Processing/LNG
NextDecade Signs 15-Year LNG Supply Deal with Japan's Itochu Corp.
NextDecade Corp. said on Thursday it will supply 1 million metric tonnes of LNG per annum to Japan's Itochu Corp. for 15 years from its Rio Grande LNG export project in Brownsville, Texas.
Gas Starts Flowing to Freeport LNG Export Plant in Texas
Freeport LNG's long-shut LNG export plant on the Texas Gulf Coast started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.
Pipeline Operator Kinder Morgan Beats Profit Estimates; CEO to Step Down
U.S. pipeline operator Kinder Morgan on Wednesday announced fourth-quarter earnings of $1.4 billion, topping analysts' estimates, and said long-time CEO Steve Kean will step down after eight years in the role.
Former Gazprom Unit Sefe Has Secured Regasification Capacity at Dunkirk
German gas importer Sefe has secured 3.5 Bcm of regasification capacity in Dunkirk and is closing in on new LNG import deals, its boss said, mapping out the former Gazprom division's future strategy.
Osaka Gas Signs LNG Contract with New Operator of Russia's Sakhalin 2
Japanese natural gas distributor Osaka Gas Co. said on Tuesday it had signed a contract to continue purchasing 200,000 tonnes of LNG from a new operating company running Russia's Sakhalin 2 project.
Snam Seen Boosting Italy's Gas Security with Spending on LNG, Grid
Europe's biggest gas grid operator Snam is expected to increase investments to boost its transport, storage and LNG businesses in the next four years, in a move to reinforce Italy's energy security.
UK Court Rules $1.15 Billion Funding for Mozambique LNG Project is Lawful
The British government's funding of up to $1.15 billion for an LNG project in Mozambique is lawful, a London court ruled on Friday, dismissing an appeal by Friends of the Earth.
Inpex Plans to Accelerate Expansion of LNG Production and Sales
Inpex Corp., Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of LNG on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday.
German Green Group Files Complaint Seeking Shorter LNG Terminal License
A German environmental group has lodged a complaint calling for the operating license of a new floating LNG terminal at Wilhelmshaven to be shortened by a decade, citing its discharging of chlorine and risks to Germany's climate targets.
US Natural Gas Price Volatility Hit Record Highs in 2022
U.S. natural gas futures price volatility, both implied and historic, hit record highs in 2022 as global prices spiked due to supply disruptions and sanctions linked to Russia's war in Ukraine, feeding demand for U.S. exports.
EU Energy Regulator to Launch LNG Price Assessment on Friday
European Union energy regulators will start publishing a daily LNG price assessment on Friday, the first step in the EU's plan to form a new European benchmark price for the super-chilled fuel.
Shell LNG Trading to Lift Quarterly Profits Despite Output Drop
Earnings from Shell's LNG trading operations are likely to have been significantly higher in the fourth quarter of last year despite an output drop caused by plant outages, it said on Friday.
Global Pipeline Construction Outlook 2023
(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.
US Poised to Regain Crown as World's Top LNG Exporter
The United States is on track to become the world's biggest exporter of LNG this year — ahead of current market leader Australia — once a fire-idled Texas plant is restarted, according to Reuters data.
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters
Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for LNG vessels, industry sources said on Friday.
Tellurian Gains More Time to Fulfill LNG Supply Deal with Gunvor
The company now has until Jan. 31, 2023, a one-month extension, to meet certain terms of the deal, according to a filing on Friday. The amendments include changes to the index pricing of the fuel to be sold.
Indonesia, BP Sign 20-Year Contract Extension for LNG Operations in Papua
BP is trying to increase Tangguh's production capacity from the current 7.6 MTPA to around 11.4 MTPA by adding a new, Train-3 plant which is expected to come onstream in March 2023, SKK Migas said earlier this year.
Inpex Signs 20-Year LNG Deal with Venture Global
Inpex Corp., Japan's biggest oil and gas explorer, said on Tuesday that it has signed a long-term LNG sales and purchase agreement with U.S.-based Venture Global LNG.
Japanese Firms Sign Multiyear Agreements to Buy LNG from Oman, US
Japanese companies inked several deals on Tuesday to receive LNG supplies, with a preliminary agreement lasting up to 10 years with Oman LNG and a 20-year deal with U.S.-based Venture Global.
Sempra Inks 15-Year LNG Supply Deal with Germany’s RWE
(P&GJ) — Sempra Infrastructure has entered a 15-year deal with RWE Supply & Trading for the supply of approximately 2.25 MTPA of LNG from the Port Arthur LNG Phase 1 project under development in Jefferson County, Texas.
NextDecade Increases LNG Supply Volume in Deal with China's ENN
U.S. LNG developer NextDecade Corp. announced it will increase the volume of LNG supplies in a sales and purchase agreement signed with China's ENN Natural Gas Co. Ltd.
Italy Court Ruling Allows Work on Tuscan LNG Terminal to Proceed
An Italian administrative court has ruled against a request for a precautionary halt on works for a new LNG terminal in the Tuscan port city of Piombino, saying it did not pose an immediate threat to public safety.
US, Canada Natural Gas Output Could Feel Growing Pains In 2023
U.S. and Canadian natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new LNG export plants.
Sempra Receives US Approval to Re-export LNG from Mexico
The U.S. Energy Department on Tuesday approved permits for Sempra Energy to send U.S. natural gas to Mexico for re-export from LNG terminals, filings on its website showed. This will allow Sempra to ship natural gas via pipeline to Mexico where it will be converted to LNG and sent to global markets.
Exporting LNG: Support Infrastructure Grows with Transition
(P&GJ) — Shattering the usual August silence in Washington, D.C., when Congress was in its summer recess, lawmakers this year found a way to pass their self-described Inflation Reduction Act, which includes parts that will bolster the prospect for added U.S. LNG exports.
Equinor to Invest $1.3 Billion to Upgrade Norway’s Hammerfest LNG Plant
Equinor and its partners in the Arctic Snoehvit gas field will invest $1.34 billion to upgrade the Hammerfest LNG plant, which processes the output, the government and companies said on Tuesday.
NextDecade Signs 20-Year LNG Supply Deal with Portugal's Galp
NextDecade Corp. said on Tuesday it will supply 1 million metric tonnes per annum (MTPA) of LNG to Portugal's Galp Trading SA for 20 years from its Rio Grande LNG export project in Brownsville, Texas.
Gas Starts to Flow to Freeport LNG Export Plant in Texas
Freeport LNG's long-shut liquefied natural gas export plant in Texas was on track to receive natural gas on Tuesday, according to data from Refinitiv, a possible sign the plant might meet the company's projected end of the year return date.
Norway's Hoegh LNG in Talks to Supply More Regasification Vessels to Europe
Norway's Hoegh LNG is in talks to supply more of its floating storage and regasification units to several European countries seeking alternatives to Russian gas, its CEO said.
Hungary to Start Talks with Qatar About Buying LNG
Hungary and Qatar have agreed that their state-owned energy companies will start talks about Hungary buying LNG from the Gulf Arab state, Foreign Minister Peter Szijjarto said in a Facebook video on Wednesday.
- 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
