economics
Phillips 66 completes acquisition of EPIC NGL for $2.2 B
Phillips 66 announced the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of approximately $2.2 B.
Japan's Tokyo Gas expands in U.S. shale gas with Chevron deal
TG Natural Resources LLC, co-owned by Tokyo Gas and Castleton Commodities International, has bought a 70% stake in east Texas gas assets from Chevron for $525 MM, as it expands its U.S. gas business.
Gas giants say Australia opposition’s plan to reserve supplies could worsen shortfall
Global gas giants said an election campaign proposal by Australia's opposition coalition that would force producers to direct more export gas into the domestic market would deter investment without tackling looming shortages.
Russia's Arctic LNG 2 plant resumes operation 'slowly'
Russia's Arctic LNG 2 plant, under U.S.-sanctions, has resumed natural gas processing at a low rate this month, though it has yet to deliver its first cargo to the buyers.
Europe could need an extra $11 B of gas to refill winter stores
Europe may need up to an extra 250 cargoes of LNG this year, costing at least $11 B to refill its depleted gas stores
U.S. LNG exports soar in March on ramp up of Plaquemines LNG plant
The U.S. exported a record amount of LNG in March, selling more than 9 MMt of the superchilled gas
Canada’s propane exports to Asia are growing, making up more than 40% of exports in 2024
Canada’s propane exports have steadily increased over the last decade, reaching record highs in 2024 as new marine export terminals streamlined the flow of propane from western Canada to export destinations, particularly to Asia.
U.S. regulators issue preliminary environmental support for Rio Grande LNG
The Federal Energy Regulatory Commission issued a preliminary decision supporting environmental approval for NextDecade's Rio Grande LNG project in southern Texas.
EU ban on Russia's LNG re-exports comes into effect
The European Union's ban on re-exporting Russian liquefied natural gas (LNG) via EU ports, which aims to reduce Moscow's revenues after its invasion of Ukraine, came into effect this week.
Europe gas: Prices hold steady despite latest Sudzha gas station attack
Dutch and British wholesale gas prices were largely steady on Friday as the latest attacks on a Russian gas supply point were balanced by an improved supply-demand outlook as winter ends.
U.S. natgas prices steady as record LNG flows offset record output
U.S. natural gas futures held steady on Friday as record flows to liquefied natural gas (LNG) export plants offset a decline in daily output and forecasts for lower demand than previously expected this week and next.
Opinion: U.S. LNG exporters could hit methane snag in Europe
The Trump administration’s broad policy goal of achieving “energy dominance” may run into headwinds in the country’s largest export market, the European Union, due to new methane regulations.
TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
TotalEnergies and its partners, Equinor and Shell, announced the Final Investment Decision (FID) of the second phase of the Northern Lights development, which will increase the project transport and storage capacity from 1.5 MMtpy to more than 5 MMtpy of CO2 from 2028.
India weighs scrapping import tax on U.S. LNG, looks to boost purchases
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump.
The U.S. remained the world’s largest LNG exporter in 2024
The U.S. exported 11.9 Bft3d of LNG in 2024, remaining the world’s largest LNG exporter.
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
- 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
