economics
Trinidad asks U.S. for changes to Venezuela gas project license
Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said.
Asian spot LNG prices slip for sixth straight week
Asian spot LNG prices fell for the sixth straight week to their lowest level in more than two years, while European LNG prices also declined on weak demand and high inventories.
U.S. natgas futures drop 4% on record output ahead of storage report
U.S. natural gas futures dropped about 4% on record U.S. output and rising exports from Canada.
Equinor says leak at Hammerfest LNG plant stopped
A gas leak at Norway's Hammerfest liquefied natural gas plant has been stopped and normalization is underway, but it is too soon to say when production will resume, Equinor said.
Russia's Sibur switches to yuan for LPG settlements with China
Sibur, Russia's largest LPG exporter, in 2022 switched fully to conducting financial settlements with China in yuan, Russia's state news agency cited a top manager at the company as saying.
FERC approves TC Energy's US-Mexico North Baja natgas pipe expansion
Canadian energy company TC Energy Corp's North Baja Pipeline LLC unit has received permission from U.S. energy regulators to put the North Baja natural gas pipeline expansion in Arizona and California into service.
Tanzania to review approval of $42-B LNG project in June
Tanzania's government said it had completed negotiations with the investors of its $42-B liquefied natural gas project, with the agreements set to be reviewed for approval next month.
U.S. natgas futures up 2% to 1-week high with warmer weather coming
U.S. natural gas futures rose about 2% to a one-week high on forecasts for warmer than normal weather in mid June that should boost air conditioning demand.
TotalEnergies and TES join forces to develop a large-scale e-NG production unit
Tree Energy Solutions is joining forces with TotalEnergies to study and develop a large-scale production unit in the United States for e-natural gas (e-NG), a synthetic gas produced from renewable hydrogen and CO2.
Eastward gas flows halt on Yamal-Europe pipeline
Eastward natural gas flows on the Yamal-Europe pipeline to Poland from Germany stopped after briefly resuming, data from operator Gascade showed.
Plug Power plans $6-B hydrogen projects in Finland
Plug Power Inc, a U.S. maker of hydrogen fuel systems, said it aims to build three plants in Finland costing some $6 B to produce green hydrogen and ammonia for the European market.
QatarEnergy to sign long-term LNG supply deal with Bangladesh
QatarEnergy will sign a long-term LNG supply deal with Bangladesh's state-owned gas company Petrobangla, the second Asian sales deal to be sealed for Qatar's North Field expansion project.
U.S. natgas futures drop 4% on record U.S. output, lower demand forecast
U.S. natural gas futures dropped about 4% on record U.S. output and forecasts for milder U.S. weather and lower demand over the next two weeks than previously expected.
Biden, McCarthy debt deal would speed up Mountain Valley gas pipeline
U.S. energy company Equitrans Midstream Corp's long-delayed $6.6-B Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal.
Cyprus wants shipping corridor to export natgas
Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers.
Iraq says Iran blames reduced gas exports on 'technical' matter
Iran's foreign minister told his Iraqi counterpart that a reduction in gas exports to Iraq was a technical matter and Tehran had not decided on any cuts, an Iraqi foreign ministry statement said, as the two countries try to resolve Baghdad's huge unpaid bills.
Mexico energy regulator gives natural gas 'clean' label, drawing criticism
A move by Mexico's energy regulator to declare some natural gas-fired power as "clean" drew criticism from environmental groups that say the change will not help the country reach its clean energy targets.
Venezuela, Trinidad to meet again in June to discuss Dragon gas project
Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas.
MOL Group signs acquisition of Szarvas Biogas Plant
MOL Group has agreed on a deal with BayWa AG on the purchase of Szarvas Biogas Plant, a waste processing plant using organic wastes to produce electricity and heat through cogeneration with a peak electric power capacity of around 4 megawatts.
Dutch benchmark wholesale gas falls to two-year low
The Dutch wholesale natural gas price for the month ahead fell to a two-year low morning, which could offer some relief to consumers and some businesses who have been paying high energy bills over the past year.
Asian spot LNG prices slide for fifth straight week on low demand
Asian spot liquefied natural gas prices have weakened for the fifth consecutive week on muted demand due to healthy stocks, remaining at their lowest level in two years.
U.S. natgas futures fall 4% to two-week low on lower demand forecast
U.S. natural gas futures fell about 4% to a two-week low on a collapse in global gas prices, record U.S. output, rising Canadian exports and forecasts for milder U.S. weather and lower than previously expected demand next week.
Higher inventories, output to weigh on U.S. natgas prices this summer
Ample storage levels, milder weather and a boost in production are likely to place downward pressure on US natural gas prices this summer, even as demand is seen reaching record levels.
Finland's LNG import terminal fully booked for Q2 and Q3
Finland’s floating storage and regasification unit is fully booked for liquefied natural gas imports in the second and third quarters this year.
Finland's Gasgrid, Sweden's Nordion plan 1,000 km hydrogen network
Finland’s Gasgrid aims to establish a hydrogen pipeline network around the Bothnian Bay measuring 1,000 km by 2030.
Saudi Aramco to develop 400 mcf per day Iraqi gas field
Saudi oil giant Aramco will develop a gas field in Iraq that could produce more than 400 million cubic feet of gas per day, Iraqi Oil Minister Hayan Abdel-Ghani said.
German cabinet approves legal framework for hydrogen core network
The German cabinet on Wednesday passed a draft law to create a framework for a hydrogen core network scheduled to go into operation by 2032, as Berlin aims to move away from fossil fuels and become climate-neutral by 2045.
As gas reserves wane, Philippines faces rising costs in switch to LNG
With just four years before the Philippines' only gas field is set to run dry, the country has started importing liquefied natural gas, creating a fresh headache for a government struggling to curb high inflation.
China's main import gas pipelines
China, the world's third-largest gas buyer, imports the fuel in gaseous form via long-distance pipelines from three sources - central Asia, predominantly Turkmenistan, as well as Russia and Myanmar.
China prioritizing Turkmenistan over Russia in next big pipeline project
China is accelerating the building of a long-delayed Central Asian pipeline to source gas from Turkmenistan even as Russia pushes its own new Siberian connection, as Beijing juggles its energy security needs with diplomatic priorities.
- 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
