Regions
New Fortress Energy to complete first Fast LNG unit in Q2
New Fortress Energy plans on finishing building its first Fast LNG unit in May before moving the plant to offshore Altamira in Mexico in June and producing LNG there in July.
WFW advises Hoegh LNG on refinancing options for German FSRUs
Watson Farley & Williams advised Höegh LNG on the refinancing of the Höegh Esperanza and Höegh Gannet FSRUs that will service Germany’s new FLNG terminals in the North Sea ports of Wilhelmshaven, Lower Saxony and Brunsbüttel, Schleswig-Holstein.
bp confirms Phase 2 of the Greater Tortue Ahmeyim LNG project
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.
CNPC shuffles regional offices to better support global portfolio
China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.
Asian LNG spot prices fall to lowest level since July 2021
Asian spot LNG prices eased this week, extending declines to its lowest since July 2021, as demand from key buyers in northeast Asia remain weak.
Cheniere begins permit process for Sabine Pass LNG expansion
Cheniere begins permit process for Sabine Pass LNG expansion
Trinidad and Tobago to begin negotiations with Venezuela for natural gas project
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project.
Greece's Gastrade sees decision on second LNG terminal this year
Gastrade said it expects to take a final investment decision on developing a second gas floating storage and regasification unit off the country's northern port of Alexandroupolis by the end of the year.
Trinidad to begin negotiations for gas deal with Venezuela in March
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
ADNOC looks to raise up to $2 B from IPO of gas unit
Abu Dhabi National Oil Co (ADNOC) said it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 B and give ADNOC Gas an equity valuation of $47 B-$50.8 B.
Cheniere Energy doubles revenue on surging LNG demand
Cheniere Energy said its full-year revenue more than doubled and also topped analysts' estimate on surging demand for the commodity since Russia's invasion of Ukraine.
TES and Energie 360° partner to supply renewable synthetic methane to customers
Energie 360° and TES are working together to supply eNG (renewable synthetic methane) to customers from 2027.
Tokyo Gas to free up funds to focus on decarbonization
Japan's Tokyo Gas will cut shareholder returns from the next financial year and use freed up funds to invest in technology to slash its carbon emissions.
U.S. natural gas futures rose more than 2% on forecasts for colder weather
U.S. natural gas futures rose more than 2% on forecasts for colder weather
Tellurian taps LNG demand surge to deliver fourfold jump in production
Tellurian Inc reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion.
Copenhagen Infrastructure Partners acquires Envo Biogas project in Tønder, Denmark
Copenhagen Infrastructure Partners has acquired the biogas project Envo Biogas in Tønder, Denmark from Anaergia. The project will produce green gas/fuels from organic waste.
New reserves of natural gas discovered in the Province of Lublin
The outcome of exploration work carried out by PKN ORLEN has confirmed the existence of additional 500 MM3m of natural gas in the Jastrzębiec field near Biłgoraj.
Leviathan gas project partners approve $100 MM for expansion
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 MM of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel.
Falling gas costs, rising carbon prices spur change in fuel dynamics
Falling gas prices over recent weeks have paired with rising coal and carbon costs to make European power generation from gas-fired power plants more economical, marking a trend reversal since coal took over as the cheaper fuel source last year.
Europe slashed winter gas use amid energy crisis
European countries slashed their gas use from August to January, as unusually warm weather curbed household heating, soaring prices curtailed industrial output and governments launched emergency measures to contain the energy crisis.
Freeport LNG receives regulatory approval for commercial operations of its liquefaction facility
Freeport LNG Development L.P. (Freeport LNG) has received regulatory approval to commence commercial operations of the company's natural gas liquefaction and export facility.
Nord Stream 2 blast investigations are ongoing
Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries told the U.N. Security Council.
BCCK boosts propane recovery with next-generation technology at cryogenic gas processing facility
BCCK has applied patent-pending technology, G2R-Flex®, to provide enhanced propane recovery for a premier midstream group in Ohio’s Marcellus-Utica Basin.
Koil Energy Solutions to provide LNG energy services
Koil Energy Solutions announced the receipt of an order to provide services for an LNG project in the Gulf of Mexico.
Audubon awarded engineering contract for West Texas gas plant
Audubon announced that it has entered into an agreement with a major US onshore oil and gas operator in support of large central delivery plant (CDP) engineering in West Texas.
IEEFA: Turmoil in global LNG markets is curbing long-term demand growth
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
ADNOC to float 4% of its gas business in IPO
Abu Dhabi National Oil Company (ADNOC) will sell 4% of its gas business in an initial public offering (IPO).
Alberta offers to work with Trudeau on carbon capture—with conditions
Canada's Alberta province has offered to collaborate with the federal government to spur carbon capture utilization and storage (CCUS) investments, but only if Ottawa secures Alberta's consent on climate policies that impact oil and gas.
Could three new U.S. LNG plants take FID this year?
At least three proposed U.S. LNG export plants have likely found enough customers to receive financial approvals this year to reach FID.
Australian government seeks more leeway to curb east coast LNG exports
Australia's government has proposed to expand its ability to curb liquefied natural gas exports from three projects on the east coast in order to meet gas supply shortfalls, under a plan due to take effect in April.
- 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
