economics
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.
Asia spot LNG prices fall amid full inventories, warmer weather
Asian spot LNG prices fell this week as full inventories and warm weather helped mitigate concerns over new U.S. sanctions on Russia's Arctic LNG 2.
Spain's gas imports fell 8.3% in October as gas storage remains full
Spain's natural gas imports fell 8.3% in October compared to the same month a year earlier as the country's gas storage remains at full capacity.
Top LNG importer China re-selling more cargoes, eyes trading gains
China, the world's top importer of LNG, is increasingly re-selling some of the super-chilled fuel to other Asian buyers as it looks to profit from price swings.
U.S. working with allies over sanctions on Russian Arctic LNG project
The U.S. is working closely with partner countries over sanctions on a Russian LNG project in the Arctic as a January deadline looms on a wind-down of transactions with the plant.
Russia says it won't ditch plans to boost LNG output due to U.S. sanctions
Russia will not abandon its plans to increase LNG production to 100 MMty because of U.S. sanctions.
Electrical incident curtails LNG output at Chevron's Gorgon facility
An "electrical incident" last month has curtailed the output of LNG at Chevron's Gorgon facility in Western Australia.
Environmental group urges U.S. not to extend license for Tellurian Inc LNG plant
The Sierra Club environmental group urged the U.S. energy regulator to reject a request by LNG developer Tellurian Inc for a three-year extension to complete construction of its $25-B LNG export facility.
Mideast conflict dims prospect of more Egyptian LNG exports to Europe
The prospect of the EU receiving more LNG from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel.
Spain's gas imports fall 12.4% in September from same month a year ago
Spain's natural gas imports fell 12.4% in September compared to the same month a year earlier.
TC Energy beats third-quarter profit estimates on high LNG demand
Pipeline operator TC Energy on Wednesday beat third-quarter profit estimates, as it gained from higher demand for LNG.
BlackRock to invest $550 MM in Occidental's carbon capture project
BlackRock Inc, the world's biggest money manager, will invest $550 MM in Occidental Petroleum Corp’s direct air capture plant in West Texas, the two companies announced.
New Fortress sees first LNG from Mexico Altamira export plant by end Q4
U.S. energy company New Fortress Energy said on Wednesday it expects to produce first LNG at its Altamira export plant in Mexico by the end of the fourth quarter.
Regulators call for natural gas supply protections after 2022 winter power outages
U.S. energy regulators on Tuesday urged lawmakers to fill a regulatory blind spot to maintain reliable supply of natural gas during extreme cold weather that was highlighted by an inquiry into power outages during Winter Storm Elliott in December 2022.
Germany's winter gas storage full, ready for cold
Germany has completely filled its winter gas storage and could start withdrawing volumes this month if the weather turns cold.
Japan says to ensure U.S. sanctions on Russia LNG project won't harm supplies
Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake.
Regulators say loss of Everett LNG terminal threatens New England energy reliability
A possible loss of the Everett Marine LNG terminal can jeopardize the reliability of New England's energy supply during extreme cold weather.
Decarbonizing energy solution set for Saltend Chemicals Park, Humberside, UK
A pioneering decarbonizing energy plant generating clean gas for industrial use is set for deployment at Saltend Chemicals Park, Humberside
TES and Tokyo Gas partner to advance hard-to-decarbonize sectors with e-NG
Tree Energy Solutions and Tokyo Gas Co., Ltd. announce that they have signed an agreement to explore and develop e-NG supply chains globally as part of efforts to foster the global energy transition and the roll out of e-NG.
Sinopec signs new 27-year LNG supply deal with QatarEnergy
State-owned Chinese firm Sinopec signed a new 27-year LNG supply and purchase agreement with QatarEnergy.
Russia's LNG production seen at around 30 MMt in 2023
Russia's LNG production is seen at around 30 MMt in 2023.
New Fortress to charter FSRU for LNG import terminal in Brazil
LNG developer New Fortress Energy said it has signed a deal to charter a FSRU from Brazil's Petrobras starting in December.
Finland receives LNG cargo, books more for the winter
A tanker carrying LNG docked at Finland's Inkoo terminal and has begun unloading, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.
Asia spot LNG prices fall amid full inventories, mild weather
Asian spot LNG prices fell this week but remained at a near nine-month high as geopolitical risks raised market concerns despite full inventories and a mild start to winter.
The Russian Arctic LNG project targeted by U.S. sanctions
The U.S. has imposed sweeping new sanctions on Moscow over the conflict in Ukraine, including on the planned Arctic LNG-2 plant as it targets Russia's energy sector.
Second gas cargo heads to Finland's LNG terminal after pipeline rupture
A tanker carrying Norwegian LNG is set to arrive at Finland's Inkoo terminal overnight making it the second cargo since the Oct. 8 outage of a Finnish-Estonian gas pipeline.
Tellurian says on track to produce LNG in 2027, still looking for customers
U.S. energy company Tellurian Inc said it remains on target to produce the first LNG at its Driftwood export plant in Louisiana in 2027.
New Fortress Energy says considering an onshore LNG facility in Mexico
New Fortress Energy disclosed it is weighing a LNG export facility in Mexico that would be an onshore complement to its offshore project.
Israeli gas exports to Egypt resume but in small quantities
Israeli natural gas exports to Egypt have resumed after a disruption last weekend but in small volumes, an official in Egypt's petroleum ministry said, without specifying the current flow.
Israel lowers gas exports with Tamar field shut
Israel is exporting 70% less natural gas since it shut down its Tamar field, with the economic toll of the closure about $201 MM a month.
