Business & Markets
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.
US Natgas Futures Up with Oil Prices, Despite Mild Weather
U.S. natural gas futures edged up on Monday as the market focused more on rising oil prices than on higher gas output and forecasts for milder weather and lower heating demand next week than previously expected.
Russian Gas Flows to Europe Broadly Steady
Russian gas deliveries to Europe on three key pipeline routes were steady overall on Monday, rising via the Nord Stream 1 and easing via Ukraine, while reverse flows on the Yamal-Europe pipeline rose.
US Tells Buyers of CPC Oil to Be Wary of Suspicious Non-Russian Origin Papers
The U.S. Treasury told buyers to be cautious if they think certificates stating crude from the Caspian Pipeline Consortium is not of Russian origin have been falsified.
US Natgas Slides Over 2% On Rising Output, Mild Weather
That U.S. price decline came even as global demand for gas to replace Russian fuel after its invasion of Ukraine keeps U.S. LNG exports near record highs and European gas prices about seven times over U.S. futures.
NFE Announces LNG Agreements with Venture Global LNG
New Fortress Energy Inc. has entered two 20-year sale and purchase agreements with Venture Global LNG. Under the deals, Venture Global will supply 2 MTPA of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana.
Infrastructure Rollout Will Enable Africa to Expand LNG Exports, Meet Global Demand
An increase in investment towards infrastructure development and gas E&P activities will enable Africa to position itself as a leading LNG exporter.
US Gulf of Mexico Brimming with LNG Tankers as Exports Rise
LNG export terminals are running near full capacity with U.S. exports in high demand amid Russia's invasion of Ukraine and Europe's drive to rebuild shrunken natural gas stocks.
Biden Administration Approves More LNG Exports to Europe
The Biden administration authorized additional exports of LNG from Cheniere Energy in a move that can likely help Europe deal with an energy crunch worsened by Russia's invasion of Ukraine.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
