Business & Markets
U.S. Natural Gas Prices Jump 9% on Colder Forecast, Sanctions Worries
U.S. natural gas futures jumped about 9% on Monday on forecasts for colder weather and higher heating demand next week and worries about supplies from Canada related to U.S. President Donald Trump's sanctions.
Europe Soaked Up Nearly All U.S. LNG Exports Last Month, Data Show
U.S. exports of liquefied natural gas (LNG) to Europe jumped in January as cold weather drove up demand and prices for the superchilled gas rose, preliminary data from financial firm LSEG showed.
India Allocates $647 Million for Strategic Oil Reserve Purchases
India will provide 55.97 billion rupees ($646.78 million) support for purchase of oil for the country's strategic petroleum reserves (SPRs), the budget document showed on Saturday.
ArcLight Acquires Stake in 500-Mile Gulf Coast Express Pipeline from Phillips 66 for $865 Million
Following the deal, Gulf Coast Express Pipeline will be jointly owned by subsidiaries of Kinder Morgan and ArcLight, with Kinder Morgan remaining the operator. The pipeline is a key outlet for Permian Basin gas, supplying the U.S. Gulf Coast and South Texas’ growing LNG market.
Nigeria to Block Oil Exports for Producers Who Fail to Meet Refinery Quotas
Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote Refinery, Africa's largest.
Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
President Donald Trump’s recent executive order has revived discussions about the 1,200-mile Keystone XL pipeline, a long-debated oil project that has faced political and environmental scrutiny.
Mexico's Pemex, Billionaire Carlos Slim Renegotiate Lakach Gas Deal
Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters.
Global News February 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Construction Report: Trump Policies, Thirst for LNG Could Bolster Expansion
While the global thirst for LNG continues to drive pipeline construction globally, the real questions for the new year concern a second Donald Trump presidency in the United States. Early analysis from those in the industry suggest the change of administration will be good for midstream.
ONEOK Completes EnLink Midstream Acquisition, Expands Value Chain
ONEOK Inc. has completed its acquisition of EnLink Midstream LLC, strengthening its integrated midstream operations and diversifying its platform. The transaction was approved by EnLink unitholders at a special meeting on Jan. 30.
Ukraine Gas Transit Dispute Escalates as Hungary Threatens EU Sanctions Block
A row over the end of Russian gas flows via Ukraine has intensified as Hungarian Prime Minister Viktor Orban threatened to block the next rollover of EU sanctions against Russia unless Brussels helps to achieve a restart of supply.
Japan Considers Backing 800-Mile Alaska LNG Pipeline to Strengthen U.S. Ties
Japan has doubts about the viability of the proposed 800-mile pipeline because of the overall costs of the gas relative to other sources. But it is prepared to offer to explore a deal if asked, the officials said.
Nigeria's NNPC, Partners to Build Five Mini-LNG Plants for Domestic Gas Supply
State-owned Nigerian National Petroleum Company (NNPC) has begun construction of five mini-LNG plants as part of government efforts to drive economic growth and boost gas usage, a company spokesperson said late on Thursday.
Japan's Energy Security to Benefit from Increased U.S. LNG, JERA Says
Japan's energy security will benefit from U.S. President Donald Trump's push to increase LNG production, an executive at JERA, Japan's top LNG buyer, said on Friday, while allowing the company to diversify its suppliers.
Moldova to Send First Gas Shipment to Transdniestria Since December
Moldova on Saturday will send 3 million cubic meters of gas to its separatist enclave Transdniestria, the first fuel supply to the area since end-December, when gas transit through Ukraine was halted, a Moldovan industry official said on Friday.
Changes Underfoot in the Appalachian Basin
Local and regional leaders in the oil and natural gas industry continue to see great potential for growth in the Marcellus Shale and Utica Shale formations of the Appalachian Basin.
Gas Distributors Improving Pipeline Safety One Mile at a Time
When local regulators approved funding in April for municipally owned Philadelphia Gas Works to build distribution lines to serve new customers, the decision sparked the kind of news coverage and criticism from certain quarters that has become painfully predictable.
Baker Hughes Secures LNG Equipment, Services Deal for Venture Global's U.S. Projects
Oilfield services provider Baker Hughes has signed an agreement with Venture Global to support its liquefied natural gas (LNG) projects in the United States with technology and equipment.
Valero Exceeds Q4 Estimates Despite 77% Profit Drop
Refiner Valero Energy beat fourth-quarter profit and revenue estimates on Thursday, helped by lower costs and steady output.
Ex-IEA Oil Chief Urges Agency to Prioritize Oil, Gas Over Renewables
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.
German LNG Terminal Fears Price Undercutting by State Rival
Private German liquefied natural gas (LNG) terminal operator Deutsche ReGas says the potentially lower prices offered by state-owned Deutsche Energy Terminal to attract buyers are a threat to its business.
Enterprise, ONEOK Extend Fee Waiver for Midland WTI Transfers Through 2028
Enterprise Products Partners and ONEOK Inc. have extended their fee waiver for crude oil transfers between the Enterprise Crude Houston (ECHO) and ONEOK East Houston (MEH) terminals through Dec. 31, 2028.
Venture Global Nears Completion of Calcasieu Pass Power Plant Repairs
Venture Global LNG could finish power generator repairs by the end of February, a federal inspection report said on Wednesday, potentially clearing the way for the almost three-year commissioning of the Calcasieu Pass LNG plant to reach completion.
Innovations in Monitoring Reveal Unseen Liquids in Gas Pipelines
Dry gas flows can unpredictably become wet, and accidental liquids in gas transmission networks create hidden financial costs and pose serious safety risks.
Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
A New York court has ruled in favor of Energy Transfer, rejecting fraud and breach of contract claims brought by Goldman Sachs and Canadian investors. The plaintiffs had sought $150 million in damages, plus interest, from an affiliate of the Dallas-based energy giant.
Editor’s Notebook: Better Days, Sure – but How Much?
Pipeline & Gas Journal Editor-in-Chief Michael Reed discusses how a potential second Trump administration could spur renewed investment in midstream, though challenges like permitting hurdles and production growth limits may temper expectations.
Natural Gas Electricity Generation in Pennsylvania Doubles in 10 Years, EIA Reports
Electricity generation using natural gas has more than doubled in Pennsylvania since 2013, driven by a shift toward clean energy, the U.S. Energy Information Administration (EIA) said on Wednesday.
Slovakia's Fico to Hold Talks with EU Commission on Gas Transit
Slovakia's Prime Minister Robert Fico, who has sought the resumption of Russian gas transit through Ukraine, will discuss the issue with European Commission officials on Thursday, his office said on Tuesday.
Chevron to Build Gas Plants for AI Data Centers Amid Energy Boom
Oil and gas producer Chevron said on Tuesday it plans to build natural gas-based power plants next to data centers in the U.S., as energy demand to support the growth of artificial intelligence is expected to boom.
Mexico Plans to Double Gas Storage Capacity Amid Trump Supply Fears
Mexico's government is looking to speed up plans to double its strategic natural gas storage capacity amid concern that U.S. President Donald Trump could use the country's dependence on U.S. gas as some form of leverage, three sources familiar with the matter said.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Diversified Energy Closes $42 Million Summit Natural Resources Acquisition
- New Alternatives for Noise Reduction in Gas Pipelines
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
- Woodside May Delay Final Investment Decision on Louisiana LNG to Q2, CEO Says
