economics
Germany, Austria, Italy urge EU to back hydrogen projects
Austria, Germany and Italy have pressed the European Union to support a cluster of infrastructure projects to transport green hydrogen imported from North Africa, as part of efforts to build a market in Europe for the low-carbon fuel.
PetroVietnam Gas gets country's first LNG import-export approval
PetroVietnam Gas said it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
Norway plans wider gas transport nationalization including at Nyhamna
Norway's plan to nationalize gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed.
Asian spot LNG prices hit 23-month low amid weak restocking demand
Asian spot LNG prices hit a 23-month low on mild weather and weak restocking demand in China, Japan and Korea, while Europe enjoys 60% full inventories ahead of summer.
Poland bought less Russian LPG in 2022, ramped up re-exports to Ukraine
Poland bought less LPG from Russia last year as it sought to diversify its sources in the wake of the war in Ukraine, data shows, although it remained Russia's top customer for the fuel and ramped up re-exports to Ukraine.
U.S. natural gas futures ease to 3-week low on record output and lower LNG exports
U.S. natural gas futures eased about 1% to a fresh three-week low on output and after the amount of gas flowing to U.S. LNG export plants declined due to spring maintenance.
New Fortress Energy could install Fast LNG units onshore at Altamira, Mexico
U.S. energy company New Fortress Energy Inc said it could install the second and third of its Fast LNG production units onshore at Altamira in Mexico in the second half of 2024.
Germany's Uniper rides gas price fall to quarterly net profit
German state-owned utility Uniper reported a first quarter net profit of €6.7 B after releasing significant provisions it previously made in the wake of Moscow's move to stop gas supplies.
European gas spike risk lingers says Equinor CEO
The risk of price spikes lingers on the European gas market, depending largely on weather during the peak demand heating season later this year and LNG supplies.
Global gas markets rebalancing and remains tight in 2023
Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe.
India's top gas importer sees 'huge jump' in demand as prices ease
India's top gas importer Petronet LNG expects a 'huge jump' in local gas demand for at least six months due to a softening of global prices of liquefied natural gas.
Timor Gap CEO expects Great Sunrise gas project decision by November
The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.
New York State bans natural gas in some new construction
New York has become the first U.S. state to pass legislation banning the use of natural gas for heating and cooking in some new buildings, a plan designed to reduce carbon emissions but opposed by industry groups as excessive and costly.
Mexico Pacific to pump $14 B into pipeline and plant
Mexico Pacific is set to build a natural gas pipeline and liquefaction plant in the northern state of Sonora for an investment of up to $14 B.
Cheniere raises 2023 core earnings forecast after strong quarter
Top U.S. LNG exporter Cheniere Energy Inc raised its 2023 core earnings forecast after reporting a quarterly profit compared with a year-ago loss, sending its shares up about 1.8% in premarket trading.
Equitrans may still complete Mountain Valley natural gas pipeline by end of 2023
U.S. energy company Equitrans Midstream Corp said it expects federal agencies to issue the required authorizations for its $6.6-B Mountain Valley natural gas pipeline from West Virginia to Virginia by the early summer.
UAE's ADNOC swaps Fujairah for Ruwais as location for LNG export project
he UAE's state energy firm ADNOC said its planned LNG project would move forward in the Al Ruwais Industrial City in Abu Dhabi and not in the emirate of Fujairah.
Brazil's Petrobras to keep stake in Colombia's deepwater block Tayrona
Brazil's state-controlled oil company Petrobras has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol and now aims to rapidly develop the field.
Aramco in talks with Sinopec and TotalEnergies for $10-B gas deal
Saudi Arabian oil giant Aramco is in talks with refining giant Sinopec Corp and French oil major TotalEnergies for a gas deal of about $10 B.
Wood and CMG work to advance carbon capture storage solutions
Wood has signed a Memorandum of Understanding with Computer Modelling Group Ltd. specializing in CCS projects.
US natgas futures slide 2% on record output due to milder weather
U.S. natural gas futures slid about 2% on record output and forecasts for milder weather and less heating demand next week than previously expected.
U.S. LNG exports go full steam ahead, sales to Latin America rise
U.S. producers of LNG exported at top capacity in April for a second consecutive month, with over two-thirds of shipments bound for Europe and rising volumes to Latin America.
Sakhalin Energy to start maintenance at LNG plant
Russia's Sakhalin Energy will start maintenance at its LNG plant in July, without providing the timeframe for the maintenance.
Norway plans to nationalize gas pipelines when concessions expire
Norway plans to nationalize most of its gas pipeline network when many existing concessions expire in 2028 to tighten control over key infrastructure.
Vietnam seeks first LNG cargo to commission import terminal
PetroVietnam Gas has issued a tender seeking to buy Vietnam's first cargo of LNG marking a milestone on the Southeast Asian nation's route to becoming a key importer.
Next generation tank lining delivers next-level service lives
The experts at Sherwin-Williams offer a variety of factors to consider when choosing tank linings and is raising the standard for years to come with our latest generation of single-coat epoxy tank linings.
MHI to collaborate with Saipem on CO2 capture technologies
Mitsubishi Heavy Industries, Ltd. has concluded a General License Agreement with Saipem S.p.A. under which MHI will provide Saipem with its proprietary “KM CDR Process” and “Advanced KM CDR Process” technologies for use in CO2 capture plants.
European Hydrogen Bank strategy to be tested at autumn auction
The European Union will hold a pilot auction for subsidized green hydrogen contracts as it ramps up efforts to decarbonize energy supply and strengthen energy security.
U.S. natural gas production and LNG exports will likely grow through 2050 in AEO2023
U.S. EIA projects U.S. natural gas production to increase 15% and LNG exports to increase 152% between 2022 and 2050.
Xcel Energy awards Worley with hydrogen blending study in the US
Worley alongside its consulting business, Advisian, has been chosen to undertake a detailed assessment of Xcel Energy’s natural gas system in the US.
- 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
