Regions
Asia spot LNG prices hit 7-month high on rising demand, Europe supply worries
Asian spot LNG prices rose for a third week, gaining $1 to a seven-month high, amid increased demand in Asia and supply concerns in Europe.
Czech government approves deal for Net4Gas purchase
The Czech government approved a plan for state-controlled electricity transmission grid operator CEPS to acquire natural gas transmission system operator Net4Gas.
Saudi Aramco enters the global LNG industry
Saudi Arabia's oil group Aramco said it had agreed to acquire a strategic minority stake in LNG company MidOcean Energy for $500 MM, with an option to increase the size of the shareholding.
Ukraine's Naftogaz starts gas production at five new wells
Ukrainian state-owned oil and gas firm Naftogaz, aiming to cover the country's needs with domestic production, has brought five new gas wells into operation.
Turkey to begin supplying Moldova with natural gas from October
Turkey will start supplying Moldova with 2 bcm of natural gas per day from October, state-owned Anadolu news agency said, in the second such agreement announced by Ankara in as many days.
Cheniere Energy cuts intake at 2 US LNG plants by 1 Bft3d
The largest U.S. LNG producer, Cheniere Energy, reduced its combined feed gas intake at two of its plants by about 1 Bft3d, according to data provider LSEG.
Técnicas Reunidas and Sinopec Engineering Group sign a Strategic Alliance Cooperation Agreement
Técnicas Reunidas, S.A. and Sinopec Engineering Group Co. Ltd. have signed in Beijing a Strategic Alliance Cooperation Agreement for the joint execution of Refining, Petrochemicals, Natural Gas and Transition Projects worldwide.
Pakistan receives first shipment of Russian LPG, Russian embassy says
Pakistan has received its first shipment of LPG from Russia, Moscow's embassy in Islamabad said, marking Islamabad's second major Russian energy purchase.
Turkey's BOTAS to begin gas exports to Romania
Turkey's state gas grid operator BOTAS signed a deal to supply up to 1.5 bcm of natural gas to Romania's OMV Petrom as Ankara expands its gas export reach.
Italy in talks with Bavaria on gas and hydrogen exports, eyes eastern Europe
Italy is in preliminary talks with Bavaria's government to supply gas and hydrogen to the southern German state, and also aims to sell energy to Austria and Hungary.
Natural gas prices edge lower as Norwegian supply increases
Dutch and British wholesale gas prices fell morning as the end of maintenance at some Norwegian gas infrastructure boosted supply and as high gas storage levels weighed on the market.
Norway's Equinor signs 5-year gas supply deal with Austria's OMV
Norwegian energy group Equinor has signed a five-year agreement to supply gas to Austria's OMV as part of the latter's supply diversification strategy.
Japan's industry ministry sees LNG stocks recovering towards winter
LNG stocks held by Japan's major electricity utilities will likely increase towards the peak winter demand season, the industry ministry said, after stocks fell to their lowest since early 2021.
QatarEnergy, Korea's HHI sign $3.9-B deal for 17 LNG carriers
QatarEnergy said it had signed a $3.90-B deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.
U.S. natgas futures steady on healthy demand, lower supply
U.S. natural gas futures steadied and consolidated gains from the previous session, buoyed by healthy demand and slightly lower output projections, even as the market transitions into the shoulder period for gas demand.
Gazprom to send 42.4 Mm3 of gas to Europe via Ukraine
Russia's Gazprom said it would send 42.4 Mm3 of gas to Europe via Ukraine, compared to 41.8 Mm3 that was previously stated.
Wholesale gas prices correct downwards after previous rise on Norway outages
Dutch and British wholesale gas prices declined morning after rising the previous day on extensions to Noregian outages.
France wants to replace gas, fuel heaters with heat pumps
France wants to replace residential fuel and gas heaters with heat pumps and create an industry to make the device in a bid to reduce greenhouse gas emissions.
Worley awarded FEED for QatarEnergy LNG’s largest CO2 sequestration project
Worley has been selected to develop the Front-End Engineering Design for QatarEnergy LNG’s CO2 sequestration project in Ras Laffan, Qatar.
Russia slashes forecast for natural gas export price for 2024-2026
The Russian government cut its price forecast for its natural gas exports outside the former Soviet Union for 2024-26, according to figures presented by the economy ministry.
Ukraine's natural gas consumption slumps due to war
Ukraine's natural gas consumption is expected to fall below 20 bcm this year from about 27 billion in 2021 before the full-scale war with Russia began.
U.S. natural gas prices up 1% as warmer forecasts boost power demand
U.S. natural gas futures edged up about 1% on forecasts for warmer-than-normal weather in early October that should prompt power generators to burn more gas to keep air conditioners humming.
Mexico's first LNG plant to receive final piece in days
The last major piece of infrastructure needed to start production at Mexico's first floating LNG plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.
Dutch government to halt gas production from Groningen field Oct. 1
The Dutch government confirmed plans to halt production next month at Europe's largest gas field, Groningen, a decade after tremors blamed on drilling damaged buildings.
U.S. natgas prices fall 5% on lower LNG feedgas, weekend storm
U.S. natural gas futures fell about 5% to a one-week low due to forecasts for milder weather than previously expected, a potential demand destroying storm on the East Coast this weekend and a decline in the amount of gas flowing to LNG export plants.
Moldova will uphold deal with Gazprom to prevent crises
Moldova will uphold its gas supply contract with Russia's Gazprom in order to ward off crises over power prices in the country and hardship in its breakaway Transdniestria region.
Strikes end at Chevron's Australian LNG facilities
An Australian union alliance called off strikes at Chevron's two major local LNG projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies.
Asia spot LNG prices notch up amid spot buys, easing Japan inventories
Asian spot LNG prices rose $1 this week due to buying activity by China and India, easing inventory levels in Japan and higher oil prices.
China's 2023 natural gas demand may rise 8%
China's natural gas demand this year is expected to grow by 8% from 2022 to 396.4 bcm, an analyst from state-owned oil major CNOOC's research division said at a conference.
Ukraine's 2023/24 winter gas reserves seen in excess of 15 bcm
The volume of natural gas stored in Ukraine for the 2023/24 winter heating season is likely to exceed 15 billion cubic meters, the head of the Ukrainian Naftogaz company.
- 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
