economics
Nigerians turn to gas to power their generators as petrol prices soar
Nigerians modify their home power generators to run on LPG rather than gasoline.
Shell expects Venture Global LNG sale agreement to be honored
Top LNG trader Shell expects its sale agreement with Venture Global LNG to be honored and does not see this happening at the moment.
Varo Energy secures $3.3 B in boost to biogas goals
Refiner and trader Varo Energy secured $3.33 B in its latest financing round, which will help to fund its sustainable energy projects, including its purchase of a stake in northern Europe’s biggest biogas facility.
Italy's Saipem sees progress towards resuming Mozambique LNG project
Italian energy services group Saipem said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.
Gas producer Wintershall Dea CEO says exiting Russia gets harder by the day
Wintershall Dea's exit from Russia, announced in January, is proving increasingly difficult in an unpredictable business and political environment, Mario Mehren, chief executive of the oil and gas producer said.
Maryland Cove Point LNG feedgas drops after Virginia natgas pipe fire
The shutdown of part of Canadian energy company TC Energy's Columbia Gas Transmission Pipeline in Virginia after a fire has reduced the amount of gas flowing to the Cove Point liquefied natural gas export plant in Maryland, the plant told customers.
EQT in deal with Energy Transfer for Lake Charles LNG export plant
EQT, the biggest U.S. natural gas producer, entered into an liquefied natural gas agreement with U.S. energy firm Energy Transfer's proposed Lake Charles liquefied natural gas export plant in Louisiana.
China policy reform to end losses for city-gas firms on household sales
Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after years of selling piped gas to households at a loss, according to utility officials and analysts.
Europe gas supply looking good this winter, Equinor CEO says
Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves.
Naturgy's profit rises on LNG gains, soothing shareholders
Spanish power utility Naturgy reported an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas business, which could help it to win over restive investors.
Asia, Mideast buyers looking at Indonesia's Tuna gas project
Three to five potential investors from the Middle East and Asia have started assessing the Tuna natural gas project in a possible sale of Russian explorer Zarubezhneft's stake, Indonesia's upstream regulator said.
Eni takes over Chevron's stake in Indonesia deepwater gas project
Eni signed a deal to take over U.S. oil giant Chevron's stake in the Indonesia Deepwater Development gas project, bolstering the Italian company's position in the southeast Asian oil and gas producer.
Indonesia's big gas projects to proceed after global majors sell stakes
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
U.S. natural gas prices steady as rising output offsets hot weather forecasts
U.S. natural gas futures held steady as rising output and forecasts for less demand next week offset forecasts for higher demand this week with the weather expected to remain hotter than normal through early August, especially in Texas.
TC Energy sells 40% stake in Columbia Gas Transmission pipelines to GIP for $4 B
Canada's TC Energy, best known for its Keystone oil pipeline, will divest a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for $3.95 B to Global Infrastructure Partners.
Venezuela expects to sign gas licenses by year-end
Venezuela expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said, even amid U.S. sanctions.
Spain activates all its gas plants to cope with heatwave
Spain had to resort to all available gas plants to cope with growing electricity demand triggered by the scorching temperatures in recent days.
Russia's Putin approves departure of Arctic LNG 2's first line to production site
Russian President Vladimir Putin approved Arctic LNG 2's first line departure via the Northern Sea Route from the Murmansk region to its future production site on the Gydan peninsula, the Kremlin said.
Cheniere Energy's Sabine Pass LNG plant returns to normal
Cheniere Energy Inc's Sabine Pass LNG export facility returned to normal processing levels following an outage at one of its units.
Argentina turns away Gunvor-chartered LNG tanker, citing sanctions
A tanker containing liquefied natural gas that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa.
Novatek set to oust Gazprom as Russia's top gas supplier to Europe
Increased supplies of liquefied natural gas from Russia's Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country's leading fuel supplier to Europe.
German town opposed to LNG terminals asks for operator's finances to be checked
The German resort town of Binz has asked anti-money laundering authorities to investigate the capital of Deutsche ReGas, operator of a planned liquefied natural gas terminal which the town opposes on environmental grounds.
U.S. natural gas prices ease on forecasts for less demand next week
U.S. natural gas futures eased about 1% on forecasts for less demand next week than previously expected.
Wary of 2022 crisis, Asian buyers to build strategic gas reserves
Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year's energy crisis that sent global prices soaring to a record.
Sinopec natural gas output rises in H1, petrochemicals output lags
Chinese state-owned energy giant Sinopec's natural gas production in the first half of 2023 rose 7.6% from a year before to 666.1 billion cubic feet.
Egypt aims to resume gas exports by October
Egypt is targeting a resumption of liquefied natural gas exports by October at the start of autumn.
Fluor reaches significant milestone on LNG Canada Project
With the arrival of the last module by ship from its fabrication yard in Zhuhai, China, Fluor Corporation announced today that it has completed the module fabrication program on the LNG Canada project in Kitimat, British Columbia, Canada.
Bangladesh in talks with Malaysian firm for LNG supply
Bangladesh is in talks with a Malaysian firm to secure more supplies of liquefied natural gas, industry sources said, as the South Asian country looks to meet demand for power.
UAE'S ADNOC Gas agrees to $7-$9 B 14-year LNG agreement with Indian Oil Corp
Abu Dhabi's ADNOC Gas announced a 14-year $7-$9-B deal with Indian Oil Corp to supply 1.2 million metric tons of liquefied natural gas per year, ADNOC said in a statement.
Cheniere Energy eyes new gas pipeline to feed LNG expansion
Cheniere Energy Inc, the largest U.S. liquefied natural gas exporter, says it may build a new pipeline to link its Louisiana expansion project to other pipelines in major shale-gas producing regions as it seeks to diversify its risk.
- 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
