economics
Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
Sibur, the largest producer and exporter of LPG in Russia, redirected exports to Africa, the Middle East and Asia in the past three months.
U.S. oil & gas rig count falls for second week in a row
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row.
Air Products to build new nitrogen plants and extend pipeline network in Penang, Malaysia
Air Products announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park.
Shell sees stronger LNG volumes and oil product performance in Q1
Shell expects higher LNG output in the first quarter after outages at its Australian plants last year as well as stable earnings from LNG trading.
Dominion Energy, National Grid pursuing pipeline sales
U.S. utility firms Dominion Energy and National Grid Plc are separately considering a potential sale of parts of their natural gas pipeline networks.
Court suspends worker requisitioning at TotalEnergies Normandy refinery
An administrative tribunal in the northern French city of Rouen suspended a government requisition order at TotalEnergies' Normandy refinery that told striking workers to resume work.
Europe facing costly winter without enough long-term LNG deals
Europe has not made enough progress in locking in long-term contracts for LNG as an alternative to Russian pipeline supply, which may prove costly next winter as a rebound in Chinese demand could sharply tighten the market.
Tellurian to sell land for $1 B and lease back for Driftwood LNG project
U.S. LNG developer Tellurian Inc has entered into an agreement with an institutional investor to sell 800 acres of land in Louisiana for $1B.
India plans green hydrogen incentives of at least 10% of cost
India plans to give green hydrogen fuel producers incentives worth at least 10% of their costs under a $2-B scheme set to begin before the end of June.
U.S. natgas futures up 3% on daily output decline, rising LNG feedgas
U.S. natural gas futures rose about 3% on Wednesday on a decline in daily output and an increase in the amount of gas flowing to LNG export plants since Freeport LNG's export facility in Texas exited an eight-month outage in February and returned to full power over the past week.
Fluxys declares force majeure at Dunkirk LNG terminal
Fluxys has declared force majeure at the Dunkirk liquefied natural gas terminal it operates due to expected disruptions from Thursday morning to Friday morning.
U.S. natgas futures edge up 1% on record feedgas to LNG export plants
U.S. natural gas futures edged up about 1% on Tuesday as the amount of gas flowing to LNG export plants remains at record highs after Freeport LNG's facility in Texas exited an eight-month outage in February and returned to full power over the past week.
Germany's VNG sees Rostock port as potential hub for green gas business
VNG, an east German gas subsidiary of power utility EnBW, said it sees the Baltic Sea port of Rostock as a prime location for developing clean gas businesses, as it seeks to move away from fossil fuels in the long term.
Baghdad agrees to 30% stake in TotalEnergies $27 B Iraq energy project
Baghdad has reached an agreement to hold a 30% stake in TotalEnergies long-delayed $27 B Iraq project reviving a deal that Baghdad hopes could lure back foreign investment into the battered country which craves stability.
Baghdad, Erbil sign deal to restart northern oil exports
Iraq's federal government and the Kurdistan Regional Government signed a deal to restart northern oil exports through Turkey on Tuesday.
Technip Energies awarded a significant contract for the electric driven Xi’An LNG project in China
Technip Energies has been awarded a significant contract by Shaanxi LNG Reserves & Logistics Co. Ltd. for the 3 million normal cubic meters per day (Nm3/d). Xi'An LNG Emergency Reserve & Peak Regulation Project in China.
EU's Simson welcomes potential halt on Russian LNG imports
Proposals to stop Russian companies from sending liquefied natural gas to European Union nations were welcomed by EU Energy Commissioner Kadri Simson.
U.S. natural gas futures drop 4% on rising output, milder weather
U.S. natural gas futures dropped about 4% on Monday on rising output and forecasts for milder weather and less heating demand than previously expected, which should allow utilities to start injecting gas into stockpiles this week.
Philippines set to receive first-ever LNG cargo for power generation
The Philippines has bought its first-ever liquefied natural gas cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt power plant.
Capstone Industrial Training Solutions joins Solaris Management Consultants Inc.
Capstone Industrial Training Solutions is pleased to be joining Solaris Management Consultants Inc. and their group of companies to create a complete turnkey services partnership for the energy industry.
Chevron Lummus Global selected for Brazil's Petrobras Gaslub Hub
Chevron Lummus Global LLC announced a recent contract award from Petróleo Brasileiro S.A. for a new 12,580 bpd hydroisodewaxing unit at the GasLub Hub, a lubricant plant in Itaboraí, Rio de Janeiro state, Brazil.
Baker Hughes announces major LNG order from QatarEnergy for the North Field South Project
Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors for the North Field South project, which will be executed by Qatargas.
Vietnam needs $11.5-B to expand national fuel storage capacity by 2030
Vietnam would need investment of up to $11.51 B to expand its national fuel storage system by 2030 citing a draft plan prepared by the Ministry of Industry and Trade.
Finland's floating LNG terminal to receive first commercial cargo
Finland is set to receive the first commercial delivery of liquefied natural gas to the Inkoo floating terminal set up to replace Russian gas supply after the start of the war in Ukraine.
Gazprom's exports to Europe up 4% in March from Feb
Gazprom's gas supplies to Europe were up 4% on a daily basis in March compared to February based on shipment data from Gazprom's daily transit volumes sent through Turkey and Ukraine.
Asia spot prices maintain downtrend on tepid demand
Asian spot liquefied natural gas this week hit its lowest since early July 2021 as weak demand and solid inventories in northeast Asia continued to pressure prices, while Europe prepared to exit winter with record inventories.
Barcelona to Italy LNG exports rose 17-fold in 2022 amid Ukraine war impact
Seaborne exports of liquefied natural gas from Barcelona to Italy rose 17-fold in 2022 from the prior year, while shipments in the first two months of 2023 alone accounted for 45% of last year's traffic.
India keeps domestic gas prices on hold for now
India will provisionally keep the price of locally produced gas from old fields at $8.57 per mmBtu
What is the Iraq-Turkey oil pipeline dispute and who's on the hook?
An international arbitration ruling prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.
China’s LNG imports to show small rebound in 2023
China’s liquefied natural gas imports fell sharply in 2022 because of the disruption caused by lockdowns to control the coronavirus epidemic and the massive exit wave of infections when they were lifted.
