Regions
Asia spot LNG prices above 7-month high on hot weather, Middle East tensions
Asian spot liquefied natural gas (LNG) prices rose this week to their highest level in more than seven months as high temperatures in Japan and South Korea boosted power demand and amid heightened geopolitical risks due to tensions in the Middle East.
Vietnam's LNG price cap puts gas-fired power target at risk
Electricity-hungry Vietnam wants liquefied natural gas (LNG) to fire 15% of power capacity by 2030 but is unlikely to meet that target as power producers and foreign investors balk at the country's strategy for making the super-chilled fuel affordable.
Russian pipeline gas exports to Europe reach highest this year
Russian energy giant Gazprom's average daily natural gas supplies to Europe in July reached their highest this year, up 5.7% compared with a year ago and 12% higher than in June.
U.S. LNG exports fall again in July on Freeport LNG's slow restart
U.S. LNG exports plunged in July to the second-lowest level of this year, LSEG ship tracking data showed, as Freeport LNG shut for eight days after suffering damage from Hurricane Beryl.
Targa Resources beats 2Q core profit estimates, announces $1-B buyback program
Targa Resources has beat estimates for its 2Q core profit, helped by higher volumes of natural gas and natural gas liquids (NGLs) across its pipelines.
WPC JV takes FID on the 2.5-Bcfd Blackcomb Pipeline project in Texas (U.S.)
The WPC JV (WhiteWater, MPLX, Enbridge) have taken FID on the Blackcomb Pipeline project, which will transport 2.5 Bcfd of natural gas from the Permian Basin to the Agua Dulce area in South Texas (U.S.).
Enterprise to expand operations at the Houston Ship Channel (U.S.) to increase propane/butane exports
Enterprise Products Partners announced an expansion project along the Houston Ship Channel. The company is adding refrigeration capacity that will increase propane and butane export capabilities by approximately 300,000 bpd.
Crowley accepts delivery of largest U.S.-flagged LNG bunker barge
Crowley has accepted delivery of the LNG bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin (U.S.).
U.S. oil and gas mergers continue at furious pace in 2Q
U.S. oil and gas patch deals continued to run hot in 2Q, topping $30 B with big dollar tie-ups pushing values higher.
Australia's Origin Energy reports APLNG revenue dip on lower prices, volumes
Shares of Origin Energy marked their biggest intraday loss in eight months on Wednesday after the firm posted a drop in quarterly revenue from its stake in the Australia Pacific LNG project, reflecting a fall in gas sales and prices.
Judge overturns FERC approval of Williams Cos' $1-B pipeline project (U.S.)
A U.S. appeals court threw out a federal regulator's "arbitrary and capricious" approval of a new $1-B natural gas project running through five mid-Atlantic states and intended to serve 3 MM customers.
SIAD Americas announces another ASU award for the Americas market
SIAD Americas, a wholly owned subsidiary of SIAD Macchine Impianti, S.p.A., announced the award of a 175-tpd air separation unit to be supplied by its affiliate company, SIAD Engineering (Hangzhou) Co., Ltd.
Iberdrola faces up to $535-MM claim from Pavilion in LNG contract dispute
Spanish utility Iberdrola faces claims worth up to $535 MM in an arbitration process launched by Singaporean liquefied natural gas (LNG) company Pavilion Energy over a supply contract.
Column: Power sector drives growth in U.S. natural gas demand
The power sector is the only major consumer of natural gas that has shown consistent demand growth in recent years, and has become the driving force behind natural gas demand in the U.S. as consumption from other sectors declines.
Canada's TC Energy to sell pipeline stake to some indigenous communities for $722 MM
Pipeline operator TC Energy said on Tuesday it would sell a minority stake in some of its Canadian assets for C$1 B ($722.1 MM) to certain indigenous communities as part of its plan to reduce debt and fund investments.
Enagas gets first nod to develop Spanish section of H2MED hydrogen pipeline
The Spanish government gave a first go-ahead on Tuesday to gas grid operator Enagas to start developing the Spanish section of a planned trans-European hydrogen (H2) pipeline and related H2 infrastructure projects.
Liquefied gas cargo containment innovations from Jiangnan Shipyard receive ABS AIPs
ABS has awarded approval in principle (AIP) to two new developments from Jiangnan Shipyard: a new insulation system and a modern design for an ultra-large ethane carrier (ULEC).
Woodside awards Monadelphous AUS $200-MM construction contract for Pluto LNG project (Australia)
Engineering company Monadelphous Group Limited announced it has been awarded a AUS $200-MM construction contract with Woodside Burrup Pty Ltd for the Pluto LNG Train 1 facility and associated infrastructure near Karratha in Western Australia.
India's Adani Total Gas posts 1Q profit rise on strong CNG demand
Adani Total Gas reported a jump in 1Q profit on Monday, helped by strong demand for the cleaner-burning compressed natural gas (CNG), sending its shares 2% higher.
Asia's LNG imports shift higher as Europe's fades
Asia continues to draw liquefied natural gas (LNG) from Europe with imports in July rising to the most in six months, even as spot prices stayed near seven-month highs.
Natural gas shows its staying power as U.S. wind output slumps
Power producers in the U.S. are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace.
Pieridae announces sale of Goldboro, equity financing, full repayment of bridge loan, production shut-in
Pieridae Energy Ltd. has completed the sale of its Goldboro assets and has issued notice to repay in full the company’s subordinated secured bridge loan.
Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
This strategic expansion aims to increase Oman's LNG production capacity to 15.2 MMtpy
Japan's JERA to launch new gas-fired power plant to avoid electricity shortages
Japan's biggest power generator JERA said it will start a unit of a new 2.34 GW gas-fired power station at Goi in Chiba, near Tokyo, on Aug. 1 to help avoid electricity shortages during peak summer demand season.
Asia spot prices slip as Freeport LNG loadings resume
Asian spot LNG prices eased this week amid a resumption of loading at Freeport LNG in the U.S. and rising inventory levels held by major Japanese utilities.
Turkey to sign long-term LNG purchase contracts
Turkey is set to finalise long-term contracts for LNG to cover the 2027-2037 period, aimed at securing approximately 5-6 billion cubic meters of LNG annually, will meet 12-13% of Turkey's energy needs.
Natural gas electricity generation in the United States spiked with July heatwave
U.S. power plant operators generated 6.9-MM megawatt hours (MWhr) of electricity from natural gas on a daily basis in the Lower 48 states on July 9, 2024, probably the most in history and certainly since at least January 1, 2019, when we began to collect hourly data about natural gas generation.
Whoever wins election, Venezuela faces natural gas problem
Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela's capital, for the frequent gas-supply interruptions that make it difficult to cook.
WoodMac: LNG truck sales impacting Chinese road diesel demand
China’s sales of LNG-powered heavy-duty trucks rose from below 10% to reach as much as 30% of the market in the latter months of 2023, resulting in the displacement of over 8% of road diesel demand in the country.
Glenfarne Energy Transition’s Texas LNG and EQT execute binding LNG tolling agreement
Texas LNG Brownsville LLC, a 4 MMtpy LNG export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, LLC, and EQT have executed a definitive 20-yr tolling agreement for natural gas liquefaction services for 2 MMtpy of LNG.
- 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
