Natural Gas
Pennsylvania’s Gas Drilling Impact Fee Distribution Rises by $100 Million
The Pennsylvania Public Utility Commission (PUC), which has been collecting fees from gas wells and distributing them to local governments, said it has collected and distributed over $2.2 billion to Pennsylvania communities.
US Natural Gas Futures Hold Near 11-Week Low as LNG Exports Decline
U.S. natural gas futures held near an 11-week low on Friday as forecasts for hotter weather, higher demand and less output than last month offset a drop in LNG exports due to the extended shutdown of the Freeport LNG export plant in Texas.
EU, Norway Agree to Increase Gas Deliveries as Russian Cuts Deepen
The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.
Canada Seeking Pathway to Enable German Gas Flow Amid Russian Sanctions
Ottawa is evaluating options to help restore German gas supplies as a crucial Nord Stream 1 pipeline part is stranded in Canada due to Russian sanctions, the Canadian Natural Resources Minister said in an interview with Bloomberg on Tuesday.
Denmark Issues 'Early Warning' on Russian Gas Supply
Denmark's energy agency said on Monday it had activated the first step of a three-stage emergency gas supply plan, which effectively means a tighter monitoring of the market, due to uncertainty about gas supplies from Russia.
US Exported Record Amounts of LNG in 2021
U.S. exports of LNG set a record high in 2021, averaging 9.7 Bcf/d (275 MMcm/d) according to our most recent Natural Gas Monthly. U.S. LNG exports increased by 50% from 2020.
Demand for US Exports to Drive More Natural Gas Production
The reference case in the U.S. Energy Information Association’s (EIA’s) Annual Energy Outlook (AEO2022) projects U.S. natural gas production to continue to increase through 2050. The reference case is the baseline in AEO2022, and it projects energy trends based on current laws, regulations, and market conditions.
EIA Expects Nine New Gulf of Mexico Natural Gas, Crude Oil Fields to Start in 2022
The U.S. Energy Information Administration forecasts that new fields coming online in 2022 will account for 5% of natural gas production and 14% of crude oil production in the U.S. Federal Offshore Gulf of Mexico by the end of 2023.
India Moves to Modernize, Expand Gas Pipeline Network
Indian government says that it foresees an increase in the share of natural gas in the country’s energy mix – from 6% in 2021 to 15% by 2025. A total of $60 billion of new investment planned in the country’s natural gas infrastructure by 2024, with most of that coming from the private sector.
Austria Returns to Coal After Russia Halves Gas Deliveries
Austria's government agreed with utility Verbund on Sunday to convert a reserve, gas-fired power plant so that it can produce electricity with coal should restricted gas supplies from Russia result in an energy emergency.
Ukraine to Tap 109 MMcm/d of Spare Gas Capacity to Offset Nord Stream 1 Flows
Ukraine has around 109 million cubic meters a day (MMcm/d) of spare gas capacity through a transit route to Europe which could be used to offset lower flows through the Nord Stream 1 pipeline, Ukraine's gas transmission operator said on Monday.
ConocoPhillips Earns Stake in Qatar’s $30 Billion LNG Expansion Project
ConocoPhillips has signed a deal with QatarEnergy on Monday for a 3.12% stake in the North Field East expansion project, the world's largest LNG project, following agreements with TotalEnergies and Eni.
Argentina Contracts Tenaris for 350-Mile Pipeline Project to Move Gas from Vaca Muerta
Energia Argentina has signed a contract with Tenaris to complete the 563-km (350-mile) Presidente Nestor Kirchner Gas Pipeline, which will transfer natural gas from the Vaca Muerta shale formation and allow Argentina to forgo costly LNG imports.
Sources: Tug Hill Explores Sale of Natural Gas Producer THQ Appalachia, Pipeline Firm XcL Midstream
Tug Hill and Quantum Energy are exploring a sale of U.S. natural gas producer THQ Appalachia I LLC and XcL Midstream, a pipeline firm that moves THQ's gas to market in a deal that could fetch more than $5 billion, sources told Reuters on Friday.
Lebanon, Egypt to Finalize Gas Import Deal on June 21
Lebanon will sign a "final" agreement to import gas from Egypt on June 21, its energy ministry told Reuters, after months of delays to a plan viewed as critical to boosting power supplies for Lebanon's stricken economy.
Qatar Advances Talks with China Over Investment in Gas Field Expansion Project
China's national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world's largest LNG project and buy the fuel under long-term contracts, Reuters reported on Friday.
Targa Resources to Acquire Permian Gas Gathering, Processing Assets in $3.55 Billion Deal
Targa Resources has agreed to buy natural gas processor Lucid Energy Group for $3.55 billion in cash, a deal that includes a portfolio of about 1,050 miles of natural gas pipelines in the Delaware Basin.
Italgas Plans to Invest $4.7 Billion to Upgrade Gas Pipeline Network in Italy
Italgas plans to invest $4.7 billion to 2028 to complete the upgrade of its domestic Italian network, which includes 74,000 km (46,000 miles) of regulated gas pipelines, the company said on Wednesday.
Gazprom Cuts Gas Exports to Italy by 15% Following Nord Stream Pipeline Disruptions
Russia's Gazprom cut its gas exports to Italy by around 15% on Wednesday, Italian energy firm Eni said, a move that comes as the Russian group is also curbing its gas supplies via the Nord Stream 1 pipeline, blaming Western sanctions for disrupting repair works it needs to do on the network.
Aemetis Completes 20 Miles of California RNG Pipeline, Gets OK for Final Stage of Construction
Aemetis Inc. has completed 20 miles of renewable natural gas (RNG) pipeline and received approval for construction of an additional 19 miles in Merced County, California, with project completion set for the fourth quarter of 2022.
EU, Israel and Egypt Ink Framework Deal to Boost East Med Gas Exports to Europe
Israel and Egypt will aim to boost natural gas exports to Europe under a memorandum of understanding (MoU) signed on Wednesday as the continent looks to replace Russian energy imports.
Natural Gas Companies Look to Hydrogen to Extend Life of US Pipelines
Natural gas companies plan to use hydrogen and renewable natural gas made from landfills or agricultural waste to extend the life of existing pipelines in a future carbon-free world, energy executives said at the Reuters Global Energy Transition conference on Tuesday.
West Africa Wants Eni to Start Production at Newly Discovered Field to Meet Gas Demand
Ivory Coast wants Italy's Eni to bring its recently discovered offshore field to full production earlier than a planned 2026 timeline to meet local and regional gas demand, its mines and petroleum minister said on Tuesday.
Southwestern Energy, Uniper Ink Supply Agreement for Responsibly Sourced Gas
Gas producer Southwestern Energy Co. has signed a multiyear, certified Responsibly Sourced Gas sales agreement with Uniper, one of Germany’s largest publicly listed energy supply companies.
Nord Stream Gas Capacity to Europe Constrained by Repair Delays
The capacity of Gazprom's Nord Stream 1 pipeline to supply gas to Europe is partly constrained as sanctions make it impossible for equipment supplier Siemens Energy to return a turbine being maintained in Canada, the companies said.
DNV Confirms Feasibility and Maturity of EastMed Gas Pipeline
DNV has issued confirmation of the feasibility statement of the EastMed gas pipeline, a 2,000-km (1,242-mile) long onshore and offshore natural gas conduit project meant to connect offshore gas reserves from the Levantine Basin to Greece and further to southeastern European countries.
Poland to Auction Capacity on Gas Links with Denmark, Slovakia, Lithuania
Poland's state-owned gas pipeline operator Gaz-System will next month auction capacity to ship the fuel via new interconnections with Denmark, Slovakia and Lithuania.
Mexico’s President Pledges New Gas Pipeline, Liquefaction Plant in Oaxaca
Mexican President Andres Manuel Lopez Obrador has pledged to see through the completion of a gas liquefaction facility in Oaxaca as well as a new pipeline to serve the facility, committing an investment of $6 billion.
PG&E Commissions New Renewable Natural Gas Pipeline in California
Pacific Gas and Electric Company (PG&E) has partnered with Aemetis Inc. to officially commission the interconnection of a new renewable natural gas facility in Keyes, California.
Matador Resources Acquires Permian Pipeline, Gathering System in $75 Million Deal
Matador Resources Co. has agreed to acquire Summit Midstream's gathering and processing system in the Permian Basin for $75 million, which includes roughly 45 miles of natural gas gathering pipelines.
- 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
