economics
NextDecade secures $356-MM loan for Rio Grande LNG Phase 1
NextDecade said it has received a loan worth $356 MM from a group of lenders to finance a portion of the Phase 1 of its Rio Grande LNG export facility in Texas.
Berkshire Hathaway Maryland Cove Point LNG export plant shut
The amount of natural gas flowing to U.S. energy firm Berkshire Hathaway Energy's Cove Point LNG export plant in Maryland fell to near zero on Wednesday, a sign that the plant likely shut for work expected to start on Sept. 21.
Low demand could see 20% European gas price fall in summer 2024 compared to current projections
European gas prices are set to fall 20% by mid-2024, compared to the current forward price curve, despite the market recent tightening due to the extensions of gas field maintenance schedules in Norway and strikes at key Australian LNG fields.
German Mukran LNG import terminal seen ready by first quarter
A new floating reception terminal for LNG off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection.
Years of limited gas supply spell price spikes, Equinor says
A protracted lack of supply in the gas market means even minimal disruption will cause prices to spike, a senior executive at Equinor, Europe's largest supplier of natural gas.
Australia tribunal to rule on Chevron LNG strikes after talks fail
Fresh talks between Chevron and unions over strikes at two LNG facilities in Western Australia ended without a deal leaving it up to a workplace tribunal to map a way forward.
Egypt approves GASCO project to increase capacity of Western Desert Gas Complex
Cabinet approves GASCO project to increase capacity of Western Desert Gas Complex with fourth production line of 600 MMcf/d.
Russia has produced 410 bcm of natural gas so far this year
Deputy Prime Minister Alexander Novak said that Russia had produced 410 bcm of natural gas so far this year.
U.S. President Joe Biden opposes bill to change natural gas procedures
U.S. President Joe Biden's administration strongly opposes passage of a bill in the House of Representatives that would change procedures for the import and export of natural gas.
LNG crucial to German energy strategy
Germany must strengthen rather than abandon the LNG capability built last year to retain energy diversity in the face of continued fragility of supply.
U.S. natgas prices up 2% to two-week high on daily output drop
U.S. natural gas futures climbed about 2% to a two-week high with a drop in daily output and as the amount of gas flowing to the country's LNG export plants increases after Freeport LNG's facility in Texas returned to near full service over the past few days.
Chevron's strike-hit Australia LNG facility resumes full production
Chevron said full production had resumed at its strike-hit Wheatstone LNG facility in Western Australia after a fault last week cut production by about one-fifth.
Irish planning body rejects major LNG terminal, cites climate plan
Ireland's top planning body has refused permission for a major new LNG terminal, citing the government's greenhouse gas reduction targets, a possibly fatal blow to a project supporters say is essential to the country's energy security.
Chevron LNG strikes to have limited near-term impact on U.S. gas prices
The strikes at Chevron's LNG plants in Australia will likely have limited near-term impact on U.S. gas prices as domestic demand remains low.
Venture Global CEO says court battles are not slowing the company's LNG projects
Venture Global LNG's chief executive insisted recently that the company's development of U.S. LNG plants has not been slowed by international court battles over its failure to deliver cargoes to contract holders, including BP and Shell.
U.S. natgas prices edge up 1% on rising feedgas to Freeport LNG in Texas (U.S.)
U.S. natural gas futures edged up around 1% as the amount of gas flowing to the country's LNG export plants increases after Freeport LNG's facility in Texas returned to near full service over the past few days.
New FSRU arrives in France as Greenpeace blocks port
A new LNG FSRU arrived in western France morning, a TotalEnergies' spokesperson said, as activist group Greenpeace tried to prevent it from entering port.
ConocoPhillips signs 15-year LNG deal at Gate terminal in Netherlands
ConocoPhillips said it has signed a 15-year LNG throughput deal in the Netherlands, starting in 2031, to secure additional regasification capacity in Europe.
Russian gas exports to Europe via pipeline from Sept. 1-15 down 2% on August
Natural gas exports to Europe from Russia's Gazprom via pipeline edged down 2% in the first half of September compared to average levels in August when supplies were at their highest level this year.
Norway will deliver gas to Europe for as long as needed
Norway will continue to deliver natural gas to Europe for as long as needed while also working to decarbonize the continent's energy systems.
Italy's Eni wins second UK carbon storage license
Italian energy group Eni has won a second carbon dioxide storage license in Britain.
Asian spot LNG prices inch up as market eyes Australia strikes
Asian spot LNG prices inched up this week amid supply concerns as workers at Chevron's Australia LNG projects escalated industrial action and as feedgas intake at U.S. Freeport dropped below normal capacity.
Moldova's energy regulator fines Gazprom unit $1.9 MM
Moldova's energy regulator ANRE has fined a unit of Russia's Gazprom $1.9 MM for not complying with a requirement on the separation of gas transporting activities from those of a supplier.
Avenir LNG places LNG bunker trio with Wilhelmsen Ship Management
London-headquartered global energy supplier for small-scale LNG and gas carrier owner Avenir LNG Limited has awarded the management of three LNG bunker vessels to Wilhelmsen Ship Management.
EU's Simson calls for phase-out of imports of Russian LNG
The European Union must reduce Russian LNG exports and aim to phase them out completely.
Disagreements delay Russian gas hub plans in Turkey
Russia's push to create a "gas hub" in Turkey to replace lost sales to Europe is facing delays because of disagreements over who should be in charge of it.
SOCAR Trading starts LNG trading in Singapore to capture Asian demand
Azerbajian's SOCAR Trading has begun LNG trading in Singapore to capture growing demand in Asia.
India issues tender for gas-fired power to address unusually high power demand
India is seeking bids to supply gas-fired power to address expected periods of unusually high electricity consumption in October and November.
Chevron LNG workers escalate strike action; fault at Australia plant hits output
Unionized workers at Chevron's Australian facilities escalated strike action, when simultaneously a fault at the energy major's Wheatstone plant was discovered that halted about a quarter of its liquefied natural gas production.
Malaysia's Bumi Armada inks deal for LNG development in Indonesia
Malaysia's Bumi Armada said it has signed a deal with a subsidiary of Indonesian energy company Pertamina and natural gas trading company PT Davenergy Mulia Perkasa for development and commercialization of LNG.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- 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
- Toyo awarded EPC contract for Dahej LNG terminal (India)
