economics
Australia's LNG exports may have to be diverted to fend off winter gas shortage
Australia's east coast liquefied natural gas (LNG) exporters may need to divert excess gas supply for domestic customers to stave off any potential supply shortages this winter in the country's south
GET Baltic Gas Exchange to become part of EEX group
The European Energy Exchange (EEX) on Thursday said its acquisition of 66% of the shares of smaller sector peer GET Baltic was approved by GET's owner, Amber Grid, paving the way for EEX to extend its eastwards reach.
H-TEC SYSTEMS to deliver electrolyzer for Norwegian-Danish cooperation for green production of liquid biogas
H-TEC SYSTEMS delivers PEM electrolyzers to Norwegian-Danish joint venture. Innovative cooperation in wind power, electrolysis and liquid biogas (LBG) between Norwegian Hydrogen and energy entrepreneur Jens Peter Lunden
TotalEnergies launches integrated engineering studies
TotalEnergies, operator of the project, announces the launch of the fully integrated Front-End Engineering and Design for the Papua LNG project.
Golar closes acquisition of New Fortress Energy stake in FLNG Hilli
The agreement to acquire New Fortress Energy Inc.’s interest in FLNG Hilli has closed.
Cedar LNG receives B.C. environmental approval and signs memorandum of understanding with ARC Resources Ltd.
The Haisla Nation and Pembina Pipeline Corporation are pleased to announce that Cedar LNG today has received its Environmental Assessment Certificate from the B.C. Environmental Assessment Office and has signed a Memorandum of Understanding with ARC Resources Ltd. for a long-term liquefaction services agreement.
Wave of new LNG export plants threatens to knock gas prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.
U.S. natural gas consumption sets 9 month record and an annual record in 2022
In 2022, US natural gas consumption averaged a record 88.5 billion cubic feet per day (Bft3d)—the highest annual natural gas consumption, according to records beginning in 1949.
Driven by petrochemical capacity builds, U.S. ethane increased 9% in 2022
In 2022, U.S. ethane demand increased by approximately 9%, or almost 0.2 MMbpd, according to the U.S. EIA's Petroleum Supply Monthly.
US nat gas futures ease 1% to 2-wk less cold forecasts
U.S. natural gas futures slid about 1% to a two-week low on Friday on forecasts for less cold weather and lower heating demand over the next two weeks than previously expected.
LNG to lead U.S. natural gas exports
Exports of LNG will continue to drive growth in U.S. natural gas exports over the next two years, according to the U.S. EIA.
Natural gas essential to the energy transition says Australian PM
New gas projects will play a role in the energy transition, Australian Prime Minister Anthony Albanese said, as his administration seeks to pass a reform to an emissions reduction bill amid growing pressure to ban new fossil fuel projects.
Novatek needs to find more natural gas for LNG plans
Russian Deputy Prime Minister Alexander Novak said on Tuesday the country needed to identify the resource base for about a third of its planned annual production of 100 MMt of liquefied natural gas (LNG) per year.
Braskem Idesa and Advario partner to build a new, $400-MM ethane export terminal in Mexico
Braskem Idesa and Advario partner to build a new, $400-MM ethane export terminal in Mexico
Tellurian chairman's shares sold to cover loan
U.S. LNG developer Tellurian said over $25.3 MM worth of its shares belonging to Executive Chairman Charif Souki were transferred and sold over the last month to cover a loan, securities filings showed.
Asian spot LNG prices continue to decrease
Asian spot LNG prices continued their downtrend this week, hitting the lowest level since July 2021, due to tepid demand which is expected to last until the end of March.
Germany LNG import bill to eclipse $10 B
Germany said that new infrastructure for floating LNG terminals will exceed previously expected costs, forewarning taxpayers that there will be a price to pay for energy security.
U.S. nat gas futures rose 3% on more feedstocks flowing to LNG terminals and increased heating demand
U.S. natural gas futures rose about 3% to a five-week high on Friday, with the amount of gas flowing to U.S. LNG export plants set to hit a daily record high and on forecasts for colder weather and higher heating demand in two weeks than previously expected.
India's NSE receives regulatory okay for natural gas futures
India's National Stock Exchange (NSE) said that the country's market regulator has approved the launch of rupee-denominated NYMEX crude oil and natural gas futures contracts in its commodity derivatives segment.
Enbridge to invest $2.4 B in natural gas and renewable power in 2023
Enbridge will invest $2.42 billion in natural gas and liquids infrastructure and in renewable power this year.
CAPP forecasts upstream oil/gas production to reach nearly $30 B in 2023
The Canadian Association of Petroleum Producers (CAPP) said it expects oil and natural gas investment in upstream production will reach C$40 B ($29.4 B) in 2023, surpassing pre-COVID levels.
Tellurian faces setback in $12.5-B Driftwood LNG project
Commodities trader Gunvor can walk away from a 10-year, $12 B commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by March 1.
Venture Global to provide LNG to Excelerate Energy from its Plaquemines LNG plant in Louisiana
Venture Global LNG said it would supply 700,000 tpy of LNG to Excelerate Energy for 20 years.
Enagas purchases gas pipeline network from Reganosa
Spanish grid operator Enagas has bought a 130-km gas pipeline network from energy firm Reganosa while selling the latter a 25% stake in its El Musel regasification plant in northern Spain.
WFW advises Hoegh LNG on refinancing options for German FSRUs
Watson Farley & Williams advised Höegh LNG on the refinancing of the Höegh Esperanza and Höegh Gannet FSRUs that will service Germany’s new FLNG terminals in the North Sea ports of Wilhelmshaven, Lower Saxony and Brunsbüttel, Schleswig-Holstein.
bp confirms Phase 2 of the Greater Tortue Ahmeyim LNG project
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.
CNPC shuffles regional offices to better support global portfolio
China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.
Asian LNG spot prices fall to lowest level since July 2021
Asian spot LNG prices eased this week, extending declines to its lowest since July 2021, as demand from key buyers in northeast Asia remain weak.
ADNOC looks to raise up to $2 B from IPO of gas unit
Abu Dhabi National Oil Co (ADNOC) said it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 B and give ADNOC Gas an equity valuation of $47 B-$50.8 B.
Cheniere Energy doubles revenue on surging LNG demand
Cheniere Energy said its full-year revenue more than doubled and also topped analysts' estimate on surging demand for the commodity since Russia's invasion of Ukraine.
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Toyo awarded EPC contract for Dahej LNG terminal (India)
