Gas
Pieridae Energy Halts Production Due to Low Natural Gas Prices
Pieridae Energy said it has shut-in the production of about 6,250 barrels of oil equivalent per day that flows to a third-party owned and operated facility, in response to low natural gas prices.
Turkey to Sign Long-Term LNG Contracts for 2027-2037, Minister Says
Turkey is set to finalize long-term contracts for liquefied natural gas (LNG) to cover the 2027-2037 period, Energy Minister Alparslan Bayraktar said on Friday.
Edison and Snam Sign $608 Million Gas Storage Deal
EDF's Italian unit Edison will sell its gas storage unit to gas grid operator Snam in a deal giving the assets an enterprise value of around $608 million, the two companies said on Thursday.
TC Energy Close to Finalizing Stake Sale in 15,000-Mile Natural Gas Pipeline System, Sources Say
Calgary-based TC Energy is close to finalizing the sale of a stake in its 15,152-mile natural gas pipeline system to Indigenous groups in Western Canada.
EQT Completes Equitrans Midstream Acquisition
EQT Corp. has finalized its acquisition of Equitrans Midstream Corp., marking a significant shift in the natural gas sector. This merger creates a major vertically integrated natural gas company in the U.S.
Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
(P&GJ) — The project, known as the “Port MacKenzie Expansion,” aims to extend APLC’s existing pipeline infrastructure to connect with a future LNG import terminal.
Zachry Out as Lead Contractor for Texas LNG Project in Settlement with Exxon, Qatar Energy
A bankruptcy court approved a Zachry Holdings and Golden Pass LNG settlement on Wednesday that will allow Exxon Mobil and Qatar Energy, the Golden Pass owners, to hire a new lead contractor to complete its LNG plant.
Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
(P&GJ) — Williams has notified FERC of its plans to commence construction for its Louisiana Energy Gateway pipeline on July 25. However, Energy Transfer has responded to the filing with concerns, arguing that Williams is proceeding without full regulatory clarity from FERC on the project’s jurisdictional status.
Viridi Signs 20-Year Deal with Énergir for Pipeline-Quality RNG
(P&GJ) — Viridi Energy has secured a 20-year agreement to supply pipeline-quality renewable natural gas (RNG) to Énergir, the largest natural gas distribution company in Quebec.
Brazil's TAG, Eneva to Launch New LNG Pipeline Connection in October
TAG CEO Gustavo Labanca said on Tuesday that $62.67 million was invested in the new 25-km (15.5-mile) pipeline section, which will be able to transport as much as 14 million cubic meters of LNG per day.
Texas LNG Brownsville Signs 20-Year Liquefaction Deal with EQT
Glenfarne's Texas LNG and EQT have executed a 20-year tolling agreement for natural gas liquefaction services for 2 million tonnes per annum of LNG, the energy companies said on Tuesday.
New Fortress Secures $700 Million Loan for Second LNG Unit in Mexico
U.S. energy infrastructure company New Fortress Energy said on Tuesday it closed a $700 million loan for its second liquefied natural gas production unit at its Fast LNG project in Altamira, Mexico.
Gas-Rich Venezuela Faces Production Challenges Ahead of Election
While it sits atop the world's eighth-largest natural gas reserves and the biggest in Latin America, Venezuela's output fell to 4 Bcf/d this year from almost 8 Bcf/d in 2016, data from consultancy Gas Energy Latin America showed.
EQT Reports Smaller-than-Expected Q2 Loss, Boosted by Higher Sales Volumes
EQT Corp. posted a smaller-than-expected second-quarter loss on Tuesday, as the natural gas producer benefited from higher sales volumes.
Naturgy Reaches Agreement with Sonatrach on 2024 Gas Supply Prices
Spanish power company Naturgy said on Tuesday it has reached an agreement with Algerian state oil and gas company Sonatrach on 2024 prices for gas supply.
Energean to Invest $1.2 Billion in Israel's Katlan Gas Project
Energean will invest about $1.2 billion to develop the Katlan project off Israel, the company said on Tuesday as it announced its final investment decision, with gas output expected to commence in the first half of 2027.
Archrock to Buy Natural Gas Compression Firm TOPS for $983 Million
The transaction comes as dealmaking in the Permian shale basin, the largest U.S. oilfield that straddles West Texas and New Mexico, has extended to this year after a bumper 2023.
U.S. Senators Propose Bill to Fast-Track Energy Project Approvals
Senate energy committee leaders introduced legislation to expedite permitting for LNG export projects. The bill sets a 90-day deadline for the Secretary of Energy to approve or deny LNG export applications, aiming to end the current pause on such approvals.
QatarEnergy-Exxon’s Texas LNG Project Construction to Speed Up After Contractor Settlement
Work to complete the QatarEnergy and ExxonMobil $11 billion liquefied natural gas project in Texas could speed up following a settlement agreement allowing the joint venture to choose a new contractor to take over the development, according to court documents.
BP, PDVSA Rush to Complete Gas Deal Before Venezuela Election
BP, Venezuela's PDVSA and Trinidad and Tobago's National Gas Company are speeding negotiations for a Venezuelan license to develop natural gas deposits in the Caribbean Sea, four people familiar with the matter said.
Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Global pipeline construction surged to nearly 42,000 miles in mid-2024, driven by increased LNG and hydrogen infrastructure needs, with significant expansions in North America and Europe.
Projects July 2024
Enbridge selects Barnard, CBNA for Great Lakes Tunnel; Energy Transfer joins carbon capture initiative in Louisiana; YPF advances $2.5 billion Vaca Muerta pipeline project; Piñon Midstream boosts Delaware Basin gas capacity; Mexican developer seeks U.S. permit for LNG export.
New Fortress’ FLNG Asset Achieves First LNG Offshore Mexico
New Fortress Energy Inc. has announced that it has achieved First LNG for its initial Fast LNG asset located offshore Altamira, Mexico.
South Korea's KOMIPO Cancels LNG Import Terminal Due to High Costs, Declining Demand
South Korea's Korea Midland Power Co. (KOMIPO) has cancelled plans to build a LNG import terminal on the western coast of the country due to high costs and declining demand for the fuel.
Equinor Awards Valaris $500 Million Drilling Contract for Brazil's Raia Field
Equinor has awarded a drilling contract in Brazil worth $498 million to Valaris on behalf of partners in the Raia field development project, the Norwegian company said on Monday.
Freeport LNG Resumes Exports in Texas as Gas Processing Ramps Up
The U.S.' second largest liquefied natural gas exporter Freeport LNG has resumed shipments after shutting operations ahead of Hurricane Beryl, with processing on track to reach about half its capacity on Monday, according to preliminary LSEG data.
Woodside Energy to Acquire Tellurian for $1.2 Billion, Securing Future of Driftwood LNG Project
The agreement could strengthen the United States' position as the world's largest producer of the superchilled gas by securing the completion of Tellurian's 27.6 million metric ton per annum facility in Lake Charles, Louisiana.
Freeport Prepares to Restart LNG Exports After Two-Week Halt
A LNG tanker was docked at the Freeport LNG terminal for the first time in almost two weeks on Friday, likely signaling the resumption of exports of the superchilled gas from the second-largest LNG exporter.
LNG’s Role in a Realistic Energy Transition
We are observing remarkable expansion and diversification within the global LNG market. It is projected that the market will grow from 400 million tons in 2023 to over 600 million tons by 2029.
Exxon to Sell Malaysian Oil, Gas Assets to Petronas, Sources Say
Exxon has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, an exit from a country where it used to be a dominant producer, sources said.
- Mexican President: Billionaire Slim Interested in Pemex Natural Gas Project
- Freeport LNG Sues Three Contractors Over Defects at Texas Plant
- Energy Transfer Adds 6,000 Miles of Pipeline with $3.25 Billion WTG Midstream Acquisition
- FERC Approves Transco's Texas to Louisiana Gas Pipeline Project
- Williams Says Court Rules in Its Favor in Pipeline Dispute with Energy Transfer
- U.S. to Buy 4.5 Million Barrels of Oil to Replenish Strategic Petroleum Reserve
- Kurdish Oil Smuggling to Iran Flourishes
- U.S. Court Overturns Alaska Oil Lease Sale, Halting Energy Development
- Second Gas Pipeline Rupture in Texas’ Reeves County Raises Environmental Concerns
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
