Regions
Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada's CDPQ
Engie Brasil said it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec for $641 MM.
Spain's gas demand falls for second year, down 11% as renewables hit record
Spain's consumption of natural gas dropped for the second year in a row in 2023, falling almost 11% as the country used more renewable sources to produce electricity.
LNG developer Tellurian hires financial adviser
LNG developer Tellurian said it has hired a financial adviser to assist in balance sheet management.
Asia spot LNG price remains at 4-month low, falls 58% in 2023
Asian spot LNG prices remained at their lowest level in over 4 mos this week on strong inventories, mild weather and weak demand which are all bearish factors that are seen continuing into 2024.
Chatterjee Fund Management boosts stake in LNG developer Tellurian to 7.3%
Chatterjee Fund Management has increased its stake in U.S. LNG developer Tellurian to 7.3%, up from 5.2% previously.
Shell resumes LNG loadings from Prelude facility in Australia
Shell said it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.
US natgas prices trade below 3-wk peak ahead of storage report
U.S. natural gas futures traded below the previous session's 3-wk high as investors awaited a weekly storage report due later in the day.
NextDecade files to allow TotalEnergies to exit LNG stake
NextDecade has filed for a shelf registration that would allow TotalEnergies to sell its 17.5% stake in the U.S. LNG company over time.
Williams to buy natural gas storage assets for $1.95 B
Pipeline operator Williams said it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 B.
TotalEnergies to restart its delayed Mozambique LNG project in early 2024
French energy firm TotalEnergies plans to restart its long-delayed $20-B Mozambique LNG project in the first quarter of next year.
First output from Venezuela's Dragon gas field expected in 2 years
A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made.
Samsung Heavy says it has stopped making blocks for Russian shipyard's LNG carriers
Samsung Heavy Industries said it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.
Japan's Mitsui to pull employees out of Russia's Arctic LNG 2
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 LNG project in yet another blow for the project.
China seeks exemption from U.S. sanctions on Russian LNG plant
China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on Russia's Arctic LNG 2 export plant.
US unveils clean hydrogen plan, nuclear power role uncertain
The U.S. proposed rules for how energy companies can access billions of dollars in tax credits for producing low-carbon hydrogen using new clean energy sources but left thorny issues, such as how nuclear power could benefit, uncertain.
Asia LNG prices hit 4-mos low despite supply, geopolitical concerns
Asian spot LNG prices hit their lowest level in over 4 mos this week on strong inventories and weak demand despite supply concerns as more tankers avoid the Red Sea, following attacks launched by Yemen's Houthi group on commercial ships.
Woodside Energy to supply LNG to Pilbara Minerals unit
Woodside Energy said it had signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic LNG from its Pluto Truck Loading Facility in Western Australia.
Consumers Energy continues natural gas investment to reduce long-term costs for customers
Consumers Energy is continuing its $1 B/yr investment in the company’s natural gas delivery system as part of its Natural Gas Delivery Plan, resulting in miles of aging and outdated pipeline replaced every year.
Texas (U.S.) grid over relies on natural gas to restore power after blackouts
The Texas electric grid is too dependent on natural gas-fired backup power generators after blackouts, U.S. regulators found in a study that also called for gas suppliers and electric utilities to sync their plans to recover from outages.
Mexico emitted 'extreme' amounts of methane from gas pipeline, scientists find
Mexico emitted "extreme" amounts of methane from a natural gas pipeline running through its northern border state Durango in 2019, a research paper published on Tuesday showed, citing data collected from satellites.
Global LNG markets seen 'finely balanced' in 2024 as demand under control
New LNG projects coming online this year and high stocks in Europe and North Asia in early 2024 capping demand are seen curbing spot price growth for the next six months as analysts forecast a "finely balanced" market.
Some LNG vessels avoid passing Yemen after Red Sea attacks increase
Several LNG vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.
EU to extend emergency gas price cap for another year
The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a safeguard against possible energy price shocks, after energy ministers backed the plan.
COP29 climate summit host Azerbaijan touts country's gas potential
After winning a fraught bid to host next year's United Nations climate talks in Baku, a senior Azerbaijani official promoted the country's gas reserves in aiding the global the energy transition.
Germany's Sefe, Norway's Equinor strike $55-B gas supply deal
German energy firm Sefe secured a $55-B gas deal with Norway's Equinor that will cover one-third of the industrial gas needs of Europe's largest economy.
Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 B
A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 B to expand its overseas business.
QatarEnergy CEO says new LNG supply deals 'imminent'
QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several "imminent".
Vietnam awards license to Tokyo Gas, partners to build $2-B LNG power plant
Vietnam awarded an investment license to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a $1.99-B LNG-fired power plant in its northern province of Thai Binh.
Elon Musk says oil and gas should not be demonized
Oil and gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, but he also said it was important to reduce carbon emissions to preserve the planet.
Germany's SEFE seeks US approval for Venture Global's CP2 LNG project
The German state-owned Securing Energy for Europe GmbH has become the third company to seek approval from the U.S. energy regulator for LNG developer Venture Global to begin construction on its CP2 LNG project in Louisiana.
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
