Natural Gas News – July 31, 2026
Natural Gas News – July 27, 2026
Nat-Gas Prices Climb on Meager Storage Release
Nat-gas prices settled higher on Thursday on a smaller than expected storage increase. Weekly EIA nat-gas inventories rose +28 bcf in the week ended July 24, below expectations of +37 bcf. Nat-gas prices extended their gains on forecasts for warmer US weather, potentially boosting nat-gas demand from electricity providers to power an expected increase in air conditioning use. The Commodity Weather Group said on Thursday that forecasts shifted warmer, with above-normal temperatures expected in the western half of the US through August 13. For more info go to https://tinyurl.com/8pdaj9cs
Shell agrees to sell BG Cyprus Limited
BG Cyprus Ltd. holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas field in the eastern Mediterranean. All produced gas is expected to be sold to the Egyptian Natural Gas Holding Company (EGAS). Shell has worked with the Government of Cyprus and the joint venture partners to progress the Aphrodite project to this point and selling to MOL Group will allow Shell to capture the value created, while the remaining project partners work towards a final investment decision.… For More info go to https://tinyurl.com/ydcpu8u3
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