natural gas
Novatek needs to find more natural gas for LNG plans
Russian Deputy Prime Minister Alexander Novak said on Tuesday the country needed to identify the resource base for about a third of its planned annual production of 100 MMt of liquefied natural gas (LNG) per year.
bp expands natural gas certification to 100% of its U.S. onshore upstream operations
MiQ, the non-profit global leader in methane certification, announced that it has independently audited and certified bp as the first energy major in the U.S. to verify the methane intensity of its entire U.S. onshore portfolio of natural gas.
Braskem Idesa and Advario partner to build a new, $400-MM ethane export terminal in Mexico
Braskem Idesa and Advario partner to build a new, $400-MM ethane export terminal in Mexico
Tellurian chairman's shares sold to cover loan
U.S. LNG developer Tellurian said over $25.3 MM worth of its shares belonging to Executive Chairman Charif Souki were transferred and sold over the last month to cover a loan, securities filings showed.
Russia to mothball damaged Nord Stream pipeline
Russia's ruptured undersea Nord Stream gas pipelines are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them.
Asian spot LNG prices continue to decrease
Asian spot LNG prices continued their downtrend this week, hitting the lowest level since July 2021, due to tepid demand which is expected to last until the end of March.
Germany LNG import bill to eclipse $10 B
Germany said that new infrastructure for floating LNG terminals will exceed previously expected costs, forewarning taxpayers that there will be a price to pay for energy security.
U.S. nat gas futures rose 3% on more feedstocks flowing to LNG terminals and increased heating demand
U.S. natural gas futures rose about 3% to a five-week high on Friday, with the amount of gas flowing to U.S. LNG export plants set to hit a daily record high and on forecasts for colder weather and higher heating demand in two weeks than previously expected.
Chesapeake Utilities to develop its first RNG facility in Florida
FPU Renewables announced plans to construct, own and operate a dairy manure renewable natural gas facility at Full Circle Dairy in Madison County, Florida.
Graforce to introduce plasmalysis technology that converts LNG into hydrogen
Graforce to introduce methane electrolysis (plasmalysis), which converts LNG into hydrogen. This allows large gas users to switch to clean-burning hydrogen without changing their energy supplier or method of transporting.
Germany's natural gas imports bill more than doubled in 2022
Germany's natural gas import costs more than doubled in 2022 despite volumes being slashed by 30%.
India's NSE receives regulatory okay for natural gas futures
India's National Stock Exchange (NSE) said that the country's market regulator has approved the launch of rupee-denominated NYMEX crude oil and natural gas futures contracts in its commodity derivatives segment.
Enbridge to invest $2.4 B in natural gas and renewable power in 2023
Enbridge will invest $2.42 billion in natural gas and liquids infrastructure and in renewable power this year.
CAPP forecasts upstream oil/gas production to reach nearly $30 B in 2023
The Canadian Association of Petroleum Producers (CAPP) said it expects oil and natural gas investment in upstream production will reach C$40 B ($29.4 B) in 2023, surpassing pre-COVID levels.
Chevron opens second CNG station in California
Chevron U.S.A. announced the opening of its second compressed natural gas station in the state of California, increasing availability of lower carbon fuels to heavy duty vehicles.
Saipem to restart Mozambique LNG project for Total in July
Saipem has agreed to restart a LNG project in Mozambique for TotalEnergies in July, the chief executive of the Italian energy services group said.
Japan to emphasize natural gas/LNG and clean fuels at G7 summit
Japan plans to emphasize the importance of investments in natural gas, LNG and cleaner fuels at the G7 summit later this year.
Tellurian faces setback in $12.5-B Driftwood LNG project
Commodities trader Gunvor can walk away from a 10-year, $12 B commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by March 1.
Venture Global to provide LNG to Excelerate Energy from its Plaquemines LNG plant in Louisiana
Venture Global LNG said it would supply 700,000 tpy of LNG to Excelerate Energy for 20 years.
Enagas purchases gas pipeline network from Reganosa
Spanish grid operator Enagas has bought a 130-km gas pipeline network from energy firm Reganosa while selling the latter a 25% stake in its El Musel regasification plant in northern Spain.
New Fortress Energy to complete first Fast LNG unit in Q2
New Fortress Energy plans on finishing building its first Fast LNG unit in May before moving the plant to offshore Altamira in Mexico in June and producing LNG there in July.
WFW advises Hoegh LNG on refinancing options for German FSRUs
Watson Farley & Williams advised Höegh LNG on the refinancing of the Höegh Esperanza and Höegh Gannet FSRUs that will service Germany’s new FLNG terminals in the North Sea ports of Wilhelmshaven, Lower Saxony and Brunsbüttel, Schleswig-Holstein.
bp confirms Phase 2 of the Greater Tortue Ahmeyim LNG project
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.
bp and partners progress concept for Greater Tortue Ahmeyim Phase 2
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.
CNPC shuffles regional offices to better support global portfolio
China's CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate and supervise its sprawling global portfolio.
Asian LNG spot prices fall to lowest level since July 2021
Asian spot LNG prices eased this week, extending declines to its lowest since July 2021, as demand from key buyers in northeast Asia remain weak.
Cheniere begins permit process for Sabine Pass LNG expansion
Cheniere begins permit process for Sabine Pass LNG expansion
Trinidad and Tobago to begin negotiations with Venezuela for natural gas project
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project.
Trinidad to begin negotiations for gas deal with Venezuela in March
Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
ADNOC looks to raise up to $2 B from IPO of gas unit
Abu Dhabi National Oil Co (ADNOC) said it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 B and give ADNOC Gas an equity valuation of $47 B-$50.8 B.
- 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
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
