Processing/LNG
TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand
TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.
Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline
Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.
EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance
The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.
Sempra's Port Arthur LNG Phase 2 Progressing Faster Than Cameron LNG Expansion, CFO Says
The Texas-based Port Arthur project benefits from a continuous construction agreement with Bechtel and is on track to receive its non-FTA export permit early next year. Meanwhile, the timing for financial approval of the Cameron expansion remains uncertain.
Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant
Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.
Sempra Misses Profit Estimates on LNG Expenses; Gasoducto Rosarito Pipeline Nears Commercial Launch
Sempra’s third-quarter profit fell short due to rising LNG-related costs and lower utility earnings. Despite this, the Gasoducto Rosarito Pipeline remains on track for commercial operation, supporting Sempra's LNG export ambitions.
New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility
New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.
Exxon Mobil to Sell Argentina's Vaca Muerta Assets to Pluspetrol
Exxon Mobil has agreed to sell its oil and gas assets in Argentina's Vaca Muerta shale formation to Pluspetrol, including five blocks in Neuquen province and its stake in pipeline operator Oldelval.
Snam CEO Praises EU Approval of Adriatic LNG Acquisition
Snam CEO Stefano Venier welcomed the European Commission's approval of the Adriatic LNG acquisition, a deal that will bolster Italy's energy security. Snam and VTTI now hold stakes in the terminal, crucial for Italy's LNG supply as the country shifts away from Russian gas.
Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation
Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.
Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction
Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.
Britain's Centrica Secures 10-Year U.S. Gas Deal with Coterra to Bolster LNG Portfolio
British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's liquefied natural gas (LNG) portfolio.
Tokyo Gas in Talks to Acquire Stake in Woodside’s Louisiana LNG Project
Tokyo Gas is in talks with Woodside Energy to acquire a stake in the Louisiana LNG project, an ambitious U.S. Gulf Coast facility poised to convert U.S. shale gas into LNG for export. This potential investment aligns with Tokyo Gas’ strategy to secure long-term U.S. gas supplies.
Cheniere Boosts Annual Forecast as Corpus Christi LNG Project Nears Start
Cheniere Energy raised its annual profit forecast, citing strong demand for LNG and progress on its Corpus Christi expansion, expected to boost output by year-end. The top U.S. LNG exporter also reported increased third-quarter exports and higher spot prices in Asia, fueling its outlook for continued growth in global LNG markets.
Trump Victory Could Accelerate End of U.S. LNG Export Moratorium, Says Technip Energies
Technip Energies' CEO Arnaud Pieton suggested that a potential victory for Donald Trump in the upcoming presidential election could expedite the lifting of the U.S. moratorium on liquefied natural gas (LNG) exports.
Cheniere Sets Methane Emissions Target for LNG Facilities
Cheniere Energy Inc. has established a voluntary, measurement-informed Scope 1 annual methane intensity target for its liquefaction facilities. This target is part of the company's climate strategy and draws on data from its multi-scale emissions measurement and mitigation programs.
ONEOK’s Q3 Profit Surges 53% on Rocky Mountain NGL Demand; Annual Forecast Narrowed
ONEOK’s third-quarter profit rose 53%, driven by strong natural gas and NGL demand in the Rocky Mountain region. The pipeline operator narrowed its annual forecast, reflecting growth in its NGL and refined products segments and continued asset expansion.
U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
U.S. liquefied natural gas (LNG) exports could face setbacks if Donald Trump wins the election and imposes a proposed 60% tariff on Chinese imports, analysts say. The move may lead to trade tensions and reduce demand for U.S. LNG from China, affecting export growth.
EQT Sells Remaining Pennsylvania Natural Gas Assets to Equinor for $1.25 Billion
EQT Corp. has agreed to sell its remaining Pennsylvania natural gas assets to Equinor for $1.25 billion, with proceeds aimed at reducing debt following its recent pipeline acquisition. The transaction also expands Equinor’s U.S. production footprint in the Marcellus shale.
Phillips 66 Q3 Profit Surges on Midstream and Chemicals Growth
Phillips 66 reported a third-quarter profit surge, driven by strong performance in its midstream and chemicals segments, which helped offset lower refining margins amid softer fuel demand.
Egypt and Eni Seek Moves to Support Gas Production
Egypt's president met with Eni CEO to discuss moves aimed at supporting gas production, after the African country was forced to turn to the liquefied natural gas (LNG) market to cover domestic demand.
Panama Canal Looking to Increase LNG Vessel Traffic After 65% Decline
The Panama Canal aims to regain vessel traffic carrying U.S. liquefied natural gas to Asia, as demand in that market rises.
Tanker at Venture Global LNG’s Plaquemines Plant Suggests First LNG Soon
Energy analysts have said they were waiting for a vessel to go to Venture Global's Plaquemines plant as a sign that the facility was moving closer to producing first LNG.
Enterprise Products Acquires Piñon Midstream
Enterprise Products’s previously announced $950 million cash acquisition of Piñon Midstream, LLC has concluded.
EIG’s MidOcean Energy Acquires Additional 15% Interest in Peru LNG From Hunt Oil
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG announced that it acquired an additional 15% interest in Peru LNG from Hunt Oil Company.
Exxon Mobil, Qatar Receive 3-Year Extension for Golden Pass LNG Plant in Texas
Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed.
AG&P LNG to Acquire Australia's Venice Energy, Develop South Australian Import Terminal
Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG has agreed to fully acquire Australian energy infrastructure developer Venice Energy and develop its Outer Harbor import terminal in South Australia.
JPMorgan in Talks to Resume Physical LNG Trading After Decade-Long Hiatus: Report
JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter.
LNG Buyers Push for Flexible Supply Contracts to Adapt to Fluctuating Power Demand
Japan and other top liquefied natural gas (LNG) buyers are calling for more supply flexibility in order to adapt to variable power demand, industry executives said on Tuesday.
India's GAIL Seeks Long-Term LNG Deals to Boost Capacity to 21 Million Tons by 2030
GAIL (India) is seeking long-term import deals for LNG amounting to 5.5 million tons per year, raising its capacity to 21 million tons per year by 2030, finance chief Rakesh Kumar Jain said on Wednesday.
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
