economics
Asia petchem producers plan to switch to LPG after price slump
Several Asian petrochemical producers plan to switch a portion of their feedstock from naphtha to cheaper liquefied petroleum gas late in the second quarter as the price gap between the two fuels has widened.
Germany improving efforts to meet 2030 hydrogen goals
Germany is getting nearer to goals for developing a green hydrogen market by the end of the decade.
Russia's Gazprom seeks to liberalize domestic gas market
Russian energy giant Gazprom has asked the government to liberalize wholesale gas prices for domestic industrial consumers in some regions as it faces a steep decline in exports.
Japan's Mitsui buys U.S. gas asset in 'pragmatic solution' for energy transition
Japan's Mitsui & Co Ltd has bought a 92% stake in an unconventional gas asset in Texas and plans to promote its gas business as a "pragmatic solution" for the energy transition.
EU, Norway plan cooperation on carbon capture, hydrogen, draft shows
The European Union and Norway aim to work together to develop infrastructure to capture and store CO2 emissions and scale up renewable hydrogen production in Europe.
Mitsubishi Power starts natgas turbine operation in Rayong, Thailand
Mitsubishi Power, a subsidiary of Japanese company Mitsubishi Heavy Industries, has started operations of a natural gas turbine at a gas-fired power plant project in Thailand's Rayong province on March 31.
Russian gas cargoes cross Crimea bridge after 4-month wait
Three gas carriers loaded with butane and propane crossed the Russia-built Crimea bridge over April 12-14 after a four-month wait and set sail for their destinations.
U.S. natgas futures drop 5% on forecasts for mild weather
U.S. natural gas futures fell about 5% on Wednesday from a one-month high in the prior session on forecasts confirming the weather will remain mostly mild and heating demand low for the next two weeks.
Spain's Tecnicas Reunidas, FCC to build large LNG terminal in Germany
Spanish companies Tecnicas Reunidas and FCC, as well as Turkey's ENKA, have won a contract to build a liquefied natural gas regasification terminal in Germany worth about $1.09 B.
Chevron seeks drilling ship to expand East Med gas search
Chevron is seeking a drilling ship to explore for natural gas off Cyprus, Egypt and Israel as the U.S. energy major looks to meet growing demand in the region and Europe.
Britain has enough gas for summer demand, National Gas Transmission says
Britain will have sufficient gas supply to meet demand from April to September and is expected to sustain flows to Europe, the UK's National Gas Transmission company said.
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.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- 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™
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
