Gas storage

Pipeline Operator Enbridge to Buy US Gulf Coast Gas Storage Facility for $335 Million

Calgary, Alberta-based pipeline operator Enbridge Inc. said it would buy a gas storage facility in Tres Palacios in the U.S. Gulf of Mexico coast region for $335 million to strengthen its LNG export business.

Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project

Tellurian Inc. is facing a new setback in a long-running effort to advance a $12.5 billion U.S. LNG export project. Commodities trader Gunvor Ltd. can walk away from a 10-year, about $12 billion commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by Feb. 28.

Venture Global Strikes 20-Year LNG Supply Deal with Excelerate Energy

U.S. LNG company Venture Global LNG has agreed to supply 0.7 million tonnes of LNG per annum to Excelerate Energy Inc. for 20 years. The LNG will be delivered to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana.

Say ‘Aloha’ to New Trend of Hydrogen Blending with Hawaii Gas

(P&GJ) — While most of the naphtha is converted to methane, some hydrogen is produced in the steam reformer process, resulting in hydrogen concentrations of up to 10% to 15%. As natural gas utilities around the world look to hydrogen as a potential solution to decarbonization, the decades of experience Hawaii Gas already has with a hydrogen blend provide an insightful study into the performance of equipment using hydrogen blends.

EPA: US 2022 Power Plant Emissions Fell on Switch from Coal to Gas

U.S. power plant emissions of pollutants that harm human health and warm the planet fell last year as the industry continued a switch from coal to natural gas, the Environmental Protection Agency said on Friday.

FERC’s Pipeline, LNG Project Evaluations Looking at EJ

(P&GJ) — The Federal Energy Regulatory Commission (FERC) is devoting an increasing amount of attention and staff resources to the evaluation of impacts of interstate natural gas pipeline and LNG terminal projects on environmental justice (EJ) communities (that is, communities with disproportionately large minority and low-income populations).

Trinidad to Begin Negotiations for Gas Deal with Venezuela in March

A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.

China Gas Holdings Secures LNG Supply Deals with Venture Global for 40-Year Term

China Gas Holdings has agreed to two 20-year LNG supply contracts with U.S. exporter Venture Global, adding to a flurry of deals signed between China and the U.S. since 2021. It would buy a total of two million tonnes per year of LNG from Venture Global under the two contracts with supply set to kick off in 2027.

Abu Dhabi's ADNOC Looks to Raise Up to $2 Billion from IPO of Gas Unit

State oil giant Abu Dhabi National Oil Co. (ADNOC) said on Thursday it has set a price range for an initial public offering (IPO) of its gas unit that could raise up to $2 billion and give ADNOC Gas an equity valuation of $47 billion to $50.8 billion.

Cheniere Initiates Permit Process for Key Sabine Pass Project Expansion

Cheniere Energy Inc. on Thursday initiated an expansion permit process of LNG export capacity at its key Sabine Pass plant in Louisiana after the exporter topped revenue estimate on strong demand following Russia's invasion of Ukraine.

Expanding Gas Infrastructure Presents Alternative to Permian Constraints

(P&GJ) — Oil is still serious business in the Bakken Shale, but when it comes to midstream, the money is on natural gas. As in the Permian Basin, oil production in the Williston has a high rate of associated natural gas. But the Bakken’s residual gas is rich in natural gas liquids (NGLs), and that requires infrastructure generally more akin to North Texas’ Barnett Shale than West Texas’ Permian.

Tellurian Taps LNG Demand Surge to Deliver Fourfold Jump in Production

Tellurian Inc. on Wednesday reported a fourfold increase in quarterly natural gas production to meet a surge in demand triggered by Western sanctions against Russia over the Ukraine invasion.

Financial Community’s Outlook on Oil and Natural Gas

(P&GJ) — Hop-scotching around North America in the fall of 2022 turned up varying voices calling for systemic changes in the energy industry that carry impacts from Wall Street to main street, from Canada to Mexico.

Leviathan Group Starts Plans for Israeli Floating LNG Terminal

Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating LNG terminal off the coast of Israel, the companies said on Tuesday.

Putin Lauds Gas Giant Gazprom, Says Asian Demand Will Soar

"Despite unfair — to put it bluntly — competition, direct attempts from the outside to hinder and restrain its development, Gazprom is moving forward, launching new projects," Putin told Gazprom CEO Alexei Miller.

IEA's Birol Warns of Tighter Energy Supply Next Winter

International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new LNG is coming to the market while China's consumption is set to rise this year.

Williams Strikes Natural Gas Gathering Deals with Oil Major Chevron

Natural gas processing and transportation firm Williams Cos Inc. said on Friday it executed deals with oil major Chevron Corp.'s unit to support natural gas development in the Haynesville basin as well as the deepwater Gulf of Mexico.

India's GAIL Explores Up to 26% Equity Stake in US LNG Projects

India's largest gas distributor GAIL (India) Ltd. is looking to buy an equity stake of up to 26% in an LNG liquefaction plant or project in the United States, according to a document issued by the company.

US LNG Producers Poised to Leapfrog Rivals with Three New Projects

Projects best positioned to move ahead include Sempra Energy's Port Arthur plant in Texas, Energy Transfer LP's Lake Charles in Louisiana and NextDecade Corp.'s Rio Grande in Texas. They have all or most of the long-term LNG sales agreements needed to convince bank's that the projects are ready for debt financing, according to Reuters analysts.

Report: Galp Planning to Sell 10% Stake in Mozambique Gas Project

Portugal's Galp Energia has mandated Bank of America to prepare a sale of its 10% stake in a multibillion-dollar natural gas project in Mozambique's Rovuma basin, the Negocios newspaper said on Thursday, citing an unidentified source linked to the energy sector.

US Gas Producers Skimped on Price Hedges and Now Face A Reckoning

A rout in natural gas prices will hurt first-quarter earnings and cash flows at gas producers as hedges — the industry's version of price insurance — were inadequate to offset the expected losses, analysts and industry experts said.

Italy to Sign Gas Turbines Contract with Azerbaijan

Italy is set to sign a new contract to sell four gas turbines to Azerbaijan, its industry minister said on Saturday ahead of his visit to the Asian country that is one of Rome's most important energy partners.

Enagas: Algeria Regains Spot as Spain's Top Natural Gas Source

Enagas said 25%, or 8,545 GWh, of total gas deliveries to Spain in January of this year came from Algeria. Both countries are linked through the 757-kilometer (470-mile) submarine Medgaz pipeline.

Germany in Advanced Talks with Oman for Natural Gas Supplies

Germany and Oman are in advanced talks to sign a long-term deal for LNG lasting at least 10 years as Berlin continues its search for alternatives to Russian fuel supplies, three sources familiar with the matter said.

CEZ Seeking $45 Million in Damages from Gazprom for Gas Undersupply

Czech utility CEZ said on Thursday it had initiated international arbitration in Geneva against Russian gas company Gazprom seeking compensation for lower-than-contracted gas delivery last year.

Cardinal Midstream Acquires 80 Miles of Natural Gas Pipelines in Delaware Basin

(P&GJ) — Cardinal Midstream Partners has entered a deal to acquire Medallion Midstream Services' natural gas assets in the Delaware Basin, which includes approximately 80 miles of high- and low-pressure natural gas gathering pipelines and a 140 MMcf/d natural gas processing facility.

Tellurian Woos Indian Investors for Its Driftwood LNG Project

Houston, Texas-based Tellurian resumed talks with Indian oil and gas companies for investments in Driftwood LNG late last year. Delays have hit construction of the Driftwood facility, but CEO Octavio Simoes said it is on track for its first gas output in 2026.

India's Petronet Seeks More LNG Under Long-Term Qatar Deal

Petronet LNG, India's top gas importer, will seek up to 1 MTPA in additional LNG supplies when it renews its long-term deal with Qatar, the company's CEO said on Tuesday. Petronet, which is currently purchasing LNG from Qatar at $16 per million British thermal unit, has until the end of this year to renew its deal.

Russia's Novatek, India's GAIL Poised to Seal Gas Sales Deal

Russia's largest LNG producer, Novatek, is close to a deal to supply gas to GAIL (India) Ltd. as it seeks alternative markets to Europe, three industry sources said. The companies are negotiating the terms of a contract and could seal an agreement within a week, the sources said, adding volumes would depend on logistics, such as shipping and insurance.

Enagas: Number of Ships Loading LNG in Spain Doubled in 2022

The number of ships loading LNG in Spain and taking it across Europe doubled in 2022 compared with the previous year, helping ease the energy crisis driven by Russia's invasion of Ukraine, gas grid operator Enagas said on Thursday.