Processing/LNG
Leviathan Group Starts Plans for Israeli Floating LNG Terminal
Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating LNG terminal off the coast of Israel, the companies said on Tuesday.
How LNG Will Fuel Global Energy Transition at Scale
(P&GJ) — LNG is a key enabler of the global transition to a decarbonized energy system. It will play a pivotal role as companies move from coal and oil to cleaner energy sources. LNG remains the only fuel choice available today to meet the energy needs of growing economies at scale. But it’s an extremely competitive market.
Putin Lauds Gas Giant Gazprom, Says Asian Demand Will Soar
"Despite unfair — to put it bluntly — competition, direct attempts from the outside to hinder and restrain its development, Gazprom is moving forward, launching new projects," Putin told Gazprom CEO Alexei Miller.
IEA's Birol Warns of Tighter Energy Supply Next Winter
International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new LNG is coming to the market while China's consumption is set to rise this year.
India's GAIL Explores Up to 26% Equity Stake in US LNG Projects
India's largest gas distributor GAIL (India) Ltd. is looking to buy an equity stake of up to 26% in an LNG liquefaction plant or project in the United States, according to a document issued by the company.
US LNG Producers Poised to Leapfrog Rivals with Three New Projects
Projects best positioned to move ahead include Sempra Energy's Port Arthur plant in Texas, Energy Transfer LP's Lake Charles in Louisiana and NextDecade Corp.'s Rio Grande in Texas. They have all or most of the long-term LNG sales agreements needed to convince bank's that the projects are ready for debt financing, according to Reuters analysts.
Source: Argentine Congress to Take Up LNG Law in March After Delay
A law aimed at boosting Argentina's LNG industry, with an eye toward future exports, will be taken up in March after a delay blamed on disputes over legislative fine print, a energy ministry source told Reuters on Tuesday.
US Gas Producers Skimped on Price Hedges and Now Face A Reckoning
A rout in natural gas prices will hurt first-quarter earnings and cash flows at gas producers as hedges — the industry's version of price insurance — were inadequate to offset the expected losses, analysts and industry experts said.
China's CNPC Set to Seal Mega Qatari LNG Deal
China National Petroleum Corp. (CNPC) is close to finalizing a deal to buy LNG from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter said.
Enagas: Algeria Regains Spot as Spain's Top Natural Gas Source
Enagas said 25%, or 8,545 GWh, of total gas deliveries to Spain in January of this year came from Algeria. Both countries are linked through the 757-kilometer (470-mile) submarine Medgaz pipeline.
Australian Government Seeks More Leeway to Curb East Coast LNG Exports
Australia's government has proposed to expand its ability to curb LNG exports from three projects on the east coast in order to meet gas supply shortfalls, under a plan due to take effect in April.
Germany in Advanced Talks with Oman for Natural Gas Supplies
Germany and Oman are in advanced talks to sign a long-term deal for LNG lasting at least 10 years as Berlin continues its search for alternatives to Russian fuel supplies, three sources familiar with the matter said.
CEZ Seeking $45 Million in Damages from Gazprom for Gas Undersupply
Czech utility CEZ said on Thursday it had initiated international arbitration in Geneva against Russian gas company Gazprom seeking compensation for lower-than-contracted gas delivery last year.
Oman LNG Agrees to Supply China's Unipec with 1 Million Tonnes of LNG Per Year
Oman LNG has agreed to supply China's Unipec with around 1 million metric tonnes of LNG per year for four years starting in 2025, state news agency ONA said on Tuesday. Unipec is the trading arm of Asia's largest refiner, Sinopec.
Equinor Shares Spike as Gas Bonanza Lands Record Profit
Equinor posted a record $74.9 billion adjusted operating profit on Wednesday, more than doubling its previous high and sending the Norwegian oil and gas producer's shares up more than 7%.
Tellurian Woos Indian Investors for Its Driftwood LNG Project
Houston, Texas-based Tellurian resumed talks with Indian oil and gas companies for investments in Driftwood LNG late last year. Delays have hit construction of the Driftwood facility, but CEO Octavio Simoes said it is on track for its first gas output in 2026.
India's Petronet Seeks More LNG Under Long-Term Qatar Deal
Petronet LNG, India's top gas importer, will seek up to 1 MTPA in additional LNG supplies when it renews its long-term deal with Qatar, the company's CEO said on Tuesday. Petronet, which is currently purchasing LNG from Qatar at $16 per million British thermal unit, has until the end of this year to renew its deal.
Australia's Beach Energy Reaches Deal with Webuild on Waitsia Gas Project
Australia's Beach Energy Ltd. on Monday said it reached a deal with Italy's Webuild SpA to complete delivery of the $528.92 million Waitsia Stage 2 gas project, subject to approval from the project's contractor Clough Ltd., which was placed into administration in December.
Woodside, Partners to Pick Plan for Timor Sea Sunrise Gas Project Soon
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.
Italian Union Files Legal Complaint Against Snam's LNG Terminal Over Environmental Concerns
The Italian trade union USB filed a legal complaint against a plan by gas grid operator Snam to set up a new LNG terminal in the Tuscan port of Piombino, it said in a press release on Friday.
TotalEnergies' Head Met Mozambique President with Key Gas Project at Stake
The head of TotalEnergies met Mozambique President Filipe Nyusi on Friday to discuss the humanitarian situation in the Cabo Delgado area, where a 2021 attack on civilians led to a key LNG project being halted.
Russia's Novatek, India's GAIL Poised to Seal Gas Sales Deal
Russia's largest LNG producer, Novatek, is close to a deal to supply gas to GAIL (India) Ltd. as it seeks alternative markets to Europe, three industry sources said. The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance.
Shell Still Taking LNG Cargoes from Russia Under Novatek Contract
The world's largest LNG trader agreed a more than 20-year deal in 2015 for Novatek to supply around 900,000 tonnes per annum from the Yamal LNG plant in Siberia.
Russian Gas Supply Hit Pushes India's GAIL to Scout for Long-Term LNG
GAIL (India) Ltd. is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday.
Shell CEO's First Changes Combine Upstream and LNG Operations
Shell will combine its oil and gas production and LNG divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.
LNG Industry Body Sees First Carbon Neutral Cargo Delivery to Taiwan
The first carbon neutral LNG cargo using the emissions monitoring and verification framework set up in 2021 by an international industry body has been delivered to Taiwan.
Philippines Greenlights Seventh LNG Project, Gears Up for Gas Imports
The Philippines' Department of Energy said on Friday it has approved a $67-million LNG import terminal project, the country's seventh such facility, as it gears up for the launch of its liquefied natural gas industry this year.
Russia's Sakhalin 2 May Double LNG Revenue as Top Buyers Stay Despite Ukraine Crisis
Russia's Sakhalin 2 LNG project could generate twice the revenue this year that it did before the Ukraine conflict thanks to long-term deals with Asian buyers and higher prices, according to analysts and Reuters calculations.
Sempra Energy Strikes 20-Year LNG Supply Deal with Poland's PKN ORLEN
Sempra Energy said on Wednesday it would supply 1 MTPA of LNG from its Port Arthur LNG Phase 1 project to Poland's PKN ORLEN SA for 20 years.
Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake
Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi LNG project with the country's upstream oil and gas regulator, officials said on Tuesday.
- 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
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- 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
