economics
Petronas starts construction of floating LNG facility for Argentina
Malaysia's state energy firm Petronas has begun the construction of a floating LNG processing unit to be placed off the coast of Argentina, which aims to begin exports by 2027.
Global LNG market will 'be tight' until 2026 - TotalEnergies CEO
The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.
European coal-to-gas fuel switching set to continue this year
The fall of European wholesale gas prices to levels from before the Ukraine war and greater use of renewable energy is encouraging more electricity utilities to ditch heavily polluting coal, further pushing coal out of the power mix.
Europe requires greater infrastructure to cut reliance on Russian gas
Europe will need to come up with more infrastructure if it is to replace Russian gas as thoroughly has it has crude oil, oil and gas executives said at an energy conference.
Methane to become key criteria for future EU energy imports
The EU will increasingly use methane emissions as a criteria for deciding who it buys energy from in the future, an official said at a U.N. methane conference, urging other major importers to do the same.
U.S. natgas prices up 3% to 1-week high on colder forecasts, lower output
U.S. natural gas futures climbed about 3% to a one-week high on forecasts for colder weather and higher heating demand over the next two weeks than previously expected.
Viridi Energy developing renewable natural gas facility in Maine (U.S.)
Viridi Energy said it has acquired a biosolids digester plant in Brunswick, Maine, (U.S.) as part of its plans to develop a facility to convert waste into RNG in the state.
CERAWeek - Lower LNG prices should boost gas demand, executives say
LNG prices have fallen about a third over the past nine months, propping up demand, which should tighten the LNG market in the near-term, executives said at the CERAWeek energy conference.
TES partners with 7 large international companies to create a global e-NG coalition
TES has entered into an MOU with other large international companies to sponsor the creation of a global coalition, the e-NG Coalition, which is exclusively dedicated to electric natural gas (e-NG or e-natural gas), also referred to as e-methane.
Ukraine has no plan to extend Russian gas transit deal
Ukraine said it does not plan to prolong a five-year deal with Russia's Gazprom on the transit of Russian gas to Europe or to sign another one.
U.S. natgas prices jump 4% on colder forecasts, lower output
U.S. natural gas futures jumped about 4% on forecasts for colder weather and higher heating demand over the next two weeks than previously expected, and on a continued drop in U.S. output after gas prices collapsed to a 3-1/2-year low in February.
Venture Global LNG to buy fleet of vessels
Venture Global LNG said it would acquire a fleet of nine LNG transport vessels, expanding its ability to sell and ship its own cargoes.
LNG developer Tellurian to explore sale among other options, CEO steps down
Tellurian said it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the LNG developer's efforts to keep its Driftwood export project alive.
Germany's Stade LNG terminal to receive first vessel
Germany's LNG terminal in the Elbe river port of Stade expects its first floating regasification vessel to arrive, the state-appointed manager of regasification terminals said.
Germany builds up LNG import terminals
Germany's Elbe river LNG port at Stade expects its first floating regasification vessel to arrive, shortly after the first arrival of LNG at the Baltic Sea terminal of Mukran.
Venture Global LNG asks U.S. energy regulator to keep documents confidential
LNG exporter Venture Global LNG delivered to U.S. regulators a proposed protective order seeking to keep documents on the construction of a Louisiana export facility confidential.
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.
TC Energy to sell Prince Rupert pipeline project to Ksi Lisims LNG partners
TC Energy has agreed to sell its Prince Rupert natural gas pipeline project to two partners in Ksi Lisims LNG, a proposed Canadian export terminal.
bp in talks with Venezuela and Trinidad governments to develop gas field
bp Venezuela confirmed they are in talks with Trinidad and Tobago government to develop a shared offshore gas field in the Caribbean.
Technip Energies and GE Vernova drive UK's net-zero with gas power and carbon capture project
Technip Energies, leader of a consortium with GE Vernova, and construction partner, Balfour Beatty, received a Letter of Intent from bp, on behalf of NZT Power Limited for the execution phase of the Net Zero Teesside Power in the UK.
U.S. natural gas prices firm as investors await storage report
U.S. natural gas futures gained, having hit their lowest in more than two weeks earlier, as investors awaited a weekly storage report that is expected to show a much smaller-than-usual storage withdrawal on lower heating demand.
Europe gas prices set to fall amid high storage levels throughout 2024
Gas prices in Europe could fall as low as US$6.70 per MMbtu in the summer as the mild winter will see storage levels remain above 55% according to a new report by Wood Mackenzie.
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.
Shell publishes Energy Transition Strategy 2024
Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021 and with this energy transition update, Shell is focusing on how the same strategy delivers “less emissions”.
Technip Energies, JGC, and NPCC got limited approval for ADNOC’s Ruwais LNG Project in the UAE
Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement and construction activities at the Ruwais low-carbon LNG project, located in Al Ruwais Industrial City, Abu Dhabi.
Israeli gas producer NewMed says ADNOC buy-in offer on hold
A $2-B offer by Abu Dhabi's national oil company and to buy a 50% stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region.
U.S. asks Venture Global LNG to justify filing of confidential documents
The Federal Energy Regulatory Commission asked LNG developer Venture Global LNG to explain the basis for its extensive filing of confidential documents in its Calcasieu Pass LNG export terminal.
JERA to conduct trial of co-firing ammonia at coal power plant from March to June
Japan's top power generator, JERA, plans to co-fire 20% of ammonia with coal at its Hekinan thermal power station, in what it said will be the world's first trial using a large amount of the gas at a major commercial plant.
Softer spot LNG prices see demand gain, contrast with contract pain
Lower spot prices for LNG in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China.
Ukraine starts checking LPG from EU, fearing Russian supply
Ukrainian energy customs have started inspections of imported LPG produced in the EU by blending components, fearing that some of them may have come from Russia.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
