Regions
Asia LNG prices hit 4-mos low despite supply, geopolitical concerns
Asian spot LNG prices hit their lowest level in over 4 mos this week on strong inventories and weak demand despite supply concerns as more tankers avoid the Red Sea, following attacks launched by Yemen's Houthi group on commercial ships.
Woodside Energy to supply LNG to Pilbara Minerals unit
Woodside Energy said it had signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic LNG from its Pluto Truck Loading Facility in Western Australia.
Consumers Energy continues natural gas investment to reduce long-term costs for customers
Consumers Energy is continuing its $1 B/yr investment in the company’s natural gas delivery system as part of its Natural Gas Delivery Plan, resulting in miles of aging and outdated pipeline replaced every year.
Texas (U.S.) grid over relies on natural gas to restore power after blackouts
The Texas electric grid is too dependent on natural gas-fired backup power generators after blackouts, U.S. regulators found in a study that also called for gas suppliers and electric utilities to sync their plans to recover from outages.
Mexico emitted 'extreme' amounts of methane from gas pipeline, scientists find
Mexico emitted "extreme" amounts of methane from a natural gas pipeline running through its northern border state Durango in 2019, a research paper published on Tuesday showed, citing data collected from satellites.
Global LNG markets seen 'finely balanced' in 2024 as demand under control
New LNG projects coming online this year and high stocks in Europe and North Asia in early 2024 capping demand are seen curbing spot price growth for the next six months as analysts forecast a "finely balanced" market.
Some LNG vessels avoid passing Yemen after Red Sea attacks increase
Several LNG vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.
EU to extend emergency gas price cap for another year
The European Union is set to extend its emergency cap on gas prices for another 12 months to serve as a safeguard against possible energy price shocks, after energy ministers backed the plan.
COP29 climate summit host Azerbaijan touts country's gas potential
After winning a fraught bid to host next year's United Nations climate talks in Baku, a senior Azerbaijani official promoted the country's gas reserves in aiding the global the energy transition.
Germany's Sefe, Norway's Equinor strike $55-B gas supply deal
German energy firm Sefe secured a $55-B gas deal with Norway's Equinor that will cover one-third of the industrial gas needs of Europe's largest economy.
Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 B
A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 B to expand its overseas business.
QatarEnergy CEO says new LNG supply deals 'imminent'
QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several "imminent".
Vietnam awards license to Tokyo Gas, partners to build $2-B LNG power plant
Vietnam awarded an investment license to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a $1.99-B LNG-fired power plant in its northern province of Thai Binh.
Elon Musk says oil and gas should not be demonized
Oil and gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, but he also said it was important to reduce carbon emissions to preserve the planet.
Germany's SEFE seeks US approval for Venture Global's CP2 LNG project
The German state-owned Securing Energy for Europe GmbH has become the third company to seek approval from the U.S. energy regulator for LNG developer Venture Global to begin construction on its CP2 LNG project in Louisiana.
U.S. natural gas prices climb 4% to one-week high with rising demand
U.S. natural gas futures climbed about 4% to a one-week high on forecasts for higher demand next week than previously expected and as record amounts of gas flow to LNG export plants.
Record warmth leaves world with too much gas
The northern hemisphere experienced its warmest October and November in records dating back to the 1880s – pushing the gas market into a large surplus and triggering a slump in prices.
U.S. awards up to $890 MM to carbon capture projects at gas, coal plants
Natural gas and coal plants in Texas, California and North Dakota will share up to $890 MM in U.S. funding for projects to demonstrate the viability of carbon capture technologies.
Freeport LNG settles with U.S. EPA over safety failures for June 2022 Texas blast
Freeport LNG, which operates the second-largest U.S. LNG export plant in Texas, agreed with the U.S. Environmental Protection Agency to settle safety violations related to a June 2022 blast that caused some $275 MM in damage to the facility.
Brazil's Ambar Energia to acquire Copel's majority stake in gas-fired power plant
Brazilian energy firm Ambar Energia is set to buy electric utility Copel's 81.2% stake in natural gas-fired power plant UTE Araucaria for $65.24 MM.
DNV to support UK National Gas Transmission with world first hydrogen pipeline research facility
DNV is the lead partner for National Gas Transmission in further expanding a world first hydrogen pipeline research facility FutureGrid.
Differing LNG outlook stalls Shell talks on gas project with Venezuela
A disagreement between Shell PLC and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field.
Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb
Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.
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.
Afghanistan doubles Russian LPG fuel imports, industry data shows
Afghanistan's Taliban government doubled purchases of Russian LPG in the January-November period, according to industry data, as Russia redirects supplies away from Europe amid political fallout from the Ukraine conflict.
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.
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- 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
