storage

Italy awaits EU clearance on $5.2-B tariff to cover gas storage costs

Italy's energy authority is awaiting clarity from the European Union on whether a planned tariff to cover costs of gas storage filling, potentially worth $5.18 B, is in compliance with the single market rules.

Poland's Gaz-System chooses Mitsui O.S.K. Lines for FSRU

Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit.

U.S. natural gas supplies drop, record demand forecast due to extreme cold

U.S. natural gas supplies have fallen by the most in over a year as extreme cold froze wells, while demand for heating was on track to hit a record and lift both power and gas prices to multi-year highs.

Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada's CDPQ

Engie Brasil said it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec for $641 MM.

US natgas prices trade below 3-wk peak ahead of storage report

U.S. natural gas futures traded below the previous session's 3-wk high as investors awaited a weekly storage report due later in the day.

Williams to buy natural gas storage assets for $1.95 B

Pipeline operator Williams said it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 B.

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.

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.

U.S. natgas prices hold steady as surprise storage build offsets rising demand

U.S. natural gas futures were little changed as a surprise build in weekly storage and forecasts for less cold weather through mid-December than previously expected offset a drop in output over the past few days and forecasts for higher demand over the next two weeks.

The race for clean energy: LNG and LH2 as the next frontier in fuel technology

11/30/2023

This article presents a comparison of LNG and LH2 as fuels, and discusses the properties and characteristics of both, including energy density, transportation, storage, safety, environmental impact, availability and cost.

Centrica pumps gas from Rough storage into UK grid as demand rises

British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices.

Brazil's Petrobras to invest $102 billion in next five years

Brazil's Petrobras will invest around $102 B within the 2024-2028 period, representing a major boost in expected investments by the state-run oil company.

Indian Oil to double Ennore LNG terminal's capacity to 10 MMtpy

Indian Oil Corp aims to double the capacity of its LNG import terminal at Ennore in southern India to 10 MMtpy.

Japan approves JERA plan to keep surplus LNG in winter

Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of LNG in the winter as a strategic reserve in case of supply disruptions.

Germany builds up LNG import terminals

Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas, on which the European region relied heavily prior to Moscow's invasion of Ukraine last year.

EU poised to propose extending energy crisis measures - official

The European Commission wants to extend emergency energy measures passed last year to cope with Europe's gas crisis to guard against future price shocks and quickly build-out renewable energy.

Spain's gas imports fell 8.3% in October as gas storage remains full

Spain's natural gas imports fell 8.3% in October compared to the same month a year earlier as the country's gas storage remains at full capacity.

Germany's winter gas storage full, ready for cold

Germany has completely filled its winter gas storage and could start withdrawing volumes this month if the weather turns cold.

Finland receives LNG cargo, books more for the winter

A tanker carrying LNG docked at Finland's Inkoo terminal and has begun unloading, the second cargo to arrive since the damage last month to a Finnish-Estonian pipeline.

German regulator: gas supply much better than in 2022

Germany's gas supply is much better than it was a year ago, the country's energy regulator said on Thursday, still refraining from giving the all-clear as there is limited visibility on how harsh winter temperatures are going to be.

Navigator CO2 Ventures cancels carbon-capture pipeline project in U.S. Midwest

Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 Mmt of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground citing "unpredictable" state regulatory processes.

Italy's Eni, Britain agree to rules for carbon capture project

Italy's Eni said it had reached an agreement with Britain's government on the key terms and conditions for providing services in one of the carbon capture and storage projects under development in the country.

French gas operators say supplies sufficient for harsh winter

France will have enough gas supplies for the winter even in the event of severe cold weather in a further indication that Europe's second-biggest economy has managed to diversify its sources from Russia.

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

9/1/2023

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.

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