Business & Markets
US Natgas Rises 5% to Near 9-Week High on Soaring Global Prices
U.S. natural gas futures rose about 5% to a near-nine week high as worries about Russia's plan to price energy exports in rubles caused global energy prices to spike, keeping demand for U.S. LNG exports near record highs.
Greece Will Review Plans on Additional LNG Cargoes If Russian Gas Flows Stop
The Greek gas grid operator will review its plans on additional cargoes of LNG that Greece might need if Russia stops gas supplies to the country, the energy ministry said.
Chevron Launches its First Carbon Offset Project in Louisiana
The St. Charles Parish cypress reforestation project is expected to generate carbon offsets that could both help offset Chevron’s carbon emissions.
Gas Flows Via Yamal-Europe Pipeline Fall to Zero, Other Flows Steady
Physical gas flows through the Yamal-Europe pipeline at Germany's Mallnow point fell to zero on Tuesday, while Russian gas deliveries to Europe on the other two key pipeline routes were broadly steady.
CPC Pipeline Outage Forces Kazakhstan to Cut Oil Output by a Fifth
The former Soviet republic will have to cut its oil output by 320,000 bbl/d until repairs are done to fully restore capacity of the Caspian Pipeline Consortium's (CPC) Black Sea terminal.
Energy Transfer, ENN Sign 20-Year Deal for Lake Charles LNG
Lake Charles LNG will be constructed on the existing brownfield regasification facility and will capitalize on four existing LNG storage tanks, two deep water berths and other LNG infrastructure.
RGC Resources Secures $21 Million Investment to Complete Mountain Valley Pipeline
RGC Resources Inc., parent company to Roanoke Gas Co. and RGC Midstream LLC, closed a $21 million common stock investment by affiliates of The InterTech Group Inc.
US, German Officials to Meet This Week on LNG, Hydrogen Supplies
U.S. and German government officials will meet with energy executives in Berlin to discuss ways to boost Germany's energy supplies, as Russia's war in Ukraine ratchets up pressure on Europe to find alternate sources of energy.
US Oil Exports Surge, Drawing Crude Away from Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the Gulf Coast.
Russian Gas Flows to Europe Remain Stable
Russian gas deliveries to Europe on three main pipeline routes were stable on Monday, with the Yamal-Europe pipeline continuing to flow eastwards from Germany into Poland.
Tellurian’s Driftwood LNG Facility Begins Construction
Driftwood LNG is an approximately 27.6 million tonnes per annum (mtpa) liquefaction export facility near Lake Charles, Louisiana. Phase one will include two LNG plants with an export capacity of up to 11 mtpa.
NextDecade, China’s Guangdong Ink Deal for Rio Grande LNG
Guangdong Energy will purchase up to 1.5 million tonnes per annum of LNG indexed to Henry Hub and the LNG supply will initially be from train one of Rio Grande LNG, which is expected to start commercial operations in 2026.
France Wants to Build Floating LNG Terminal at Le Havre
The French government is in talks with energy company TotalEnergies to build a floating LNG terminal in the northern port of Le Havre.
Industry Groups Welcome Biden Administration's Agreement with EU to Expand US LNG Exports
API President and CEO Mike Sommers and Energy Workforce & Technology Council CEO Leslie Beyer said their associations welcome President Biden's LNG export agreement with EU.
US, EU Strike LNG Deal as Europe Seeks to Cut Russian Gas
The United States will work to supply 15 billion cubic meters (Bcm) of LNG to European Union markets this year, as Europe seeks to wean itself off Russian gas supplies.
Russia-Ukraine War to Accelerate European Hydrogen Transportation Development, Strategist Says
Europe and the world in general are still in the introductory phases of a true paradigm shift with respect to the energy transition, said Jacob Shapiro, founder and chief strategist of Perch Perspectives.
FERC Slows Consideration of Climate Impact of New Gas Projects
U.S. regulators voted to seek comments on two policy statements it issued last month that provide guidance regarding the certification of interstate natural gas pipelines and consideration of greenhouse gas (GHG) emissions in natural gas project reviews.
Major Nigerian Pipeline Vandalized by Thieves, Huge Volumes of Crude Oil Stolen
The Trans Niger Pipeline, a major pipeline crisscrossing through the creeks of the country's Niger Delta region, has been vandalized by unknown criminals who have stolen huge volumes of crude oil pumped through pipeline.
US Firms Want Pending Natgas Pipeline Projects Excluded from Emissions Rules
The greenhouse gas policy requires any project that would result in 100,000 metric tons per year of GHG emissions must complete an environmental impact statement, which analysts said was an expensive and time-consuming process.
Chesapeake Energy Eyes Greater Role in LNG Market, CEO Says
U.S. natural gas producer Chesapeake Energy is seeking to become more involved in the growing liquefied natural gas (LNG) market, CEO Nick Dell'Osso said.
Chevron 'Assessing' Status of Russian Terminal, Says Oil Pipeline Operating
Chevron holds a 15% stake in the Caspian Pipeline Consortium (CPC), which owns a 1,510-km (938 miles) pipeline that carries about 1.2% of the world's oil from oilfields in Kazakhstan to an export terminal in Russia.
Oil Jumps in Volatile Trade Amid CPC Pipeline Disruption
Russia warned of a drop in oil exports via the Caspian Pipeline Consortium (CPC) of up to 1 million barrels per day, or 1% of global oil production, because of storm-damaged berths.
Sanctions on Russian Oil, Gas Will Hammer Global Market, Novak Says
Germany halted the Nord Stream 2 gas pipeline project, which was designed to double the flow of Russian gas heading direct to Germany, after Russia formally recognized two breakaway regions in eastern Ukraine.
Shell Signs Deal to Receive LNG at Future German Brunsbuettel Terminal
Shell has committed to booking a substantial part of a yet-to-be built landing terminal for LNG at the North Sea port of Brunsbuettel, as companies strive to lower their dependency on Russian pipeline gas.
Russia Warns of Sharp Caspian Pipeline Oil Export Drop After Storm
A storm in Russia's section of the Black Sea has damaged loading equipment of CPC, one of the world's biggest oil pipelines which ships crude from Kazakhstan to global markets.
Norway and Germany to Study Possibility of Hydrogen Pipeline Link
Norway and Germany agreed to study the transport of hydrogen via a pipeline between the countries to reduce dependence on Russian energy.
Italy Eying Two Floating LNG Plants to Cut Russia Gas Reliance
The units are expected to have a combined capacity of more than 10 Bcm and will be located close to existing pipeline infrastructure in the Tyrrhenian Sea and, possibly, in the Adriatic Sea.
Gasunie Talking with Germany Over Floating Terminals at New LNG Facility
Gasunie is in talks with Germany to use floating storage and regasification units in Brunsbuettel to help accelerate LNG imports as part of a plan to phase out dependence on Russian gas.
Australia's First LNG Import Terminal Seen Ready by Late-2023
Squadron Energy, the private company building Australia's first LNG import terminal, expects its Port Kembla facility in New South Wales to be ready to take its first gas shipment by the end of 2023.
Technip Energies, Greenko Partner to Accelerate Green Hydrogen Development in India
Technip Energies and Greenko ZeroC Private Ltd. have signed a memorandum of understanding to explore green hydrogen project development opportunities in India.
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