economics
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.
TC Energy sells 40% stake in Columbia Gas Transmission pipelines to GIP for $4 B
Canada's TC Energy, best known for its Keystone oil pipeline, will divest a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for $3.95 B to Global Infrastructure Partners.
Venezuela expects to sign gas licenses by year-end
Venezuela expects to sign licenses by year-end for developing the nation's vast natural gas reserves, oil minister Pedro Tellechea said, even amid U.S. sanctions.
Spain activates all its gas plants to cope with heatwave
Spain had to resort to all available gas plants to cope with growing electricity demand triggered by the scorching temperatures in recent days.
Russia's Putin approves departure of Arctic LNG 2's first line to production site
Russian President Vladimir Putin approved Arctic LNG 2's first line departure via the Northern Sea Route from the Murmansk region to its future production site on the Gydan peninsula, the Kremlin said.
Cheniere Energy's Sabine Pass LNG plant returns to normal
Cheniere Energy Inc's Sabine Pass LNG export facility returned to normal processing levels following an outage at one of its units.
Argentina turns away Gunvor-chartered LNG tanker, citing sanctions
A tanker containing liquefied natural gas that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa.
Novatek set to oust Gazprom as Russia's top gas supplier to Europe
Increased supplies of liquefied natural gas from Russia's Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country's leading fuel supplier to Europe.
German town opposed to LNG terminals asks for operator's finances to be checked
The German resort town of Binz has asked anti-money laundering authorities to investigate the capital of Deutsche ReGas, operator of a planned liquefied natural gas terminal which the town opposes on environmental grounds.
U.S. natural gas prices ease on forecasts for less demand next week
U.S. natural gas futures eased about 1% on forecasts for less demand next week than previously expected.
Wary of 2022 crisis, Asian buyers to build strategic gas reserves
Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year's energy crisis that sent global prices soaring to a record.
Sinopec natural gas output rises in H1, petrochemicals output lags
Chinese state-owned energy giant Sinopec's natural gas production in the first half of 2023 rose 7.6% from a year before to 666.1 billion cubic feet.
Egypt aims to resume gas exports by October
Egypt is targeting a resumption of liquefied natural gas exports by October at the start of autumn.
Fluor reaches significant milestone on LNG Canada Project
With the arrival of the last module by ship from its fabrication yard in Zhuhai, China, Fluor Corporation announced today that it has completed the module fabrication program on the LNG Canada project in Kitimat, British Columbia, Canada.
Bangladesh in talks with Malaysian firm for LNG supply
Bangladesh is in talks with a Malaysian firm to secure more supplies of liquefied natural gas, industry sources said, as the South Asian country looks to meet demand for power.
UAE'S ADNOC Gas agrees to $7-$9 B 14-year LNG agreement with Indian Oil Corp
Abu Dhabi's ADNOC Gas announced a 14-year $7-$9-B deal with Indian Oil Corp to supply 1.2 million metric tons of liquefied natural gas per year, ADNOC said in a statement.
Cheniere Energy eyes new gas pipeline to feed LNG expansion
Cheniere Energy Inc, the largest U.S. liquefied natural gas exporter, says it may build a new pipeline to link its Louisiana expansion project to other pipelines in major shale-gas producing regions as it seeks to diversify its risk.
Tuscan LNG terminal to be moved offshore by 2026
A liquefied natural gas vessel moored in the Tuscan port of Piombino will be moved off the coast of Vado Ligure and Savona in Italy's northwestern region of Liguria, the president of Liguria said.
Japan PM Kishida in Qatar for LNG talks
Japanese Prime Minister Fumio Kishida arrived in major gas-producer Qatar for the final leg of a Gulf tour that has focused on securing energy supplies and promoting Japanese high-tech.
Finland's Gasum resumes LNG purchases from Russia's Kryogaz
Finnish energy provider Gasum has resumed liquefied natural gas purchases from the Kryogaz-Vysotsk plant controlled by Russia's Novatek, Gasum said and Refinitiv ship-tracking data showed.
U.S. natural gas prices climb 4% as brutal heatwave lingers
U.S. natural gas futures climbed about 4% on forecasts for the weather to remain hotter-than-normal through early August, especially in Texas.
World’s top LNG players push for more, but greener, gas investments
Current investments in gas infrastructure are falling short of what is needed, officials at an industry conference in Japan said, citing the role they say the fuel has to play in both global energy security and the transition to net zero.
U.S. gas system investments: Stranded assets or stranded customers?
Natural gas still heats the water and cooks evening meals in housing at California State University's Monterey Bay campus - but under plans for a multimillion-dollar electrification project, the fuel could soon be a thing of the past.
Russian piped gas exports to Europe July 1-15 jump 28% m/m
Pipeline natural gas exports to Europe by Russia's Gazprom in the first half of July rose by 28% from June's average, reaching 2023 highs, according to Reuters calculations based on volumes supplied via Ukraine and TurkStream.
China-U.S. climate progress could hinge on curbing of methane
This week's visit by U.S. climate envoy John Kerry to China after years of diplomatic disruptions could boost cooperation between the world's two biggest greenhouse gas polluters on the key issue of methane emissions.
U.S. natural gas prices ease to 3-wk low on rising output, less hot forecasts
U.S. natural gas futures eased about 1% to a fresh three-week low on rising output and forecasts for less hot weather over the next two weeks than previously expected.
EU considers gas imports from Argentina
The European Union is considering possible gas imports from Argentina, which is a net gas importer but plans to expand domestic production, a draft document showed.
Vietnam's big bet on LNG may not ease its power crisis
Vietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country's long-running power shortages.
Chevron opted to buy vs build US LNG processing
Chevron Corp is comfortable with buying U.S. liquefied natural gas on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company's head of global gas.
