Processing/LNG
U.S. Dominates Global Natural Gas Production and LNG Exports
The U.S. has reinforced its position as the leading global producer of natural gas and LNG exporter, with notable increases in LNG supply and significant reductions in European and Russian gas imports.
Russian Pipeline Gas Exports to Europe Reach Highest This Year
Russian energy giant Gazprom's average daily natural gas supplies to Europe in July reached their highest this year, up 5.7% compared with a year ago and 12% higher than in June, Reuters calculations showed.
U.S. LNG Exports Fall Again in July on Freeport LNG's Slow Restart
Texas-based Freeport LNG is the country's second-largest LNG export facility, and its production woes in the last few years have played a crucial role in swings in U.S. natural gas and global LNG prices.
India's HPCL Seeks LNG Deals, Eyes December Start for New Terminal
India's Hindustan Petroleum is scouting for LNG import deals as it expects to start its 5 million ton per year LNG terminal in western India by end of this year, its head of finance said on Tuesday.
Texas Needs More Natural Gas Pipelines as Prices Turn Negative Again
Analysts say that is a sure sign the Permian Basin region needs more gas pipelines, which has already prompted Kinder Morgan, Energy Transfer and other U.S. energy firms to propose new projects.
Enterprise to Grow NGL Export Capacity at Houston Ship Channel
Enterprise Products Partners is expanding the company’s NGL export capacity by 300,000 bbl/d in the Houston Ship Channel to meet strong demand.
Iberdrola Faces Up to $535 Million Claim in LNG Contract Dispute with Pavilion
Spanish utility Iberdrola faces claims worth up to $535 million in an arbitration process launched by Singaporean LNG company Pavilion Energy over a supply contract, according to Iberdrola's earnings report.
Hedge Funds Increase Bid for Martin Midstream Takeover
Hedge funds Nut Tree Capital Management and Caspian Capital have made a sweetened bid to acquire fuels storage and transporter Martin Midstream Partners.
Freeport LNG Returns to Full Production
Freeport LNG was on track to return to full production on Sunday, pulling over 2 billion cubic feet of natural gas, LSEG data showed.
Turkey to Sign Long-Term LNG Contracts for 2027-2037, Minister Says
Turkey is set to finalize long-term contracts for liquefied natural gas (LNG) to cover the 2027-2037 period, Energy Minister Alparslan Bayraktar said on Friday.
Edison and Snam Sign $608 Million Gas Storage Deal
EDF's Italian unit Edison will sell its gas storage unit to gas grid operator Snam in a deal giving the assets an enterprise value of around $608 million, the two companies said on Thursday.
EQT Completes Equitrans Midstream Acquisition
EQT Corp. has finalized its acquisition of Equitrans Midstream Corp., marking a significant shift in the natural gas sector. This merger creates a major vertically integrated natural gas company in the U.S.
Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
(P&GJ) — The project, known as the “Port MacKenzie Expansion,” aims to extend APLC’s existing pipeline infrastructure to connect with a future LNG import terminal.
Zachry Out as Lead Contractor for Texas LNG Project in Settlement with Exxon, Qatar Energy
A bankruptcy court approved a Zachry Holdings and Golden Pass LNG settlement on Wednesday that will allow Exxon Mobil and Qatar Energy, the Golden Pass owners, to hire a new lead contractor to complete its LNG plant.
Brazil's TAG, Eneva to Launch New LNG Pipeline Connection in October
TAG CEO Gustavo Labanca said on Tuesday that $62.67 million was invested in the new 25-km (15.5-mile) pipeline section, which will be able to transport as much as 14 million cubic meters of LNG per day.
Texas LNG Brownsville Signs 20-Year Liquefaction Deal with EQT
Glenfarne's Texas LNG and EQT have executed a 20-year tolling agreement for natural gas liquefaction services for 2 million tonnes per annum of LNG, the energy companies said on Tuesday.
New Fortress Secures $700 Million Loan for Second LNG Unit in Mexico
U.S. energy infrastructure company New Fortress Energy said on Tuesday it closed a $700 million loan for its second liquefied natural gas production unit at its Fast LNG project in Altamira, Mexico.
Gas-Rich Venezuela Faces Production Challenges Ahead of Election
While it sits atop the world's eighth-largest natural gas reserves and the biggest in Latin America, Venezuela's output fell to 4 Bcf/d this year from almost 8 Bcf/d in 2016, data from consultancy Gas Energy Latin America showed.
EQT Reports Smaller-than-Expected Q2 Loss, Boosted by Higher Sales Volumes
EQT Corp. posted a smaller-than-expected second-quarter loss on Tuesday, as the natural gas producer benefited from higher sales volumes.
Naturgy Reaches Agreement with Sonatrach on 2024 Gas Supply Prices
Spanish power company Naturgy said on Tuesday it has reached an agreement with Algerian state oil and gas company Sonatrach on 2024 prices for gas supply.
Energean to Invest $1.2 Billion in Israel's Katlan Gas Project
Energean will invest about $1.2 billion to develop the Katlan project off Israel, the company said on Tuesday as it announced its final investment decision, with gas output expected to commence in the first half of 2027.
U.S. Senators Propose Bill to Fast-Track Energy Project Approvals
Senate energy committee leaders introduced legislation to expedite permitting for LNG export projects. The bill sets a 90-day deadline for the Secretary of Energy to approve or deny LNG export applications, aiming to end the current pause on such approvals.
QatarEnergy-Exxon’s Texas LNG Project Construction to Speed Up After Contractor Settlement
Work to complete the QatarEnergy and ExxonMobil $11 billion liquefied natural gas project in Texas could speed up following a settlement agreement allowing the joint venture to choose a new contractor to take over the development, according to court documents.
BP, PDVSA Rush to Complete Gas Deal Before Venezuela Election
BP, Venezuela's PDVSA and Trinidad and Tobago's National Gas Company are speeding negotiations for a Venezuelan license to develop natural gas deposits in the Caribbean Sea, four people familiar with the matter said.
Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Global pipeline construction surged to nearly 42,000 miles in mid-2024, driven by increased LNG and hydrogen infrastructure needs, with significant expansions in North America and Europe.
Projects July 2024
Enbridge selects Barnard, CBNA for Great Lakes Tunnel; Energy Transfer joins carbon capture initiative in Louisiana; YPF advances $2.5 billion Vaca Muerta pipeline project; Piñon Midstream boosts Delaware Basin gas capacity; Mexican developer seeks U.S. permit for LNG export.
New Fortress’ FLNG Asset Achieves First LNG Offshore Mexico
New Fortress Energy Inc. has announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico.
South Korea's KOMIPO Cancels LNG Import Terminal Due to High Costs, Declining Demand
South Korea's Korea Midland Power Co. (KOMIPO) has cancelled plans to build a LNG import terminal on the western coast of the country due to high costs and declining demand for the fuel.
Equinor Awards Valaris $500 Million Drilling Contract for Brazil's Raia Field
Equinor has awarded a drilling contract in Brazil worth $498 million to Valaris on behalf of partners in the Raia field development project, the Norwegian company said on Monday.
Freeport LNG Resumes Exports in Texas as Gas Processing Ramps Up
The U.S.' second largest liquefied natural gas exporter Freeport LNG has resumed shipments after shutting operations ahead of Hurricane Beryl, with processing on track to reach about half its capacity on Monday, according to preliminary LSEG data.
- 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
