economics
Germany’s LNG import terminal build up
The EU Commission has approved a $43.9-MM support measure for the land-based liquefied natural gas terminal at Germany's Brunsbuettel on the North Sea, citing its contribution to the security and diversification of supply.
Equitrans U.S. Mountain Valley natural gas pipe on track for end 2023 completion
U.S. energy company Equitrans Midstream said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018.
REV LNG and HOPA continue LNG bunkering in Hamilton with first european vessel
REV LNG, LLC, a New York-based Liquefied Natural Gas services provider and the Hamilton-Oshawa Port Authority recently provided LNG to the Fure Viten, a Furetank vessel under charter by Petro-Nav Desgagnés.
Venture Global LNG's Calcasieu Pass 2 project gets final U.S. environmental nod
Venture Global LNG's proposed Calcasieu Pass 2 project in Louisiana received the U.S. Federal Energy Regulatory Commission's environmental approval, clearing the way for a final vote by the commission on expanding the company's natural gas liquefaction facility.
TC Energy begins re-pressurizing unaffected pipeline section in Virginia
Canada's TC Energy began re-pressurizing part of its Columbia Gas Transmission Pipeline in Strasburg, Virginia that was not directly impacted by an unplanned incident last week, the company said.
U.S. power generators burn record amounts of natural gas on hottest day of summer
U.S. power generators will likely burn a record amount of natural gas for a second day in a row, the hottest day so far this summer, as homes and businesses crank up their air conditioners to escape a brutal heatwave blanketing much of the country.
Asia's LNG demand ticks higher, but Europe's slips, leaving prices muted
Asia's demand for liquefied natural gas ticked up to the most in six months in July but the small increase was partially offset by declining demand in Europe.
Britain commits to hundreds of North Sea oil and gas licenses
Britain committed to granting hundreds of licenses for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.
Fulkrum lands seven figure deal on Sempra Infrastructure PALNG Phase 1 Project
Leading provider of inspection, expediting, auditing and technical staffing services, Fulkrum, has been awarded a seven-figure contract for the provision of third-party inspection services on Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Port Arthur, Texas.
bp and OMV sign a 10-year LNG supply agreement
bp and OMV announced the signing of a long-term sale and purchase agreement covering supply of up to 1 million tons of liquefied natural gas per year for 10 years from 2026.
EBRD approves extra $180 MM for Moldova gas purchases
The European Bank for Reconstruction and Development has approved additional financing of $180 MM for Moldova to make gas purchases, the EBRD president said.
Strong gas business helps to cushion Eni profit fall
Italian energy group Eni reported a 49% fall in its adjusted net profit in the second quarter because of weaker commodity prices but a strong performance from its gas business helped it to beat forecasts.
Australian state bans gas to new homes from 2024 in push to cut emissions
The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said.
Shell expects Venture Global LNG supply deal to be honored
Top LNG trader Shell expects its agreement with Venture Global LNG to supply liquefied natural gas to be honored, but does not see this happening at the moment, CEO Wael Sawan said.
Italian gas group Snam seeks to tap EU green energy funds
Italy's state-controlled gas grid operator Snam said it expected to get a financial support for some of its projects from the European Union's REPowerEU green energy scheme.
Venezuela-Trinidad gas project talks hit sticking point over terms
Negotiations between Venezuela and Trinidad and Tobago to jointly develop an offshore gas field near the maritime border have hit a sticking point following Venezuela's refusal to accept the terms of a U.S. license, the Caribbean nation's Prime Minister Keith Rowley said.
Nigerians turn to gas to power their generators as petrol prices soar
Nigerians modify their home power generators to run on LPG rather than gasoline.
Shell expects Venture Global LNG sale agreement to be honored
Top LNG trader Shell expects its sale agreement with Venture Global LNG to be honored and does not see this happening at the moment.
Varo Energy secures $3.3 B in boost to biogas goals
Refiner and trader Varo Energy secured $3.33 B in its latest financing round, which will help to fund its sustainable energy projects, including its purchase of a stake in northern Europe’s biggest biogas facility.
Italy's Saipem sees progress towards resuming Mozambique LNG project
Italian energy services group Saipem said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.
Gas producer Wintershall Dea CEO says exiting Russia gets harder by the day
Wintershall Dea's exit from Russia, announced in January, is proving increasingly difficult in an unpredictable business and political environment, Mario Mehren, chief executive of the oil and gas producer said.
Maryland Cove Point LNG feedgas drops after Virginia natgas pipe fire
The shutdown of part of Canadian energy company TC Energy's Columbia Gas Transmission Pipeline in Virginia after a fire has reduced the amount of gas flowing to the Cove Point liquefied natural gas export plant in Maryland, the plant told customers.
EQT in deal with Energy Transfer for Lake Charles LNG export plant
EQT, the biggest U.S. natural gas producer, entered into an liquefied natural gas agreement with U.S. energy firm Energy Transfer's proposed Lake Charles liquefied natural gas export plant in Louisiana.
China policy reform to end losses for city-gas firms on household sales
Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after years of selling piped gas to households at a loss, according to utility officials and analysts.
Europe gas supply looking good this winter, Equinor CEO says
Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves.
Naturgy's profit rises on LNG gains, soothing shareholders
Spanish power utility Naturgy reported an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas business, which could help it to win over restive investors.
Asia, Mideast buyers looking at Indonesia's Tuna gas project
Three to five potential investors from the Middle East and Asia have started assessing the Tuna natural gas project in a possible sale of Russian explorer Zarubezhneft's stake, Indonesia's upstream regulator said.
Eni takes over Chevron's stake in Indonesia deepwater gas project
Eni signed a deal to take over U.S. oil giant Chevron's stake in the Indonesia Deepwater Development gas project, bolstering the Italian company's position in the southeast Asian oil and gas producer.
Indonesia's big gas projects to proceed after global majors sell stakes
Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.
U.S. natural gas prices steady as rising output offsets hot weather forecasts
U.S. natural gas futures held steady as rising output and forecasts for less demand next week offset forecasts for higher demand this week with the weather expected to remain hotter than normal through early August, especially in Texas.
- 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)
