Some Poles worry that Germany may return to its habit of placating Russia. A dispute over two pipelines, built to carry natural gas between the two countries, has worsened this https://t.co/bDzRhij45f ...

Core Insights - China has significantly increased its underground gas storage capacity, ranking 6th globally as of 2025, with an addition of 6 billion cubic meters (bcm) since 2022 [1][2][3] Group 1: Global Gas Storage Capacity - As of 2025, there are 699 underground natural gas storage facilities worldwide, with a total working gas volume of 424 bcm, reflecting an increase of 10 bcm since 2022 [1] - The top five countries with the largest gas storage capacity are the United States, Russia, Ukraine, Canada, and Germany, while China has moved up to 6th place [2] Group 2: China's Gas Storage Expansion - China's expansion of underground gas storage is aimed at reducing exposure to the volatile spot LNG market, potentially decreasing the need for LNG cargo imports [3] - PetroChina has acquired three natural gas storage facilities from its parent company CNPC, enhancing its capacity and control over the gas supply chain [4] Group 3: Energy Security and Demand Management - The operationalization of China's first underground salt cavern gas storage facility marks a significant boost in managing peak demand and ensuring energy security [5] - CNPC anticipates that natural gas demand will accelerate through the second half of the decade, despite competition from electric vehicles [4]

Core Insights - The U.S. natural gas price has been on an upward trend since April 2024, driven by record LNG exports and planned increases in export capacity, which the EIA forecasts will double by 2029, limiting domestic supply for consumers [1] - Rising natural gas consumption is primarily due to the expansion of natural gas-fired power plants, which have nearly tripled electricity generation from natural gas since 2001, making it the leading fuel source for electricity in the U.S. at 43% [4] - The shale revolution has led to significant growth in the chemical industry, utilizing natural gas for producing agricultural chemicals and plastics [5] Industry Trends - The current administration's "energy dominance" policies aim to maximize production and exports while reducing energy costs, but the latter is facing challenges as rising consumption leads to increased costs for consumers [3] - The natural gas industry projects continued growth in domestic production, but independent analyses suggest a plateau and eventual decline in production, creating a supply squeeze as LNG exports rise [7] - The chemical industry, particularly in agricultural chemicals and plastics, has expanded significantly due to the availability of cheap natural gas, which has been a key driver of growth in this sector [5]

Core Points - Energean Israel has formalized a 15-year agreement with Israel Natural Gas Lines (INGL) for the transportation of up to one billion cubic meters of gas annually through the Nitzana pipeline to the Egyptian border [1] - The operational status of the Nitzana pipeline is contingent upon the completion of transmission agreements among Energean, Leviathan, and Tamar, with a deadline of 36 months from the signing date for functionality [2] - Energean Israel will cover 16.4% of the construction costs for the pipeline and compression station, approximately $100 million, primarily financed through a $70 million unsecured ten-year loan from Bank Hapoalim [3] - Energean's CEO emphasized the company's position as a key regional player focused on advancing export opportunities from Israeli assets [4] - The Israeli Ministry of Energy supports expanding gas exports to strengthen the market, and the agreement is seen as a milestone for growth in annual gas sales [5] - Energean has also signed a non-binding term sheet with an East Mediterranean client for natural gas sales, pending an export permit [5] - In July 2025, Energean and INA announced a final investment decision to develop the Irena gas field off the coast of Croatia [6]

Energy Policy & Production - US aims to double natural gas exports in the next five years [1] - Potential for another doubling of US natural gas exports in 5-10 years if demand exists [1] Future Technology - US hopes to achieve nuclear fusion power generation and grid connection in 8-15 years [1]

Core Viewpoint - TotalEnergies has reported a $4.5 billion increase in costs for its liquefied natural gas (LNG) project in Mozambique, which has been on hold for four years, and is seeking adjustments to its production agreement [1] Group 1: Cost Implications - The total cost increase for the LNG project in Mozambique amounts to $4.5 billion over the four-year period it was inactive [1] Group 2: Production Agreement - TotalEnergies is requesting modifications to its production agreement in light of the increased costs associated with the LNG project [1]

Core Insights - Analysts project Oneok Inc. (OKE) will report quarterly earnings of $1.45 per share, reflecting a 22.9% year-over-year increase, with revenues expected to reach $9.42 billion, an 87.5% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- Natural Gas Gathering and Processing' at $1.32 billion, a 45.6% increase year-over-year [5]. - 'Revenues- Natural Gas Pipelines' are projected to reach $285.30 million, reflecting a 66.8% year-over-year increase [5]. - 'Revenues- Refined Products & Crude' are expected to be $1.85 billion, indicating a 92% increase year-over-year [5]. - 'Revenues- Natural Gas Liquids' are forecasted to be $2.84 billion, showing a decrease of 22.7% from the prior-year quarter [6]. Production and EBITDA Estimates - 'Raw feed throughput - Natural Gas Liquids' is expected to reach 1,542.23 thousand barrels of oil per day, up from 1,324.00 thousand barrels of oil per day a year ago [6]. - 'Adjusted EBITDA- Natural Gas Liquids' is projected at $769.06 million, compared to $624.00 million in the same quarter last year [7]. - 'Adjusted EBITDA- Natural Gas Pipelines' is expected to be $181.14 million, up from $166.00 million in the same quarter of the previous year [7]. - 'Adjusted EBITDA- Natural Gas Gathering and Processing' is estimated at $568.09 million, compared to $318.00 million in the same quarter last year [8]. Stock Performance - Oneok shares have decreased by 5% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.3% [8].

Core Insights - Natural gas prices retreated due to a greater-than-expected build in weekly natural gas storage, with inventories rising by 87 billion cubic feet (bcf) for the week ended October 17, surpassing expectations of 83 bcf and the five-year average of 77 bcf [1][4] Group 1: Natural Gas Prices and Storage - November natural gas prices closed down by 3.07% on Thursday [1] - The EIA reported a year-over-year increase of 0.6% in natural gas inventories as of October 17, which were also 4.5% above the five-year seasonal average [4] Group 2: Production and Demand - US dry gas production was reported at 107.9 bcf/day, reflecting a year-over-year increase of 5.4% [2] - Lower-48 state gas demand was 75.5 bcf/day, up 3.4% year-over-year [2] - Estimated LNG net flows to US LNG export terminals were 16.6 bcf/day, a 1.0% increase week-over-week [2] Group 3: Electricity Output - US electricity output for the week ended October 18 rose by 4.0% year-over-year to 73,756 GWh [3] - Over the 52-week period ending October 18, US electricity output increased by 2.89% year-over-year to 4,280,821 GWh [3] Group 4: Market Conditions - A mixed weather forecast contributed to the decline in natural gas prices, with cooler temperatures expected in the southern and eastern US [2] - As of October 21, European gas storage was reported to be 83% full, compared to the five-year seasonal average of 92% [4]

Core Viewpoint - National Fuel Gas Company is set to release its fourth quarter and full year fiscal 2025 earnings results on November 5, 2025, after market close, with a conference call scheduled for November 6, 2025, at 9:00 a.m. ET to discuss the results [1]. Company Information - National Fuel Gas Company is a diversified energy company headquartered in Western New York, operating an integrated collection of natural gas assets across four business segments: Exploration & Production, Pipeline & Storage, Gathering, and Utility [3]. - Additional information about the company can be found on its website [3]. Conference Call Details - Participants must pre-register to join the conference call, and a webcast link will be available on the NFG Investor Relations website [2]. - A replay of the conference call will be accessible until the end of the day on November 13, 2025, with specific dial-in instructions provided [2]. - Contact information for investor relations and media inquiries is available, including names and phone numbers of key personnel [2].

Core Insights - EQT Corporation reported third-quarter 2025 adjusted earnings from continuing operations of 52 cents per share, exceeding the Zacks Consensus Estimate of 47 cents and significantly up from 12 cents in the same quarter last year [1][8] - Adjusted operating revenues rose to $1,753 million from $1,383 million year-over-year, although it fell short of the Zacks Consensus Estimate of $1,804 million [1][8] Sales Volume and Prices - Total sales volume increased to 634 billion cubic feet equivalent (Bcfe) from 581 Bcfe year-over-year, but missed the estimate of 638 Bcfe [4] - Natural gas sales volume was 596 Bcf, up from 547 Bcf in the prior year, but below the estimate of 604 Bcf [4] - Average realized price for natural gas equivalent was $2.76 per thousand cubic feet (Mcfe), up from $2.38 year-over-year [5] - The average natural gas price, including cash-settled derivatives, was $2.66 per Mcf, an increase from $2.23 [5] - The natural gas sales price was $3.24 per Mcf, higher than $2.27 recorded a year ago [5] - Oil price was $49.12 per barrel, down from $61.25 year-over-year, and below the estimate of $50.07 [6] Expenses and Cash Flow - Total operating expenses were $1.36 billion, down from $1.57 billion in the prior-year quarter [7] - Adjusted operating cash flow totaled $1.22 billion, up from $522 million a year ago [9] - Free cash flow was $601 million, a significant improvement from a negative free cash flow of $121 million in the same period of 2024 [9] Dividend and Capital Expenditure - EQT announced a quarterly cash dividend of 16.50 cents per share, reflecting a sequential increase of approximately 5% [3][8] - Total capital expenditure was $618 million, higher than $558 million reported a year ago [10] Guidance - For Q4 2025, EQT expects total sales volume to be between 550 and 600 Bcfe [11] - The total sales volume forecast for 2025 has been updated to 2,325-2,375 Bcfe [11] - Capital expenditures for Q4 are projected to be in the range of $635-$735 million, with full-year expectations of $2,300-$2,400 million [11]