economics
Mozambique government approves Eni's Coral Norte FLNG plan
Mozambique approved the development plan for Eni's second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.
LNG Canada starts cooldown of plant in final step before producing LNG
LNG Canada has started to cool down its LNG plant in Kitimat, British Columbia, considered a final step before it begins to produce the superchilled gas.
Indonesia to divert LNG cargoes to local buyers in April-May, adjust Singapore exports
Indonesia's upstream oil and gas regulator SKK Migas will during April and May divert five export cargoes of LNG to domestic buyers. Indonesia will also optimize gas exports from the Natuna area to neighboring Singapore, while reducing exports via its Sumatra pipeline to Singapore
Azerbaijan urges EU to reassess finance restrictions on gas corridor expansion
The European Union must reassess its financing and policies on long-term contracts if it wants to keep importing natural gas from Azerbaijan, President Ilham Aliyev said, adding Baku may seek other export markets instead.
Shell lowers first-quarter LNG production outlook
Shell lowered its first-quarter LNG production outlook in a trading update, citing the impact of bad weather in Australia, before it publishes results on May 2.
U.S. exits carbon talks on shipping, urges others to follow
The U.S. has withdrawn from talks in London looking at advancing decarbonization in the shipping sector and Washington will consider "reciprocal measures" to offset any fees charged to U.S. ships.
Petronet LNG signs initial pact with Odisha government to set up a 4-MMtpy LNG terminal
The LNG operator has signed an initial pact with India's Odish state government to possible build a 4-MMtpy LNG terminal.
China petchem plants face shutdown as tariffs on U.S. LPG loom
Chinese petrochemical makers that buy $11 B worth of U.S. liquefied petroleum gas (LPG) annually are poised to cut output or shut for maintenance in coming weeks as Beijing's retaliatory tariffs on U.S. imports drive up costs.
Chevron announces sale of majority interest in its East Texas (U.S.) gas assets
Chevron U.S.A. Inc., a subsidiary of Chevron Corp., has closed on a transaction to sell a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources LLC (TGNR), a company indirectly owned by Tokyo Gas Co. Ltd. (Tokyo Gas) and Castleton Commodities Intl. LLC (CCI), for $525 MM, with $75 MM paid in cash and $450 MM as a capital carry to fund Haynesville development.
Chinese LNG buyers resell U.S. cargoes as tariffs bite
Chinese buyers of liquefied natural gas (LNG) are re-selling U.S.-sourced cargoes as tit-for-tat tariffs drive up import costs, and the trend is set to accelerate as new multi-year supply deals kick in this month and domestic demand weakens.
Australia's Woodside sells Louisiana LNG stake to Stonepeak for $5.7 B
Woodside Energy, Australia’s top gas producer, said on Monday it has agreed to sell a 40% stake in its Louisiana (U.S.) liquefied natural gas plant (LNG) to U.S. infrastructure investor Stonepeak for $5.7 B.
U.S. natgas prices ease to 7-week low on record output and tariff worries
U.S. natural gas futures eased about 1% to a seven-week low on Monday on record output and worries U.S. President Donald Trump's tariffs could reduce global economic growth and demand for energy.
Europe gas: Global trade fears fuel market volatility
Dutch and British gas prices recouped some earlier losses after rising on Monday before falling back again, as fears of a global trade war leading to weaker energy demand drive volatility.
bp to nix team looking into hydrogen and LNG for transport
bp is shutting its team looking into hydrogen and LNG for transport, especially trucks, a bp spokesperson, a move which does not affect its electric vehicle (EV) charging business BP Pulse.
Italy to pay gas incentive to meet 90% storage target
Italy has introduced an incentive scheme from the start of this month to ensure companies inject gas into storage after its sites ended the winter season just 42% full, gas grid operator Snam said.
European gas prices hit 6-months lows on China trade tariff retaliation
Dutch and British gas prices plunged to their lowest in over six months in line with sharp declines in oil and stock markets after China announced retaliatory tariffs on U.S. goods, fanning global recession fears.
Gazprom's venture seeks workers for vast Ust-Luga gas complex
RusKhimAlyans, a subsidiary of Russia's state-owned Gazprom, announced job vacancies for its new gas processing complex in the Baltic Sea port of Ust-Luga, in a sign of confidence the plant will start operations despite sanctions.
Japan's Mitsubishi may consider investing in $44-B Alaska LNG project, CEO says
Japanese trading house Mitsubishi Corp may consider investing in Alaska's $44-B LNG project, though any decision will require careful review, including factors such as the 1,300 km distance to the West coast, the need to build liquefaction facilities, and future LNG demand in Southeast Asia and other regions.
Venture Global's Calcasieu Pass LNG (U.S.) facility gets FERC approval
The U.S. Federal Energy Regulatory Commission has granted approval to U.S. LNG developer Venture Global Inc to commence service on the remainder of the facilities at the Calcasieu Pass LNG Terminal in Louisiana, according to a filing on Thursday.
Poland to upgrade gas link to Ukraine to boost transit capacity
Poland's Gaz-System will upgrade a metering station on the gas pipeline to Ukraine to boost gas transit capacity towards its eastern neighbor. The upgrade of the Hermanowice station will be ready at the end of 2025 or early 2026.
Phillips 66 completes acquisition of EPIC NGL for $2.2 B
Phillips 66 announced the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of approximately $2.2 B.
Japan's Tokyo Gas expands in U.S. shale gas with Chevron deal
TG Natural Resources LLC, co-owned by Tokyo Gas and Castleton Commodities International, has bought a 70% stake in east Texas gas assets from Chevron for $525 MM, as it expands its U.S. gas business.
Gas giants say Australia opposition’s plan to reserve supplies could worsen shortfall
Global gas giants said an election campaign proposal by Australia's opposition coalition that would force producers to direct more export gas into the domestic market would deter investment without tackling looming shortages.
Russia's Arctic LNG 2 plant resumes operation 'slowly'
Russia's Arctic LNG 2 plant, under U.S.-sanctions, has resumed natural gas processing at a low rate this month, though it has yet to deliver its first cargo to the buyers.
Europe could need an extra $11 B of gas to refill winter stores
Europe may need up to an extra 250 cargoes of LNG this year, costing at least $11 B to refill its depleted gas stores
U.S. LNG exports soar in March on ramp up of Plaquemines LNG plant
The U.S. exported a record amount of LNG in March, selling more than 9 MMt of the superchilled gas
Canada’s propane exports to Asia are growing, making up more than 40% of exports in 2024
Canada’s propane exports have steadily increased over the last decade, reaching record highs in 2024 as new marine export terminals streamlined the flow of propane from western Canada to export destinations, particularly to Asia.
U.S. regulators issue preliminary environmental support for Rio Grande LNG
The Federal Energy Regulatory Commission issued a preliminary decision supporting environmental approval for NextDecade's Rio Grande LNG project in southern Texas.
EU ban on Russia's LNG re-exports comes into effect
The European Union's ban on re-exporting Russian liquefied natural gas (LNG) via EU ports, which aims to reduce Moscow's revenues after its invasion of Ukraine, came into effect this week.
Europe gas: Prices hold steady despite latest Sudzha gas station attack
Dutch and British wholesale gas prices were largely steady on Friday as the latest attacks on a Russian gas supply point were balanced by an improved supply-demand outlook as winter ends.
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- U.S. ethane exports to China hit new roadblock with license requirement
- Update: How Germany is building up LNG import terminals
- Digital Exclusive: The value of experience—Why expertise matters in compressor overhauls and revamps
- Croatia's LNG terminal to auction 0.75 Bm3 of regasification capacity in May
