economics
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.
U.S. grants license amendment to Trinidad for joint gas project with Venezuela
The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela.
Shell calls Energy Transfer reliable, supports LNG license application
Shell PLC has submitted a letter to the U.S. Energy Department in support of Energy Transfer's request for a new license to export LNG to countries without free trade agreements with the U.S., saying the pipeline operator is a reliable gas supplier.
Russian gas supplies to China may soon match exports to West Europe
Russian pipeline gas supplies to China may soon match volumes sent to Western Europe.
Abu Dhabi's ADNOC Gas signs 2-yr LNG supply deal with Japan's JERA
Abu Dhabi's ADNOC Gas and Japan's JERA Global Markets signed a LNG agreement valued between $500-700 MM.
Work on Europe's largest carbon capture site to start in Rotterdam next year
Construction of Europe's largest carbon capture and storage facility will begin in the Rotterdam port area next year.
Chevron and LNG workers in Australia agree on deal
Chevron Australia and employees at its two LNG plants in Australia reached an agreement on pay and conditions, ending an impasse that had led workers to threaten renewed strikes later this week.
Some of lost European gas demand may be gone for good
The chief executive of Vitol, the world's top independent energy trader, said that some of the lost demand for gas in Europe following a recent spike in prices may be gone for good.
Saudi Aramco looking at additional investments in LNG
The chief executive of Saudi Arabia's oil group Aramco, Amin Nasser, said his company is looking at more investments in LNG to boost its plans to become a leading player in the seaborne gas market.
Marathon Oil signs deal with Glencore for Alba gas in Equatorial Guinea
Marathon Oil said it has entered into a five-year LNG sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market.
Italy's Eni, Britain agree to rules for carbon capture project
Italy's Eni said it had reached an agreement with Britain's government on the key terms and conditions for providing services in one of the carbon capture and storage projects under development in the country.
Russia-China oil and gas cooperation in focus as Putin visits Xi
Beijing has rejected Western criticism of its growing partnership with Moscow in light of Russia's conflict in Ukraine and it insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses.
Chevron LNG workers in Australia reaffirm strike plans
Workers at Chevron's two LNG plants in Australia reaffirmed their plan to resume strikes as mediated talks continue, with the U.S. energy major saying that workers were being unreasonable.
Trinidad to sign Atlantic LNG restructuring agreement next month
An agreement to restructure Trinidad and Tobago's flagship LNG project will be signed by its owners in London next month.
Venture Global receives approval for LNG plant steam generator modifications
The U.S. Federal Energy Regulatory Commission granted LNG company Venture Global LNG to proceed with the heat recovery steam generator modifications at the Calcasieu Pass LNG export plant in Louisiana.
Asia spot LNG prices rise as geopolitical tensions fuel supply woes
Asian spot LNG prices climbed $1 this week despite muted demand, tracking European gas prices, on concerns over tensions in the Middle East and damage to the Balticconnector gas pipeline linking Estonia and Finland.
U.S. awards $7 B to seven U.S. hydrogen hubs
The Biden administration is expected to announce the winners of $7 B in federal grants to build out regional hydrogen hubs.
Finland's new LNG terminals can compensate for Balticconnector pipeline loss
Two new terminals for importing LNG to Finland have enough capacity to cover peak winter demand, making up for supply lost via the damaged Balticconnector pipeline.
How does Norway export its natural gas?
Norway is Europe's largest gas exporter, exporting more than 120 bcm of gas in 2022 via a network of subsea pipelines to consumers, such as Britain and Germany. In addition, it ships LNG.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
