economics
Japan's Mitsui says no plans to exit Russia's Sakhalin-2 LNG project
Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas project in Russia, a senior executive said, adding the operation was continuing super-chilled fuel exports to Japan.
Malaysia's MISC Group to develop ammonia engines for ships
Malaysian logistics company MISC Group has signed an agreement to develop ammonia engines for ships, marking a step towards zero-emission shipping operations, the company said.
South Africa partners with Dutch, Danish governments on green hydrogen fund
South Africa and the governments of the Netherlands and Denmark launched a $1-B green hydrogen fund to help kick-start an industry seen as critical to the country's decarbonization efforts.
Russia's Novatek seeks rights for gas export from planned Murmansk LNG plant
The head of Russia's largest liquefied natural gas producer Novatek said the company is pushing for changes to the gas export law so that its future Murmansk LNG plant will be able to sell LNG abroad, TASS news agency reported.
Norway May gas output declines more than expected
Norway's crude oil and gas output fell in May from the previous month, with gas production lagging official forecast while oil exceeded expectations, Norwegian Petroleum Directorate said.
Qatar strikes second big LNG supply deal with China
Qatar secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha's massive production expansion project.
Asia thermal coal prices get the blues from Europe and LNG
Seaborne thermal coal prices in Asia have slumped to the lowest in two years as weakening demand in Europe and falling liquefied natural gas prices outweigh strong demand in the top-importing region.
Cyprus changes tack with plan for Mediterranean gas link to Israel
Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters.
Cheniere liquified natural gas plant reduces feedgas intake
U.S. liquefied natural gas exporter Cheniere Energy Inc has reduced feedgas intake and LNG output at its Louisiana facility during maintenance, according to two people familiar with the matter.
Petrobangla to sign 10-year LNG deal with Oman Trading International
Bangladesh's state-owned company Petrobangla is set to sign a long-term supply deal for additional stocks of LNG from Oman Trading International, an official at Petrobangla said.
Uzbekistan to buy 2.8 bcm of Russian gas per year
Uzbekistan will start importing 9 mcm of Russian natural gas daily from Oct.1 under a deal it has signed with Russia's Gazprom, the Central Asian nation's energy ministry said.
thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera
thyssenkrupp launched the long-awaited listing of its hydrogen division Nucera, suggesting its new chief executive intends to waste no time in reviving the fortunes of the embattled conglomerate.
U.S. grapples with how clean is green hydrogen
Signed into law last year, the Biden administration’s Inflation Reduction Act will plough almost $400 B into clean energy projects and a large part of that will finance a tiered subsidy for emission-free hydrogen production.
Norway gas output lower than planned due to Shell outage, Gassco says
Norway's overall gas production will be lower than planned in the coming weeks due to an extended outage at Shell's Nyhamna processing plant, gas infrastructure operator Gassco said.
Australia's AGL, Senex Energy sign big gas supply deal
Australian gas producer Senex Energy, owned by South Korean steel giant Posco, has entered into an agreement to supply 42 petajoules of gas to the country's top power producer AGL Energy, the companies said.
Edison opens 'strategic' hydrogen-ready power plant near Venice
Italian energy group Edison inaugurated a new lower-emissions gas power station near Venice which in the future should also run on a hydrogen-gas mix that should be even less pollutant.
Asian spot LNG prices rise to at 3-month high tracking European prices
Asian spot LNG prices reversed their multi-week downward trend and rose to a three-month high this week, tracking European gas gains and as high temperatures in north-east Asia increased cooling demand.
Japan's May LNG imports plunge on rising nuclear, healthy stockpiles
Imports of LNG to Japan fell in May by 20%, data from the Ministry of Finance showed, as rising nuclear power usage and ample stockpiles reduced purchasing needs.
Varo Energy acquires second biogas firm in 2023
European refiner and trader Varo Energy is acquiring biogas supplier Renewable Energy Services, its second deal this year in a sector which is expected to grow rapidly as economies seek to reduce carbon emissions.
Indonesia's PGN to supply gas to Lotte Chemical petrochemical plant
Indonesia's state-controlled gas company Perusahaan Gas Negara said it would supply natural gas to a petrochemical plant operated by a unit of South Korea's Lotte Chemical Corp .
Phillips 66 completes acquisition of DCP Midstream, LP common units
Phillips 66 and DCP Midstream, LP completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 B, increasing its economic interest in DCP Midstream to 86.8%.
Spain's energy firms look to central Europe markets for green hydrogen deals
Spanish oil company Cepsa signed on Wednesday two agreements aimed at shipping green hydrogen between Spain and the Netherlands, a day after renewable energy giant Iberdrola took a similar step.
Pakistan approves LNG purchase deal with Azerbaijan
Pakistan approved a LNG purchase agreement framework with Azerbaijan, its finance ministry said.
TotalEnergies buys $219-MM stake in LNG developer NextDecade
TotalEnergies will buy a 17.5% stake in U.S. liquefied natural gas developer NextDecade for $219 MM, the French group said, part of a broader deal to enable the Texas company's Rio Grande LNG export project to proceed.
Hydrogen hype meets hard realities for Tasmania's global ambitions
Hydrogen has been hyped as offering perhaps the greatest hope of a renewable energy to replace fossil fuels, and Australia's island state of Tasmania is lauded as one of the best places to develop the new industry.
Ren Portgás powers up for decarbonization with Synergi Gas Automated Model Builder
REN Portgás upgraded to Synergi Gas Automated Model Builder to prepare for the new energy mix as Portugal transitions to a more sustainable future.
CPGC and BASF accelerate onboard CO2 capture system development
CSSC Power Co., Ltd. and BASF have formed a solid cooperation to expedite the progress of onboard carbon capture system for commercial maritime applications.
Mitsui O.S.K. Lines enters strategic investment agreement with Delfin
Mitsui O.S.K. Lines announced that it has entered into a strategic investment agreement with Delfin Midstream Inc enabling Delfin to accelerate clean low-cost LNG exports from North America to customers around the world.
A sustainable solution to reduce Europe’s reliance on natural gas
This analysis shows that Europe will need to reduce natural gas demand by 55 Bm3 this year alone to mitigate against a potentially colder winter, a possible end to Russian supplies or rebounding Asian demand. This comes at a time when Europe has little bandwidth for additional energy rationing without sustaining a steeper slowdown in economic activity.
Iraq to pay $2.76 B in gas and electricity debt to Iran
Iraq has agreed to pay about $2.76 B in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said.
- 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
