economics
Europe energy markets are well supplied but prices too high, SEFE CEO says
European energy markets are very well supplied but market prices are significantly higher than before, leading to Europe losing a competitive edge in the global economy, the head of nationalized German energy firm SEFE said.
Qatar energy minister has no concerns over Trump vow to lift LNG exports cap
Qatar has no concerns about U.S. President-elect Donald Trump's promise to lift a cap on liquefied natural gas (LNG) exports, Qatar's Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition.
U.S. natural gas up more than 3% to 1-week high as weather turns colder
U.S. natural gas futures rose > 3% to more than a one-week high on Monday, helped by a shift in short-term forecasts to cooler weather that would lead to increased gas demand for heating.
Gas price shock set to add to Europe's industrial pain
Europe's struggling industries are bracing for a new gas price shock over the coming winter months, as colder weather depletes stocks, competition with Asia for liquefied natural gas (LNG) intensifies, and the prospect of reduced Russian supplies looms.
Biden Administration to release LNG study by mid-December
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas (LNG) exports by the middle of this month, a Department of Energy (DOE) official said on Wednesday.
Sembcorp Industries inks 10-yr LNG supply deal with Chevron's Singapore unit
Sembcorp Industries said its Sembcorp Fuels unit signed a deal with Chevron USA's Singapore unit to import up to 0.6 MMtpy LNG starting in 2028.
bp seeks buyers for U.S. natural gas pipeline system stake
bp is seeking buyers for a stake in its U.S. natural gas pipeline network. The British energy company could raise up to $3 B from the sale, with sources saying that bp may sell up to a 49% stake in the business.
API: Demand for U.S. LNG shows folly of permitting pause
Global demand for U.S. liquefied natural gas (LNG) remains strong – which again should give pause to the Biden administration’s decision to halt in permitting for new and pending LNG export projects.
Putin removes Gazprombank from payments for Russian gas exports
Russian President Vladimir Putin canceled a requirement for all buyers of Russian gas to pay through Gazprombank, a presidential decree showed on Thursday, after the United States targeted the state-controlled lender with sanctions.
Pakistan defers LNG contract with Qatar for a year
Pakistan has deferred an agreement to buy liquefied natural gas (LNG) from Qatar for a year, Petroleum Minister Musadik Malik said on Wednesday, and will now receive the contracted LNG cargoes in 2026 instead of 2025.
Rising LNG terminal costs to make new U.S. projects less competitive
Rising costs of building and equipping new U.S. liquefied natural gas (LNG) plants will reduce the competitiveness of U.S. gas exports.
Flex LNG announces 15-yr time charter for Flex Constellation LNG carrier
Flex LNG announced it has agreed a new Time Charter Agreement for Flex Constellation for 15-years. Commencement of the charter will occur during the first or second quarter of 2026 with maturity in 2041. The TC also include an extension option for the charterer until 2043.
Argentina government greenlights key Vaca Muerta gas pipeline project
Argentina's government has greenlit a key $500-MM private sector gas pipeline expansion project, a key signal of state support to boost transport capacity as it ramps up domestic energy production.
QatarEnergy signs long-term LNG deal with Shell for delivery to China
State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with LNG for delivery to China. The deal is for the supply of 3 MMtpy of LNG, said QatarEnergy in a statement on Monday, adding that the agreement will start in January 2025.
Woodside to bring in several partners to Louisiana LNG project by March
Woodside Energy expects to bring several partners into its Louisiana liquefied natural gas development by the time the company gives the financial go-ahead to the U.S. project in the first quarter of 2025, said its CEO. Australia-listed Woodside is seeking to sell a 50% stake in the Louisiana LNG project.
Goldman warns of likely Asia LNG price rise on European supply crunch
Asia prices of LNG could jump to above $20/mmBtuif European gas supply tightens this winter, an analyst at Goldman Sachs told reporters on Wednesday.
Japan's JERA sees no impact on its LNG supply from sanctions on Gazprombank
Japan's top utility JERA sees no impact from new U.S. sanctions on Gazprombank on its procurement of LNG from Russia's Sakhalin-2 project, as it does not use the lender for payment settlements, its president said.
Contentious COP29 deal shows climate cooperation fraying at edges
When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse.
Trump prepares wide-ranging energy plan to boost gas exports
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new LNG projects and increase oil drilling.
Russian gas flows to Europe via Ukraine stable despite Gazprom-OMV row
Russian gas exports to Europe through Ukraine have been stable on Monday despite a contractual row between Austria's OMV and Kremlin-owned Gazprom, which halted gas flows to the Vienna-based company this month.
LNG is stepping up to solve Europe gas woes, but at a price
Concerns that Europe is facing a natural gas supply crunch this winter are overblown, with the liquefied natural gas (LNG) market already stepping up to avoid any shortfall, albeit at higher prices.
Pipeline operator ONEOK to buy remaining shares of EnLink in $4.3-B deal
Pipeline operator ONEOK says it will buy the remaining shares of peer EnLink Midstream for $4.3 B in an all-stock deal, boosting its presence in the Permian Basin amid increased consolidation in the U.S. energy sector.
Blackstone to buy pipeline stakes from EQT for $3.5 B
Natural gas producer EQT said on Monday that alternative asset manager Blackstone would buy minority stakes in some of its pipelines for $3.5 B in cash through a joint venture.
Kremlin says new U.S. sanctions are an attempt to hinder Russian gas exports
The Kremlin on Friday said that new U.S. sanctions on Russia's Gazprombank were an attempt by Washington to hinder the export of Russian gas, but said a solution would be found.
Gauging the likely Trump effect on U.S. energy and power sectors
President-elect Donald Trump's support for the fossil fuel sector and climate skepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum.
U.S. LNG exports primed to jump as price arb to Europe opens wide
United States exports of LNG to Europe are set to jump in the coming weeks after the price spread between domestic natural gas and Europe's main gas pricing hub hit one-year highs.
Egypt in talks with foreign companies over long-term LNG purchases
Egypt is in talks with U.S. and other foreign companies to purchase long-term volumes of LNG, as it seeks to cut its reliance on more costly spot market purchases to meet power demand.
Japan's LNG handling volume up 1% in FY23/24 as external trade rises
The volume of liquefied natural gas (LNG) handled by Japanese companies rose 1% year-on-year to 103.13 MM tonnes (t) in the fiscal 2023/24 year as external trade increased.
Finland's Gasum buys Danish biogas plant
Finland's Gasum has signed an agreement to acquire Haerup Biogas, which owns and operates a biogas plant in the northern part of Denmark.
LNG tankers divert to Europe from Asia after Russia halts supplies to Austria's OMV
At least five cargoes of liquefied natural gas (LNG) have diverted from Asia to Europe in the past few days, drawn by higher gas prices on the continent after Russia's Gazprom halted supplies to Austria's OMV.
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vaisala seeks to remove greenwashing from carbon capture with new measurement solution
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
