economics
Energy Transfer signs deals for Louisiana Lake Charles export plant
U.S. energy company Energy Transfer entered three non-binding agreements to sell liquefied natural gas from its proposed Lake Charles export plant in Louisiana.
Saudi Arabia's PIF signs MoU with France's Engie for green hydrogen projects
Saudi Arabia's Public Investment Fund signed a memorandum of understanding with French energy company Engie for green hydrogen projects, the PIF said in a tweet.
NextDecade makes final investment decision on Rio Grande LNG Phase 1
Liquefied natural gas firm NextDecade said it has made a positive final investment decision to construct the first three liquefaction trains at its Rio Grande LNG export facility.
Ksi Lisims LNG chooses Siemens Energy for low-carbon electrical compression design
The Ksi Lisims LNG project has awarded Siemens Energy a contract to assist with designing the project’s liquefaction compression and associated electrical systems.
U.S. natgas prices down 3% as low LNG feedgas offsets impact of extreme heat
U.S. natural gas futures slid about 3% as maintenance work limits the amount of gas flowing to the country's liquefied natural gas export plants.
Shell on track for restart of Norway's Nyhamna gas terminal
Shell is on track to restart its Norwegian Nyhamna gas processing plant on July 15, which has been shut down since mid-May, the company said.
H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”
Sempra expects US to approve permit extension for Cameron LNG plant
Sempra Infrastructure likely will ask the U.S. Department of Energy for an export license extension for its Cameron LNG facility expansion, President Dan Brouillette said.
Algeria's Sonatrach says it honors all gas contracts with Spain -company chief
Algerian state energy producer Sonatrach has honored all gas contracts with Spain, whatever the circumstances, Chief Executive Tewfik Hakkar said.
Uniper chief says flexible duration LNG contracts key for Europe
Shorter-duration contracts for LNG purchases will be important for Europe's diversifying supply given uncertainty about long-term gas demand, the new chief executive of German utility Uniper said.
Cheniere shunning Panama Canal for longer LNG routes to Asia
Top U.S. LNG exporter Cheniere Energy is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal.
Chinese cities raise residential gas prices after policy reform
Chinese cities have been raising residential natural gas prices in recent weeks after Beijing launched a new mechanism linking retail residential gas prices with distributors' fuel purchasing costs, a reform long sought by utilities.
UK's Centrica and Delfin Midstream sign 15-year US LNG supply deal
British Gas parent firm Centrica has signed a 15-year liquefied natural gas supply agreement with U.S.-based Delfin Midstream, the companies said.
Equitrans weighing options as court blocks U.S. Mountain Valley project
U.S. energy company Equitrans Midstream said it is evaluating all legal options, including an emergency appeal at the U.S. Supreme Court, after an appellate court halted construction of the West Virginia-Virginia Mountain Valley natural gas pipeline in the Jefferson National Forest.
U.S. natgas prices up 1% as hot weather boosts cooling demand
U.S. natural gas futures edged up about 1% to a one-week high on a drop in daily output and forecasts for hotter-than-normal weather to continue through late July, especially in Texas.
Global liquefied natural gas trade volumes set a new record in 2022
In 2022, global trade in liquefied natural gas set a record high, averaging 51.7 bcf/d, a 5% increase compared with 2021.
India's gas regulator pitches for building natural gas storage
India should build storage for natural gas to boost the use of cleaner fuel in the country and hedge against global price volatility, A. K. Jain, chairman of the Petroleum and Natural Gas Regulatory Board, said.
Japan gas lobby looks to PM's Middle East trip for stable supply
Japan Gas Association Chairman Takahiro Honjo said he hoped that Prime Minister Fumio Kishida's planned Middle East trip this month will help Japan ensure stable supplies of liquefied natural gas and other fuels.
Next wave of North American LNG export projects to face labor challenges
A coming wave of North American liquefied natural gas export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers.
Shell warns of big drop in gas trading results
Shell, the world's biggest liquefied natural gas trader, said second-quarter gas trading results were expected to come in "significantly lower" quarter-on-quarter, though in line with the previous two years' second quarters.
German town threatens legal action over fast-track LNG
A German resort town said it will take legal action against the federal government's plans to build liquefied natural gas terminals off the Baltic Sea coast after the parliament passed a reform to speed up the process.
Brazil's Eletrobras to sell gas-fired power plants
Brazilian power company Eletrobras has begun structuring a process to sell its gas-fired power plants, in line with a goal of reaching net-zero carbon emissions, it said.
Thailand's PTT in advanced talks with Qatar for LNG deal
Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas supply deal.
Trinidad and Tobago signs preliminary LNG agreement with Suriname
Suriname said it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago.
Canada's first LNG terminal in 'encouraging' talks with British Columbia on electrification
The CEO of LNG Canada, the Shell-led liquefied natural gas export project in British Columbia, said discussions with the province about electrifying a second phase of the terminal have been "encouraging" but building new power transmission infrastructure remains a long way off.
Europe’s gas storage is filling too fast
Europe’s gas storage is filling more slowly after prices fell sharply in the first half of the year, but a further slowdown will be needed to prevent space running out before the start of winter 2023/24.
Baker Hughes to supply 3 liquefaction trains for NextDecade’s Rio Grande LNG Project
Baker Hughes announced it has been awarded an order by Bechtel Energy Inc., to be booked in the second quarter of 2023, to supply three Main Refrigerant Compressors for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
China imports more LNG but not enough to drive spot prices
China's imports of liquefied natural gas rose to a five-month high in June but tepid demand in the rest of the top-importing continent has kept a lid on spot prices.
Italian court further delays decision on Tuscan LNG terminal
An Italian administrative court has postponed until Dec. 20 a decision on whether a liquefied natural gas terminal in the Tuscan port of Piombino meets all safety requirements, the city's mayor said.
U.S. June LNG exports fall 10% on maintenance cuts, weaker demand
U.S. exports of liquefied natural gas fell 10% in June to 6.82 mt, from 7.58 mt the previous month, as plant maintenance curbed output and European demand slid, according to preliminary data.
- 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)
