economics
Goldman warns of likely Asia LNG price rise on European supply crunch
Asia prices of LNG could jump to above $20/mmBtuif European gas supply tightens this winter, an analyst at Goldman Sachs told reporters on Wednesday.
Japan's JERA sees no impact on its LNG supply from sanctions on Gazprombank
Japan's top utility JERA sees no impact from new U.S. sanctions on Gazprombank on its procurement of LNG from Russia's Sakhalin-2 project, as it does not use the lender for payment settlements, its president said.
Contentious COP29 deal shows climate cooperation fraying at edges
When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted around a hoped-for deal being struck, while the other for the possibility of a summit-collapsing impasse.
Trump prepares wide-ranging energy plan to boost gas exports
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new LNG projects and increase oil drilling.
Russian gas flows to Europe via Ukraine stable despite Gazprom-OMV row
Russian gas exports to Europe through Ukraine have been stable on Monday despite a contractual row between Austria's OMV and Kremlin-owned Gazprom, which halted gas flows to the Vienna-based company this month.
LNG is stepping up to solve Europe gas woes, but at a price
Concerns that Europe is facing a natural gas supply crunch this winter are overblown, with the liquefied natural gas (LNG) market already stepping up to avoid any shortfall, albeit at higher prices.
Pipeline operator ONEOK to buy remaining shares of EnLink in $4.3-B deal
Pipeline operator ONEOK says it will buy the remaining shares of peer EnLink Midstream for $4.3 B in an all-stock deal, boosting its presence in the Permian Basin amid increased consolidation in the U.S. energy sector.
Blackstone to buy pipeline stakes from EQT for $3.5 B
Natural gas producer EQT said on Monday that alternative asset manager Blackstone would buy minority stakes in some of its pipelines for $3.5 B in cash through a joint venture.
Kremlin says new U.S. sanctions are an attempt to hinder Russian gas exports
The Kremlin on Friday said that new U.S. sanctions on Russia's Gazprombank were an attempt by Washington to hinder the export of Russian gas, but said a solution would be found.
Gauging the likely Trump effect on U.S. energy and power sectors
President-elect Donald Trump's support for the fossil fuel sector and climate skepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum.
U.S. LNG exports primed to jump as price arb to Europe opens wide
United States exports of LNG to Europe are set to jump in the coming weeks after the price spread between domestic natural gas and Europe's main gas pricing hub hit one-year highs.
Egypt in talks with foreign companies over long-term LNG purchases
Egypt is in talks with U.S. and other foreign companies to purchase long-term volumes of LNG, as it seeks to cut its reliance on more costly spot market purchases to meet power demand.
Japan's LNG handling volume up 1% in FY23/24 as external trade rises
The volume of liquefied natural gas (LNG) handled by Japanese companies rose 1% year-on-year to 103.13 MM tonnes (t) in the fiscal 2023/24 year as external trade increased.
Finland's Gasum buys Danish biogas plant
Finland's Gasum has signed an agreement to acquire Haerup Biogas, which owns and operates a biogas plant in the northern part of Denmark.
LNG tankers divert to Europe from Asia after Russia halts supplies to Austria's OMV
At least five cargoes of liquefied natural gas (LNG) have diverted from Asia to Europe in the past few days, drawn by higher gas prices on the continent after Russia's Gazprom halted supplies to Austria's OMV.
Venture Global LNG's second plant running over budget, document shows
Venture Global LNG's second liquefied natural gas (LNG) export plant, currently under construction in Louisiana, is $2.35 B over budget and costs could still rise, according to financial documents prepared for its initial public offering of shares.
U.S. natgas prices slide 3% on rising output, less cold forecast for late November
U.S. natural gas futures slid about 3% to a one-week low on Friday on an increase in daily output and forecasts for less cold weather in late November than previously expected.
ADNOC Gas signs 10-yr LNG SPA with India’s GAIL
ADNOC Gas has signed a 10-yr Sales and Purchase Agreement (SPA) with GAIL India Limited to supply up to 520,000 tpy LNG, starting in 2026. The SPA converts the previous Heads of Agreement between ADNOC Gas and GAIL, announced in January, into a definitive agreement.
Bangladesh seeks potential LNG suppliers in new enlistment process
Bangladesh has issued an enlistment invitation for companies to supply the South Asian nation with LNG on a spot basis.
ADNOC GAS to acquire 60% of Ruwais LNG from ADNOC, valued at $5 B
ADNOC Gas expects ADNOC to transfer its 60% share of the Ruwais LNG Project to the company at cost - estimated to be around $5 B - in the second half of 2028.
Opinion: Trump-led oil and gas export boom may go bust in Europe trade spat
Oil and gas producers in the U.S. expect to find it easier to ramp up production and exploration under the incoming second administration of Donald Trump. Finding local and lucrative markets for their wares may be the bigger challenge.
ADNOC secures 15-yr, 1-MMtpy sales and purchase agreement for Ruwais LNG project
ADNOC has signed the first long-term sales and purchase agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi.
Facing tariff threat, Europe eyes options to appease Trump, including LNG
The European Union is considering options to appease Donald Trump on his return to the White House as it braces for a resumption of U.S. tariffs and other trade threats plus tough exchanges on how to treat China.
Europe's October LNG imports show rare increase, Asia's dip
Europe's imports of liquefied natural gas (LNG) rose in October for the first month in 10 while those in Asia dropped for the first time since June, but not by enough to stop the combined total from increasing.
Crown LNG executes final agreements to acquire Kakinada and Grangemouth LNG import terminal assets
Crown LNG Holdings Ltd., a leading provider of liquefied natural gas (LNG) liquefaction and regasification terminal technologies for harsh weather locations, has concluded two strategic acquisition agreements forming the basis of Crown LNG's entry into the global LNG infrastructure network: KGLNG and Grangemouth.
U.S. natural gas prices ease on forecasts for mild weather
U.S. natural gas futures fell on Monday on expectations that mild weather through mid-November would keep heating demand low, allowing utilities to build up gas storage for few more weeks.
U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023
U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 MMt in 2023, up 135% since the U.S. began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau.
Oman's OQ to list up to 49% stake in methanol, ammonia and LPG arm
Oman's OQ Base Industries, the methanol, ammonia and LPG arm of state-owned OQ, plans to list an up to 49% stake on the local stock exchange. The listing is part of a privatization program by state-owned energy group OQ to diversify its economy and cut its debt.
China's Sinopec signs agreement for 15-yr LNG deal with TotalEnergies
China's state oil and gas major Sinopec Corp said it has signed Heads of Agreement to buy from TotalEnergies 2 MMtpy of LNG a year for 15 yrs starting 2028.
Cepsa becomes Moeve
Cepsa has announced its name change to Moeve, marking a historic milestone in the company’s transformation.
- 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
