Business & Markets

MPLX Reports Higher Pipeline Throughput for Q3 2022

MPLX LP's total pipeline throughputs for the third quarter 2022 were 5% higher than the same time last year, while the company increased its quarterly cash distribution by 10%, it said in an earnings statement on Tuesday.

Enterprise’s Pipelines Transport Record Volumes of Products for Q3 2022

Enterprise's pipelines moved 11.3 million barrels per day equivalent of the products, while the company's natural gas pipelines transported a record 17.5 trillion British thermal units per day, the company said.

ICE to Launch Two LNG Futures Contracts by Dec. 5

Intercontinental Exchange Inc. said it plans to launch two LNG futures contracts for northwest and southwest Europe by Dec. 5, as talks among EU countries to cap gas prices continue.

New Fortress Energy, CFE Finalize Deal for FLNG Hub Offshore Mexico

(P&GJ) — New Fortress Energy Inc. has finalized its agreements with Comisión Federal de Electricidad (CFE) to create a new FLNG hub off the coast of Altamira, Tamaulipas, with CFE supplying requisite feedgas to multiple NFE FLNG units using CFE’s existing and underutilized pipeline capacity.

Schlumberger, Linde to Collaborate on Carbon Capture Projects

(P&GJ) — Schlumberger and Linde have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors.

Hydrogen Takeoff, Grounded in Safe Pigging Operations

(P&GJ) — As a critical medium for storing and transporting large volumes of renewably produced energy over long distances, hydrogen is expected to help fuel the drive to net-zero emissions. According to the International Energy Agency (IEA), over the next 25 years, hydrogen demand is expected to grow six-fold from today’s levels.

Factbox: Germany's LNG Import Project Plans

Germany is acquiring LNG terminals as part of its efforts to diversify away from Russian gas. Here is a snapshot of known LNG project activity in Germany.

Japan Asks Malaysia's Petronas to Help Customers after LNG Disruption

Japanese industry minister Yasutoshi Nishimura has asked Petronas CEO Tengku Taufik to continue efforts to mitigate the impact on Japanese customers of its LNG after a disruption at Malaysia LNG.

Higher LNG Exports May Turbocharge US Energy Transition

Sales of U.S. "freedom gas" are on track to smash volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher natural gas prices.

Israel, Lebanon Set Maritime Boundaries on Path to Offshore Production

Lebanon and Israel have finalized a U.S.-brokered deal that sets maritime boundaries for the first time, clearing a path for more offshore gas production and infrastructure development in the Eastern Mediterranean.

Denmark's Orsted Signs Deal for Norwegian Gas via Baltic Pipe

Orsted AS has signed a supply deal for Norwegian gas from Equinor to be delivered via the newly constructed Baltic Pipe, cushioning the impact of Russian gas cuts on Danish energy markets.

Trinidad Plans LNG Hub to Help Caribbean Wean Off Oil

Trinidad and Tobago's state-owned gas company has started work on designing a small-scale LNG hub that could help the Caribbean move away from oil-based power generation

Europe's Natural Gas Demand Falls on Industrial Cutbacks

Europe slashed its natural gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were unevenly spread between countries.

PHMSA Approves Expansion of Cameron LNG Plant

An expansion of the Cameron LNG liquefied natural gas export plant won approval by a U.S. regulator on Wednesday, advancing development of a fourth gas-chilling unit.

Serbia's New Government Makes Energy Infrastructure Top Priority

The Serbian parliament appointed a new government on Wednesday whose main priorities are EU membership and investment in oil and gas pipelines and other energy infrastructure.

Factbox: Why European Gas Prices Have Been Falling

Despite dwindling Russian gas pipeline supplies, Dutch front-month gas, the European benchmark, has fallen 67% since hitting an all-time high in August to around 100 euros per megawatt hour and is at the lowest level since mid-June.

LNG Ships Wait off Spain's Coast as Higher Prices Eyed

Several ships carrying LNG anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said.

EU Energy Chief Says Gas Price Cap Possible This Winter

The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc's energy chief said on Wednesday.

U.S. Gas Production Hits Record High, Storage Still Trails

U.S. natural gas production reached a record high in September, but gas inventories remained below average despite 20% higher stock builds during the month, according to government reports.

Indonesia Expects New Gas Supply Deal with Singapore

Indonesia expects to sign a new long-term contract next week to supply Singapore with piped natural gas via the Grissik-Batam-Singapore Pipeline, its energy minister said.

Serbia Plans Nearly $12 Billion in Pipeline, Energy Projects

Serbia's new government plans to invest 12 billion euros ($11.83 billion) in energy projects, including oil and gas pipelines and increased power production capacity, prime minister designate Ana Brnabic told parliament on Tuesday.

U.S. Natgas Gains 5% on Technical Move, LNG Export Forecast

U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as LNG exports increase once export plants exit maintenance outages in coming weeks.

China's Oil Imports Fall as Pipeline Gas, LNG Rebound

China's crude oil imports in September were 2% below their level a year earlier as independent refiners curbed throughput amid thin margins and lackluster demand, but natural gas imports bounced back.

How Germany is Replacing Russian Gas

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia since its invasion of Ukraine.

Analysis-Pipeline Blasts Leave Nord Stream in Insurance Limbo

With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims.

Mozambique to Ship First Batch of LNG Exports to Europe by Early November

Mozambique expects to ship its first LNG exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region.

US Natural Gas Hits 7-Month Low, Set for Ninth Weekly Loss

U.S. natural gas futures dropped 7% on Friday to a seven-month low after falling for nine weeks in a row in a move that could help cut U.S. consumer heating costs this winter.

Panama to Add Green Hydrogen Production to Major Advanced Biorefinery

The government of Panama and energy companies, including SGP BioEnergy, announced Tuesday that they will add green hydrogen production to an advanced biorefinery in development.

Woodside Energy Awards Nel Contract for US Hydrogen Project

(P&GJ) — Woodside Energy has awarded Nel Hydrogen Electrolyzer AS, a subsidiary of Nel ASA, a contract for the alkaline electrolyzer equipment for H2OK, its proposed hydrogen project in Ardmore, Oklahoma.

Sasol, ArcelorMittal to Jointly Explore Green Hydrogen, Carbon Capture Projects

In a statement, Sasol said the two firms would jointly advance a green hydrogen and derivatives study on the Saldanha region's potential as an export hub for green hydrogen and derivatives, as well as green steel production.