economics
Spot LNG prices languish ahead of seasonal demand uptick
The price of spot liquefied natural gas remains in a pre-winter lull, but there are some signs that demand for the super-chilled fuel is starting its usual seasonal increase.
Chevron Australia, LNG unions to meet for mediated talks
Chevron and unions representing workers at its two Australian LNG facilities will meet for talks after the oil and gas major asked the industrial arbitrator to help close a deal as workers threaten to restart strikes.
BASF first to commercially produce metal-organic frameworks for carbon capture
BASF is the first company to produce metal-organic frameworks on a production scale of several hundred tons per year.
Israel shuts down major offshore gas field amid violence
Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said following three days of violence in the region.
Australia LNG unions threaten fresh strikes next week, Chevron says deal possible
Chevron has asked Australia's industrial tribunal to help resolve a "small number" of issues blocking a deal with unions at its two LNG facilities in Western Australia as workers announced plans to resume strikes next week.
Russia starts gas supplies to Uzbekistan via Kazakhstan
Russia started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV.
Spain's gas imports from Russia fall sharply in August
Spain's gas imports from Russia tumbled 40.7% in August from the same month a year ago as the Iberian country imported 11.2% less gas overall during the month.
French gas operators say supplies sufficient for harsh winter
France will have enough gas supplies for the winter even in the event of severe cold weather in a further indication that Europe's second-biggest economy has managed to diversify its sources from Russia.
Foreign traders boost gas reserves in Ukrainian storage
Foreign traders have increased the volume of natural gas in Ukrainian underground storage to 2.2 bcm as of Oct. 6 from 1.8 bcm in mid-September.
Chevron Australia LNG workers back strike threat in second meeting, no talks
Workers at Chevron's two LNG facilities in Western Australia voted to restart strikes, endorsing a similar move by colleagues at a meeting less than 24-hours earlier.
Asia spot LNG prices retreats from 7-month high on tepid demand
Asian spot LNG prices retreated from a seven-month high as demand remained muted due to warmer weather and as market players did not envisage production losses from the possible return of strikes in Australia.
Vietnam sees no gas from Exxon, Gazprom projects for years
Vietnam expects further years-long delays before offshore blocks being developed by U.S. major Exxon Mobil and Russia's Gazprom will be producing gas.
UAE's ADNOC awards $17 B in contracts for gas project
ADNOC said it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.
Prices down on healthy storage, strong LNG flows
Dutch wholesale gas prices fell morning amid solid European storage levels, high Norwegian supply, strong flows of LNG and mild weather.
RWE CEO says gas supply problems still a risk
Germany must speed up construction of gas import infrastructure to avoid supply squeezes, the CEO of the country's largest utility told news outlet WirtschaftsWoche, adding the risk of soaring energy prices had not been fully contained.
Chevron, Australian unions hit snag in deal, workers to meet for possible strike vote
Efforts to finalize a pact to end strikes at Chevron's two Australian LNG plants hit a snag with unions accusing the U.S. energy major of reneging on commitments and potentially gearing up to resume stoppages.
Moldova introduces free gas transit to Ukraine for winter supplies
Moldovan authorities have enacted regulations calling for free transport of European gas to and from storage facilities in neighboring Ukraine to ensure the country's winter needs are met.
MAIRE awarded $8.7-B contract by ADNOC for the onshore portion of the HAIL and GHASHA development project in Abu Dhabi
MAIRE announces that Tecnimont, part of the Integrated E&C Solutions business unit, signed a Letter of Award with ADNOC for the onshore processing plant of the Hail and Ghasha Development Project.
U.S. exports of natural gas set a record high in the first half of 2023
The United States exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion cubic feet per day (Bf3d), 4% (0.8 Bf3d) more than in 1H22, according to our Natural Gas Monthly.
Moldova could buy Russian gas if conditions are right
Moldova has not used Russian gas since late last year, but it is keeping open the option of buying supply from Gazprom if conditions are right.
MET Group sets up LNG trading office in Singapore
Switzerland-based energy trader MET Group said it has set up an office in Singapore to focus on LNG trading as well as asset investments in what will be its first office in Asia.
Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy's main LNG import terminal.
Niger bans exports of liquefied petroleum gas
Niger has banned all exports of LPG until further notice, the government said in a statement.
bp’s Archaea Energy achieves major milestone, brings online first of its kind RNG plant
bp’s Archaea Energy announced the official startup of its original Archaea Modular Design RNG plant in Medora, Indiana, located next to a landfill owned by Rumpke Waste and Recycling.
Dutch wholesale gas prices slip on storage levels, Norwegian supply
Dutch wholesale gas prices edged lower morning on high storage levels and strong Norwegian supply.
Baker Hughes announces milestone electric-LNG Award for ADNOC Ruwais LNG Export Terminal
Baker Hughes announced it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates.
Freeport LNG seeks to restart more of export plant in Texas (U.S.)
U.S. LNG company Freeport LNG sought permission from federal energy regulators to take more steps to return its export plant in Texas to full commercial operation.
ADNOC and Occidental to advance direct air capture project in the UAE
ADNOC and Occidental announced, today, an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture facility outside the United States.
Gazprom to send 42.3 Mm3 of gas to Europe via Ukraine
Russia's Gazprom said it would send 42.3 Mm3 of gas to Europe via Ukraine on Tuesday, up from 41.2 Mm3 on Monday.
Egypt to resume LNG exports this month, minister says
Egypt, which faces growing demand for gas from its population of 105 million, will resume LNG exports this month as planned.
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
