Business & Markets
LNG Deliveries to U.S. Export Facilities Decline to Lowest Level Since 2019 - EIA
According to data released from the U.S. Energy Information Administration (EIA), deliveries of natural gas to U.S. export facilities fell during most of the month of May to levels not seen in almost two years.
Oil Surges on U.S.-China Trade Optimism, Falling Crude Output
Oil prices jumped around 5% on Friday as crude oil production continues to fall around the world and President Trump indicated that the U.S.-China trade deal was still on track.
Malaysia's LNG Exports in May Set to Drop to Lowest Since Mid-2018 — Data
LNG exports from Malaysia, the world's fourth-largest natural gas exporter, are expected to drop to their lowest levels in two years as producers are hit hard by plunging demand stemming from the coronavirus pandemic.
Sinopec to Build $2.8 Billion LNG Terminal in Eastern China
Sinopec has contracted with the city of Zhoushan on China's eastern coast to build a $2.8 billion LNG import terminal.
Global Energy Investment Expected to Fall 20% in 2020 Due to COVID Crisis — IEA
The International Energy Agency expects industry investments in 2020 to plunge by as much as 20% due to the global drop in demand related to the coronavirus pandemic.
Alberta Cuts Oil Output by 1 Million Barrels Per Day: Minister
The energy minister of Alberta, Canada's oil-producing province, has informed OPEC that the province has cut 1 million barrels per day (bpd) in production since many of the largest oil-producing countries around the world agreed to production cuts.
Enbridge to Raise Rates on Express Crude Pipeline
Enbridge has filed a proposal with the Federal Energy Regulatory Commission (FERC) to raise shipping tariffs on its Express crude oil pipeline by 3%.
India Looks to Store Cheap Oil in United States — Oil Minister
India's oil minister said the country is exploring the possibility of storing some of the excess oil it purchased from the U.S. in American storage facilities.
U.S. LNG Exports Drop More Than a Third as Pandemic Shrinks Demand
According to data from multiple gas trading houses, LNG exports from the U.S. have fallen by more than a third since the early part of this year.
Negative Gas Pricing Possible in Europe as Demand Slumps
Gas markets across Europe are facing the possibility of negative pricing on futures contacts barely a month after prices for crude oil in the U.S. dropped below zero.
Sempra Energy Delays Port Arthur LNG Project Decision to 2021
Citing market concerns caused by the coronavirus pandemic, Sempra LNG, a subsidiary of Sempra Energy, announced it has delayed an investment decision regarding its Port Arthur LNG project until 2021.
Russian Gas Transit via Poland Has Nearly Stopped: Ifx
Flows of natural gas from Russia across Poland on the Yamal pipeline have almost completely stopped barely a week after a transit deal between the two countries expired.
TC Energy Completes Sale of Coastal GasLink Stake
TC Energy has completed the sale of a 65% stake in its Coastal GasLink pipeline.
U.S. Oil Output from Major Shale to Reach Nearly Two-Year Low in June — EIA
New data from the U.S. Energy Information Administration expects oil output from seven major shale operations in the U.S. to fall by nearly 200,000 bpd in June.
Cameron LNG Begins Production Train 3 at LNG Facility
Cameron LNG, owned by Sempra LNG, has begun producing LNG from the third and final liquefaction train of its Phase 1 liquefaction-export project in Hackberry, Louisiana.
Alaska LNG Project Receives FERC Authorization, but Doubts Loom
Alaska's proposed multi-billion-dollar LNG project has received FERC authorization, but the project still has a long way to go.
Kinder Morgan Restarts Units at Elba LNG Facility After Fire
Kinder Morgan has begun restarting two of its three trains damaged in a fire at its Elba Island LNG facility in Georgia.
Ukraine's Odessa Receives First WTI Oil Cargo from U.S. — Sources
Ukraine's Odessa import facility received its first West Texas Intermediate oil cargo from the U.S. this week after futures prices turned negative last month.
Dominion to Keep Exporting LNG from Maryland Cove Point During June Maintenance
Maintenance scheduled to be performed on a section of Dominion Energy's Cove Point LNG facility in June should not affect exports from the facility the company said on its website.
EU Court Throws out Challenge from Nord Stream 2
The second-highest court in Europe has dismissed a challenge by the owners of the Nord Stream pipelines against Europen Union gas rules, leaving it up to individual countries to enforce them.
Colombian Government Considers Intervention in Oil Pipeline Tariffs
The Columbian governments is re-examining how tariffs on oil pipelines in the country are calculated as many producers have been hit hard by falling oil prices due to the coronavirus pandemic.
Petronas, China LNG Deal Calls for Distribution via ‘Virtual Pipelines’
Petronas and China's Clean Tiger Energy have agreed to an LNG supply deal with a provision that the Chinese company distributes the fuel to remote locations using ISO tanks.
Gazprom Reduced Gas Supplies to Germany, Turkey in March — Interfax
Data released from the Interfax news agency reported that Russia's Gazprom reduced its supplies of LNG in March to Germany and Turkey, two of its key partners.
EQT Cuts U.S. Gas Production as Coronavirus Depresses Prices
The largest natural gas producer in the U.S., EQT Corporation, said it has begun to reduce output from its operations in the Marcellus and Utica shale formations.
Oryx Launches Binding Open Season on Proposed Expansion of Delaware System
Oryx Midstream has launched a binding open season to gauge interest on a proposed expansion of its Delaware oil pipeline system.
Russia's Transneft, Rosneft Disagree Over Oil Transport Costs
Two of Russia's largest energy companies have failed to reach an agreement on restructuring oil transportation costs amidst the global collapse in oil prices due the coronavirus pandemic.
Phillips 66 to Raise Rates for Gray Oak Crude Pipeline
Phillips 66 is proposing to raise its tariff rates on its Gray Oak, Permian Basin pipeline.
Poland Expects Russia to Continue Gas Transit to Europe
Polish authorities expect that Russia's Gazprom will continue to transport gas through their country into Europe even after a transit deal between the two countries expired earlier this week.
NextDecade Delays Rio Grande LNG Final Investment Decision to 2021
Barely more than a week after NextDecade announced it would make a Final Investment Decision on its Rio Grande LNG project in 2020, the company announced it has pushed the decision back to 2021.
Williams Discontinues New York Pipeline Project After Key Permit Denial
Energy regulators in New York have once again denied a key water permit for Williams controversial Northeast Supply Enhancement Project causing the company to indefinitely suspend the project.
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Boardwalk Approves 110-Mile, 1.16 Bcf/d Mississippi Kosci Junction Pipeline Project
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
