economics
Freeport LNG gets approval to restart more of export plant in Texas (U.S.)
U.S. LNG company Freeport LNG received approval from federal energy regulators to take more steps to return its export plant in Texas to full operation.
Eni could more than double gas production in Indonesia
Italy's Eni could more than double its gas production in Indonesia thanks to the development of a recent discovery and potential synergies with assets it already owns.
Asia spot LNG prices steady on heating demand support
Asian spot LNG prices were little changed this week, as steady European heating demand supported prices despite forecasts of mild weather in the coming months.
Ghana hit by power outages due to limited gas supply
Several areas of Ghana were hit by power outages due to a drop in electricity generation after the West African country's power transmission company warned of limited gas supply for power generation.
TotalEnergies commissions its LNG Floating Terminal in the Port of Le Havre
TotalEnergies announces the commissioning of the Cape Ann, its FSRU for LNG located in the port of Le Havre. The terminal injected its first MWh of gas into the grid operated by GRTgaz, using LNG from Norway.
TotalEnergies targets FID on Matola LNG by Sept 2024
French energy company TotalEnergies expects to take a final investment decision on a planned new LNG import terminal at Mozambique's Matola port by September next year.
thyssenkrupp Uhde awarded contract by ENOWA to supply a green methanol and methanol-to-gasoline plant
thyssenkrupp Uhde has been awarded a contract by ENOWA, NEOM’s energy and water company, for engineering services and the supply, design and procurement of equipment for a new CO2-to-methanol and methanol-to-gasoline demonstration plant at ENOWA’s Hydrogen Innovation and Development Center in Saudi Arabia.
Finland LNG terminal to open booking for winter slots
Finland's Gasgrid, which operates the floating LNG import terminal at Inkoo, will be opening booking for its revised winter slots for three days to help maintain stable supplies after the loss of a pipeline.
Gascade gains mining approval for pipeline link to boost LNG flow from Ruegen to Lubmin
Gas grid company Gascade has obtained approval from mining authorities to complete a link for a pipeline linking Mukran port on the German Baltic Sea island of Ruegen with Lubmin on the mainland so that more LNG can flow.
Thailand soars from 11th to 8th in global LNG import rankings with 25% surge
Thailand has jumped from eleventh to eighth in the world ranking for imports of LNG, after purchases through October soared 25% from the same period in 2022.
Vaar Energi says Goliat field may supply gas to Hammerfest LNG
Vaar Energi said it will decide next year whether to send natural gas from Norway's Goliat petroleum field in the Arctic Barents Sea to the nearby Hammerfest LNG plant for export to world markets.
IEA says "unprecedented" supply surge could lead to LNG glut from 2025
An expected strong rise in LNG production capacity will ease prices and gas supply concerns, but also risks creating a supply glut.
Spain's industrial gas demand recovered in Q3
Demand for gas from Spain's industry increased by more than 25% in the third quarter from a year earlier, boosted by companies in the refining, chemical and pharmaceutical sectors.
Construction of Mongolian part of Russian gas link to China may start in early 2024
Construction of the Mongolian portion of Russia's planned new Power of Siberia-2 gas pipeline to China may start in the first quarter or first half of 2024.
EU on track to quit Russian natural gas
The European Union is on track towards its goal of ending Europe's reliance on Russian natural gas within this decade.
Italy's LNG deal with Qatar shows how hard it is to quit gas
Italy's ENI SpA signed a deal this week to purchase up to 1 million tons of LNG annually from QatarEnergy for the next 27 years, locking in gas flows to Southern Europe's largest economy until at least 2050.
Singapore LNG to develop country's second LNG terminal
Singapore LNG Corp will develop and operate the country's second LNG terminal, with gas supply capacity of up to 5 mtpa.
Norwegian September gas output lags forecasts, hits 4-year low on outages
Norway's natural gas output fell in September to its lowest level since 1999, lagging an official forecast as maintenance cut production, while crude oil also fell behind expectations.
Oman LNG extends supply deals with shareholders up to 2034
Oman LNG signed agreements to extend supplies to shareholders including Shell and TotalEnergies for up to 10 years beyond 2024.
Russia's Gazprom to supply extra gas to Hungary and China this year
Russia's Gazprom will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 Mm3 this year on top of contractual obligations.
Navigator CO2 Ventures cancels carbon-capture pipeline project in U.S. Midwest
Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 Mmt of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground citing "unpredictable" state regulatory processes.
Gasgrid publishes revised winter booking plan for floating LNG terminal
Finland's Gasgrid, which operates the floating LNG import terminal at Inkoo, published a revised booking schedule for 6 slots between December and March, to help maintain stable supplies after the loss of a pipeline.
Asia spot LNG prices rise on stronger northeast Asian demand
Asian spot LNG prices rose more than $3 this week to a near nine-month high, supported by increased demand from northeast Asian buyers and amid tensions in the Middle East.
Amid gas scramble, Africa leads a boom in nimble export facilities
Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible.
Elenger to deliver LNG cargo to Finland's Inkoo in late November
Elenger, part of Estonia's Eesti Gaas, said it will deliver a cargo of LNG from the U.S. to Finland's Inkoo terminal in the second half of November.
LNG tanker diverts from Egypt terminal as gas flows from Israel ebb
A tanker seeking to fill up LNG at a terminal in Egypt left empty and diverted to another port, after an Israeli pipeline supplying gas was halted due to Israel-Hamas conflict.
Finland's Gasgrid to offer spot for new November LNG cargo
Finland's Gasgrid, which operates the Inkoo floating LNG import terminal at Inkoo, will offer an additional late spot in November in a cargo booking window planned for Oct. 20.
Russia aims to boost LNG sales, trade with China via NSR, Novak says
Russia wants to increase trade with China via the Northern Sea Route and become its top supplier of LNG.
Technip Energies has complied at all times with applicable sanctions in relation to the Arctic LNG 2 Project
As of February 24, 2022, the date of the invasion of Ukraine, Technip Energies was overseeing the Arctic LNG 2 project in Gydan, northern Russia. The contract, awarded in 2019, covered engineering, equipment procurement and the construction of three LNG trains.
Germany builds up LNG import terminals
State-owned Deutsche Energy Terminal will hold two auctions for short-term regasification capacities in 2024 at LNG terminals at Brunsbuettel and Wilhelmshaven 1 on October 16 and 23.
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
- Shell exits China power market businesses, renews focus on natural gas
