economics
Europe gas: Prices edge higher on cooler temperatures ahead of Russia-Ukraine talks
Dutch and British gas prices edged higher on Thursday morning as slightly cooler temperatures lifted demand and as the market waits for news from Ukraine-Russia peace talks.
Enbridge advances historic equity ownership with First Nations on B.C. natural gas pipeline system
Enbridge Inc. has announced an agreement whereby the Stonlasec8 Indigenous Alliance Limited Partnership (the "First Nations Partnership"), which currently represents 36 First Nations in B.C., Canada, will make an investment of approximately CAD$715 MM in Enbridge's Westcoast natural gas pipeline system, resulting in the First Nations Partnership owning a 12.5% interest in that system, subject to certain closing conditions as well as customary closing adjustments.
Australia's Woodside says Saudi Aramco might buy into its Louisiana LNG project
Australia's Woodside Energy said on Wednesday it has agreed to explore opportunities to collaborate with Saudi Aramco, which might take a stake in its $17.5-B Louisiana (U.S.) liquefied natural gas (LNG) project.
Venture Global LNG shares surge as company announces Plaquemines ramp-up
Venture Global LNG shares jumped nearly 11% on Tuesday after the company announced it expects its entire Plaquemines LNG export facility in Louisiana to be in operation by the end of the year, news that eclipsed its disappointing quarterly results.
Nord Stream 2 agrees to debt restructuring deal, court says
A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors.
U.S. regulators recommend Venture Global's CP2 LNG project gets greenlight
U.S. federal regulators recommended in a final environmental report that Venture Global's proposed CP2 liquefied natural gas (LNG) export project in Louisiana get the go-ahead
Cheniere's 1Q core profit, revenue beat estimates on strong LNG margins
Cheniere Energy, the largest U.S. liquefied natural gas (LNG) exporter, beat first-quarter estimates for core profit and revenue on Thursday, helped by rising prices for the superchilled gas as demand increased.
Update: U.S. natgas prices climb 3% to one-month high on lower output, rising LNG export flows
U.S. natural gas futures climbed about 3% to a one-month high on Friday on a drop in output in recent weeks and forecasts for more demand next week than previously expected as gas flows to liquefied natural gas (LNG) export plants increase.
U.S., Russia explore ways to restore Russian gas flows to Europe
With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent.
TurkStream gas pipeline could slow EU, Russia decoupling
The European Commission announced a revised roadmap to fully wean itself off Russian energy by the end of 2027, but some parts of Europe are moving in the opposite direction.
Slovakia and Hungary reject EU plan to phase out Russian gas by end-2027
Slovakia and Hungary on Wednesday condemned European Commission plans to phase out Russian gas and other energy imports, deepening a rift with Brussels over relations with Moscow.
Update: Woodside targets another 20%–30% selldown of $17.5-B Louisiana LNG project
Woodside Energy, Australia's top natural gas producer, said on Tuesday it would seek to sell a further 20%–30% stake in Louisiana LNG (U.S.), with interest growing in the $17.5-B project since its final approval last week.
Greensand begins construction on EU's first CO2 storage facility
Construction has begun on Greensand’s carbon dioxide transit terminal at Port Esbjerg in Denmark. Once operational, the liquefied CO₂ will be loaded onto a dedicated carrier and shipped to the INEOS Nini platform in the Danish North Sea.
Commonwealth LNG signs 20-yr sale and purchase agreement with major Asian buyer
Commonwealth LNG has signed a sale and purchase agreement (SPA) with a major Asian energy company. Under the agreement, the buyer will purchase 1 metric MMtpy of LNG for 20 yr from Commonwealth's 9.5-MMtpy facility currently under development in Cameron, Louisiana (U.S.).
Sonatrach and Saudi Aramco cut May LPG prices by 1%–11%
Saudi Aramco and Algeria's Sonatrach have cut May's official selling prices for liquefied petroleum gas (LPG) by 0.8%–10.9% from the previous month due to rising global supply.
EU seeks to cut remaining Russian gas ties, but legal options limited
The European Union will on Tuesday announce a roadmap to phase out the bloc's remaining gas ties with Moscow, but in the absence of sanctions it will be difficult for buyers to exit gas contracts using legal options such as force majeure.
Europe gas: Prices rise on cooler weather, LNG competition from Asia
Dutch and British wholesale gas prices rose in early trading on Friday morning amid forecasts of higher demand as temperatures cooled, and in order to remain competitive against Asian buyers of liquefied natural gas (LNG).
Venture Global raises $3 B towards building CP2 Louisiana LNG plant
Venture Global has raised $3 B in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said.
India's BPCL eyes $20/t–$30/t gain from swap of Middle East LPG with cheaper U.S. supplies
Indian fuel retailer Bharat Petroleum Corp. Ltd. expects a net gain of $20 to $30 a tonne (t) on delivery of U.S. liquefied petroleum gas (LPG) through a swap deal with Middle Eastern suppliers.
Digital Feature: Unlocking untapped value: The pathway to a midstream pipeline virtual control room via human-centric industrial autonomy
Analysis indicates a compelling opportunity for vertically integrated midstream operators. By transitioning to advanced automation in pipeline control rooms, one can unlock significant value and drive margin expansion. This represents a substantial, often untapped, lever for profitability enhancement within the vertically integrated energy value chain.
S&P cuts Woodside's credit outlook to 'negative' after LNG investment decision
S&P Global Ratings has revised the credit outlook for Australia's Woodside to "negative" from "stable" on Thursday after the energy company reached a final investment decision (FID) of $17.5 B on its Louisiana (U.S.) liquefied natural gas (LNG) project.
INEOS and Covestro agree to 8-yr LNG linked gas supply agreement
INEOS and Covestro have announced a significant long-term agreement for the supply of natural gas for up to eight years, starting 2027. The agreement builds on INEOS' newly established LNG supply chain, and both companies' commitment to support European industrial competitiveness.
Opinion: U.S. LNG exporters could lose out as AI gas demand booms
While America boasts some of the world’s largest gas reserves, a sharp increase in electricity demand over the coming years, driven by the rise of artificial intelligence (AI), could heavily strain the country’s creaky power systems and infrastructure, pushing natural gas prices higher and potentially undermining the economics of LNG plants.
U.S. natgas prices edge up to 2-week high on decline in daily output
U.S. natural gas futures edged up about 1% to two-week high on Monday as a bullish drop in daily output offset bearish forecasts for lower demand next week than previously expected.
Wison New Energies signs FLNG feasibility study contract for offshore Suriname
Wison New Energies (WNE) has officially signed the Detailed Feasibility Study (DFS) for a new-build Floating Liquefied Natural Gas (FLNG) facility in Suriname's Offshore Block 52.
Argentina's YPF rules out building land-based LNG plant
Argentina's state-run oil firm YPF has ruled out building an onshore natural gas liquefaction plant as it will instead rely on floating vessels for this process, YPF's chief executive said in an interview with local media.
U.S. plans Alaska LNG summit, will urge Japan, South Korea to support project
U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project.
Spain's national hydrogen network plan ahead of schedule
Plans to build a 2,600 km (1,615 mile) hydrogen network in Spain are advancing ahead of schedule and the infrastructure is on track to start operations in 2030, the chief of Spanish gas grid operator Enagas said.
Morgan Stanley Infra Partners eyes $2-B Permian pipelines sale
Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2 B including debt.
Calpine, ExxonMobil sign CO2 transportation and storage agreement for power generation project
ExxonMobil Corporation announced an agreement with Calpine Corporation, the nation’s largest producer of electricity from natural gas, to transport and permanently store up to 2 MM metric tpy of CO2 from Calpine’s Baytown Energy Center, a cogeneration facility near Houston.
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- Update: How Germany is building up LNG import terminals
- IEEFA: Europe’s LNG imports decline 19% with gas demand at 11-yr low
- TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
- Digital Exclusive: The value of experience—Why expertise matters in compressor overhauls and revamps
