storage
Ukraine's 2023/24 winter gas reserves seen in excess of 15 bcm
The volume of natural gas stored in Ukraine for the 2023/24 winter heating season is likely to exceed 15 billion cubic meters, the head of the Ukrainian Naftogaz company.
Sener selected by Gate Terminal to design and build 4th LNG storage tank
Gate Terminal B.V. announces that it has selected VINCI Construction Grands Projets – Entrepose Contracting (tank), Sener (balance of plant) and Sacyr Proyecta (owner engineering services) to execute the expansion of the terminal with a 4th LNG storage tank of 180,000 cubic meters and an additional regasification capacity of 4 BMC per year.
The story behind engineering the world’s largest post-combustion carbon capture plant
VPI—a power generator and owner of a 1,260-MW combined-cycle natural gas power plant based in Immingham, UK, adjacent to the Humber Oil refinery—is set to play a pivotal role in decarbonizing the region, as it plans to transform its existing facility into the largest post-combustion carbon capture plant of its type in the world.
Aliso Canyon to store more gas to prevent winter price spikes
California's utilities regulator raised the inventory level of Aliso Canyon natural gas storage to prevent price spikes seen last winter, while seeking to wean the state off the facility that in 2015 caused the biggest gas leak in U.S. history.
Ukraine builds up 14 bcm of gas in storage ahead of winter
Ukraine has built up around 14 bcm of gas in its storage facilities and does not plan to import gas in the 2023/24 heating season.
Czech government agrees to buy main gas storage firm from RWE
The Czech government has agreed to buy the main Czech gas storage company RWE Gas Storage CZ from Germany's RWE to bolster energy security after Russia's invasion of Ukraine.
China LNG buyers expand trading after adding more US, Qatari contracts
China's LNG gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market.
EU gas storage reaches 90% target ahead of Nov. 1 deadline
Gas storage in the European Union has already reached 90% well ahead of a Nov. 1 deadline to reach the level, the European Commission said.
U.S. natural gas futures rise as traders brace for storage report
U.S. natural gas futures rose in the run up to a federal report expected to show a smaller than usual storage build last week as hotter weather boosted cooling demand.
Defying war risk, European traders store gas in Ukraine
European gas traders have begun storing natural gas in Ukraine to take advantage of lower prices and available capacity there, regardless of the risks from the ongoing war, three traders and company officials said.
Europe gas supply looking good this winter, Equinor CEO says
Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves.
Wary of 2022 crisis, Asian buyers to build strategic gas reserves
Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year's energy crisis that sent global prices soaring to a record.
India's gas regulator pitches for building natural gas storage
India should build storage for natural gas to boost the use of cleaner fuel in the country and hedge against global price volatility, A. K. Jain, chairman of the Petroleum and Natural Gas Regulatory Board, said.
Europe’s gas storage is filling too fast
Europe’s gas storage is filling more slowly after prices fell sharply in the first half of the year, but a further slowdown will be needed to prevent space running out before the start of winter 2023/24.
Centrica boosts UK gas storage for next winter, warns against complacency
British energy firm Centrica said it had increased storage capacity at the UK's largest gas storage facility to 54 bcf to help boost resilience next winter, warning gas markets remain volatile.
Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
Petronas said it has signed a development agreement with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd., to collaborate on a carbon capture and storage project in Malaysia.
Israel's gas reserves grew by 40% over past decade
Israel's natural gas reserves have grown by 40% over the past decade due to increased drilling and exploration activities, an industry report said, even as production soared.
U.S. natural gas futures slip after bigger-than-expected storage build
U.S. natural gas futures eased into a narrow range after a government report showed a bigger-than-usual storage build last week, overshadowing support from forecasts for warmer weather.
Finland's LNG import terminal fully booked for Q2 and Q3
Finland’s floating storage and regasification unit is fully booked for liquefied natural gas imports in the second and third quarters this year.
Ukraine has collected 9.3 bcm of gas for 2023/24 heating season so far
Ukraine is continuing to pump natural gas into underground storage facilities, collecting 9.3 billion cubic meters (bcm) for the 2023/24 heating season, Ukrainian energy ministry said.
Russia's Gazprom plans record domestic winter gas storage capacity
Russian energy giant Gazprom plans to boost natural gas reserves in domestic storage to a record-high next winter as its output and exports fall.
U.S. natgas falls on bets for bigger-than-expected storage build
U.S. natural gas futures fell and were bound for their first daily decline in four days on expectations of a bigger-than-expected injection into gas inventories.
Philippines' First Gen seeks one LNG cargo for FSRU commissioning in Sept
Philippine power producer First Gen Corp will issue a tender probably in the next two weeks for one LNG cargo for delivery in September.
Enbridge acquires gas storage facility in British Columbia for $295 MM
Canadian pipeline operator Enbridge Inc said it would acquire Aitken Creek natural gas storage facility in British Columbia from FortisBC Holdings Inc for $294.68 MM.
US nat gas futures ease 1% to 2-wk less cold forecasts
U.S. natural gas futures slid about 1% to a two-week low on Friday on forecasts for less cold weather and lower heating demand over the next two weeks than previously expected.
Energy firms bet big on carbon capture projects in U.S., Canada
Many energy companies in North America are investing in carbon capture technologies/projects. The following are several that are being implemented in the region.
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
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.
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.
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.
- REV LNG and HOPA continue LNG bunkering in Hamilton with first european vessel
- Russia's Arctic-2 LNG set to start production during 2023
- LNG imports from Russia rise, despite cuts in pipeline gas
- Qatar natural gas production and exports stable as country eyes expansion
- Norway approves connection of Western Europe's largest LNG plant to grid
