Natural Gas
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.
Higher LNG Exports May Turbocharge US Energy Transition
Sales of U.S. "freedom gas" are on track to smash volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher natural gas prices.
Israel, Lebanon Set Maritime Boundaries on Path to Offshore Production
Lebanon and Israel have finalized a U.S.-brokered deal that sets maritime boundaries for the first time, clearing a path for more offshore gas production and infrastructure development in the Eastern Mediterranean.
Denmark's Orsted Signs Deal for Norwegian Gas via Baltic Pipe
Orsted AS has signed a supply deal for Norwegian gas from Equinor to be delivered via the newly constructed Baltic Pipe, cushioning the impact of Russian gas cuts on Danish energy markets.
Europe's Natural Gas Demand Falls on Industrial Cutbacks
Europe slashed its natural gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were unevenly spread between countries.
Serbia's New Government Makes Energy Infrastructure Top Priority
The Serbian parliament appointed a new government on Wednesday whose main priorities are EU membership and investment in oil and gas pipelines and other energy infrastructure.
Factbox: Why European Gas Prices Have Been Falling
Despite dwindling Russian gas pipeline supplies, Dutch front-month gas, the European benchmark, has fallen 67% since hitting an all-time high in August to around 100 euros per megawatt hour and is at the lowest level since mid-June.
EU Energy Chief Says Gas Price Cap Possible This Winter
The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc's energy chief said on Wednesday.
U.S. Gas Production Hits Record High, Storage Still Trails
U.S. natural gas production reached a record high in September, but gas inventories remained below average despite 20% higher stock builds during the month, according to government reports.
Indonesia Expects New Gas Supply Deal with Singapore
Indonesia expects to sign a new long-term contract next week to supply Singapore with piped natural gas via the Grissik-Batam-Singapore Pipeline, its energy minister said.
Serbia Plans Nearly $12 Billion in Pipeline, Energy Projects
Serbia's new government plans to invest 12 billion euros ($11.83 billion) in energy projects, including oil and gas pipelines and increased power production capacity, prime minister designate Ana Brnabic told parliament on Tuesday.
U.S. Natgas Gains 5% on Technical Move, LNG Export Forecast
U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as LNG exports increase once export plants exit maintenance outages in coming weeks.
China's Oil Imports Fall as Pipeline Gas, LNG Rebound
China's crude oil imports in September were 2% below their level a year earlier as independent refiners curbed throughput amid thin margins and lackluster demand, but natural gas imports bounced back.
How Germany is Replacing Russian Gas
Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia since its invasion of Ukraine.
Analysis-Pipeline Blasts Leave Nord Stream in Insurance Limbo
With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims.
US Natural Gas Hits 7-Month Low, Set for Ninth Weekly Loss
U.S. natural gas futures dropped 7% on Friday to a seven-month low after falling for nine weeks in a row in a move that could help cut U.S. consumer heating costs this winter.
US FERC Says Winter Natural Gas Prices Will Be Up from Recent Years
Natural gas prices at major U.S. trading hubs for the upcoming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission said on Thursday.
Gulf Coast Midstream Launches Open Season for Natural Gas Storage Services at Freeport Hub
(P&GJ) — The Freeport Energy Storage & Sequestration Hub is strategically located for providing high deliverability, multiple inventory cycle gas storage services to the Texas Gulf Coast intrastate market, with potential connectivity to as many as 11 intrastate pipeline segments.
QatarEnergy Expanding in LNG, Won't Divert Supplies to Europe
QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert LNG contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday.
US Natural Gas Pipeline Exports to Mexico Reach Record High
(P&GJ) — Natural gas pipeline exports from West Texas to Mexico averaged 1.6 Bcf/d (45 MMcm/d) during May 2022 – the most pipeline exports from West Texas on record, U.S. Energy Information Administration (EIA) data showed.
Germany Receives First Gas Deliveries Directly from France
Germany on Thursday received the first direct gas deliveries from France through a pipeline link under a deal aimed at helping both countries cope with current energy supply problems, the French grid operator GRTgaz said.
Putin Moots Major Gas Hub in Turkey with Nord Stream Supplies
President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
