economics
Europe Gas: Prices extend gains amid LNG concerns, colder weather
European and British wholesale gas prices extended gains from the previous day, driven by colder weather forecasts and to ensure competitive pricing with Asia for deliveries of liquefied natural gas (LNG).
VDMA valves association market analysis: Industry standstill looms after a strong 2024
The industrial valves industry performed better than expected in 2024 despite adverse conditions. Overall, nominal sales growth of 6% was achieved. While European business declined by 1%, international sales climbed by 11%.
Woodside sees $1.2-B U.S. LNG play paying off as Trump policies drive deals
Woodside Energy, Australia's top gas producer, is well positioned to capitalize on demand for U.S. liquefied natural gas (LNG) driven by President Donald Trump’s trade policy and pro-fossil fuel agenda.
U.S. natural gas prices fall more than 5% on milder weather forecasts
U.S. natural gas futures fell more than 5% on Monday, dragged down by forecasts of milder weather and lower heating demand next week than previously anticipated.
Asia LNG imports set to drop to 22-month low as Europe surge drives prices
Asia's imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly two years in February, while Europe's are set to surge to the second-highest on record.
Repsol cuts green hydrogen target by as much as 63%
Spanish energy company Repsol cut its 2030 target for green hydrogen production by up to 63%, Chief Executive Josu Jon Imaz said, highlighting the challenges of a high-cost industry heavily reliant on subsidies.
Centrica signs 0.8-MMtpy LNG supply agreement with Brazil's Petrobras
Centrica announced that it has entered into a major Sale and Purchase Agreement with Petrobras. The contract provides for the purchase by Petrobras of 0.8 MMtpy of LNG for 15 years, commencing in 2027.
LNG exporter Cheniere forecasts 2025 profit below estimates
U.S. liquefied natural gas exporter Cheniere Energy forecast its 2025 core profit largely below Wall Street expectations on Thursday, after reporting a sharp fall in annual earnings and lower LNG revenue due to weaker prices.
Kinder Morgan closes $600-MM acquisition of Outrigger Energy II's natural gas gathering and processing system
The acquisition includes a 270 million cubic feet per day (MMcf/d) processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets
EU seeks to 'immediately engage' with LNG suppliers, draft shows
The European Union will consider investing in LNG projects abroad as part of plans to "immediately engage" with reliable suppliers to try to lower energy prices
Venture Global LNG to start commercial operations in April at Calcasieu Pass Louisiana (U.S.) plant
Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, some three years after it shipped its first LNG cargo in a move that led to a protracted dispute with customers.
Spain's Enagas plans multibillion-euro investment in H2 infrastructure
Spanish gas grid operator Enagas plans to invest more than €4 B ($4.18 B) by the end of the decade, with more than three quarters of that earmarked for H2 infrastructure.
Australia's Woodside in talks with at least three partners for Louisiana LNG
Woodside Energy has held talks with several potential buyers of stakes in its Louisiana liquefied natural gas (LNG) plant, including Tokyo Gas, Japan's JERA and Saudi Aramco-backed MidOcean Energy.
Opinion: Cheap Russian gas in Europe? No such thing
As European officials consider the possibility of restarting Russian gas pipeline imports as part of an eventual peace deal in Ukraine, they should be clear about one thing: Russian gas never was, and likely never will be, cheap.
Italy's Intesa Sanpaolo adds to list of banks shunning Papua LNG project
Italy's largest banking group, Intesa Sanpaolo, and the Asian Development Bank (ADB) said they will not finance a $10-B LNG project in Papua New Guinea, as environmental groups lobby against the project being developed by France's TotalEnergies, Australia's Santos and U.S.-based ExxonMobil.
Power up: Considerations to help understand the potential of cogeneration
Combined heat and power, also known as cogeneration, converts one form of energy to two usable forms, typically heat and power. By simultaneously producing onsite electricity and heat, cogeneration systems can provide reliable energy at reduced overall costs.
Ammonia decomposition—Hydrogen carrier value chain
Ammonia is emerging as one of the most promising H2 carriers, offering solutions to several critical challenges associated with H2 storage and transportation. As H2 is increasingly recognized as a pivotal component in the transition to a carbon-free energy future, efficient storage and transportation systems have become crucial for its widespread adoption.
A novel process and machinery unit for the highly efficient liquefaction of renewable natural gases
This article describes a gas expansion-based liquefaction process using a proprietary machine called a compander.. Highlights of the process include ease of operation and permitting, as well as high quality thanks to in-house design, manufacturing, assembly and testing of key components.
U.S. aims to 'get out of the way' of oil and gas, says energy secretary
U.S. Energy Secretary Chris Wright said his top priority was for the government to "get out of the way" of the production of oil, gas and coal, adding that a number of approvals for gas projects were in the queue.
U.S. natgas prices climb 3% to three-week high on colder forecasts, rising LNG flows
U.S. natural gas futures climbed about 3% to a three-week high on Friday (2/14) on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for colder weather lifting expected heating demand next week.
India's BPCL signs LPG supply deal with Norway's Equinor
India's state-run refiner Bharat Petroleum Corp plans to buy propane and butane from Norwegian energy giant Equinor.
Tengizchevroil to supply 240,000 tons of LPG for domestic market (Kazakhstan) in 2025
Kazakhstan's biggest oil producer, Chevron-led Tengizchevroil (TCO), plans to supply 240,000 tons of liquefied petroleum gas (LPG) for the domestic market in 2025, Kazakhstan's energy ministry said on Friday.
EU to hold next round of joint gas buying in March
The European Union will hold its next round of joint gas buying in March, seeking demand from buyers for the next five years to help Europe replace Russian fuel.
Petronet LNG: LNG terminal expansion projects update, increasing trade via Singapore unit
According to Reuters, a Petronet LNG executive said that the Dahej LNG terminal expansion project is scheduled to be completed in 3 mos-4 mos. In addition, the executive provided the following update on other projects:
Inpex targets FID for Indonesia's Abadi LNG project in 2027
Japan's biggest oil and gas explorer, Inpex Corp, said it aims to make a final investment decision on its Abadi LNG project in Indonesia in 2027 as part of its efforts to expand LNG supply. Under a new three-year business plan through 2027, the company plans to invest 1.8 trillion yen ($11.7 B) in growth areas, including its flagship Ichthys LNG project in Australia.
India's natural gas use target hinges on higher gas-fired power generation
India's plan to boost the share of natural gas in its energy mix hinges on lower global LNG prices that will make gas-fired electricity generation more competitive. India aims to raise the share of natural gas in its energy mix to 15% by 2030 from 6.2% currently.
Japan's JERA sees rising competition for U.S. LNG as Asia, Europe demand grow
Japan's top power generator JERA expects competition for U.S. LNG to increase as demand from Asia and Europe rises, its Asia CEO said. "There are many potential buyers. Asian and European buyers are really interested in U.S. energy. So, there are many competitors,” JERA Asia CEO Izumi Kai told Reuters on the sidelines of the India Energy Week conference.
TotalEnergies signs 10-yr LNG supply deal with India's GSPC
TotalEnergies has signed a deal to supply the Gujarat State Petroleum Corporation with 400,000 metric tpy of LNG, beginning in 2026. India will have to double annual imports by the end of the decade to meet rising demand from rapid urbanization and industrialization.
ADNOC Gas signs 14-yr, multibillion dollar LNG supply agreement with Indian Oil Corp.
The agreement, signed by ADNOC Gas and IndianOil, is valued in the range of $7 B-$9 B over its 14-year term.
Tanzania hopes to conclude talks for LNG project by June
Tanzania is discussing tax incentives with investors in a stalled project to construct a $42-B LNG plant in the country, Energy Minister Doto Biteko said on Tuesday, adding the talks could be completed by June. Equinor and Shell are joint operators of the country's mega gas project, while ExxonMobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners.
- EnviTec Biogas looks to expand biogas production into the U.S.
- 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
- Trump lifts freeze on U.S. LNG export permit applications
