Business & Markets

Slovakia Strikes Supply Deals for LNG, Piped Norwegian Gas

Slovakia's state gas firm SPP has struck deals to buy enough piped Norwegian gas and other shipments of LNG to cover around 65% of the country's demand until the end of next year, Economy Minister Richard Sulik said.

PIT and CNX Resources Partner on Emission Reduction Measures

Natural gas will be used at the airport and transformed into alternative fuel through CNX technology.

Morgan Stanley's Shareholders Vote to Continue Financing Fossil Fuel Projects

Shareholders in Morgan Stanley voted against a proposal proposed by non-profit foundation Sierra Club to stop lending to new fossil fuel projects, in line with the bank's board of directors orientation.

Santos CEO: South Korea Needs Australian LNG with Carbon Capture

Santos CEO Kevin Gallagher urged South Korea on Thursday to invest in Australian gas combined with carbon capture and storage to help meet South Korea's needs until 2050.

Sources: Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake

Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India's willingness to step into the space left by Western companies following Moscow's invasion of Ukraine.

Enbridge Advancing Construction of Natural Gas Pipeline to Venture Global's LNG Facility

Enbridge said its Gator Express Meter and Venice Extension projects would supply about 1.5 Bcf/d of gas to Plaquemines, and expects the Gator Express pipeline to enter service in 2023 and the Venice Extension in 2024. The estimated cost for both projects is $400 million.

Venture Global Decides to Build Louisiana Plaquemines LNG Export Plant

Venture Global has closed on the $13.2 billion project financing for the initial 13.33 million tonnes per annum phase of the project and associated Gator Express pipeline.

Technip, Samsung Engineering JV Bags Texas LNG Work

Texas LNG Brownsville, a four million tons per annum LNG export terminal to be constructed in the Port of Brownsville, Texas, has executed an agreement with Technip Energies USA and Samsung Engineering Co. to lead the delivery of the facility via a joint venture.

Cheniere Inks 20-Year LNG Supply Deal with South Korea's Posco

POSCO International has agreed to purchase roughly 0.4 million tonnes per annum of LNG from Cheniere on a free-on-board basis for a term of 20 years beginning in late 2026.

Sempra Strikes LNG Supply Deal with Germany's Largest Power Producer

Sempra Energy has agreed to sell about 2.25 million tonnes per annum of LNG to Germany's largest power producer, RWE AG, which is trying to wean itself off Russian gas.

German Chancellor: Germany is Keen to Pursue Gas Projects with Senegal

Germany wants to intensively pursue gas and renewable energy projects with Senegal, against the backdrop of the war in Ukraine and its impact on energy and food prices, Chancellor Olaf Scholz said.

Report: Houston Region Poised to Become a Global Clean Hydrogen Hub

With the U.S. Department of Energy set to announce plans for $8 billion in funding for clean hydrogen hubs across the country, a new report finds that Houston, long considered the “Energy Capital of the World,” is well positioned to leverage Texas’ vast energy resources to become a global clean hydrogen hub.

Argentina Easing Energy Firms' FX Access to Spur Vaca Muerta Development

Argentina is easing access to foreign currency for oil and gas companies that increase production in the South American country, part of a bid to accelerate the development of the huge Vaca Muerta shale formation and trim reliance on costly imports.

TotalEnergies to Supply LNG for South Korea's Hanwha Energy

TotalEnergies has signed a long-term sale contract with South Korea's Hanwha Energy Corp. for the supply of 600,000 metric tons of liquefied natural gas per year over 15 years, the French energy group said on Tuesday.

Norway's Hammerfest LNG Plant Extends Outage until May 27

Norway's Hammerfest LNG plant is now expected to restart on May 27, four days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco said.

Russia Stops Gas Flows to Finland Over Payments Dispute

Russia's Gazprom on Saturday halted gas exports to neighboring Finland, in the latest escalation of an energy payments dispute with Western nations.

S.Korean Court Dismisses Plea to Block Loans to Fund Deep-Sea Gas Pipeline in Australia

A South Korean court has dismissed an application from a group of Indigenous Australians that said they were not properly consulted on the Barossa project and the planned 260-km (162-mile) pipeline that will connect offshore gas facilities to an existing pipeline that runs to Darwin.

Sempra Signs Carbon Capture Deal for Proposed Louisiana Project

Houston-based Sempra said the proposed project, Hackberry Carbon Sequestration, could potentially store up to 2 million tonnes of carbon dioxide per year if approved, utilizing the Cameron LNG Phase 1 and 2 export terminals as the anchor source for the captured and sequestered carbon dioxide.

Blackstone Unit Acquires 49% Stake in US LNG Facility

Blackstone Inc.'s credit investment unit has bought a 49% stake in an LNG facility in Georgia and Kinder Morgan will continue holding the remaining 51%.

Iran to Revive Gas Pipeline Project to Oman

Iran's oil minister has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman. The pipeline, which has been in the works since 2013, was delayed due to price disagreements and U.S. pressure on Oman to find other suppliers.

Germany, Qatar Sign Energy Partnership Agreement Focused on Gas

Germany and Qatar have signed a declaration to deepen their energy partnership, with a focus on trade in hydrogen and LNG, as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine.

Finland Leases Floating LNG Terminal for 10 Years to Break Free from Russian Gas

Finland has agreed to a 10-year charter for a floating storage and regasification vessel with U.S. based Excelerate Energy to help replace Russian gas supply, finance minister Annika Saarikko said on Friday.

RWE: Germany Can Be Independent from Russian Gas by Spring 2025

Germany can wean itself off Russian gas within the next three years, the CEO of the country's largest power producer, RWE, told a newspaper.

Russia to Halt Gas Flows to Finland on Saturday

Russia's Gazprom has informed Finland it will halt flows of natural gas from Saturday morning, Gasum said on Friday, after the Finnish state-owned gas wholesaler refused to pay its Russian supplier in rubles.

EnLink Moves Forward with Permian-Houston Natgas Pipeline Project

EnLink Midstream will move forward with the construction of the Matterhorn Express Pipeline, a Permian-to-Houston pipeline that will transport up to 2.5 Bcf/d of natural gas through about 490 miles of pipe.

Israel Ramping Up Gas Output, Looks to Help Supply Europe

Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace Russian supply.

UGI Commits Funding for Renewable Natural Gas Projects in South Dakota

The first set of projects, known as a cluster, will be built at three farms located north of Sioux Falls, SD, and is expected to generate approximately 300 million cubic feet of RNG annually once completed in calendar year 2024.

ADNOC Awards Fujairah LNG FEED Contract to McDermott

McDermott has been awarded a contract by ADNOC to provide front-end engineering design services for the new Fujairah LNG facility, which is located approximately 155 miles (250 km) from Abu Dhabi, UAE.

Panama to Develop Largest Advanced Biorefinery to Make Lower-carbon Aviation Fuel

The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday.

Chevron to Launch Carbon Capture Project in San Joaquin Valley

Chevron Corp. said on Wednesday it was launching a carbon capture and storage (CCS) project aimed at reducing the carbon intensity of its operations in San Joaquin Valley, California.