Business & Markets
Poland Could Build Second Unit to Receive LNG amid Czech, Slovak Interest
Poland could build a second floating storage and regasification unit next to an already planned installation because the Czech Republic and Slovakia are interested in buying more LNG, the Polish climate minister said.
Nigeria Okays Next Step for New Gas Pipeline via Morocco to Europe
The new gas pipeline from Africa to Europe will be 5,660 km (3,517 miles) long and construction will be in phases covering 25 years. The pipeline is expected to be built both onshore and offshore.
Shell Greenlights $2.5 Billion Crux Gas Project Off Australia
Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3.6 million tonne a year Prelude floating liquefied natural gas facility, the oil and gas major said in a statement.
Snam Buys Regasification Vessel as Italy Diversifies Energy Supplies
Italy's state-controlled Snam has agreed to buy a floating regasification terminal with capacity of 5 billion cubic meters a year from Golar LNG, as Rome works to cut its reliance on Russian gas.
Gazprom Cuts Gas Supply to Orsted and Shell Energy
Russian gas producer Gazprom has cut off gas supplies to Denmark's Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies' failure to make payments in rubles.
Oil Turns Negative as OPEC Eyes Russia Suspension from Output Deal
Oil prices turned negative on Tuesday after a report that some producers were exploring the idea of suspending Russia's participation in the OPEC+ production deal.
Croatia Ready to Increase Adriatic Oil Pipeline Capacity, Hungary Says
Croatia is ready to increase the capacity of the Adriatic oil pipeline to supply Hungary and Slovakia with crude in case of any disruptions to imports from Russia via the Druzhba pipeline, Hungary's foreign minister said on Tuesday.
Spain Expects EU to Pay for Gas Connections with Neighbors
Spain and Portugal, which have little dependence on Russian energy supplies, want an additional gas pipeline to be built between Catalonia and France so the Iberian countries can regasify imported LNG and send it on to central Europe.
US Gas Drilling Rig Count Highest Since 2019
The total number of rigs drilling for gas has climbed to 150, the highest since late 2019, and up from just 100 this time a year ago, according to field services company Baker Hughes.
Iran Seizes Two Greek Tankers amid Row over US Oil Grab
Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take "punitive action" against Athens over the confiscation of Iranian oil by the U.S. from a tanker held off the Greek coast.
In Latin America, Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles
As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe's move to become independent from Russian gas, Latin America's only two LNG exporters are moving in opposite directions.
Denmark's Orsted Warns of Russian Gas Supply Halt After Spurning Ruble Payments
Orsted on Monday warned that Russia's Gazprom Export could stop supplying gas to the Danish energy company because it has refused to pay in rubles, but such a move would not immediately put Denmark's gas supplies at risk.
Slovakia Strikes Supply Deals for LNG, Piped Norwegian Gas
Slovakia's state gas firm SPP has struck deals to buy enough piped Norwegian gas and other shipments of LNG to cover around 65% of the country's demand until the end of next year, Economy Minister Richard Sulik said.
PIT and CNX Resources Partner on Emission Reduction Measures
Natural gas will be used at the airport and transformed into alternative fuel through CNX technology.
Morgan Stanley's Shareholders Vote to Continue Financing Fossil Fuel Projects
Shareholders in Morgan Stanley voted against a proposal proposed by non-profit foundation Sierra Club to stop lending to new fossil fuel projects, in line with the bank's board of directors orientation.
Santos CEO: South Korea Needs Australian LNG with Carbon Capture
Santos CEO Kevin Gallagher urged South Korea on Thursday to invest in Australian gas combined with carbon capture and storage to help meet South Korea's needs until 2050.
Sources: Shell in Talks with Indian Consortium to Sell Russian LNG Plant Stake
Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India's willingness to step into the space left by Western companies following Moscow's invasion of Ukraine.
Enbridge Advancing Construction of Natural Gas Pipeline to Venture Global's LNG Facility
Enbridge said its Gator Express Meter and Venice Extension projects would supply about 1.5 Bcf/d of gas to Plaquemines, and expects the Gator Express pipeline to enter service in 2023 and the Venice Extension in 2024. The estimated cost for both projects is $400 million.
Venture Global Decides to Build Louisiana Plaquemines LNG Export Plant
Venture Global has closed on the $13.2 billion project financing for the initial 13.33 million tonnes per annum phase of the project and associated Gator Express pipeline.
Technip, Samsung Engineering JV Bags Texas LNG Work
Texas LNG Brownsville, a four million tons per annum LNG export terminal to be constructed in the Port of Brownsville, Texas, has executed an agreement with Technip Energies USA and Samsung Engineering Co. to lead the delivery of the facility via a joint venture.
Cheniere Inks 20-Year LNG Supply Deal with South Korea's Posco
POSCO International has agreed to purchase roughly 0.4 million tonnes per annum of LNG from Cheniere on a free-on-board basis for a term of 20 years beginning in late 2026.
Sempra Strikes LNG Supply Deal with Germany's Largest Power Producer
Sempra Energy has agreed to sell about 2.25 million tonnes per annum of LNG to Germany's largest power producer, RWE AG, which is trying to wean itself off Russian gas.
German Chancellor: Germany is Keen to Pursue Gas Projects with Senegal
Germany wants to intensively pursue gas and renewable energy projects with Senegal, against the backdrop of the war in Ukraine and its impact on energy and food prices, Chancellor Olaf Scholz said.
Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
With the U.S. Department of Energy set to announce plans for $8 billion in funding for clean hydrogen hubs across the country, a new report finds that Houston, long considered the “Energy Capital of the World,” is well positioned to leverage Texas’ vast energy resources to become a global clean hydrogen hub.
Argentina Easing Energy Firms' FX Access to Spur Vaca Muerta Development
Argentina is easing access to foreign currency for oil and gas companies that increase production in the South American country, part of a bid to accelerate the development of the huge Vaca Muerta shale formation and trim reliance on costly imports.
TotalEnergies to Supply LNG for South Korea's Hanwha Energy
TotalEnergies has signed a long-term sale contract with South Korea's Hanwha Energy Corp. for the supply of 600,000 metric tons of liquefied natural gas per year over 15 years, the French energy group said on Tuesday.
Norway's Hammerfest LNG Plant Extends Outage until May 27
Norway's Hammerfest LNG plant is now expected to restart on May 27, four days later than the previous plan and further delaying operations since a fire in 2020, Norwegian gas system manager Gassco said.
Russia Stops Gas Flows to Finland Over Payments Dispute
Russia's Gazprom on Saturday halted gas exports to neighboring Finland, in the latest escalation of an energy payments dispute with Western nations.
S.Korean Court Dismisses Plea to Block Loans to Fund Deep-Sea Gas Pipeline in Australia
A South Korean court has dismissed an application from a group of Indigenous Australians that said they were not properly consulted on the Barossa project and the planned 260-km (162-mile) pipeline that will connect offshore gas facilities to an existing pipeline that runs to Darwin.
Sempra Signs Carbon Capture Deal for Proposed Louisiana Project
Houston-based Sempra said the proposed project, Hackberry Carbon Sequestration, could potentially store up to 2 million tonnes of carbon dioxide per year if approved, utilizing the Cameron LNG Phase 1 and 2 export terminals as the anchor source for the captured and sequestered carbon dioxide.
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- Macquarie, Dow Launch $2.4 Billion Gulf Coast Pipeline Infrastructure Partnership
