economics
Brazil's Petrobras to invest $102 billion in next five years
Brazil's Petrobras will invest around $102 B within the 2024-2028 period, representing a major boost in expected investments by the state-run oil company.
Indian Oil to double Ennore LNG terminal's capacity to 10 MMtpy
Indian Oil Corp aims to double the capacity of its LNG import terminal at Ennore in southern India to 10 MMtpy.
Japan approves JERA plan to keep surplus LNG in winter
Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of LNG in the winter as a strategic reserve in case of supply disruptions.
Asia spot LNG holds steady as demand weak, inventories high
Asian spot LNG prices slipped slightly this week, as demand was weak and inventories remained high in both Northeast Asia and Europe.
BASF shares rise on report ADNOC exploring Wintershall Dea deal
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co is exploring an acquisition of the German group's energy business Wintershall Dea.
Spain's Endesa cuts profit, dividend outlook after LNG ruling
Spanish power utility Endesa cut its profit and dividend outlook to take into account the impact of a court order to pay $570 MM following a dispute over a long-term LNG supply contract with Qatar.
Germany builds up LNG import terminals
Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas, on which the European region relied heavily prior to Moscow's invasion of Ukraine last year.
Colombia's Ecopetrol analyzing possibility of importing natural gas from Venezuela
Colombia's state-owned oil company Ecopetrol is exploring an offer from Venezuela's PDVSA to supply the Andean country with gas from December 2024.
Nigeria and Germany sign $500 mln renewable energy and gas deal
Nigerian and German companies signed two accords in Berlin that include a $500-MM renewable energy pact and a gas export deal.
GAIL India issues swap tender for 24 LNG cargoes in 2025
GAIL Ltd has issued a swap tender offering 24 LNG cargoes loading out of the United States next year in exchange for 24 other cargoes for delivery to India in 2025.
Cedar LNG finalizes Heads of Agreement with Samsung Heavy Industries and Black & Veatch
The Haisla Nation and Pembina Pipeline Corporation, partners in the development of the proposed Cedar LNG Project, announced the signing of a heads of agreement with Samsung Heavy Industries and Black & Veatch.
Ukraine's Naftogaz finds 'promising' gas deposit in Carpathians
Ukraine's state-owned Naftogaz said its gas subsidiary had discovered a 'promising' new natural gas deposit in the west of the country.
Environmental groups urge funding halt for TotalEnergies' Mozambique LNG project
Banks and other financiers should withdraw their support of TotalEnergies' $20 B LNG terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders.
EU sues Poland over restrictions in cross-border trade of natural gas
The European Commission on Thursday said it is suing Poland over measures imposing additional costs in cross-border trade of natural gas.
Asia spot LNG prices steady amid high stocks, muted demand
Asian spot LNG prices were little changed this week, amid high inventory levels in east Asia which kept demand from the region muted.
Czech CEZ gives up on capacity at planned Polish LNG terminal
Majority state-owned Czech utility CEZ has shelved a plan to secure capacity for LNG at a new Polish terminal because it was unhappy with the conditions offered.
U.S. appeals court scraps Sempra's Port Arthur LNG emissions permit
A U.S. court has removed an emissions permit for Sempra's Port Arthur LNG export terminal in Texas, but the company said construction of the facility will continue for now.
Serbia signs gas supply deal with Azerbaijan
Serbia signed a deal with Azerbaijan to purchase 400 MMm3 of natural gas per year from 2024.
German gas trading hub to sell up to 37 TWh of gas from storage
Germany's gas market trading hub, Trading Hub Europe, is planning to start selling the first volumes of gas stored under a government mandate agreed in 2022, when it was tasked with ensuring sufficient supplies as flows from Russia dwindled.
U.S. denies Repsol's request for Venture Global LNG approvals
The U.S. Department of Energy rejected for a second time oil major Repsol SA's request to reopen regulators' approval of Venture Global LNG's Calcasieu Pass export plant in Louisiana.
North Dakota (U.S.) natgas output hits record high in September, flaring edges up
Natural gas production in North Dakota rose to a record 3.440 bcfd in September from an all-time high of 3.313 bcfd hit in August, while gas flaring also edged up.
Seaside LNG announces new LNG bunkering operation in Galveston, Texas (U.S.)
Seaside LNG and Carnival Corporation & plc have entered into a term bunkering agreement to fuel the first LNG propelled cruise ship to call Galveston, Texas its homeport, the Carnival Jubilee.
Snam to invest $1.1 B in Ravenna offshore LNG terminal
Italian gas grid operator Snam will invest a total of $1.1 B in a new LNG offshore terminal near Ravenna.
TotalEnergies CEO says gas market volatility to remain until new supply arrives
The Chief Executive of French energy giant TotalEnergies said that the LNG market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.
Egypt expected to resume LNG exports in December or January
Egypt is expected to resume exports of LNG in December or January as domestic demand declines during winter and as it receives more gas from Israel.
bp, Edison, Shell ask U.S., EU to intervene in Venture Global LNG dispute
bp, Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with LNG exporter Venture Global LNG over the U.S. firm's failure to deliver contract supplies of the fuel.
Uptick in LNG demand in Asia, Europe insufficient to drive prices
Rising demand for LNG in the top importing regions of Asia and Europe hasn't been enough to spark an increase in spot prices, which continue to languish.
BKV, EnLink start first carbon capture project in Texas (U.S.)
Energy firms BKV and Enlink Midstream said the first injection of carbon dioxide at a carbon capture and storage facility in Texas was completed ahead of schedule.
LNG export capacity from North America is likely to more than double through 2027
EIA expects North America’s LNG export capacity to expand to 24.3 Bcfd from 11.4 Bcfd today as Mexico and Canada place their first LNG export terminals into service and the United States adds to its existing LNG capacity.
Naturgy gets top Spanish court's nod to mothball gas plants
Spain's Supreme Court on Friday gave power utility Naturgy the green light to temporarily close five gas plants, more than half a decade after it first asked the country's authorities to do so.
