economics
Defying war risk, European traders store gas in Ukraine
European gas traders have begun storing natural gas in Ukraine to take advantage of lower prices and available capacity there, regardless of the risks from the ongoing war, three traders and company officials said.
New Fortress to start operations of second, third Fast LNG units in 2025
New Fortress Energy Inc said the second and third production units of its Fast LNG were under construction and it expects operations to begin in the first quarter of 2025.
Venture Global LNG blasts complaints over lack of LNG cargoes
Venture Global LNG on Monday lashed out at some customers signed up to take LNG cargoes from a Louisiana export facility, claiming they "have chosen to misrepresent confidential long-term contracts."
Egypt's natural gas production declines and power cuts bite
Egypt's natural gas production fell to a three-year low in the first five months of 2023, figures from the Joint Organisations Data Initiative show, raising questions about the country's efforts to position itself as a regional energy hub.
German environmental group sues private LNG terminal in Lubmin
A German environmental group said it had filed a lawsuit against a privately operated LNG terminal on the Baltic coast, saying it causes noise pollution and is too small to be exempted from environmental permits.
U.S. natural gas prices up 1% on hot forecasts, strong air conditioning demand
U.S. natural gas futures edged up about 1% on Friday on forecasts for the weather to remain hotter than normal through mid-August, keeping air conditioning demand extremely high, especially in Texas.
U.S. natural gas exports to Mexico hit monthly record in June- EIA
U.S. natural gas pipeline exports to Mexico averaged around a record of 6.8 bcfd in June, driven by hot weather which increased demand in Mexico's electric power sector, according to the Energy information Administration.
Nigeria's Tinubu hails significant new gas-fired power plant
Nigeria began construction of a 1,350 megawatt gas-fired power plant near its capital Abuja, the first major project under President Bola Tinubu, who promised to improve erratic electricity supply and spur sluggish economic growth
Asian LNG spot prices ease slightly as demand remains tepid
Asian spot LNG prices fell slightly this week, as demand in the region remained weak.
Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal
Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power.
ConocoPhillips signs 20-year LNG supply deals with Mexico Pacific
ConocoPhillips has signed 20-year deals to receive a collective 2.2 million tons of LNG a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said.
Japan's nuclear restarts this year to accelerate LNG import decline
Kansai Electric Power's plans to relaunch the last idle reactor at its flagship nuclear plant, capping a year-long series of restarts, will mark an energy shift in Japan with the sharpest drop in LNG imports since the Fukushima disaster.
India's GAIL close to finalizing Qatar LNG purchase deal
GAIL Ltd is close to finalizing a long-term liquefied natural gas import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.
Cheniere tops earnings estimates despite weaker LNG prices
Top U.S. liquefied natural gas exporter Cheniere Energy Inc reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook.
Qatar natural gas production and exports stable as country eyes expansion
In 2021, Qatar was the world’s sixth-largest dry natural gas producer, the second-largest liquefied natural gas (LNG) exporter, and the third-largest holder of natural gas reserves, according to the data in our recently updated Country Analysis Brief: Qatar.
Israel's energy minister favors more natural gas exports
Israel's energy minister said on Wednesday that more of the country's natural gas reserves should be earmarked for export, amid renewed interest in offshore exploration and debate on whether the gas should be kept for domestic use.
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.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- 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™
