Natural Gas
U.S. Natural Gas Prices Surge 7% to 25-Month High as Freeze Cuts Output
U.S. natural gas futures jumped about 7% to a 25-month high on Wednesday as extreme cold in some parts of the country boosted demand for the fuel for heating and cut output by freezing oil and gas wells.
Exxon Plans Large-Scale Gas Pipeline, LNG Project in Guyana
Exxon Mobil is expanding natural gas production in Guyana with a large-scale project, including new pipelines, LNG exports, and gas supply for power and petrochemical production.
Minnesota-Wisconsin Gas Pipeline Project Awaits Regulatory Decision
The Northern Lights 2025 Expansion Project is set to boost natural gas capacity across Minnesota and Wisconsin, with key pipeline extensions and upgrades planned for completion by November 2025.
Kinder Morgan Finalizes $640 Million Purchase of North Dakota Gas Gathering System
Kinder Morgan Inc. announced the completion of its $640 million acquisition of a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC.
Diamondback Energy Expands in Permian with $4.08 Billion Double Eagle Deal
Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the oil-rich U.S. Permian Basin.
Petrobras Unit Launches Tender for Eight Gas Tankers, 13 More to Come by end-2026
Transpetro, a unit of Brazil's state-run oil company Petrobras, has launched an international tender to contract eight gas tankers and expects to launch 13 others by the end of next year, Chief Executive Sergio Bacci said at an event on Monday.
Exxon to Increase Gas Production, Transport from Hammerhead Project, Offshore Guyana
A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday.
TotalEnergies, ENI Sign Agreement to Export Cyprus Block 6 Gas Through Egypt
TotalEnergies and ENI, partners in Cyprus offshore Block 6 (TotalEnergies 50%, ENI 50% operator), have signed a Host Government Agreement (HGA) with Egypt and the Republic of Cyprus related to the development of Block 6 gas resources.
U.S. Natural Gas Climbs to Three-Week High on Rising LNG Flows, Colder Temps
U.S. natural gas futures climbed about 3% to a three-week high on Friday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for colder weather lifting expected heating demand next week.
Howard Energy Partners Acquires Interest in 200-Mile, 1.1 Bcf/d Midship Pipeline in Oklahoma
The pipeline, which runs from Kingfisher County to near Bennington in the Anadarko Basin, connects natural gas production from the SCOOP and STACK plays to Gulf Coast and Southeast demand markets.
Japan's Inpex Targets FID for Indonesia's Abadi LNG Project in 2027
The project, facing delays and a recent ownership change, aims for production in the early 2030s, contributing to Inpex's growth in LNG output and its investment in cleaner energy solutions.
U.S. Natural Gas Prices Jump 6% to Two-Week High on Rising LNG Flows, Big Storage Draw
U.S. natural gas futures rose 6% to reach a two-week high, driven by a larger-than-expected storage draw and increased LNG export flows. With cold weather forecasts and higher demand, natural gas prices have surged, reflecting tighter supply conditions and robust export activity.
India's Gas Demand Set to Surge by 2030, Doubling LNG Imports, Says IEA
India's natural gas consumption is projected to increase by 60% by 2030, doubling the country's LNG imports. Driven by urbanization and industrialization, this surge in demand will require strategic planning and expansion of LNG infrastructure to manage future supply challenges.
Williams Beats Q4 Profit Estimates on Acquisition Gains, Raises Dividend
Williams surpassed fourth-quarter profit estimates, driven by acquisitions and its Regional Energy Access expansion project. The company raised its dividend and boosted its profit forecast, citing increased gas demand from sectors like AI data centers.
Austria’s Gas Hub Rethinks Strategy After Russian Transit Ends
Austria’s Central European Gas Hub saw a decline in trading volumes following the halt of Russian gas transit but is pivoting toward regional trade, biogas, and hydrogen opportunities. CEO Gottfried Steiner highlighted the hub’s role in a shifting European energy market.
Chevron Plans to Cut 15% to 20% of Global Workforce by 2026
Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.
Elliott Builds $2.5 Billion Stake in Phillips 66, Pushes for Midstream Business Sale
Elliott Investment Management has built a $2.5 billion stake in Phillips 66 and is pushing for the sale of its midstream business. The activist investor argues that urgent changes are needed to boost shareholder returns, including divesting midstream assets and restructuring operations.
Turkey, Turkmenistan Sign Gas Supply Deal, Flows Set for March
Turkey and Turkmenistan have signed a deal to begin Turkmen natural gas flows to Turkey on March 1, Turkish Energy Minister Alparslan Bayraktar said. The agreement strengthens energy ties and enhances regional supply security.
Sapphire, Tulip Compression to Deploy Clean Energy Tech in India’s Gas Sector
The collaboration will bring Sapphire’s FreeSpin In-line Turboexpander (FIT) technology to pressure regulation stations across the country, aiming to improve energy efficiency and reduce emissions.
Energy Transfer Secures Natural Gas Supply Deal with CloudBurst for Texas Data Center
Energy Transfer signed a long-term natural gas supply agreement with CloudBurst Data Centers for its planned Texas facility, marking the pipeline operator’s first direct deal with a data center.
Recent Cold Snap Led to Fourth-Largest U.S. Natural Gas Storage Withdrawal, EIA Says
The U.S. recorded its fourth-largest weekly natural gas storage withdrawal in mid-January as frigid temperatures drove up consumption, the EIA said. Stocks fell by 321 Bcf, nearly 70% above the five-year average, with inventories now 4% below historical levels.
Baltic States Cut Ties with Russia’s Power Grid, Link to EU System
Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and linked to the EU system, marking a historic shift aimed at enhancing energy security and reducing dependence on Moscow.
Welcome Back to P&GJ’s Annual Pipeline Conference
For the first time since 2022, Pipeline & Gas Journal will host a midstream event to discuss construction and corrosion challenges, and to explore what lies ahead in what is expected to be a more favorable regulatory and permitting climate.
Germany's Brunsbuettel, Wilhelmshaven LNG Terminals See Strong Demand for Regas Slots
Germany’s Deutsche Energy Terminal successfully sold all available LNG regasification slots at Brunsbuettel and Wilhelmshaven, reflecting strong demand as Europe seeks alternative gas supplies.
Venture Global’s CP2 LNG Project Advances with Environmental Report
Venture Global's CP2 LNG export project in Louisiana moves forward as FERC staff releases a draft environmental report, concluding emissions impacts are "not significant."
Sarawak Gas Deal to Have Limited Impact on Petronas Earnings, Analyst Says
Petronas' earnings are expected to take only a minor hit—up to 11%—from its gas distribution deal with Sarawak, analysts say, though the agreement could set a precedent for other states to seek greater control.
Pakistan May Renegotiate LNG Deal with Qatar in 2025
Pakistan’s LNG agreement with Qatar includes a clause allowing renegotiation in 2025, but no decision has been made, according to the country’s petroleum minister.
North Sea Midstream Partners Names Angela Fletcher as CEO
Fletcher, who has served as NSMP’s chief commercial officer for the past year, takes over as the midstream operator continues efforts to support UK energy security and transition efforts.
Alberta Eyes Japan for LNG Deals Amid U.S. Tariff Threat, Minister Says
Canada's Alberta province, a major gas producer, needs to find new export markets in face of a U.S. tariff threat, and expanding in Japan is an important target, its minister of environment and protected areas, Rebecca Schulz, told Reuters.
Harvest Alaska to Redevelop Kenai LNG Terminal to Boost Southcentral Gas Supply
Harvest Alaska has reached an agreement with Marathon Petroleum Corporation (MPC) and Chugach Electric Association to acquire and redevelop the Kenai LNG Terminal, aiming to address Southcentral Alaska’s energy needs.
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Colonial Pipeline's Main Gasoline Artery Shut for Leak Investigation Through Friday
