economics
Kazakhstan, Russia map out gas pipeline to China
Kazakhstan and Russia have established the route for a future gas pipeline to support shipments between the two countries and to China, Kazakhstan's energy minister said.
Woodside open to talks with Chinese firms for Scarborough gas project
Woodside Energy Group said it is open to talks with Chinese firms to invest in its $12-B Scarborough liquefied natural gas project in Australia.
Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
Technip Energies is pleased to announce that a joint venture, led by Technip Energies in partnership with Consolidated Contractors Company, has won a major Engineering, Procurement, Construction and Commissioning contract by QatarEnergy for the onshore facilities of the North Field South Project.
Argentina seeking new Vaca Muerta pipeline work to move local gas supply
Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country.
German gas storage levy set at €1.45/MWh from July
A charge to help fund gas imports into Germany will more than double from July, according to Trading Hub Europe, which was tasked by Berlin with ensuring national stocks get Europe’s top economy through the winter.
Germany scales down LNG terminal plans as supply crisis eases
Germany will almost halve planned capacity for LNG terminals in the Baltic Sea as Berlin revaluates its LNG needs given local resistance and an easing of energy bottlenecks.
Ørsted awarded contract which will capture and store 430,000 tons of biogenic CO2
The Danish Energy Agency (DEA) has awarded Ørsted a 20-year contract for its carbon capture and storage project ‘Ørsted Kalundborg Hub’.
Shell halts production at Prelude floating LNG facility
Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes and is working through steps to restart production at the world's largest floating LNG platform.
EU watchdog sees concentration and liquidity risks in gas derivatives
Europe's $4.5-T natural gas derivatives market has become less transparent since Russia's invasion of Ukraine and faces risks due to a small number of market players and low liquidity.
Asian spot LNG prices fall for third straight week to near 2-yr low
Asian spot LNG prices fell for the third straight week to the lowest level in nearly two years due to weak demand from top regional importers and as inventories remained high.
U.S. permit crackdown poses new hurdles for proposed LNG projects
The U.S. Department of Energy's refusal to grant export permit extensions to LNG developers that fail to meet a construction deadline poses a new hurdle for greenfield plants.
Alberta producers restart oil and gas operations as wildfires temporarily ease
A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
ADNOC Gas reports Q1 2023 net income of $1.3 B, up 9% year-on-year
ADNOC Gas plc announces its first quarterly financial results since its formation and initial public offering, for the three months ended March 31, 2023.
Finland's Gasum not taking LNG from Russia's Kryogaz
Finnish energy provider Gasum has not been taking cargoes of liquefied natural gas for about a month from the Russian Kryogaz-Vysotsk plant controlled by Novatek citing data from analytics group Kpler.
Carbon capture and hydrogen are the main tools in Biden’s power plan
The Biden administration unveiled its plan to slash greenhouse gas emissions from the U.S. power sector, part of its broader effort to decarbonize the economy to fight climate change.
Europe’s gas prices slide on swollen inventories
Europe has made a relatively slow start to rebuilding gas inventories but stocks were so high at the end of last winter that storage sites are still on course to be full well before summer ends, putting downward pressure on prices.
AXPC releases statement on EPA’s rule proposal on natural gas power plants
EPA released a new proposal that requires very aggressive emissions reductions and imposes requirements not only on new power plants, but also existing ones – making it significantly harder to rework an existing power plant and deterring investment in natural gas generating facilities.
Axens to provide tech for the complete gas treatment chain at CSV Albright Sour Gas Processing Plant in Canada
Axens has been selected to supply the technologies for the Acid Gas Removal unit and the Sulphur Recovery unit of the Albright Sour Gas Processing Plant to be constructed by CSV Midstream Solutions Corp. in Alberta, Canada.
UAE's ADNOC says 'business as usual' in Asia
Abu Dhabi National Oil Company sees no dip in demand from Asian customers as cheap Russian oil flows into the continent on the back of Western sanctions on Moscow, a senior executive said.
Texas Waha natural gas prices turn negative on low spring demand
Spot natural gas prices at the Waha hub in the Permian Shale in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild spring weather reduced demand for the fuel.
GAIL plans $4.9-B ethane cracker in West India
GAIL Ltd, the country's top gas supplier, plans to build a $4.89-B ethane cracker near its LNG import plant in Western India as it seeks to meet an expected surge in demand.
bp sees investment decision on Teesside carbon capture projects in 2024
bp expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside.
Australia to invest $1.4 B to scale up renewable hydrogen industry
Australia will invest A$2 B to scale up development of its renewable hydrogen industry, the government announced in its annual budget, as it looks to accelerate clean energy projects in the country.
Indian court upholds tribunal ruling favoring Reliance in gas sale case
Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd , a court order shows.
Spain's Endesa faces $411-MM claim in LNG contract dispute
Spanish power utility Endesa faces a claim of $411 MM as part of an arbitration process launched by a liquefied natural gas producer in March.
Ford to test small UK fleet of hydrogen fuel cell E-Transit vans
Ford Motor Co said it will test a small fleet of prototype hydrogen fuel-cell versions of its electric E-Transit model to see if they are a workable zero-emission option for customers hauling heavy goods long distances.
Italy, Germany, Austria sign letter to support hydrogen pipeline
Energy ministries of Italy, Germany and Austria have signed a joint letter of support for the development of a hydrogen-ready pipeline between North Africa and Europe, Italian gas grid operator Snam said.
Equinor and partners to invest $9 B in new gas field off Brazil
Equinor and its partners have decided to invest about $9 B to develop the BM-C-33 gas and condensate discovery off Brazil Norwegian company said.
Osaka Gas sees profit jump in FY23/24 after Freeport LNG restarts
Japan's Osaka Gas Co predicted that its net profit will double to ¥116 B in the current fiscal year to March 2024 after the restart of exports from the U.S. liquefied natural gas company Freeport LNG.
Denmark, Sweden sign solidarity agreement on gas supply
Denmark and Sweden have signed an agreement on mutual support in case of gas shortages, the energy authorities of the two countries 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
