on flexible LNG cargoes.
Woodside Energy announced it is exiting the Greater Sunrise gas venture off Timor-Leste, handing its interest to a government-controlled local firm in a $200 million transaction.
EQT Corp has agreed to acquire Range Resources in an all-share transaction worth over $50 billion including debt, forming what the two firms describe as America's largest vertically integrated natural gas producer.