economics
Italy energy minister sees LNG terminals covering 50% of gas needs
Italy's Environment and Energy Minister Gilberto Pichetto Fratin said that deliveries by ship of liquefied natural gas were a reliable source of energy that could cover 50% of the country's gas needs.
Montauk Renewables, Inc. to develop RNG facility in Orange County, California
Montauk Renewables, Inc., through its subsidiary, Bowerman Power LFG, LLC, announced its planned development of a renewable natural gas landfill gas project in Irvine, CA at the Frank R. Bowerman Landfill.
Gas delivery system sales to grow 8.6% CAGR, $45B market by 2033
The global gas delivery systems market value is estimated to reach $19.3 B in 2023.
Germany, South Africa agree to cooperate on green hydrogen projects
Germany and South Africa y agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa's huge renewable resource potential to meet 2050 net zero targets.
Israel reignites debate on how much natural gas to sell abroad
Israel should urgently examine how much natural gas the country should export to make sure it keeps enough for itself, a senior official at Israel's Finance Ministry said.
Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
Petronas said it has signed a development agreement with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd., to collaborate on a carbon capture and storage project in Malaysia.
LNG-exporting Gulf Coast states drove U.S. natural gas demand growth
U.S. natural gas demand, domestic consumption plus gross exports, increased 43%, or 34.5 bcf/d, from 2012 to 2022.
Copenhagen Infrastructure Partners and Wega form strategic partnership in Finland
Copenhagen Infrastructure Partners through its CI Advanced Bioenergy Fund I announced that it has signed an agreement with Wega Group OY to establish an advanced bioenergy platform in Finland
INEOS Energy charters two LNG carriers to create virtual LNG pipeline from the U.S. to Europe
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said
Pertamina, Petronas aim to replace Shell in Masela project, Indonesia minister says
State energy firms Pertamina and Petronas plan to jointly take over Shell's participating interest in Indonesia's Masela gas project, the Indonesian energy minister said.
Yara postpones clean ammonia IPO after weak valuation
Norway's Yara has postponed a planned initial public offering of its Yara Clean Ammonia business by one or two years due to an unsatisfactory market valuation, the fertilizer maker said in a strategy update.
Wood and Centrica Storage explore low-carbon hydrogen production hub
Wood is working with Centrica Storage to evaluate the feasibility of transforming its Easington gas processing terminal to a low-carbon production hub.
Cheniere signs LNG supply deal with China's ENN
Cheniere Energy said it will supply 1.8 million tons of liquefied natural gas per annum to China's ENN Natural Gas for over 20 years.
Shell resumes maintenance at key Norway gas terminal
Shell has resumed maintenance work at Norway's Nyhamna gas processing plant, which had been postponed last week due to a problem with the facility's cooling systems, the company said in a statement.
U.S. natural gas falls 3% on lower demand forecast, drop in European prices
U.S. natural gas futures fell about 3% on forecasts for less demand next week than previously expected due in part to a drop in the amount of gas flowing to liquefied natural gas export plants and a drop in European gas prices.
Netherlands to end Groningen gas production by Oct 1
Gas production at the Netherlands' Groningen field will end by Oct. 1, the government said, as it kept its promise to rapidly cease already minimal extraction to limit seismic risks in the region.
U.S. Mountain Valley natgas pipe moving forward, capacity may be limited
The $6.6-B Mountain Valley natural gas pipeline from West Virginia to Virginia is on track to get final permits by Saturday, moving the long-delayed project closer to re-starting construction.
Eni sees synergies of up to $1 B from Neptune acquisition
Italian energy group Eni said that synergies from the $4.9-B acquisition of private-equity backed Neptune Energy could reach $1 B as the two groups integrate their operations across key geographies.
Netherlands increases subsidies for green hydrogen production
The Dutch government said it will increase subsidies for the production of hydrogen from renewable sources of energy, known as 'green hydrogen', by €1 B next year and another €3.9 B in the years after.
Venture Global LNG signs 20-year contract with German energy firm
U.S. liquefied natural gas developer Venture Global LNG said it had signed a 20-year deal to provide Germany's Securing Energy for Europe GmbH with 2.25 mpta of LNG.
Australia's Tamboran signs deals to supply LNG to bp and Shell
Australia's Tamboran Resources announced two non-binding agreements to supply 4.4 million tons of liquefied natural gas a year to bp and Shell from its proposed Northern Territory LNG project.
Energy Dept. refuses Energy Transfer's rehearing request for LNG project
The U.S. Department of Energy will not rehear pipeline operator Energy Transfer's request for a second extension of its Lake Charles liquefied natural gas export project.
Israel's gas reserves grew by 40% over past decade
Israel's natural gas reserves have grown by 40% over the past decade due to increased drilling and exploration activities, an industry report said, even as production soared.
U.S. natural gas eases 1% on lower demand forecasts, ahead of storage report
U.S. natural gas futures eased about 1% on forecasts for lower demand next week due in part to ongoing work at several U.S. liquefied natural gas export terminals that is keeping the amount of gas flowing to the plants low.
Germany builds up LNG import terminals
Deutsche ReGas has sub-chartered a second floating storage and reception unit for liquefied natural gas for the Mukran terminal project in the Baltic Sea, with its LNG to flow to onshore grids via the nearby port of Lubmin from next winter.
Russia gas flows through Ukraine could stop next year
Russia could shut off one of the last arteries carrying Russian gas to Europe by the end of next year when Ukraine's supply contract with Gazprom expires citing an interview with Ukraine energy minister German Galushchenko.
Engie bets on Korean demand with $7-B Oman green ammonia project
French energy company Engie was awarded a land parcel in Oman, in the first step towards its plan to build an integrated renewable ammonia plant there and export 1.2 million tons of the green fuel to South Korea by the mid 2030s.
Cheniere signs LNG supply agreement with Equinor for Sabine Pass expansion
Cheniere Energy has entered into a long-term agreement with Norway's Equinor to supply 1.75 million tons of liquefied natural gas per annum, it said.
OMV Petrom greenlights Neptun Deep Black Sea gas project
Romania's OMV Petrom will develop the long-awaited Neptun Deep Black Sea gas project and expects first output by 2027, it said on Wednesday as it announced its final investment decision.
- 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
