Business & Markets
Philippines' First Gen Asks DOE for Extension on LNG Terminal Project
Philippine power producer First Gen Corp. has asked the Department of Energy to extend its permit to construct an offshore LNG terminal in the country by six months due to circumstances delaying the project.
Italgas Plans to Invest $4.7 Billion to Upgrade Gas Pipeline Network in Italy
Italgas plans to invest $4.7 billion to 2028 to complete the upgrade of its domestic Italian network, which includes 74,000 km (46,000 miles) of regulated gas pipelines, the company said on Wednesday.
Gazprom Cuts Gas Exports to Italy by 15% Following Nord Stream Pipeline Disruptions
Russia's Gazprom cut its gas exports to Italy by around 15% on Wednesday, Italian energy firm Eni said, a move that comes as the Russian group is also curbing its gas supplies via the Nord Stream 1 pipeline, blaming Western sanctions for disrupting repair works it needs to do on the network.
Aemetis Completes 20 Miles of California RNG Pipeline, Gets OK for Final Stage of Construction
Aemetis Inc. has completed 20 miles of renewable natural gas (RNG) pipeline and received approval for construction of an additional 19 miles in Merced County, California, with project completion set for the fourth quarter of 2022.
US to Sell Up to 45 Million Barrels of Oil from Historic SPR Release
The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve as part of the Biden administration's previously announced, largest-ever release from the stockpile.
EU, Israel and Egypt Ink Framework Deal to Boost East Med Gas Exports to Europe
Israel and Egypt will aim to boost natural gas exports to Europe under a memorandum of understanding (MoU) signed on Wednesday as the continent looks to replace Russian energy imports.
Natural Gas Companies Look to Hydrogen to Extend Life of US Pipelines
Natural gas companies plan to use hydrogen and renewable natural gas made from landfills or agricultural waste to extend the life of existing pipelines in a future carbon-free world, energy executives said at the Reuters Global Energy Transition conference on Tuesday.
LNG Tanker Charter Rates Hit Record Highs as Demand Soars
Spot-market rates for LNG tankers this week set annual records as traders bid up available vessels to meet rising global demand for the chilled gas, according to brokers.
West Africa Wants Eni to Start Production at Newly Discovered Field to Meet Gas Demand
Ivory Coast wants Italy's Eni to bring its recently discovered offshore field to full production earlier than a planned 2026 timeline to meet local and regional gas demand, its mines and petroleum minister said on Tuesday.
Southwestern Energy, Uniper Ink Supply Agreement for Responsibly Sourced Gas
Gas producer Southwestern Energy Co. has signed a multiyear, certified Responsibly Sourced Gas sales agreement with Uniper, one of Germany’s largest publicly listed energy supply companies.
Nord Stream Gas Capacity to Europe Constrained by Repair Delays
The capacity of Gazprom's Nord Stream 1 pipeline to supply gas to Europe is partly constrained as sanctions make it impossible for equipment supplier Siemens Energy to return a turbine being maintained in Canada, the companies said.
DNV Confirms Feasibility and Maturity of EastMed Gas Pipeline
DNV has issued confirmation of the feasibility statement of the EastMed gas pipeline, a 2,000-km (1,242-mile) long onshore and offshore natural gas conduit project meant to connect offshore gas reserves from the Levantine Basin to Greece and further to southeastern European countries.
ONGC Expects Sanctions to Further Delay Russia's Sakhalin 1 Oil Project
Operations at Russia's Sakhalin 1 oil project will continue to face disruptions for 'a couple of months' as Western sanctions have hit insurance cover for ships to transport crude, according to India's ONGC Videsh, a stakeholder.
Tanzania Signs Gas Project Deal with Equinor, Shell
Tanzania has signed a framework agreement with Norway's Equinor and Britain's Shell that will bring closer the start of construction of a $30 billion LNG export terminal.
Poland to Auction Capacity on Gas Links with Denmark, Slovakia, Lithuania
Poland's state-owned gas pipeline operator Gaz-System will next month auction capacity to ship the fuel via new interconnections with Denmark, Slovakia and Lithuania.
TotalEnergies Wins Stake in Qatar's LNG Expansion Project
TotalEnergies has signed a partnership deal with QatarEnergy for the North Field East LNG expansion project, which will include six LNG trains that will ramp up Qatar’s liquefaction capacity from 77 MTPA to 126 MTPA by 2027.
Mexico’s President Pledges New Gas Pipeline, Liquefaction Plant in Oaxaca
Mexican President Andres Manuel Lopez Obrador has pledged to see through the completion of a gas liquefaction facility in Oaxaca as well as a new pipeline to serve the facility, committing an investment of $6 billion.
Cheniere Gets OK to Place Sabine LNG Tank Back in Service
U.S. LNG company Cheniere Energy Inc. received permission from federal regulators on Wednesday to return one of two shut storage tanks to service at its Sabine Pass LNG export plant in Louisiana following a leak in 2018.
PG&E Commissions New Renewable Natural Gas Pipeline in California
Pacific Gas and Electric Company (PG&E) has partnered with Aemetis Inc. to officially commission the interconnection of a new renewable natural gas facility in Keyes, California.
Matador Resources Acquires Permian Pipeline, Gathering System in $75 Million Deal
Matador Resources Co. has agreed to acquire Summit Midstream's gathering and processing system in the Permian Basin for $75 million, which includes roughly 45 miles of natural gas gathering pipelines.
Dutch Government Reluctant to Boost Production from Groningen Gas Field
Tapping the Groningen gas field, which is being wound down due to a series of earthquakes, should be a "last resort", a Dutch minister said on Tuesday, after a government advisory body suggested using the field to help fill gas stores.
POET Plans to Fast-Track Ethanol Climate Goals with Midwest Carbon Pipeline Project
Ethanol producer POET said it hopes to meet some of its climate goals early as a result of a new partnership it announced this week with a Midwest carbon capture and storage pipeline.
Cheniere Inks 15-Year LNG Supply Deal with Equinor
Cheniere Energy Inc. has agreed to sell liquefied natural gas to Equinor as the Norwegian energy company plans to boost its LNG volumes for Europe amid a tight commodity market and surging demand for the super-cooled fuel.
Canada Expands Pipeline Capacity, But Crude Now Faces US Gulf Coast Oversupply Issue
After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a "North American" grade, moving in tandem with U.S. sour crudes sold on the Gulf Coast after Enbridge Inc. expanded its Line 3 pipeline late last year.
EU Exploring Deal to Boost Natural Gas Imports from Israel, Egypt
The European Commission has proposed a deal to EU member states with Egypt and Israel to boost imports of natural gas from the eastern Mediterranean, according to a draft document dated June 7.
DOE Launches $8 Billion Program for Clean Hydrogen Hubs across US
The U.S. Department of Energy filed a notice of intent to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs – H2Hubs – across America, the DOE said in a press release on Monday.
US Natural Gas Futures Drop 5% on Explosion at Texas Freeport LNG Plant
U.S. natural gas futures dropped about 5% on Wednesday on reports of a fire at the Freeport LNG export plant in Texas and early midday forecasts calling for less heat and demand over the next two weeks than previously expected.
Freeport LNG Plant Suffers Explosion, Nearby Residents Evacuated, Police Say
A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby residents in Quintana, Texas.
Russia Hikes Oil Exports from Major Eastern Port to Help Offset EU Ban
Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions.
US Envoy Expected to Visit Beirut Next Week Over Israel Gas Dispute
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament source and local media.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- US Poised to Become Net Exporter of Crude Oil in 2023
