economics
Edison sees investment decision on EastMed gas pipeline by year-end
Energy group Edison plans to take the final investment decision on a proposed pipeline to deliver east Mediterranean gas to European markets by the end of this year
Adani Group engaging with financial institutions over Gujarat petchem project
India's Adani Group said, on Monday, its engagement with financial institutions over a petrochemical project at Mundra in the western state of Gujarat was still ongoing.
China's energy investments in Russia
Chinese state energy giants have made a number of multi-billion-dollar investments in Russia, one of China's top oil and gas suppliers, across various stages of the energy supply chain.
PCS Software improves shipment routing and service for Sapphire Gas Solutions
PCS Software, the leading all-in-one, artificial intelligence transportation management platform for shippers, carriers, and brokers, announced that Sapphire Gas Solutions has gone live with PCS’s Shipper Transportation Management System Platform.
LNG activities resume at Dunkirk terminal in France
Disruption at Fluxys's LNG terminal in Dunkirk, northern France, ended on Friday morning.
Asian spot prices stay flat at 20-month low and held by buying interest
Asian spot prices of LNG stayed flat this week, breaking a losing streak of declines since mid-December, as buying interest kept prices from sliding further.
Canada's B.C. province sets high emissions bar for new LNG projects
British Columbia's decision this week to toughen emissions standards for new LNG projects creates one of the most robust climate plans in North America.
China LNG buyers return to spot market, but coal to keep demand capped
Chinese liquefied natural gas LNG buyers have resumed spot purchases, drawn by easing prices and recovering domestic demand, potentially increasing competition with Europe for supplies.
Study sees potential for huge North Sea hydrogen pipelines
The study, commissioned by German gas pipeline operator Gascade, says that up to 300 terawatt hours (TWh) a year of clean hydrogen made from North Sea offshore wind power could be transported by the grid.
Australia's LNG exports may have to be diverted to fend off winter gas shortage
Australia's east coast liquefied natural gas (LNG) exporters may need to divert excess gas supply for domestic customers to stave off any potential supply shortages this winter in the country's south
GET Baltic Gas Exchange to become part of EEX group
The European Energy Exchange (EEX) on Thursday said its acquisition of 66% of the shares of smaller sector peer GET Baltic was approved by GET's owner, Amber Grid, paving the way for EEX to extend its eastwards reach.
H-TEC SYSTEMS to deliver electrolyzer for Norwegian-Danish cooperation for green production of liquid biogas
H-TEC SYSTEMS delivers PEM electrolyzers to Norwegian-Danish joint venture. Innovative cooperation in wind power, electrolysis and liquid biogas (LBG) between Norwegian Hydrogen and energy entrepreneur Jens Peter Lunden
TotalEnergies launches integrated engineering studies
TotalEnergies, operator of the project, announces the launch of the fully integrated Front-End Engineering and Design for the Papua LNG project.
Golar closes acquisition of New Fortress Energy stake in FLNG Hilli
The agreement to acquire New Fortress Energy Inc.’s interest in FLNG Hilli has closed.
Cedar LNG receives B.C. environmental approval and signs memorandum of understanding with ARC Resources Ltd.
The Haisla Nation and Pembina Pipeline Corporation are pleased to announce that Cedar LNG today has received its Environmental Assessment Certificate from the B.C. Environmental Assessment Office and has signed a Memorandum of Understanding with ARC Resources Ltd. for a long-term liquefaction services agreement.
Wave of new LNG export plants threatens to knock gas prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.
U.S. natural gas consumption sets 9 month record and an annual record in 2022
In 2022, US natural gas consumption averaged a record 88.5 billion cubic feet per day (Bft3d)—the highest annual natural gas consumption, according to records beginning in 1949.
Driven by petrochemical capacity builds, U.S. ethane increased 9% in 2022
In 2022, U.S. ethane demand increased by approximately 9%, or almost 0.2 MMbpd, according to the U.S. EIA's Petroleum Supply Monthly.
US nat gas futures ease 1% to 2-wk less cold forecasts
U.S. natural gas futures slid about 1% to a two-week low on Friday on forecasts for less cold weather and lower heating demand over the next two weeks than previously expected.
LNG to lead U.S. natural gas exports
Exports of LNG will continue to drive growth in U.S. natural gas exports over the next two years, according to the U.S. EIA.
Natural gas essential to the energy transition says Australian PM
New gas projects will play a role in the energy transition, Australian Prime Minister Anthony Albanese said, as his administration seeks to pass a reform to an emissions reduction bill amid growing pressure to ban new fossil fuel projects.
Novatek needs to find more natural gas for LNG plans
Russian Deputy Prime Minister Alexander Novak said on Tuesday the country needed to identify the resource base for about a third of its planned annual production of 100 MMt of liquefied natural gas (LNG) per year.
Braskem Idesa and Advario partner to build a new, $400-MM ethane export terminal in Mexico
Braskem Idesa and Advario partner to build a new, $400-MM ethane export terminal in Mexico
Tellurian chairman's shares sold to cover loan
U.S. LNG developer Tellurian said over $25.3 MM worth of its shares belonging to Executive Chairman Charif Souki were transferred and sold over the last month to cover a loan, securities filings showed.
Asian spot LNG prices continue to decrease
Asian spot LNG prices continued their downtrend this week, hitting the lowest level since July 2021, due to tepid demand which is expected to last until the end of March.
Germany LNG import bill to eclipse $10 B
Germany said that new infrastructure for floating LNG terminals will exceed previously expected costs, forewarning taxpayers that there will be a price to pay for energy security.
U.S. nat gas futures rose 3% on more feedstocks flowing to LNG terminals and increased heating demand
U.S. natural gas futures rose about 3% to a five-week high on Friday, with the amount of gas flowing to U.S. LNG export plants set to hit a daily record high and on forecasts for colder weather and higher heating demand in two weeks than previously expected.
India's NSE receives regulatory okay for natural gas futures
India's National Stock Exchange (NSE) said that the country's market regulator has approved the launch of rupee-denominated NYMEX crude oil and natural gas futures contracts in its commodity derivatives segment.
Enbridge to invest $2.4 B in natural gas and renewable power in 2023
Enbridge will invest $2.42 billion in natural gas and liquids infrastructure and in renewable power this year.
CAPP forecasts upstream oil/gas production to reach nearly $30 B in 2023
The Canadian Association of Petroleum Producers (CAPP) said it expects oil and natural gas investment in upstream production will reach C$40 B ($29.4 B) in 2023, surpassing pre-COVID levels.
- 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
