Business & Markets
BW LPG Ceases Investment in India LPG Import Terminal Project
BW LPG has ended its $10 million investment in an onshore LPG terminal at JNPA in Navi Mumbai, India, to refocus on shipping and trading amid market uncertainty.
Guangdong Pearl River Signs 15-Year LNG Deal with ConocoPhillips
Guangdong Pearl River Investment has signed a 15-year agreement to purchase LNG from ConocoPhillips, with supply expected to begin in 2028. The deal was announced during the World Gas Conference, though volume details remain undisclosed.
Vopak Advances Australia LNG Import Terminal After Victoria Eases Rules
Vopak says it is moving ahead with its proposed LNG import terminal in Victoria, Australia, after the state passed legal reforms to streamline approvals for energy infrastructure projects amid looming supply concerns.
U.S. Natural Gas Prices Surge 10% on Output Dip and Technical Buying
U.S. natural gas futures jumped 10% amid lower production, rising demand forecasts, and technical buying, with analysts citing pipeline maintenance and summer heat projections as key market drivers.
Austria’s Central Gas Hub Grows Trading Volumes After Russian Supply Ends
Austria’s Central European Gas Hub has reported increased trading volumes despite the halt of Russian gas flows through Ukraine, with higher liquidity driven by alternative supplies via Germany and Italy, according to CEO Gottfried Steiner.
Williams Plans New Transco Expansion to Serve 'Power-Hungry' Virginia
Williams announced a new Transco pipeline expansion to deliver up to 950 MMcf/d of natural gas to Virginia, targeting the region's rising energy demand driven by data center growth and power generation needs.
Russia's Arctic LNG 2 Starts Second Train Despite Sanctions Blocking Sales
Russia’s Arctic LNG 2 project has started production at its second train despite being unable to export gas from its first train due to U.S. sanctions and shipping shortages, a source told Reuters. Novatek, the plant's majority owner, declined to comment.
Occidental, ADNOC’s XRG Team Up on $500 Million Texas DAC Hub
Occidental and ADNOC’s XRG have signed an agreement to explore a joint venture for a South Texas Direct Air Capture facility that could remove 500,000 tonnes of CO₂ annually, with XRG considering a $500 million investment in the project.
Continental Accuses Hess of Artificially Inflating Midstream Fees, Costing It $69 Million
Continental Resources has filed a lawsuit against Hess Corp., alleging it was defrauded of up to $69 million through inflated midstream service fees tied to Bakken wells, shifting value to Hess Midstream at the expense of non-operating partners.
Gas Pipeline Blocked in 2020 Could Be Revived in Empire Wind Deal
A federal-state compromise to lift a stop-work order on New York’s Empire Wind project may revive a long-blocked natural gas pipeline from Pennsylvania, potentially reshaping midstream infrastructure plans in the Northeast.
Fluxys, OQGN to Develop Hydrogen Pipeline Network in Oman
Fluxys and OQGN have signed a cooperation agreement to jointly develop a hydrogen transportation network in Oman, supporting the country’s Vision 2040 energy transition goals and enabling future hydrogen exports to Europe.
ConocoPhillips CEO Warns U.S. Shale Output Could Plateau at Current Oil Prices
ConocoPhillips CEO Ryan Lance said U.S. shale oil output could plateau if prices remain in the $60–$70 range, with declines likely below $60. He also projected LNG demand to rise sharply, requiring growth from both Qatar and the U.S.
Five Point Seeks $2 Billion Sale of Permian Pipeline Operator Northwind
Private equity firm Five Point Infrastructure is exploring a $2 billion sale of Northwind Midstream, its Permian Basin gas infrastructure operator focused on acid gas treatment, according to sources familiar with the matter.
Penspen Joins UK’s HyNet Project with CO₂ Pipeline Design Deal
Penspen has secured a multi-million-pound contract to lead the detailed engineering design of the HyNet CO₂ pipeline, a key UK project aiming to cut emissions by up to 10 million tonnes annually and help meet national net-zero targets.
U.S. DOE to Resume LNG Export Permit Decisions After Policy Pause
The U.S. Department of Energy will begin reviewing pending LNG export permits for non-FTA countries after completing a study on environmental and economic impacts, ending a pause enacted under the Biden administration.
TotalEnergies Signs 20-Year Canada LNG Deal, Takes Stake in Ksi Lisims Project
TotalEnergies has signed a 20-year agreement to purchase 2 million tons of LNG annually from Canada’s Ksi Lisims project and acquired a 5% stake in developer Western LNG, with options to expand its ownership when a final investment decision is made.
U.S. Gulf Coast’s First LNG Bunkering Hub Approved for Construction
GLBP, a joint venture between Pilot LNG and Seapath, has secured final permits to build the first LNG marine fuel terminal on the U.S. Gulf Coast, with construction set to begin later this year and operations starting in 2027.
Russia's Gazprom in Talks with Serbia on New Gas Supply Deal
Gazprom is negotiating a new natural gas supply contract with Serbia, which relies heavily on Russian gas via the TurkStream pipeline. Talks follow President Vucic’s recent visit to Moscow and aim to finalize a deal by May 31.
Permian Pipeline Constraints Push Waha Gas Prices Below Zero
Natural gas prices at the Waha Hub in West Texas dropped below zero for the fourth time in 2025 due to pipeline maintenance and constraints, highlighting ongoing midstream bottlenecks in the Permian Basin.
North Dakota Oil Producers to Cut Rigs as Prices Fall
Oil producers in North Dakota are planning to cut rigs and frac crews as prices dip below breakeven levels, with the state expecting a drop in rig count to 27 by August, according to its mineral resources department.
Oil Companies Face Spill Liability Under New Guyana Law
Guyana’s parliament has passed a bill requiring oil companies to provide financial assurance for oil spills and comply with stricter regulations, holding them liable for damages as offshore production climbs past 900,000 barrels per day.
Azerbaijan Reports 3.1% Drop in BTC Pipeline Oil Exports
Azerbaijan’s oil exports via the BTC pipeline dropped 3.1% year-on-year to 9.3 million metric tons in January–April, with total transit volumes also down, according to official government data.
Iowa Senate Passes Bill Tightening Rules on Carbon Pipeline Land Seizures
The Iowa Senate passed a bill tightening requirements for carbon pipeline companies to use eminent domain, adding landowner protections and new limits on pipeline operations amid growing pushback from rural communities.
Line on Trans Niger Pipeline Shut After Spill in Ogoniland
Renaissance Energy shut down a line on Nigeria’s Trans Niger Pipeline following an operational oil spill near the B-Dere community. Cleanup efforts are underway after the pipeline was clamped and the leak contained.
U.S. LNG Developers Target 2025 FIDs Despite Trade Headwinds
U.S. LNG developers are moving forward with over 90 MTPA in new export capacity despite cost concerns, trade tariffs, and supply chain risks. Projects from Cheniere, Venture Global, and Woodside are among those targeting FID in 2025.
China Overtakes U.S. as Leading Buyer of Crude on Trans Mountain Pipeline
China has overtaken the U.S. as the top buyer of Canadian crude shipped through the Trans Mountain pipeline, as trade tensions and sanctions reshape global oil flows and increase Asia-bound exports from Alberta.
EPA to Rule on Backlog of Refinery Biofuel Exemption Requests
The EPA plans to issue decisions on more than 160 pending refinery biofuel exemption requests, marking a shift in biofuels policy and potentially impacting blending, RIN markets, and midstream operations starting in 2026.
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040
Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Phillips 66 will sell a 65% stake in its Germany and Austria JET-branded retail fuel network for $2.8 billion, forming a joint venture with Energy Equation Partners and Stonepeak while retaining a minority interest.
Strathcona Acquires Canada’s Largest Crude-by-Rail Hub, Sells Assets for $2.84 Billion
Strathcona Resources has acquired the Hardisty Rail Terminal, Western Canada’s largest crude-by-rail hub, and sold its Montney assets for $2.84 billion as part of its midstream-focused consolidation strategy.
- 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
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
