Regions
U.S. March LNG exports flat as Freeport plant woes continue
U.S. exports of LNG fell slightly in March to 7.61 MMt from 7.73 MMt in February as production of the superchilled gas from the country's second largest exporter remained constrained, preliminary data from financial firm LSEG showed.
Summit Midstream launches open season on natural gas pipeline
Pipeline operator Summit Midstream Partners launched a non-binding open season to gauge interest for services of a natural gas pipeline running from the Delaware Basin in New Mexico and Texas to the Waha hub in West Texas.
China power firm GCL revives LNG ambition after solar spin-off
Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation.
QatarEnergy to charter 19 new LNG vessels expanding fleet further
QatarEnergy CEO Saad Al Kaabi announced that the company has finalized a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.
Argentina builds case for exporting natural gas to Brazil through Bolivia
Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel.
Russian pipeline gas exports to Europe rise 4.5% in March m/m
Russian energy giant Gazprom's average daily natural gas supplies to Europe rose 4.5% in March from February levels and by almost 26% from the same month of 2023.
Moldova to buy U.S.-origin LNG from Greece for consumers
Moldova's domestic gas supplier Energocom said it will supply its consumers with test volumes of U.S.-origin LNG for the first time.
Credit Agricole says it will not fund two major LNG projects
Credit Agricole said that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.
Japan's Mitsui decides to develop Vietnam gas field for $740 MM
Japanese trading house Mitsui & Co said it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 MM.
Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
Japan's biggest power generator JERA said it has suspended production at four of its gas-fired power stations and curtailed output at another plant from to secure sufficient LNG inventory.
Challenges in LNG delivery amidst Russia's energy market stability
Deputy Prime Minister Alexander Novak addresses challenges in LNG delivery, particularly concerning the Arctic LNG 2 project, amidst Russia's stable energy market despite drone attacks and sanctions.
Greece's DEPA files for arbitration over prices in Gazprom deal
Greek gas supplier DEPA Commercial has filed for arbitration to seek a price revision on its gas supply contract with Gazprom.
Western Australia’s domestic gas market in flux as traditional supply sources mature
With gas demand slowly outstripping supply, Western Australia’s once well-supplied domestic gas market is now tight, and further volatility is expected until new volumes come online later in the decade, according to a new report from Wood Mackenzie.
Asia spot LNG maintains six-week high amid emerging demand
Asian spot LNG prices were little moved this week, holding on to a six-week high amid emerging spot demand in both southeast Asia and Europe.
Japan's February LNG imports fall 5.9% on storage withdrawals
Japan's imports of LNG dropped 5.9% in February from a year earlier, data released by the Ministry of Finance showed, as power producers drew LNG from storage and boosted use of renewable energy.
UK's greenhouse gas emissions fell 5.4% in 2023 on lower gas use
Britain's greenhouse gas emissions fell by 5.4% in 2023, government data showed, with less gas used to generate electricity and heat homes.
U.S. natural gas prices climb 2% to 1-week high on higher demand forecasts
U.S. natural gas futures rose about 2% to a one-week high on forecasts for higher demand over the next two weeks than previously expected.
Osaka Gas sees little impact from Freeport LNG's partial shutdown
Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities.
IKAV, VTTI buy majority stake in Italy's biggest LNG terminal
Dutch infrastructure group VTTI and German asset manager IKAV have teamed up to buy a majority stake in Italy's biggest LNG terminal.
U.S. natural gas production grew by 4% in 2023, similar to 2022
U.S. natural gas production grew by 4% in 2023, or 5.0 Bcf/d, to average 125.0 Bcf/d, according to the U.S. EIA's Natural Gas Monthly.
Nozomi Networks extends partnership with Yokogawa to deliver OT and IoT security services worldwide
Nozomi Networks Inc. announced it has extended its partnership with Yokogawa Electric Corporation, to address global demand for managed security services and solutions designed to holistically satisfy the unique OT and IoT cybersecurity requirements of process manufacturers.
Europe’s gas stocks point to healthy supply next winter
The European Union will have plenty of gas in stock next winter and the remaining buyers of Russian pipeline gas in central Europe are working on alternative imports in case transit via Ukraine stops from January.
U.S. natgas prices slide 2% on forecasts for milder weather, lower demand
U.S. natural gas futures slid about 2% on forecasts for milder weather and less heating demand next week than previously expected and ample amounts of gas in storage.
ExxonMobil warns Australia faces sharp drop in gas supply, calls for policy stability
Exxon Mobil Corp gave a dire warning about the outlook of Australia's domestic gas supply, joining other gas producers in calling for policy stability and more investment in the sector.
Gazprom's unit buys former Shell stake in Sakhalin Energy for $1 B
Kremlin-controlled energy giant Gazprom has acquired a 27.5% stake, formerly owned by Shell, in Russian LNG producer Sakhalin Energy for around $1 B, according to a government order.
Enbridge to form natural gas supply venture connecting Permian and Gulf Coast (U.S.)
Canadian pipeline operator Enbridge said it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the U.S. Gulf Coast to tap into strong LNG demand for exports.
SEFE to become sole shareholder of gas grid operator WIGA
German nationalized energy firm SEFE will take full ownership of gas transmission network WIGA by buying around half of it from joint venture partner Wintershall, in the latest sign of Berlin tightening its grip on energy infrastructure.
Russia's Gazprom ships first LNG cargo from Portovaya to Spain
Russia's Gazprom shipped a cargo of LNG from its small-scale Portovaya LNG plant on the Baltic Sea to Spain for the first time.
PetroChina's 2023 net income up 8.3% on strong fuel, gas sales
PetroChina's net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realized oil prices.
Woodside seeks better terms to develop Trinidad's Calypso gas project
Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deep-water natural gas project there.
- 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
