economics
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.
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.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
