economics
Edison not for sale, reviewing options on gas storage
Energy group Edison is not for sale, the chief executive of the Italian unit of French utility EDF said, adding the value of the unit could be well above €7-8 B calculated by analysts.
Why a clean energy transition is so important to G7 chair Japan
Japan needs to import nearly everything from oil to liquefied natural gas, putting a clean energy transition at the core of domestic and foreign policy for this year's chair of the G7 developed nations.
Security of supply concerns prompt Arctic Barents Sea gas pipeline rethink in Norway
For Gassco, building a pipeline to transport gas produced in the Arctic Barents Sea could be worth re-examining due to an increased focus on supply security and Norway exporting more of its gas to Europe.
Svanehøj acquires US-based LNG specialist
Marine pump specialist Svanehøj continues to expand its service solution business by taking over California-based Complete Cryogenic Services, a specialist in service and overhaul of submerged pumps on LNG tankers.
Asian spot LNG prices slip as muted North Asia demand weighs
Asian spot LNG prices this week slipped to a 22-month low amid slow demand from Japan, China and South Korea.
Europe only has space for a small gas refill in 2023
Europe needs to put a smaller-than-average volume of gas into storage this year after a mild winter left the region with record high inventories.
ADNOC L&S expands shipping fleet with five new VLGCs
United Arab Emirates' ADNOC Logistics & Services has expanded its fleet with the deployment of five new-build VLGC.
Moldova buys Greek gas to test new import routes
Moldova, under constant threat of a reduction in Russian gas supplies, will buy a small amount of gas from Greece to test new import routes.
Ukraine lawmakers urge U.S., EU to hit Russian LNG with secondary sanctions
Lawmakers in Ukraine's parliament want the European Union and United States to use sanctions to block Russia's plans to expand LNG production, and end Europe's purchases of the fuel from Russia.
U.S. natural gas retreats 2% in run-up to storage report
U.S. natural gas futures retreated more than 2% on forecasts for less demand for the fuel next week in the run-up to a federal report expected to show nearly a normal injection into stockpiles.
Poland sets exclusion zone around Swinoujscie LNG terminal
Poland will introduce a temporary 200 meter exclusion zone around its Swinoujscie LNG terminal.
U.S. natgas falls 4% on expectations for lower heating demand
U.S. natural gas futures fell more than 4% on Wednesday on expectations that milder weather would reduce heating demand and with near-record production for the month pressuring prices.
Bear Head Energy receives environmental approval for large-scale green hydrogen and ammonia project in Nova Scotia
Bear Head Energy, Inc. announced today it has received Environmental Assessment approval for the Company’s green hydrogen and ammonia production, storage, and loading facility in Point Tupper, Nova Scotia.
NETL demonstrates new pipeline sensor technologies in a pilot-scale field test
NETL’s pipeline sensor team recently completed successful field tests of an extensive new collection of fiber optic sensor and surface acoustic wave sensor technologies for natural gas pipeline monitoring.
G7 climate ministers drop language on growing LNG demand in draft
Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.
Russia's Novatek asks government to cut taxes for Yamal LNG
Russia's Novatek has asked the government to grant its key Yamal LNG project a deferral of additional profit tax for 2022 while simultaneously cutting its rate.
India extends transmission fee waiver for green hydrogen plants
India has extended a waiver of transmission fees for renewable power to hydrogen manufacturing plants commissioned before January 2031, as it aims to become the world's cheapest producer of the fuel.
U.S. associated natural gas production will likely grow through 2050
In U.S. EIA's Annual Energy Outlook 2023, natural gas production from oil formations, known as associated natural gas, grows across most cases through 2050, continuing a long-term trend.
G7 climate ministers consider endorsing new gas investments
Climate ministers of the Group of Seven countries may make the case for new investments in natural gas supply, despite assessments that such investments would thwart globally agreed climate change goals.
Japan's Octopus Energy unit aims to increase renewables in energy source mix
The Japanese arm of British energy supplier Octopus Energy aims to add more renewable energy to its supply mix because it provides a more stable purchasing price compared with the liquefied natural gas it now relies on.
Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying
Sibur, the largest producer and exporter of LPG in Russia, redirected exports to Africa, the Middle East and Asia in the past three months.
U.S. oil & gas rig count falls for second week in a row
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row.
Air Products to build new nitrogen plants and extend pipeline network in Penang, Malaysia
Air Products announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park.
Shell sees stronger LNG volumes and oil product performance in Q1
Shell expects higher LNG output in the first quarter after outages at its Australian plants last year as well as stable earnings from LNG trading.
Dominion Energy, National Grid pursuing pipeline sales
U.S. utility firms Dominion Energy and National Grid Plc are separately considering a potential sale of parts of their natural gas pipeline networks.
Court suspends worker requisitioning at TotalEnergies Normandy refinery
An administrative tribunal in the northern French city of Rouen suspended a government requisition order at TotalEnergies' Normandy refinery that told striking workers to resume work.
Europe facing costly winter without enough long-term LNG deals
Europe has not made enough progress in locking in long-term contracts for LNG as an alternative to Russian pipeline supply, which may prove costly next winter as a rebound in Chinese demand could sharply tighten the market.
Tellurian to sell land for $1 B and lease back for Driftwood LNG project
U.S. LNG developer Tellurian Inc has entered into an agreement with an institutional investor to sell 800 acres of land in Louisiana for $1B.
India plans green hydrogen incentives of at least 10% of cost
India plans to give green hydrogen fuel producers incentives worth at least 10% of their costs under a $2-B scheme set to begin before the end of June.
U.S. natgas futures up 3% on daily output decline, rising LNG feedgas
U.S. natural gas futures rose about 3% on Wednesday on a decline in daily output and an increase in the amount of gas flowing to LNG export plants since Freeport LNG's export facility in Texas exited an eight-month outage in February and returned to full power over the past week.
- 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
