economics
U.S. natgas prices jump 4% on colder forecasts, lower output
U.S. natural gas futures jumped about 4% on forecasts for colder weather and higher heating demand over the next two weeks than previously expected, and on a continued drop in U.S. output after gas prices collapsed to a 3-1/2-year low in February.
Venture Global LNG to buy fleet of vessels
Venture Global LNG said it would acquire a fleet of nine LNG transport vessels, expanding its ability to sell and ship its own cargoes.
LNG developer Tellurian to explore sale among other options, CEO steps down
Tellurian said it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the LNG developer's efforts to keep its Driftwood export project alive.
Germany's Stade LNG terminal to receive first vessel
Germany's LNG terminal in the Elbe river port of Stade expects its first floating regasification vessel to arrive, the state-appointed manager of regasification terminals said.
Germany builds up LNG import terminals
Germany's Elbe river LNG port at Stade expects its first floating regasification vessel to arrive, shortly after the first arrival of LNG at the Baltic Sea terminal of Mukran.
Venture Global LNG asks U.S. energy regulator to keep documents confidential
LNG exporter Venture Global LNG delivered to U.S. regulators a proposed protective order seeking to keep documents on the construction of a Louisiana export facility confidential.
U.S. natgas prices rise 8% on larger-than-expected storage withdrawal
U.S. natural gas futures rebounded from an early two-week low to gain about 8% after a weekly report showed a larger-than-expected storage withdrawal.
TC Energy to sell Prince Rupert pipeline project to Ksi Lisims LNG partners
TC Energy has agreed to sell its Prince Rupert natural gas pipeline project to two partners in Ksi Lisims LNG, a proposed Canadian export terminal.
bp in talks with Venezuela and Trinidad governments to develop gas field
bp Venezuela confirmed they are in talks with Trinidad and Tobago government to develop a shared offshore gas field in the Caribbean.
Technip Energies and GE Vernova drive UK's net-zero with gas power and carbon capture project
Technip Energies, leader of a consortium with GE Vernova, and construction partner, Balfour Beatty, received a Letter of Intent from bp, on behalf of NZT Power Limited for the execution phase of the Net Zero Teesside Power in the UK.
U.S. natural gas prices firm as investors await storage report
U.S. natural gas futures gained, having hit their lowest in more than two weeks earlier, as investors awaited a weekly storage report that is expected to show a much smaller-than-usual storage withdrawal on lower heating demand.
Europe gas prices set to fall amid high storage levels throughout 2024
Gas prices in Europe could fall as low as US$6.70 per MMbtu in the summer as the mild winter will see storage levels remain above 55% according to a new report by Wood Mackenzie.
Europe's record gas stocks amid mild winter raise energy security, policy questions
Europe is expected to end the winter with a record amount of gas in storage due to mild weather and increased wind generation, impacting energy prices and highlighting the importance of policy measures for future supply security.
Shell publishes Energy Transition Strategy 2024
Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021 and with this energy transition update, Shell is focusing on how the same strategy delivers “less emissions”.
Technip Energies, JGC, and NPCC got limited approval for ADNOC’s Ruwais LNG Project in the UAE
Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement and construction activities at the Ruwais low-carbon LNG project, located in Al Ruwais Industrial City, Abu Dhabi.
Israeli gas producer NewMed says ADNOC buy-in offer on hold
A $2-B offer by Abu Dhabi's national oil company and to buy a 50% stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region.
U.S. asks Venture Global LNG to justify filing of confidential documents
The Federal Energy Regulatory Commission asked LNG developer Venture Global LNG to explain the basis for its extensive filing of confidential documents in its Calcasieu Pass LNG export terminal.
JERA to conduct trial of co-firing ammonia at coal power plant from March to June
Japan's top power generator, JERA, plans to co-fire 20% of ammonia with coal at its Hekinan thermal power station, in what it said will be the world's first trial using a large amount of the gas at a major commercial plant.
Softer spot LNG prices see demand gain, contrast with contract pain
Lower spot prices for LNG in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China.
Ukraine starts checking LPG from EU, fearing Russian supply
Ukrainian energy customs have started inspections of imported LPG produced in the EU by blending components, fearing that some of them may have come from Russia.
EQT to buy Equitrans Midstream in bid to boost natural gas margins
Top U.S. natural gas producer EQT Corp said it agreed to buy Equitrans Midstream in an all-stock deal that values its former pipeline unit at about $14 B including debt, as companies look to navigate decade-low prices for the commodity.
Freeport LNG's feedgas usage falls again
Feedgas intake at the second largest U.S. LNG plant has fallen by almost half over the last week
NextDecade targets Train 4 final investment decision at Texas (U.S.) LNG facility in H2 2024
NextDecade said it was targeting a final investment decision and plans to start construction of the fourth liquefaction train at its Rio Grande LNG facility in Texas by the second half of 2024.
ADNOC issues early EPC award for Ruwais LNG Project
ADNOC announced that it has issued a Limited Notice to Proceed for early engineering, procurement and construction activities to a joint venture, led by Technip Energies, with JGC Corporation and National Petroleum Construction Company PJSC for its low-carbon LNG project in Al Ruwais Industrial City, Abu Dhabi.
Major European energy companies ask U.S. regulators to deny Venture Global LNG's permit extension
Top European energy companies asked U.S. regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana (U.S.) export plant.
Japan spot LNG contract price for February 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.
Shell's LNG, gas and power trading boss Hill to move on
Shell's head of LNG, natural gas and power trading Steve Hill is leaving the company.
Dominion Energy announces closing of sale of Ohio (U.S.) natural gas distribution company
Dominion Energy, Inc., announced closure of the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge Inc. for approximately $6.6 B, including assumed indebtedness and adjusted for customary closing items.
U.S. natgas prices drop 6% to one-week low on small storage withdrawal, mild weather
U.S. natural gas futures dropped about 6% to a one-week low on an expected much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.
EU energy regulator adds to pressure on Germany over gas tariff
European Union energy regulators added to growing pressure on Germany over Berlin's levy on cross-border gas trading, which some countries say puts the EU's energy solidarity at risk and hurts efforts to cut reliance on Russia.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
