economics
Nuclear growth helps South Korea cut back on coal and LNG imports
Record nuclear power production is helping South Korea to cut imports of thermal coal and LNG to multi-year lows so far in 2025.
Shell unveils market strategy during Capital Markets Day
During Shell’s Capital Markets Day 2025, it unveiled the next steps in the execution of its strategy. Shell is strengthening its commitment to value creation and maintaining its focus on performance, discipline and simplification.
Trafigura scraps plans for $471-MM hydrogen plant in South Australia
Trafigura has abandoned plans to build an A$750-MM ($471.2-MM) green hydrogen plant at its Port Pirie lead smelter in South Australia, a spokesperson for the global commodity trading firm said on Tuesday.
Shell says outcome of Russian claim for €1.5 B 'uncertain'
The outcome of a Russian prosecutor asking Shell to pay Gazprom €1.5 B ($1.62 B) for alleged unpaid gas deliveries in 2022 is "uncertain," Shell said in its annual report published on Tuesday.
Gujarat State Petronet Limited commissions 18-MMm3d Chhara gas pipeline (India)
A 18-MMm3d natural gas pipeline connecting the greenfield 5-MMtpy LNG regasification terminal at Chhara in the Gir-Somnath district with the gas grid has been commissioned.
MARAD approves Delfin LNG project license
The Maritime Administration issued a license authorizing to Delfin LNG to own, construct, operate and eventually decommission a deepwater port, to export LNG from the U.S.
China’s LNG import plunge comes at just the right time for Europe
China’s imports of liquefied natural gas (LNG) have sputtered this year, freeing up volumes that are helping Europe restock its rapidly dwindling supplies following a harsh winter.
Golar LNG signs finance lease agreements for FLNG Gimi
Golar LNG Limited announced that it has entered into finance lease agreements with a consortium of leading Chinese leasing companies for the refinancing of the existing FLNG Gimi debt facility. The sale leaseback facility will be approximately $1.2 B.
U.S. natgas prices edge up 1% on record flows to LNG export plants
U.S. natural gas futures edged up about 1% on Friday on record flows to liquefied natural gas (LNG) export plants.
Apollo to partner with bp on TANAP gas pipeline
Apollo Funds to invest ~$1 B for non-controlling shareholding in BP Pipelines (TANAP), which holds bp’s 12% interest in the Trans-Anatolian natural gas pipeline (TANAP), part of the Southern Gas Corridor pipeline system.
Europe gas: Prices down as milder weather mutes demand
Dutch and British wholesale gas prices were down on Thursday morning, following a rebound in the previous session, amid warmer weather and as the market continued to monitor any progress in Ukraine-Russia ceasefire talks.
U.S. ethane production, consumption and exports set new records in 2024
U.S. ethane production, consumption, and exports reached record highs in 2024. Increasing ethane recovery associated with natural gas production and continued growth in the domestic and global petrochemical sectors drove these increases.
Japan gas industry head says higher U.S. LNG imports must be mutually beneficial
Higher imports of U.S. liquefied natural gas (LNG) would enhance Japan's supply stability and energy security, but they must be pursued in a mutually beneficial manner for both parties, the head of Japan's gas industry group said on Wednesday.
Crowley and Naturgy deploy first U.S. LNG carrier to serve Puerto Rico
Crowley has commenced operations on the first domestic LNG carrier to transport U.S.-sourced natural gas to Puerto Rico, delivering LNG to Naturgy's operating facility in Penuelas, Puerto Rico.
ExxonMobil Australia, Woodside approve FID for $221-MM gas project
ExxonMobil's Australian unit said that its Gippsland Basin JV with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources and possibly providing additional resources for the domestic market
Petronas says still in talks with Sarawak over gas aggregator role
Malaysia's state energy firm Petronas said on Saturday it is continuing discussions with multiple stakeholders following a report that negotiations over the ongoing gas aggregator role with Petros have reached a deadlock.
Brazil's Petrobras in talks with U.S. LNG suppliers for long-term deal
Brazil's state-run oil firm Petrobras is in talks with U.S. LNG suppliers for a long-term import deal. Brazil is Latin America's largest oil producer, but consumes more gas than it produces and relies on imports to fill the gap.
Alaskan officials to seek investors in Japan as Trump touts U.S. LNG
The project aims to transport natural gas south from Alaska's remote north via a $44-B 1,300-km pipeline, to be shipped as LNG to Japan, South Korea and Taiwan. Exports could begin by 2030 from a project that could deliver about 3.5 Bft3/d.
CTCI Corp., IHI awarded EPC contract to build LNG cryo tanks for CPC Corp. in Taiwan
CTCI Corporation has jointly won a NT$26.6-B (> $800 MM) EPC bid with Japan’s IHI Plant Services Corporation to build LNG cryogenic tanks for CPC Corp., Taiwan’s state-owned petroleum company, at CPC Kaohsiung Intercontinental LNG Terminal.
EU countries draft plan to soften gas storage targets, document shows
European Union countries are discussing making the bloc's binding gas storage goals more flexible, over concerns that the rules risk inflating gas prices.
Woodside signs long-term LNG supply deal with China Resources Gas
Australian energy giant Woodside Energy has signed a long-term sale and purchase agreement with China Resources Gas International for the supply of liquefied natural gas (LNG) to China.
U.S. natural gas prices ease to 2-week low on record output, negative Waha prices
U.S. natural gas futures eased to a two-week low on Monday on record output, negative spot prices at the Waha Hub in West Texas and forecasts for the weather to remain mild through the start of April, which should keep the amount of gas utilities pull from storage to heat homes and businesses lower than usual for this time of year.
U.S., Vietnam firms sign deals on energy and minerals
Vietnamese and Americans firms have signed a series of deals on energy and minerals during a visit to the United States by Vietnam's trade minister.
U.S. approves $5-B loan to TotalEnergies for Mozambique gas project
The board of the U.S. Export-Import Bank approved a nearly $5-B loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.
Insight: Gazprom's grandeur fades as Europe abandons Russian gas
The European Union aims to end its use of Russian fossil fuels by 2027 and its overall gas consumption has decreased in part due to a shift to renewable energy sources. Last year, Gazprom posted a net loss of $7 B for 2023, its first since 1999, the year Putin came to power. It posted another loss in the first 9 months of 2024, the latest period for which figures are available.
U.S. propane exports have increased every year since 2007
U.S. propane exports averaged a record 1.8 MMbpd in 2024, the most since the U.S. Energy Information Administration (EIA) began collecting this data in 1973. U.S. propane exports increased for each of the last 17 years, with growth driven by higher demand in East Asia, mainly China, and a widening propane price differential between U.S. and global benchmarks.
Egypt to lease German gas liquefaction unit to bolster production
Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said.
Cheniere to use electricity to cut emissions from LNG production
Top U.S. LNG producer Cheniere plans on using electricity from the Texas grid at some of its LNG facilities to reduce emissions.
ARC Resources to supply ExxonMobil with LNG
ARC Resources has entered into a long-term liquefied natural gas (LNG) supply agreement with a unit of ExxonMobil.
Woodside investment decision on Louisiana LNG may slip into Q2
Australia's Woodside LNG may push a final investment decision on its Louisiana LNG plant into the second quarter of 2025 as talks to sell half of the project drag on
- Biogas in France: TotalEnergies starts its 2nd largest unit in Normandy
- ONEOK announces joint ventures with MPLX to build LPG export terminal at U.S. Gulf Coast location
- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
