Business & Markets

Poland's PGNiG Inks 10-Year Capacity Deal with Klaipeda LNG

Polish gas company PGNiG said on Friday it has secured regasification capacity at Lithuania's LNG terminal in Klaipeda in a 10-year deal.

Belgian, Danish Governments Clear Way for Europe’s First Trial of CO2 Storage in North Sea

(P&GJ) — Ministers from Belgium and Denmark have entered into a ground-breaking agreement to enable captured CO2 to be shipped across their boarders to be permanently stored in a sandstone reservoir 1,800 m (5,905 ft) beneath the seabed of the Danish North Sea.

EU Wants New Transaction-Based LNG Benchmark in Bid to Calm Prices

The European Union wants a new transaction-based benchmark for LNG as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.

Analyst: Argentina's Shale Output to Stall Amid Bottlenecks

The Vaca Muerta shale region in the Neuquen province needs more drilling rigs, hydraulic fracturing fleets and natural gas pipelines transport to continue growing, said Alexandre Ramos, Rystad Energy's vice president of shale research.

Expert Keynote Speakers Talk CCUS and Tax Credits at GEI’s Carbon+Intel Forum

Global experts and professionals in the carbon capture, utilization, and storage (CCUS) space, which is experiencing rapid growth, gathered together Wednesday on day one of Gulf Energy Information’s two-day Carbon+Intel Forum in Houston.

TotalEnergies to Move Forward with Natural Gas Contracts with Russia

TotalEnergies will stick to existing natural gas contracts in Russia as long as gas is not specifically targeted by European sanctions, the company's CEO said on Wednesday, reiterating a previously stated position.

EU Approves $5.2 Billion in State Funding for Hydrogen Projects

(P&GJ) — The European Commission has approved $5.15 billion in public funding for hydrogen projects. The commission claimed that this action could lead to an additional $6.7 billion in private sector investments.

More Than 20 Countries Agree to Boost Low-Emission Hydrogen Output by 2030

More than 20 countries, led by Japan, have agreed to boost output of low-emission hydrogen to at least 90 million tonnes a year by 2030 from 1 million tonnes now, the Japanese industry ministry said on Monday.

RWE, Neptune Energy Award Feasibility Study Contract for North Sea Hydrogen Project

RWE and Neptune Energy have awarded a series of technical feasibility study contract awards to Siemens Gamesa, H2SEA and Enersea to support concept engineering work for the H2opZee offshore green hydrogen project in the North Sea. Transportation to shore of this green hydrogen will be via pipeline.

Mysterious Gas Leaks from Russian Pipelines to Europe Raise Sabotage Fears

Europe was investigating leaks in two Russian gas pipelines that churned up the Baltic Sea on Tuesday and raised concerns from Copenhagen to Moscow about sabotage on infrastructure at the heart of an energy standoff.

Kinder Morgan Sells Half Its Stake in LNG Facility in Georgia for $565 Million

U.S. pipeline operator Kinder Morgan Inc. said it had sold half its stake in an LNG facility in Georgia to an undisclosed buyer for about $565 million and would use the funds to pay short-term debt and buy back shares.

Qatar Says Inflationary Pressures Impacting Oil, Gas Industry

Qatar's Minister of State for Energy Affairs said on Monday that inflationary pressures have led to rising production costs, delays in investment decisions, and increased policy uncertainty in the oil and gas industry.

Tellurian Says Driftwood LNG Deals with Shell, Vitol Scrapped

The company announced the canceled deals a few days after withdrawing a $1 billion high-yield bond sale that would have funded the initial construction of its proposed multibillion-dollar Driftwood LNG plants in Louisiana.

Report: Santos to Sell 5% Stake in PNG LNG for $1.1 Billion

Santos Ltd. has agreed to sell a 5% stake in PNG LNG to Papua New Guinea's state-owned Kumul Petroleum for $1.1 billion in a deal to be announced on Tuesday, the Australian Financial Review reported late on Monday.

Pressure in Defunct Nord Stream 2 Pipeline Plunges Overnight, Cause Unknown

Authorities in Germany are trying to establish what caused a sudden drop in pressure in the defunct Nord Stream 2 gas pipeline, with a spokesperson for its operator telling Reuters on Monday it could have been caused by a leak.

German Utility RWE Inks LNG Deal with ADNOC

German utility RWE has signed a deal with Abu Dhabi National Oil Company (ADNOC) to deliver LNG to Europe's largest economy by the end of December, RWE announced on Sunday.

Equinor Strikes 10-Year Deal to Sell Gas to Poland's PGNiG

Norway's Equinor said on Friday it had entered into a 10-year agreement to sell natural gas to Poland's PGNiG as the central European nation scrambles to replace flows from Russia before the winter heating season kicks in.

Greece's Sole LNG Terminal Ramps Up Imports to Replace Russian Gas

Greece has cut Russian gas imports by more than half this year thanks to increased deliveries from other producers to its sole LNG terminal near Athens, the country's gas grid operator said on Thursday.

Egypt Reports $500 Million Monthly Income from Natural Gas Exports

Egypt is earning about $500 million monthly from natural gas exports and aims to raise that figure to $1 billion "in the coming period," Finance Minister Mohamed Maait said in a statement on Thursday.

Argentina Readies Legislation to Advance Energy Sector, Including LNG Exports

Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that "would give certainty" to energy producers and help advance Argentina's LNG agenda.

Pieridae Advocates for TC Energy’s Pipeline Expansion Plan for Goldboro LNG Project

Pieridae Energy has asked the federal government to help ensure pipeline operator TC Energy would be able secure permits to expand gas supply pipelines in a timely fashion for the Goldboro LNG project, which it said can only go ahead if TC expands capacity on its existing pipeline network.

Sources: RWE, Uniper Close to Long-Term LNG Deals with Qatar

German utilities RWE and Uniper are close to striking long-term deals to buy LNG from Qatar's North Field expansion project to help replace Russian gas, three sources familiar with the matter said.

Portugal to Face Supply Shortage If Nigeria Fails to Deliver All LNG Due

Portugal could face supply problems this winter if it does receive all of the LNG it is due from Nigeria, the European Union country's environment and energy minister said on Monday.

Russia’s Gazprom Loads First Cargo from New Portovaya LNG Plant

Russia's energy giant Gazprom has loaded its first cargo from the Portovaya LNG plant close to the Russia-Finland border, which has a capacity of 1.5 million tonnes per annum.

Gas Companies Working 'Urgently' to Expand France-Spain Pipeline

Spanish gas system operator Enagas said on Thursday it was working "urgently" with French counterpart Terega on increasing the capacity of a cross-border pipeline as Europe scrambles to shore up its energy supplies.

Explainer: Why Western Canada Has Some of the Cheapest Natural Gas in the World

Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta's AECO hub, one of the largest storage facilities in North America and where the benchmark price for Canadian gas is set.

Blue Hydrogen Projects Projected to Exceed 2030 Targets in UK

(P&GJ) — The latest analysis from research and consultancy firm Westwood Global Energy Group showed that blue hydrogen projects account for over 16 GW of total announced hydrogen capacity in the U.K. and Norway, equivalent to approximately 90% of the hydrogen projects total for the same region.

Eni CEO: Italy Must Increase LNG Capacity in 2023

Descalzi said the state-controlled group, which last year imported about 21 billion cubic meters (Bcm) of gas from Russia out of a total of 29 Bcm imported by Italy, will replace little more than 50% of Moscow's supplies starting from this winter.

Pipeline Bottlenecks Force Canada’s Tourmaline, Kelt Exploration to Reduce Production

Two Canadian natural gas producers on Monday said they had temporarily reduced production due to pipeline bottlenecks that led to a collapse in western Canadian gas prices in the second half of August.

EPA Approves First-of-its-Kind Permanent Carbon Sequestration Plan in Permian Basin

(P&GJ) — Stakeholder Midstream's Pozo Acido well’s proximity to the most prolific interstate CO2 pipelines in the United States, such as Kinder Morgan's Cortez pipeline, allows Stakeholder to provide carbon sequestration to third parties in the Permian Basin and beyond.