economics
FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast
In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.
Heidelberg Materials North America announces latest step in Edmonton CCUS Project
Heidelberg Materials North America announced a significant milestone in its two-stage competitive procurement process as it works to select the capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage Project.
GTA LNG project reaches major milestone with arrival of FLNG vessel
The FLNG vessel that is a core component of the Greater Tortue Ahmeyim LNG project has arrived at its destination on the Mauritania and Senegal maritime border.
STX Group announce unique financing partnership with Biovalue for Dutch biomethane plant
STX Group announced the financing partnership with BioValue for the construction and development of the Groengas Cothen biomethane plant.
Cyprus could produce first natural gas as soon as 2026
Cyprus could start producing its first natural gas as soon as 2026 and plans to participate in a high-powered electricity cable project linking the eastern Mediterranean to continental Europe.
Japan gas utility lobby says U.S. remains key LNG supplier
The head of Japan's gas utilities group said the United States, the world's biggest exporter of LNG, remains an important supply source for Japan despite the recent pause in U.S. LNG export permits.
EU sees no need to extend deal on Russian gas transit via Ukraine
The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract's planned expiry at the end of the year.
Industry to drive tripling of natural gas consumption in India by 2050
In EIA's International Energy Outlook 2023, it was projected that natural gas consumption will more than triple in India by 2050 with an annual growth of 4.4% over that period, more than twice the 2.0% annual growth rate of natural gas consumption in China, the next-fastest-growing country.
ADNOC and bp to form gas joint venture
ADNOC and bp announced that they have agreed to form a new JV in Egypt which will combine the pair’s deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio.
Kazakhstan's TCO cranks up LPG exports to Finland
Kazakhstan's Tengizchevroil exported about 2,000 metric tons of LPG to Finland by rail last month as the company seeks to expand in new markets.
U.S. president Biden's pause on LNG approvals will not hit Europe short-term supply
President Joe Biden's decision to pause approvals of new exports of LNG will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said after meeting U.S. officials.
Iran's main gas pipeline hit by sabotage, oil minister says
Two explosions along Iran's main south-north gas pipeline network were caused by sabotage, the Iranian oil minister told state TV, without naming any suspects.
U.S. LNG export terminal permit pause could boost coal use abroad, says Williams CEO
The Biden administration's pause on approving permits for U.S. LNG export terminals could backfire by boosting coal usage overseas, Alan Armstrong, CEO of U.S. natural gas pipeline operator Williams Companies said.
Chesapeake Energy Corporation, Delfin LNG and Gunvor sign long-term LNG liquefaction offtake agreement indexed to Japan Korea Marker
Chesapeake Energy Corporation, Delfin LNG LLC and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd, today announced the entrance into a LNG export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake.
Victaulic acquires Utility Coatings & Fabrication, Inc.
Victaulic, a manufacturer of mechanical pipe-joining, fire protection and flow control solutions, acquired Utility Coatings & Fabrication, Inc., located in West Jordan, Utah.
Austria seeking to end Russian gas import contract, energy minister says
Faced with stubbornly high Russian gas imports as the war in Ukraine rages on, Austria is seeking to take more radical steps, including ending energy company OMV's long-term contract to buy gas from Gazprom.
Former Trump, Bush officials urge Congress to reverse Biden's LNG pause
Dozens of former officials from the past two Republican U.S. administrations urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.
National Grid, Constellation Energy agree on LNG supply deal for Massachusetts (U.S.) facility
Britain's National Grid said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.
NYK takes delivery of Japan’s first LNG-fueled capesize bulk carrier
A naming ceremony was held for an LNG-fueled capesize bulk carrier that was ordered by NYK and will be deployed to transport iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation.
Diamondback in $26-B deal to buy Endeavor Energy in growing Permian push
Shale producer Diamondback Energy, said it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 B, including debt.
ADNOC Gas reports 24% Y-o-Y increase in Q4 2023 net income to $1.35 B
ADNOC Gas plc and its subsidiaries, a world-class integrated gas processing company, today announced its consolidated financial results for the three months ended December 31, 2023 and for the period from 8 December 2022 to 31 December 2023.
Russia extends permit for LNG supplies to Germany's SEFE until 2040
The Russian government has extended a permit for its Yamal LNG plant to supply LNG to German nationalized gas importer and trader SEFE until Dec. 31, 2040.
Spain's gas imports down 5% in January from same month last year
Spain's natural gas imports fell more than 5% in January compared to the same month a year earlier, data from Spanish grid operator Enagas showed.
LNG export review should weigh impact on green hydrogen market
A review of U.S. LNG that the Energy Department will conduct during a pause on new permits should weigh the impact of gas exports on the development of the emerging green hydrogen market.
Top Biden Administration (U.S.) official at Senate hearing defends LNG pause
A top U.S. Department of Energy official defended President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.
U.S. natgas prices fall 4% to fresh 3-year low on rising output, weak demand
U.S. natural gas futures fell about 4% on Friday to a fresh three-year low on near-record output, ample amounts of fuel in storage, forecasts for milder weather and less heating demand over the next two weeks than previously expected, and low amounts of gas flowing to LNG export plants due to an outage at Freeport LNG's facility in Texas.
Asia spot LNG prices dip on tepid demand, healthy stocks
Asian spot LNG prices dipped this week, remaining below $10 per MMBtu for the fourth week running, with a limited outlook for recovery due to tepid demand and strong inventories.
Premium of U.S. oil over natural gas hits 11-year high on natural gas price plunge
The collapse of U.S. natural gas prices this week elevated the oil-to-gas ratio to its highest since May 2012, which should prompt energy firms to drill for more oil and less gas.
Algeria's Sonatrach to supply Germany with pipeline gas for first time
Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach.
Japan spot LNG contract price for January not disclosed
The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.
- Digital Exclusive: The future of gas turbines in the green revolution
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- LNG retrofits surge as maritime industry seeks short-term carbon reduction solutions
- Kent secures integral role in engineering and execution of Wormington compressor station project
- IEEFA: Europe’s LNG imports decline 19% with gas demand at 11-yr low
