natural gas

Equinor buys Shell's stake in the Linnorm gas discovery

Norway's Equinor said it has agreed to buy Shell's stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.

Latvia utility buys LNG from Equinor

Latvian state-owned utility Latvenergo said it had agreed to purchase six cargoes of LNG from Equinor for delivery via Lithuania's Klaipeda terminal.

Freeport LNG's Texas (U.S.) facility faces problems with upstream gas feed

Freeport LNG's pretreatment facility in Texas (U.S.), immediately reduced production rates due to issues with the upstream gas feed to the facility.

U.S. natural gas prices up 1% on higher demand, record LNG feedgas

U.S. natural gas futures edged up about 1% from a six-month low in the prior session on raised demand forecasts for this week, and as record amounts of gas flowed to LNG export plants.

Pembina Pipeline to buy Enbridge's JV interests for $2.30 B

Pembina Pipeline said it would buy Enbridge's interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $2.30 B.

Germany's Stade LNG project expects floating terminal in February

Germany's emerging LNG terminal in the Elbe river port of Stade expects its floating regasification vessel to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids.

Environmental groups ask lenders to avoid LNG project in Papua New Guinea

Major global lenders should refuse to finance a LNG project in Papua New Guinea to help keep global warming in check, civil society groups said, as some owners tap banks ahead of a final greenlight next year.

U.S. natural gas prices fall 3% to near 6-month low on milder forecasts

U.S. natural gas futures fell about 3% to a fresh near six-month low on record output and forecasts for milder weather and lower heating demand than previously expected that should allow utilities to leave more gas in storage than usual through late December.

Moscow says EU will not succeed in curbing Russian gas imports

The European Union's plans to give its member states the power to halt gas imports from Russia will not succeed and won't hurt the Russian economy.

New Renewable Fuel Standard volume targets facilitate renewable natural gas production

The U.S. Environmental Protection Agency announced a final rule that established biofuel volume requirements and standards for cellulosic biofuel for 2023–25 as part of the Renewable Fuel Standard program.

Two Japan energy companies seek U.S. approvals for Venture Global's CP2 LNG

Two Japanese energy companies, oil and gas producer Inpex Corp and power utility JERA, urged a U.S. energy regulator to give prompt approvals for Venture Global to begin construction on its CP2 LNG project in Louisiana.

Serbia launches interconnector to gas pipeline in Bulgaria

Serbia completed the interconnector to a pipeline in Bulgaria which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.

Venezuela prods bp, Chevron to revive gas project near Trinidad, Guyana

Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana.

Continental U.S. kicks off winter with most natural gas in storage since 2020

The continental United States entered the winter heating season with the most natural gas in storage since 2020, according to the U.S. Energy Information Administration.

U.S. natgas slides to 3-month low on mild weather, Golden Pass LNG delay

U.S. natural gas futures slid about 2% to a three-month low on forecasts for milder weather and lower heating demand as investors worried LNG exports would not grow much in 2024.

Shell sees $6 B in oil and gas investments in Nigeria

Shell sees a $5-B offshore oil investment opportunity in Nigeria and pledged to spend a further $1 B in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said, citing Shell's director of upstream operations.

Asia-Europe LNG spread at widest level in almost two years

The Asia-Europe LNG spread has hit its widest level in about two years, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.

Moldovan natgas chief offers to take over Ukraine transit of Russian gas

The head of Moldova's national gas company proposed that it take over the transport of Russian giant Gazprom's supplies through Ukraine if Kyiv decides against renewing a transit contract that runs out next year.

Australia's Woodside, Santos in talks for $53-B oil-gas merger

Australia energy companies Woodside and Santos Ltd said that they are in preliminary merger talks, in what could be the latest big deal in a wave of global consolidation the in oil and gas sector.

EU to give member states authority to halt Russian gas imports

The European Union is poised to give its member states the power to halt gas imports from Russia and Belarus.

Asia spot LNG prices fall on continued muted demand

Asian spot LNG prices slightly fell this week on continued lack of interest for spot supply from Northeast Asia players and forecast of weaker prompt gas demand in Europe.

Details of Canada's planned regulations to limit oil and gas emissions

Canada unveiled planned regulations to limit emissions from the oil and gas sector using a cap-and-trade system, fulfilling a promise by Prime Minister Justin Trudeau's government to cut emissions in its most polluting sector.

Four suitors offer more than €600 MM for Edison gas storage

Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than €600 MM.

Woodside in talks with Santos to form $52-B Australian gas giant

Australia's Woodside Energy and Santos said they were in preliminary talks to create an $52-B global oil and gas giant, as consolidation among international energy firms intensifies.

Italy's Saipem has completed exit from Russia's Arctic-2 LNG project

Italian energy engineering and construction group Saipem is no longer involved in Arctic-2 LNG, a massive Russian project to build a LNG production site in the Arctic, which was targeted by U.S. sanctions last month.

Asia-Europe LNG spread at widest level in almost a year

The Asia-Europe LNG spread has hit its widest level in about a year, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.

Venture Global LNG expects extended start-up at second plant

A Venture Global LNG export plant due to begin operating in 2024 will undergo a lengthy startup similar to its Calcasieu Pass LNG facility, with customers likely to receive their first cargoes in 2026 at the earliest.

U.S. natural gas prices edge up on colder forecasts, record LNG feedgas

U.S. natural gas futures edged up about 1% on forecasts for colder weather and higher heating demand next week than previously expected and as record amounts of gas flowed to U.S. LNG export plants.

"Leave no stone unturned" in gas exploration, Norway tells industry

Norway still has vast proven natural gas resources without development plans urging exploration companies to find ways of producing it despite technological challenges.

Countries in the Middle East and North Africa supply about one-third of global LNG

Exporting countries in the Middle East and North Africa region supplied nearly one-third (29%) of global LNG exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers.