storage

Asian spot LNG prices at five-month high on firm demand, geopolitical risks

Asian spot liquefied natural gas (LNG) prices surged to a five-month high, marking the fourth consecutive week of gains.

Equinor to invest more than $1.1 B to further develop gas infrastructure in the Troll West gas province

Equinor and the Troll partners have decided to invest just more than $1.1 B to further develop the gas infrastructure in the Troll West gas province.

Phillips 66 to buy Pinnacle Midland for $550 MM

Phillips 66 agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner's natural gas gathering and processing footprint in the Midland Basin.

China LNG imports could hit record levels in 2024, says PetroChina

According to PetroChina, domestic LNG imports could reach between 78 MMtpy-80 MMtpy this year, with the industrial and commercial sectors driving demand.

Shell investigates smoke near Gbaran oil facility in Nigeria

Shell is investigating reports of smoke early Tuesday near its Gbaran Ubie oil and gas facility in Nigeria's coastal Bayelsa state after residents reported hearing explosions and seeing smoke near the area.

Turkey signs LNG supply deal with ExxonMobil

Turkey's state pipeline company, BOTAS, and ExxonMobil signed an LNG supply agreement, as Turkey aims to diversify its energy sources.

Investments surge on strong demand outlook for LNG bunkering

Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.

NextDecade plans to take FID on LNG train 4 in 2H of this year

In the company's Q1 business update, NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, provided an update on the company's LNG terminal project in south Texas (U.S.).

Air Products to build network of H2 refueling stations in Alberta, Canada

Air Products announced in late April that it intends to build a network of permanent, commercial-scale multi-modal hydrogen refueling stations stretching from Edmonton to Calgary, Alberta, Canada.

AG&P LNG and Hai Linh begin commissioning of Cai Mep LNG terminal in Vietnam

Leading LNG terminals and downstream infrastructure company, AG&P LNG, a subsidiary of Nebula Energy, along with its partner, Hai Linh Co. Ltd., a prominent petroleum product import terminal and trader, have announced the start of the commissioning of the Cai Mep LNG terminal.

ConocoPhillips boosts processing efficiency with new Zia Hills Central Facility

ConocoPhillips’ newest central processing facility is significantly enhancing the company’s Zia Hills asset in New Mexico by optimizing operational costs, expanding processing capacity, reducing surface footprint and curbing emissions.

Ukraine hopes to boost winter gas storage for Europe by 60%

Ukraine hopes to store around 4 Bm3 of gas for foreign companies and traders this winter, up 60% from last year, despite Russian airstrikes on the country's energy infrastructure.

Mild winter weather may lead to persistently high natural gas inventories through 2025

The surplus to the five-year average grew over winter 2023–24 because of mild weather, low natural gas consumption, and high natural gas production. In our April Short-Term Energy Outlook, the U.S. EIA expects natural gas inventories to remain relatively high and natural gas spot prices to remain relatively low through 2025.

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.

U.S. natgas prices rise 8% on larger-than-expected storage withdrawal

U.S. natural gas futures rebounded from an early two-week low to gain about 8% after a weekly report showed a larger-than-expected storage withdrawal.

Europe's record gas stocks amid mild winter raise energy security, policy questions

Europe is expected to end the winter with a record amount of gas in storage due to mild weather and increased wind generation, impacting energy prices and highlighting the importance of policy measures for future supply security.

U.S. natgas prices drop 6% to one-week low on small storage withdrawal, mild weather

U.S. natural gas futures dropped about 6% to a one-week low on an expected much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

Shutdown and startup of an amine system

3/7/2024

This work demonstrates best practices when shutting down and starting up an amine system

Navigating the complex LNG value chain

3/7/2024

Capturing efficiency and visibility across the LNG value chain is possible with modern technologies. This article examines how boundless automation is managing data seamlessly from the field to the edge and into the cloud. This includes a move toward holistic, seamlessly integrated energy logistics software solutions that help operators visualize and manage the LNG value chain from end-to-end.

Europe's mild winter leaves gas stocks at record high

Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account.

Japan’s bloated gas stocks add to worldwide surplus

Japan’s gas inventories are well above normal for the time of year, part of a worldwide surplus in response to the period of exceptionally high prices stemming from Russia’s invasion of Ukraine in 2022.

Italy awaits EU clearance on $5.2-B tariff to cover gas storage costs

Italy's energy authority is awaiting clarity from the European Union on whether a planned tariff to cover costs of gas storage filling, potentially worth $5.18 B, is in compliance with the single market rules.

Poland's Gaz-System chooses Mitsui O.S.K. Lines for FSRU

Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit.

U.S. natural gas supplies drop, record demand forecast due to extreme cold

U.S. natural gas supplies have fallen by the most in over a year as extreme cold froze wells, while demand for heating was on track to hit a record and lift both power and gas prices to multi-year highs.

Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada's CDPQ

Engie Brasil said it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec for $641 MM.

US natgas prices trade below 3-wk peak ahead of storage report

U.S. natural gas futures traded below the previous session's 3-wk high as investors awaited a weekly storage report due later in the day.

Williams to buy natural gas storage assets for $1.95 B

Pipeline operator Williams said it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 B.

Continental U.S. kicks off winter with most natural gas in storage since 2020

The continental United States entered the winter heating season with the most natural gas in storage since 2020, according to the U.S. Energy Information Administration.

Four suitors offer more than €600 MM for Edison gas storage

Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than €600 MM.

U.S. natgas prices hold steady as surprise storage build offsets rising demand

U.S. natural gas futures were little changed as a surprise build in weekly storage and forecasts for less cold weather through mid-December than previously expected offset a drop in output over the past few days and forecasts for higher demand over the next two weeks.

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