Regions
EU plans to let gas price cap expire, sources say
The European Union intends to let its gas price cap expire as scheduled at the end of this month, EU diplomats said, in a sign the worst of Europe's energy crisis from 2022 has passed.
The eighth U.S. liquefied natural gas export terminal, Plaquemines LNG, ships first cargo
On December 26, 2024, Plaquemines LNG—the eighth liquefied natural gas (LNG) export terminal in the United States—shipped its first cargo after achieving first LNG production in mid-December.
LNG exporter Venture Global targets up to $110-B valuation in blockbuster U.S. IPO
Venture Global is targeting up to $110.38 billion valuation in its U.S. initial public offering, setting the stage for the first blockbuster stock market flotation in 2025.
TotalEnergies begins construction on 50-MMft3d Iraq gas plant
TotalEnergies has begun building 50-MMft3d ArtawiGas25 gas processing facility in Iraq, which will process natural gas from the Ratawi field which is currently flared
Enbridge Gas Panhandle Regional Expansion Project is now in service
The first phase of Enbridge Gas Ontario's Panhandle Regional Expansion Project is now in service in Southwestern Ontario, Canada, home to a world-leading greenhouse industry.
AGDC and Glenfarne to develop $44-B Alaska LNG project
The Alaska state's Alaska Gasline Development Corporation (AGDC) has entered into an exclusive agreement with developer Glenfarne to advance the Alaska LNG project.
U.S. natgas prices climb 4% on colder forecasts, record LNG feedgas
U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected and record flows of gas to liquefied natural gas (LNG) export plants.
Howard Energy Partners acquires ethylene pipeline from EPIC Midstream Holdings
Howard Energy Partners (HEP) has closed on the purchase of EPIC Midstream Holdings’ ethylene pipeline. The 120-mi, 12-in. bidirectional pipeline provides critical ethylene transportation, connecting Gulf Coast Growth Venture’s petrochemical complex in Corpus Christi to storage facilities in Markham, Texas.
Britain's gas storage levels are worryingly low, Centrica says
Britain's gas storage levels are worryingly low, with less than a week's worth of gas in storage after a cold snap, energy company Centrica said on Friday while the government said there was no need for concern.
Constellation Energy to buy Calpine in blockbuster $16.4-B U.S. power deal
U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp. for $16.4 B, marking one of the biggest acquisitions in the history of the U.S. power industry.
Since the 2011 Fukushima accident, Japan has restarted 14 nuclear reactors
Japanese utilities restarted two additional nuclear reactors in 2024 that had been suspended from operations in response to the 2011 Fukushima Daiichi accident, taking the total number of restarted reactors to 14 since the accident.
Austria's OMV Romanian unit agrees to supply gas to Germany
Austria's OMV Romanian unit has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, as Europe seeks new ways to boost energy security after cutting ties with Russia.
TotalEnergies to pay $5 MM to settle U.S. FERC natgas manipulation case
A unit of French energy company TotalEnergies has agreed to pay $5 MM to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009–2012.
Petrofac awarded $300-MM EPC contract for the $1.3-B Habshan project (UAE)
The contract, awarded to Petrofac Emirates, is valued at over $330-MM and involves the engineering, procurement and construction of a new gas compressor plant at the Habshan Complex in Abu Dhabi.
CB&I awarded lump-sum EPC contract for Ruwais LNG project in the UAE
CB&I announced that it has been awarded a lump sum contract by TJN Ruwais JV for engineering, procurement, and construction of two cryogenic tanks and associated civil, structural, mechanical and piping works for its Ruwais LNG project in the UAE.
ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
ADNOC Gas plc and its subsidiaries announced the awarding of three enabling contracts worth $2.1 B for an LNG pre-conditioning plant (LPP), compression facilities and transmission pipelines to supply feedstock to the Ruwais LNG Project.
German gas imports drop 11% in 2024, more green power plants built
German gas imports fell by 11% in 2024 compared with the year before, with Norway the largest supplier, while exports more than halved.
Equinor extends Norway LNG outage by 10 days
Equinor has extended an ongoing outage at its Hammerfest LNG plant in Arctic northern Norway by 10 days to Jan. 19 as it continues to repair a failed compressor, the company said in a regulatory filing on Wednesday.
U.S. gas-fired power boom reveals key emissions payoff in 2024
For the first time, > 1 B tonnes (t) of carbon dioxide (CO2) was discharged from U.S. gas-fired power stations in a single year during 2024, marking a new pollution threshold for the world's largest gas producer and consumer.
Trump weighing executive order protecting gas stoves
President-Elect Donald Trump is weighing an executive order that seeks to protect gas-powered appliances including stoves and heaters from federal and local regulators who want to phase them out of U.S. homes and businesses.
Trans Adriatic Pipeline selects Penspen for H2 repurposing assessment
Penspen, a leading international energy consultancy, has been awarded a contract by Trans Adriatic Pipeline AG (TAP) to provide H2 gap analysis services on one of the most strategic energy infrastructure projects in Europe.
Austria's OMV agrees to supply Romanian gas to Germany
Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, as Europe seeks new ways to boost energy security after cutting ties with Russia.
Europe's LNG imports surge, but not at Asia's expense
Europe's imports of liquefied natural gas (LNG) surged to an 11-month high in December, but the gain didn't come at the expense of Asia, which also recorded higher arrivals.
Trump promised swift action on U.S. LNG exports, but advisers preaching patience
Advisers to U.S. President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas (LNG) export licenses, fearing rapid approvals will only get overturned in court.
Nicor Gas celebrates its first renewable natural gas interconnection
Nicor Gas has celebrated the opening of its first renewable natural gas (RNG) interconnection with Air Liquide’s largest RNG facility in the world.
H2 Global Energy to develop a $6-B green hydrogen project in Tunisia
A consortium led by H2 Global Energy signed a Memorandum of Understanding agreement with the Tunisian government to develop a groundbreaking $6-B green hydrogen and green ammonia project.
Phillips 66 to grow Permian midstream business with EPIC NGL acquisition
Phillips 66 announced that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (EPIC NGL) for total cash consideration of $2.2 B, subject to customary purchase price adjustments.
U.S. natural gas prices jump 9% as winter storms boost heating demand, freeze wells and pipes
U.S. natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil and gas wells and pipes start to freeze.
Central Europe gas flows adjusted after Ukraine transit ends
Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region from Germany and Italy make up the shortfall.
U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released final rules for the section 45V Clean Hydrogen Production Tax Credit established by the Inflation Reduction Act.
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Nicor Gas celebrates its first renewable natural gas interconnection
- Phillips 66 outlines nearly $3-B capital program for 2025
