economics
IEA: Global gas markets to remain tight on rising demand
Global natural gas markets will remain tight this year as demand rises and output grows more slowly than before the energy crisis of 2022 and the pandemic of 2020-2021, a quarterly report by the International Energy Agency (IEA) said.
Argentina's YPF signs deal with Indian firms to export LNG
Argentina's state-run oil company YPF signed a memorandum of understanding with three Indian firms to potentially export up to 10 MMtpy of liquefied natural gas.
Portugal to import more US, Nigerian LNG, aims to end Russian supply
Portugal plans to increase purchases of liquefied natural gas (LNG) from the U.S. and Nigeria as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho said on Tuesday.
LNG traders divert six U.S. cargoes to Europe from Asia
Traders diverted at least six cargoes of liquefied natural gas (LNG) that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand.
Trump lifts freeze on U.S. LNG export permit applications
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's policies.
Azerbaijan resumes gas supplies to Bulgaria
The Azerbaijan Gas Supply Company has resumed natural gas supplies to Bulgaria which were interrupted nearly two weeks ago due to unplanned maintenance at the Shah Deniz Alfa gas platform.
U.S. natural gas demand expected to hit record high on Tuesday
U.S. natural gas demand is on track to reach a record high on Tuesday, as extreme cold hits much of the U.S., stressing power grids and some oil and gas operations.
Trump to declare 'national energy emergency' to boost fossil fuels, power projects
President Donald Trump laid out a sweeping plan to maximize already record high U.S. oil and gas production by declaring a national energy emergency, stripping away excess regulation, and withdrawing the U.S. from an international pact to fight climate change.
Poland to cut imports of Russian LPG by 80%
Poland, the largest importer of Russian liquefied petroleum gas (LPG), is set to cut its purchases this year by around 80% due to Western sanctions on Moscow over Ukraine, the Polish LPG association (POGP) said.
Moldova's separatist enclave hopes Russia will resume gas supplies soon
Moldova's breakaway Transdniestria region expects to receive Russian gas again soon to meet its needs, its leader Vadim Krasnoselsky said on Wednesday, two weeks into crippling power cuts in the Russian-backed enclave.
U.S. natgas prices rise to 2-yr high on record demand forecasts
U.S. natural gas futures rose about 1% to a 2-yr high on Wednesday on forecasts for more frigid weather over the Martin Luther King Jr. Day holiday weekend than previously expected, which could freeze gas wells and pipes and boost gas demand for heating to a record high.
Ten EU countries call for sanctions on Russian gas, LNG
Ten European Union (EU) countries have called for the 27-nation bloc to ban imports of pipeline gas and liquefied natural gas (LNG) from Russia, as Europe debates fresh sanctions on Moscow over the war in Ukraine.
Russia says potential bankruptcy or sale of Nord Stream 2 gas pipeline operator would be ‘theft’
Russian Foreign Minister Sergei Lavrov said on Tuesday that the potential bankruptcy or sale of the operator of the completed but never launched Nord Stream 2 gas pipeline would amount to "theft."
KT-Kinetics Technology, NEXTCHEM awarded contracts for Petronas hydrogen unit
KT-Kinetics technology will provide engineering, procurement, construction and commissioning services for a 38,000 m3/hr hydrogen production unit which is expected to be operational by the second half of 2028.
EU plans to let gas price cap expire, sources say
The European Union intends to let its gas price cap expire as scheduled at the end of this month, EU diplomats said, in a sign the worst of Europe's energy crisis from 2022 has passed.
U.S. natgas prices climb 4% on colder forecasts, record LNG feedgas
U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected and record flows of gas to liquefied natural gas (LNG) export plants.
TotalEnergies to pay $5 MM to settle U.S. FERC natgas manipulation case
A unit of French energy company TotalEnergies has agreed to pay $5 MM to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009–2012.
Austria's OMV agrees to supply Romanian gas to Germany
Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, as Europe seeks new ways to boost energy security after cutting ties with Russia.
Europe's LNG imports surge, but not at Asia's expense
Europe's imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn't come at the expense of Asia, which also recorded higher arrivals.
U.S. natural gas prices jump 9% as winter storms boost heating demand, freeze wells and pipes
U.S. natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes start to freeze.
Central Europe gas flows adjusted after Ukraine transit ends
Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall.
EU's cleaner marine fuel rules are inflationary, shipbrokers say
European Union marine fuel rules, effective from Jan. 1 as part of efforts to cut emissions, will raise shipping costs, although firms with vessels that can run on alternative fuels, such as biodiesel and liquefied natural gas (LNG), will benefit, two shipbrokers said.
Italy calls for EU gas price cap at €60 per MW/hr
The European Union should extend its emergency cap on gas prices and set a ceiling of €60 per megawatt hour (MW/hr) to prevent a possible energy price shock.
Senegal and Mauritania announce first gas from bp's Greater Tortue Ahmeyim project
The Greater Tortue Ahmeyim gas project developed by bp and partners has produced its first gas from an offshore field in Senegal and Mauritania.
European Commission says bloc can cope with halt of Russian gas flow
The European Commission played down the impact of a halt of Russian gas exports to Europe via Ukraine on Wednesday, saying the stop on Jan. 1 had been expected and that the bloc was prepared for it.
Russian gas flows via Ukraine for last days as transit deal crumbles
Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia's once mighty hold over the European gas market.
Austria energy regulator expects smooth transition as Ukraine gas deal ends
Austria should not face supply disruption as it has prepared for the switch from eastern supplies of natural gas to western alternatives after Ukraine's contract with Gazprom expires on Tuesday.
U.S. natgas prices leap 23% on cold forecasts, rising LNG feedgas
U.S. natural gas futures soared more than 23% on Monday to mark their biggest daily percentage increase in two months, fueled by forecasts for more cold weather in January and an increased amount of gas flowing to liquefied natural gas (LNG) export plants.
Moldova to limit power exports, limit use as Russian gas cut-off looms
Moldova said on Friday it will curb power exports and introduce measures to reduce consumption by at least a third from Jan. 1, as it prepares for an end to Russian natural gas supplies.
U.S. Ex-Im bank approves $526-MM gas-to-energy loan to Guyana
The U.S. Export-Import Bank approved a $526-MM loan to Guyana for an energy project designed to double the South American country's installed electric capacity and reduce oil imports.
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Nicor Gas celebrates its first renewable natural gas interconnection
- Phillips 66 outlines nearly $3-B capital program for 2025
