economics
Ukraine builds up 14 bcm of gas in storage ahead of winter
Ukraine has built up around 14 bcm of gas in its storage facilities and does not plan to import gas in the 2023/24 heating season.
bp urges more gas and oil investment while speeding energy transition
Global oil major bp said the world must invest in the production of gas and oil to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.
Asia LNG loses some strike froth, but fundamentals are supportive
Spot prices of LNG retreated in Asia as the threat of imminent strike action at three Australian plants eased, but solid fundamentals are keeping prices elevated for future deliveries.
Asian spot LNG prices fall as Woodside averts strike
Asian spot LNG prices eased from five-month highs, after workers at Australia's Woodside Energy ruled out the possibility of striking work, bringing some calm to a market hit by extreme volatility in recent days.
Woodside, unions reach deal at Australian LNG facility, workers meet to ratify
Woodside Energy reached an in-principle agreement with unions at Australia's LNG project, potentially averting a disruption to supplies from one of the world's biggest exporters of the super-chilled fuel.
U.S. power system gets gasier, but not much cleaner, in 2023
U.S. power producers increased output of electricity from natural gas by more than from clean power sources in the opening eight months of 2023, as electricity firms grappled with low wind speeds and heavy demand from power-hungry air conditioners.
Gazprom's first LNG cargo via Arctic destined for China's Jingtang
An LNG cargo from Russia's Gazprom being sent via the Northern Sea Route for the first time is destined for the Chinese port of Jingtang.
Czech government agrees to buy main gas storage firm from RWE
The Czech government has agreed to buy the main Czech gas storage company RWE Gas Storage CZ from Germany's RWE to bolster energy security after Russia's invasion of Ukraine.
Japan utilities LNG stockpiles slump as hot summer lifts air-conditioner demand
LNG stockpiles held by Japanese electric utilities hit more than one-year lows, as the hot summer drives usage of air-conditioners and typhoons delay cargoes, data released by Japan's industry ministry showed.
Australia strikes may impact short-term LNG prices
Global gas prices could rise in the short term if strikes at Australia's LNG plants take place, but markets are well balanced now with inventory levels keeping high in North Asia and Europe.
Energy Transfer seeks new LNG export license after extension denied
Pipeline operator Energy Transfer requested a new and expedited export license for its proposed Lake Charles, Louisiana, LNG plant, according to a filing with the U.S. Department of Energy.
Asian buyers may seek U.S. LNG if Australia worker disputes worsen
Major Asian buyers of LNG could seek U.S. cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate.
Cheniere Energy strikes LNG supply deal with BASF
Cheniere Energy said it would supply 800,000 tpy of LNG to Germany's BASF.
U.S. natural gas groups oppose federal plan to eliminate methane leaks
U.S. natural gas trade groups on Wednesday opposed federal pipeline regulators' proposed methane leak detection rules to address the climate-change crisis.
Workers begin strike vote at Chevron's LNG facilities in Australia
Chevron faces the prospect of work stoppages or even an all-out strike at Australia's second largest LNG plant at Gorgon and at its Wheatstone operations after voting opened for a union ballot.
Hungary will receive LNG from Qatar starting in 2027
Hungary can begin to receive shipments of LNG gas from Qatar in 2027, said Hungarian Foreign Minister Peter Szijjarto.
Russia's Arctic-2 LNG set to start production during 2023
Russia's Arctic-2 LNG project, in which China's CNOOC Ltd holds a 10% stake, is proceeding as planned with first phase to start operation during this year, senior company executives said.
EU gas storage reaches 90% target ahead of Nov. 1 deadline
Gas storage in the European Union has already reached 90% well ahead of a Nov. 1 deadline to reach the level, the European Commission said.
Poland's Orlen, Gaz-System sign gas deal for planned terminal
Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 LNG cargoes per year at a planned floating gas terminal.
Asian spot LNG prices rise to 5-month high on Australian strikes risk
Asian spot LNG prices rose this week to the highest level in five months, as the risk of possible industrial action at some Australian LNG facilities raised concerns over supply.
ABB and Samsung Engineering to collaborate on gas analyzers for Saudi Arabia’s energy industries
ABB has signed a framework agreement with Samsung Engineering in Saudi Arabia to collaborate in engineering and procurement activities in the Kingdom.
Spain's gas imports fall 20% in June from year ago, less Russian gas
Spain's natural gas imports fell 20% in June from a year ago to an equivalent of 28,622 gigawatt-hours, government data showed.
German government to examine finances of private LNG operator
The German government will examine the finances of Deutsche ReGas, the operator of a planned LNG terminal on the Baltic coast opposed by local authorities.
Abu Dhabi's ADNOC Gas signs 5-yr LNG supply deal with Japex
Abu Dhabi's ADNOC Gas said it has signed a five-year deal to supply LNG to Japan Petroleum Exploration Co.
U.S. natural gas futures rise as traders brace for storage report
U.S. natural gas futures rose in the run up to a federal report expected to show a smaller than usual storage build last week as hotter weather boosted cooling demand.
Worker disputes at Australian LNG producers roil global gas market
Woodside Energy Group and U.S. major Chevron are locked in a dispute overpay and job security with about 700 workers at four facilities in Australia that produce more than a tenth of the world's LNG.
Woodside, unions remain at odds over wages at Australia's largest LNG facility
Woodside Energy said "positive progress" was being made on wage disputes at Australia's largest LNG facility even as a union alliance said key differences remained ahead of further talks.
Russian piped gas exports to Europe up 4.5% in August
Pipeline natural gas exports to Europe by Russia's Gazprom rose 4.5% in the first half of August from July's average, remaining at the maximum levels of this year, according to calculations based on volumes supplied via Ukraine and TurkStream.
U.S. natural gas pipeline exports to Mexico set a monthly high in June 2023
U.S. natural gas pipeline exports to Mexico averaged a record 6.8 billion cubic feet per day (Bcf/d) for June 2023, which is 0.1 Bcf/d greater than the previous record set in June 2021.
Turkmenistan rebukes Russia over 'gas union' comments
Turkmenistan warned Russia against trying to extend its influence over the Central Asia-China natural gas supply chain after Moscow said more countries could join its "gas union" with Kazakhstan and Uzbekistan.
- 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)
