Regions
U.S. natgas falls on bets for bigger-than-expected storage build
U.S. natural gas futures fell and were bound for their first daily decline in four days on expectations of a bigger-than-expected injection into gas inventories.
Chevron, Exxon seek state backing for Australia carbon capture, hydrogen projects
Chevron Corp and Exxon Mobil Corp, the two largest U.S. fossil fuel companies, are seeking Australia's backing for carbon capture and storage and hydrogen projects as they look to increase investment in a bid to slash intensity of carbon emissions.
Japan embraces G7's gas support but companies may face long-term problems
Japan's energy companies were quick to embrace the G7's support for natural gas investment in their statement last month but analysts caution that relying on the fossil fuel may open the companies up to long-term problems.
Philippines' First Gen seeks one LNG cargo for FSRU commissioning in Sept
Philippine power producer First Gen Corp will issue a tender probably in the next two weeks for one LNG cargo for delivery in September.
Vietnam bets big on LNG, South China Sea gas fields amid supply, security risks
Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported LNG and its reserves in the South China Sea, despite supply and geopolitical risks.
Biden administration grants Mountain Valley Pipeline permit
The Biden administration has approved a permit to allow the Mountain Valley natural gas pipeline to run through the Jefferson National Forest straddling Virginia and West Virginia.
The EU will ban Russian LNG 'sooner than later,' Spain’s energy minister says
European Union countries will agree sooner rather than later to ban import of LNG from Russia.
Cheniere strikes LNG supply deal with Korea Southern Power
Cheniere Energy Inc said it has entered a long-term deal to supply LNG to Korea Southern Power Co Ltd.
Germany's LNG import terminals tackle challenges
A German government-backed LNG terminal project at Mukran on Ruegen island in the Baltic Sea, near existing LNG reception facilities delivering into the mainland port of Lubmin, will be downsized.
Executives say Australia gas moves may hit long-term energy investment
The Australian government's repeated intervention in domestic gas prices could have long-term repercussions on investments in its wider energy sector, industry executives warned.
Bangladesh rocked by power cuts as cyclone hits gas supply
Bangladesh faced its worst power cuts in over seven months as a deadly storm forced the closure of both its floating LNG terminals, less than a month after a scorching heatwave caused widespread outages in the south Asian country.
Kazakhstan, Russia map out gas pipeline to China
Kazakhstan and Russia have established the route for a future gas pipeline to support shipments between the two countries and to China, Kazakhstan's energy minister said.
Woodside open to talks with Chinese firms for Scarborough gas project
Woodside Energy Group said it is open to talks with Chinese firms to invest in its $12-B Scarborough liquefied natural gas project in Australia.
Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
Technip Energies is pleased to announce that a joint venture, led by Technip Energies in partnership with Consolidated Contractors Company, has won a major Engineering, Procurement, Construction and Commissioning contract by QatarEnergy for the onshore facilities of the North Field South Project.
Argentina seeking new Vaca Muerta pipeline work to move local gas supply
Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country.
German gas storage levy set at €1.45/MWh from July
A charge to help fund gas imports into Germany will more than double from July, according to Trading Hub Europe, which was tasked by Berlin with ensuring national stocks get Europe’s top economy through the winter.
Germany scales down LNG terminal plans as supply crisis eases
Germany will almost halve planned capacity for LNG terminals in the Baltic Sea as Berlin revaluates its LNG needs given local resistance and an easing of energy bottlenecks.
Ørsted awarded contract which will capture and store 430,000 tons of biogenic CO2
The Danish Energy Agency (DEA) has awarded Ørsted a 20-year contract for its carbon capture and storage project ‘Ørsted Kalundborg Hub’.
Shell halts production at Prelude floating LNG facility
Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes and is working through steps to restart production at the world's largest floating LNG platform.
EU watchdog sees concentration and liquidity risks in gas derivatives
Europe's $4.5-T natural gas derivatives market has become less transparent since Russia's invasion of Ukraine and faces risks due to a small number of market players and low liquidity.
Asian spot LNG prices fall for third straight week to near 2-yr low
Asian spot LNG prices fell for the third straight week to the lowest level in nearly two years due to weak demand from top regional importers and as inventories remained high.
U.S. permit crackdown poses new hurdles for proposed LNG projects
The U.S. Department of Energy's refusal to grant export permit extensions to LNG developers that fail to meet a construction deadline poses a new hurdle for greenfield plants.
Alberta producers restart oil and gas operations as wildfires temporarily ease
A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
ADNOC Gas reports Q1 2023 net income of $1.3 B, up 9% year-on-year
ADNOC Gas plc announces its first quarterly financial results since its formation and initial public offering, for the three months ended March 31, 2023.
Finland's Gasum not taking LNG from Russia's Kryogaz
Finnish energy provider Gasum has not been taking cargoes of liquefied natural gas for about a month from the Russian Kryogaz-Vysotsk plant controlled by Novatek citing data from analytics group Kpler.
Carbon capture and hydrogen are the main tools in Biden’s power plan
The Biden administration unveiled its plan to slash greenhouse gas emissions from the U.S. power sector, part of its broader effort to decarbonize the economy to fight climate change.
Europe’s gas prices slide on swollen inventories
Europe has made a relatively slow start to rebuilding gas inventories but stocks were so high at the end of last winter that storage sites are still on course to be full well before summer ends, putting downward pressure on prices.
AXPC releases statement on EPA’s rule proposal on natural gas power plants
EPA released a new proposal that requires very aggressive emissions reductions and imposes requirements not only on new power plants, but also existing ones – making it significantly harder to rework an existing power plant and deterring investment in natural gas generating facilities.
Axens to provide tech for the complete gas treatment chain at CSV Albright Sour Gas Processing Plant in Canada
Axens has been selected to supply the technologies for the Acid Gas Removal unit and the Sulphur Recovery unit of the Albright Sour Gas Processing Plant to be constructed by CSV Midstream Solutions Corp. in Alberta, Canada.
UAE's ADNOC says 'business as usual' in Asia
Abu Dhabi National Oil Company sees no dip in demand from Asian customers as cheap Russian oil flows into the continent on the back of Western sanctions on Moscow, a senior executive said.
- 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
- ExxonMobil selects Chart Industries’ IPSMR® liquefaction technology for Mozambique LNG project
- 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
- U.S. LNG exports primed to jump as price arb to Europe opens wide
