Gas storage

India's GAIL Rationing Gas as Former Gazprom Unit Cuts Supplies

India's largest gas distributor GAIL (India) Ltd. has started gas rationing, cutting supplies to fertilizer and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said.

Italy's Eni Expects to Replace Russian Gas by 2025

Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.

US Natural Gas Futures Hold Steady Ahead of Storage Report

U.S. natural gas futures held steady on Thursday as the market waits for direction from a federal report expected to show a smaller than usual storage build last week as power generators burned lots of gas to keep air conditioners humming.

Czech Gas Storage Reaches 80% of Capacity Ahead of Winter Season

The Czech Republic's gas stores are 80% full, Prime Minister Petr Fiala said on Monday, as the country and other European Union member states continue to boost storage to protect against risks of a halt to Russian supplies.

Greece Looking to Secure Deal with Italy for Gas Storage

Greece has been in talks with Italy to see whether it can store gas in the neighboring country as part of efforts to secure supplies if Russian flows are disrupted, Greece's energy regulator said on Monday.

Cheniere Gets OK to Place Sabine LNG Tank Back in Service

U.S. LNG company Cheniere Energy Inc. received permission from federal regulators on Wednesday to return one of two shut storage tanks to service at its Sabine Pass LNG export plant in Louisiana following a leak in 2018.

Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas

Germany took steps to ramp up LNG imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units and choosing the North Sea port of Wilhelmshaven as the first handling hub.

Cheniere Launches Program to Monitor GHG Emissions on Natural Gas Systems

Cheniere Energy Inc. has entered a collaboration with natural gas midstream companies to implement quantification and monitoring of GHG emissions on natural gas gathering, processing, and storage systems.

Greek Recoverable Gas Reserves Seen Topping 600 Bcm, Commission Says

Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, as Athens accelerates gas exploration to cut its reliance on Russian energy.

ASCO Awarded Logistics Contracts at Waitsia Field

Logistics management company ASCO has been awarded two, five-year contracts with Mitsui E&P Australia for storage and camp management at the company’s Stage 2 Development campaign at the Waitsia gas field project.

Neptune Energy Aims to Store More Carbon than it Emits by 2030

Neptune Energy announced its aim to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.

Europe Facing Record Low Gas Storage by Winter's End

Europe's gas storage levels could hit record lows by the end of the winter heating season due to an early cold spell and muted Russian flows, data showed.

From Abandoned Fields to Salt Caves, Gazprom's Gas Storage is Almost Full

Russia, whose gas production and exports to European Union are already near record highs, said last week it needed to finish filling its own gas storage reserves before it could increase supplies to Europe's spot market.

Soaring Gas Prices Ripple Through Heavy Industry, Supply Chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.

Russia's Gazprom Says Europe Gas Prices Could Set New Records

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.

Norway Offers Two New Offshore Areas for CO2 Storage

Norway is offering two new offshore areas for companies interested in developing carbon dioxide storage, the oil and energy ministry said on Friday.

U.S. NatGas Firms on Supply Woes as Focus Turns to Storage Report

U.S. natural gas futures were near their highest in about three years on Thursday, buoyed by overall projections for lower supply as investors prepared for a federal report expected to show a smaller-than-normal storage build.

U.S. NatGas Soars Over 7% to 32-Month High on Small Storage Build, Hot Weather

U.S. natural gas futures soared over 7% to a 32-month high on a much smaller than expected storage build during hot weather last week.

Navigator CO2 Announces Service Provider Additions to Heartland Greenway Pipeline System

Navigator CO2 Ventures announced it has entered into contracts with three industry-leading companies to utilize their respective expertise in advancing the execution of the Heartland Greenway CO2 Pipeline Transportation and Sequestration System.

European Commission Approves French Support for Natural Gas Storage

France's system of financial support for natural gas storage, set up in 2017 to shore up the country's energy supplies, complies with European Union state aid rules, the European Commission said.

Chief Industries, Catahoula Resources Advancing Carbon Capture, Sequestration in Nebraska

Catahoula and Chief are evaluating CCS infrastructure investments that will enhance the sustainability and improve the economics of ethanol production through low-cost carbon storage within Nebraska.

1,200 Mile CO2 Pipeline to Create Positive Ripples in its Community

Navigator CO2 Ventures’ planned 1,200-mile carbon capture pipeline system across the U.S. Midwest should prevent up to 12 million metric tons of carbon from being released into the atmosphere each year.

Hartree Partners Buying Plains All American’s Natural Gas Storage Assets for $850 Million

Plains All American and Hartree Partners announced Plains will sell its Pine Prairie and Southern Pines natural gas storage facilities to an affiliate of Hartree for a total cash consideration of $850 million.

FERC Again Weighs Climate Impacts, Approves NatGas Pipeline Projects

Federal Energy Regulatory Commissioners approved two pipeline projects from Northern Natural Gas Company and Tuscarora Gas Transmission Company, agreeing that their climate impacts should not be significant.

Bloom Energy, Idaho National Laboratory to Use Nuclear Energy to Generate Hydrogen

Bloom Energy’s electrolyzer converts water (or steam) into hydrogen and oxygen. The hydrogen can then be injected into the natural gas pipeline, stored and used for power generation with a fuel cell at a later time, dispensed to fuel cell vehicles, or used by industrial processes that consume large amounts of hydrogen.

NextDecade, Oxy Low Carbon Ventures Agree on CO2 Transportation and Storage in South Texas

NextDecade Corporation and Oxy Low Carbon Ventures executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas, the companies announced.

Gas Storage Ups and Downs

Coming off a year that was anything but typical, it’s no surprise that gas storage – a key indicator of natural gas prices and an important market in the U.S. energy picture – has been impacted by the pandemic, but even more so, by demand growth, cancellation of major pipeline projects and the push for electrification and green energy.

Europe's Unusually Low Gas Stocks Set to Underpin Prices

European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.

Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage

Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the EIA's Weekly Natural Gas Storage Report.

Energy Transfer to Acquire Enable Midstream for $7 billion

Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.

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