Natural Gas

Waha Hub Natural Gas Still Falling Below Henry Hub Price

(P&GJ) — Since late 2021, the difference has been widening between the natural gas price at the Waha Hub in West Texas and the U.S. benchmark Henry Hub in Louisiana.

Natural Gas Producer Cenovus Forecasts 21% Increase in 2023 Capital Spending

Canada's Cenovus Energy on Tuesday forecast higher capital expenditure and production in 2023 and said its natural gas business could grow by as much as 25% in coming years due to higher prices.

Trafigura Enters $3 Billion Loan to Supply Germany's Sefe with Gas

Commodities trading firm Trafigura on Monday said it has entered into a $3 billion four-year loan to supply gas to German gas trader Sefe, formerly known as Gazprom Germania, and help Europe's largest economy secure volumes long-term.

Moldovagaz to Buy Gas from Energocom, Russia’s Gazprom

Moldova's natural gas company Moldovagaz will start buying gas from domestic supplier Energocom while continuing to buy it from Russia's Gazprom, the head of Moldovagaz said late on Saturday.

Outrigger Energy Sells Nearly 200 Miles of Natural Gas, Crude Pipeline to Summit Midstream

(P&GJ) — Outrigger Energy II LLC has completed the sale of its midstream system in Weld County, Colorado to Summit Midstream Partners LP, which includes approximately 160 miles of low and high pressure natural gas gathering pipeline and 30 miles of crude oil gathering pipelines with delivery to the Pony Express Pipeline.

Canada's TC Energy Gets Approval to Expand NGTL Gas Pipeline System

The West Path Delivery 2023 (WP2023) project will add about 40 km (25 miles) of new natural gas pipeline to the existing 25,000-km (15,534 miles) NGTL system, which ships gas across Canada and to U.S. markets.

Greece Expected to Nearly Quadruple Gas Export Capacity by 2025

Greece is becoming a European gas corridor and can nearly quadruple its gas export capacity to neighboring countries in the coming years thanks to new infrastructure under development, Maria Rita Galli, the CEO of the country's gas grid operator DESFA said on Wednesday.

API Publishes Two Updated Standards for Underground Natural Gas Storage

(P&GJ) — The American Petroleum Institute released two second-edition standards on Nov. 29 for natural gas storage in underground salt caverns and depleted hydrocarbon and aquifer reservoirs to help ensure a safe and reliable energy supply.

Exxon to Exit Africa in Crude Phaseout, Eyeing Low-Carbon Natural Gas Options

Exxon's departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural gas development on the continent, and to more lucrative projects in the Americas.

US Natural Gas Implied Volatility Hits Record on Delayed Freeport LNG Restart

U.S. natural gas futures implied volatility hit a record high on Tuesday following weeks of rapid price moves due to changing winter weather forecasts and questions about the restart of the Freeport LNG export plant in Texas.

New Fortress Finalizes Deal to Develop Lakach Gas Project in Mexico

New Fortress Energy said on Tuesday it had finalized agreements with Mexican state oil company Pemex for the development of an LNG project associated with the country's Lakach offshore gas field.

Equitrans Stops Natural Gas Leak at Pennsylvania Storage Facility

U.S. energy company Equitrans Midstream Corp. said it stopped a natural gas leak at its Rager Mountain storage facility in Jackson Township in Cambria County in western Pennsylvania on Thursday afternoon.

Mexico In Talks with US Storage Providers to Set Up Gas Reserve

Mexico is in talks with U.S. storage providers to create a strategic gas reserve that could be used in emergencies, an official with the country's state power utility said, after a 2021 cold snap left businesses in northern Mexico without gas.

EIG Targets Australia's Origin to Build Global LNG Company

EIG, teaming with Brookfield Asset Management in a A$15.5 billion ($10.5 billion) bid to split Australia's Origin Energy, is looking to use the deal to help build a global LNG company, its boss said on Wednesday.

New Fortress to Sign Deal for Mexico's Lakach Gas Project Next Week

U.S. company New Fortress Energy expects to sign an agreement next week with the Mexican government for the development of a LNG project associated with Mexico's Lakach offshore gas field, a company executive said on Wednesday.

UGI to Develop Fifth Renewable Natural Gas Project in Upstate New York

(P&GJ) — The project is expected to produce approximately 35 million cubic feet of RNG annually that will be delivered to a local natural gas pipeline serving the regional distribution system.

Trinidad Soon to Decide on Bids for Deepwater Gas Exploration Auction

Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said.

Germany Completes Construction of Wilhelmshaven Floating LNG Terminal

Germany on Tuesday completed construction of its first floating terminal for LNG at the North Sea port of Wilhelmshaven as it scrambles to secure more LNG and move away from Russian pipeline gas.

US Natural Gas Futures Pare Gains on Texas Freeport LNG Delay Rumors

U.S. natural gas futures pared earlier gains on Monday from up over 8% to up just 3% on unconfirmed rumors that Freeport LNG delayed the restart of its liquefied natural gas export plant in Texas from November to December.

Poland Gains Control of Gazprom’s Local Gas Pipeline Assets

Poland will take over Gazprom's Polish assets, a minister said on Monday, adding the move concerned the Russian company's 48% stake in Europolgaz, which owns the Polish section of the Yamal gas pipeline.

Mexico's Pemex to Work with EPA to Bring Down Methane Emissions

Mexican state oil company Pemex said Saturday that it would work with the U.S. Environmental Protection Agency (EPA) to reduce greenhouse gas emissions — especially methane — to meet ambitious international commitments.

Norway's Aker BP Wants "Price Floor" in European Gas Supply Deals

European buyers of Norwegian natural gas should commit to paying a minimum price if they want to obtain long-term supply deals that prevent price spikes like those seen this year, the chair of Norwegian producer Aker BP told Reuters.

US, EU Plan New Pledge Targeting Oil and Gas Methane Emissions

The United States and European Union plan to unveil a joint agreement at the U.N. climate summit this week to step up efforts to reduce emissions of the potent greenhouse gas methane from the fossil fuel sector and are hoping other nations will sign up.

INGAA CEO Writes to President Biden to Address New England Reliability Concerns

(P&GJ) — Interstate Natural Gas Association of America (INGAA) President and CEO Amy Andryszak sent a letter to President Biden on Monday to address New England gas-electric reliability concerns brought forward in a letter from Eversource President and CEO Joseph R. Nolan Jr.

Two New Natural Gas Reservoirs Discovered in Bahrain

Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday.

Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece

Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece's Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday.

UK to Announce US Gas Deal After Climate Change Summit

Britain hopes the United States will promise about 10 billion cubic meters of LNG over the coming year, the Telegraph newspaper reported, adding that discussions about the deal are in their final stages and an announcement could come in a week or two.

Stakeholder Midstream to Double Gas Capacity in Permian with Second Processing Train

(P&GJ) — Stakeholder Midstream LLC said on Oct. 26 that it reached a final investment decision on the installation of a second treating and processing train at its Campo Viejo facility. The installation of Train II will double the current inlet gas capacity from approximately 80 MMcf/d to approximately 160 MMcf/d.

Energean Drilling Program Discovers More Gas Off Israel

Eastern Mediterranean-focused oil and gas producer Energean has made a commercial discovery at its Zeus exploration well off the coast of Israel and upgraded its neighboring Athena discovery, it said on Monday.

Gas Producer Pampa to Invest $550 Million in Vaca Muerta Shale Push Next Year

Pampa Energía, the third largest gas producer in Argentina's Neuquén basin, will invest $550 million in 2023 to increase its unconventional production from the huge Vaca Muerta shale formation, the firm's president Marcelo Mindlin said.