Natural Gas
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.
High Energy Prices Expected Through 2023
(P&GJ) — A variety of U.S. energy prices will remain historically high through 2023, including oil, natural gas, coal and electricity, according to its Short-Term Energy Outlook.
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.
Trinidad Asks US to Allow Venezuelan Gas Imports for LNG Plant
The government of Trinidad and Tobago is asking the United States to authorize Venezuelan gas imports to restart an idled liquefaction train in the Caribbean nation, four sources close to the talks said.
Indonesia's Medco Energi Signs 5-Year Gas Supply Contract with Singapore
Indonesian oil and gas group Medco Energi Internasional Tbk (MedcoEnergi) has signed an agreement with Singapore to continue supplying the city state with gas for five years, beginning August 2023.
US Natural Gas Falls 5% on Big Storage Build, Lower Demand Forecast
U.S. natural gas futures fell about 5% on Thursday on a bigger-than-expected storage build and forecasts for lower demand over the next two weeks than previously expected.
IEA: Europe Must Act Now to Avoid Winter 2023 Gas Shortages
Europe needs to act now to avoid a natural gas shortage next year given the loss of Russian supply and expectations Chinese demand will increase, the International Energy Agency said on Thursday.
Centrica Reopens UK's Rough Gas Storage Site in Time for Winter
British Gas owner Centrica has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday.
Energy Transfer Hikes Full Year Profit Forecast on Natural Gas Demand
Energy Transfer LP's raised its full profit forecast for the third time this year, helped by an acquisition as well as strong production and demand for natural gas that it moves on its pipelines.
MPLX Reports Higher Pipeline Throughput for Q3 2022
MPLX LP's total pipeline throughputs for the third quarter 2022 were 5% higher than the same time last year, while the company increased its quarterly cash distribution by 10%, it said in an earnings statement on Tuesday.
Enterprise’s Pipelines Transport Record Volumes of Products for Q3 2022
Enterprise's pipelines moved 11.3 million barrels per day equivalent of the products, while the company's natural gas pipelines transported a record 17.5 trillion British thermal units per day, the company said.
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
