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Targa Resources Corp. to acquire Permian Basin gathering and processing system for $1.25 billion
$1.25 billion purchase price represents ~6 times 2026 estimated unlevered adjusted free cash flow Underpinned by long-term acreage dedications of ~170,000 acres and attractive fee-based contracts Stable volume profile with significant additional economic drilling opportunities Further enhances ..
Harvest Midstream acquires Kenai LNG in Alaska (U.S.), plans import terminal
Harvest Midstream (Harvest) announced it has closed the acquisition of the Kenai LNG facility in Nikiski, Alaska, advancing its February 2025 plan to redevelop existing LNG infrastructure to strengthen Southcentral Alaska's energy security and provide reliable, market-responsive energy solutions for..
Nikkiso to provide state-of-the-art pumps to major European EPC for FSRU conversions
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced today it has secured a significant contract to provide 12 bespoke cryogenic submerged pumps to be installed on three LNG carriers which are being converted into floating storage and regasification units (FSRUs). ..
INEOS strikes major U.S. gas deal to help keep the lights on in Europe
New supply agreement with Kinetik will deliver enough gas to heat over 500,000 homes a year helping cut costs and strengthen energy security for Europe. The deal strengthens Europe’s energy resilience by linking U.S. natural gas supply to European markets. Builds on INEOS Energy’s growing global..
Natural gas to overtake coal as Malaysia's main source of power by 2032
Malaysia will generate more electricity from natural gas than coal by 2032 as the country ramps up its gas-fired power capacity, the chief executive of state-run utility Tenaga Nasional Bhd (TNB) said. With demand from power-hungry data centers expected to stabilize, total electricity use is likely..
TotalEnergies will supply 200,000 tpy of LNG to HD Hyundai Chemical until 2033
In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this agreement, with prices indexe..
Iraq fails to win U.S. approval to import Turkmen gas via Iran
Iraq's attempt to ease its chronic power shortage with gas from Turkmenistan routed through neighboring Iran has failed under U.S. pressure, leaving Baghdad scrambling for alternatives to keep the lights on.
Asian spot prices stable amid muted demand, strong supply
Asian spot liquefied natural gas prices remained flat this week on high storage inventories and continued muted demand.
Standard Charter delivers $15-B financing for Venture Global's CP2 LNG project
Standard Charter has delivered $15.1 B financing for Venture Global's Phase 1 of the CP2 LNG project in Cameron Parish, Louisiana (U.S.). The 20-MMtpy facility will be comprised of thirty six 0.626 MMtpy liquefaction trains, configured in 18 blocks. CP2 LNG's project will also consist of four 200,00..
China takes fourth cargo from sanctioned Arctic LNG 2 project
A fourth tanker carrying LNG from Russia's sanctioned Arctic LNG 2 project discharged its cargo at a Chinese port on September 14
Emerson unveils new safety controller for emergency shutdown systems
Emerson has announced the new PACSystems RX3i CPS400 safety controller, designed to enable Safety Integrity Level 2 (SIL2) strategies for infrastructure, fire and gas, burner management systems, and other emergency shutdown systems.
Hanwha Power Systems receives AiP from ABS for ammonia fuel gas turbine conversion design on LNG carriers
Hanwha Power Systems has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for the ammonia fuel gas turbine conversion design aimed at 174K LNG carriers.
Italy plans two LNG units to help Sardinia phase out coal
Italy plans to send two new units for the regasification of liquefied natural gas (LNG) to Sardinia to help the island phase out coal.
Gazprom's Ust-Luga gas complex is 63% complete
A gas processing plant forming part of the ethane-containing gas processing complex (ECGPC) near Ust-Luga is now 63% ready, Gazprom CEO Alexei Miller said.
The value of experience—Why expertise matters in compressor overhauls and revamps
Companies that prioritize working with experienced providers can avoid costly disruptions, improve the reliability of their assets and extend the life of key equipment, ultimately improving the long-term success of their operations.
After 30 years, I am still betting on solid-rotor motors for critical high-speed applications
Solid-rotor technology can be considered to have quietly faded into obscurity—the reality is quite the opposite. Its best days may still lie ahead, especially for demanding high-speed industrial processes. The 'underdog' motor. When I first jumped into the world of power electronics and motor tec..
Asian demand for U.S. LNG unshaken by China-Russia pipeline plans, says Venture Global CEO
China-Russia gas deals won't impact Asia demand for US LNG Venture Global does not see price compression due to oversupply LNG deals signed before and after arbitration cases "are all the same" -CEO Recent gas agreements between China and Russia are unlikely to weaken Asian demand for U.S..
Edison to buy U.S. LNG from Shell in 15-year deal starting 2028
Italy's energy company Edison signed an agreement with Shell to purchase liquefied natural gas (LNG) from the U.S., expanding its long-term portfolio. The Italian subsidiary of France's EDF will receive around700,000 tpy starting in 2028 and continuing for up to 15 years, it said in a statement...
TotalEnergies to supply 1 MMtpy of LNG to KOGAS (South Korea)
TotalEnergies and KOGAS, South Korea’s national natural gas company, announced the signing of a Heads of Agreement (HoA) for the annual delivery in South Korea of 1 million tons (Mt) of LNG per year over a 10-year period starting from the end of 2027. Awarded to TotalEnergies by KOGAS following an ..
German gas operator to utilize Oxford Flow's IM-S gas regulators
Oxford Flow has announced its first IM-S deployment on mainland Europe. German gas distribution system operator (DSO) EWE-Netz has installed six IMS050S gas regulators with PRX2 pilots, selecting the technology following a competitive evaluation against leading European suppliers. The IM-S gas regu..
TotalEnergies takes 10% stake in Rio Grande LNG Train 4 (U.S.)
TotalEnergies has signed agreements with NextDecade to take a 10% stake in the joint venture developing Train 4 of Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) plant project located in South Texas. In addition to the 10% held directly, TotalEnergies will hold indirectly next to 7% in this T..
John Crane unveils next-generation seal to maintain integrity of ethane/ethylene pipeline performance
John Crane has launched the Type 8628VL, a next generation mechanical seal engineered to solve the oil and gas industry's toughest challenges: maintaining sealing integrity in multiphase ethane and ethylene pipelines.
Clariant to supply catalyst to SYPOX for world’s largest electric steam methane reformer
Clariant’s Custom Catalyst Manufacturing delivers optimized catalysts, reducing emissions by up to 40% World’s largest electric steam methane reformer (e-SMR) is planned to produce 150 tons of syngas daily using 10 megawatts (MW) of renewable electricity Commercial operation scheduled for 2026, ..
Japan hires Wood Mackenzie to assess U.S.-backed Alaska LNG project
Japan has hired energy consultancy Wood Mackenzie to assess a proposed 800-mile Alaska gas pipeline and LNG plant in a sign it is weighing support for the $44-B project touted by U.S. President Donald Trump.
Freeport LNG plant in Texas (U.S.) on track to take in more natural gas after outage
Freeport LNG's export plant in Texas was on track to take in more natural gas on Monday in a sign that a liquefaction train that shut on Saturday was likely back in service
Italy, U.S. agree to boost LNG ties and infrastructure investment
Italy and the U.S. vowed to deepen energy ties including through increased exports to Italy of LNG, as Europe continues to seek alternatives to Russian energy supplies following Moscow's invasion of Ukraine.
ADNOC Gas to join FTSE Emerging Index, unlocking over $250 MM in fund investment
ADNOC Gas plc and its subsidiaries announced that its shares have been selected for inclusion in the FTSE Emerging Index - part of the FTSE Russell Global Equity Index Series (GEIS) - with inclusion effective when markets open on September 22, 2025.
EU sticks to planned Russian oil and gas exit by 2028
EU pledged to buy more US energy as part of trade deal Hungary and Slovakia oppose ending Russian imports Russia's oil and gas revenues have helped to fund Ukraine war The European Union (EU) is sticking to its plans to phase out Russian oil by 2028, the bloc's energy chief said, adding t..
Japan explores Alaskan LNG purchases as part of $7-B energy deal with U.S.
Japan has confirmed its commitment to an annual $7 B worth of energy purchases from the U.S. while exploring their new Alaskan LNG offtake agreement, a joint statement on the bilateral trade deal showed.
Monkey Island LNG selects ConocoPhillips’ Optimized Cascade process technology for $25-B LNG terminal
Monkey Island LNG today announced that it has selected ConocoPhillips’ Optimized Cascade® Process liquefaction technology for its planned 26-MMtpy natural gas liquefaction and export facility in Cameron Parish, Louisiana.
- 236-mile Texas-to-Gulf pipeline reaches FID in $2.3-B LNG expansion push
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Bechtel shares findings of tragic accident at Port Arthur LNG facility
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
