Gas storage

Qatar Strikes Another 15-Year LNG Supply Deal with Kuwait

Qatar agreed on Monday to supply Kuwait with 3 million tons per annum of LNG for 15 years, the second such deal since 2020 as Kuwait imports the fuel to help meet rising demand for power generation.

New Zealand to Reverse Oil and Gas Exploration Ban, Ease LNG Import Rules

New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration and take urgent steps to remove regulatory hurdles to import LNG amid energy shortages.

Vietnam's Newest LNG Terminal Prepares for Commissioning with October Cargo

Vietnam's Cai Mep LNG terminal is seeking a cargo to initiate commissioning tests, two industry sources said, putting it on track to become the country's second terminal to bring in the fuel.

Tanker Arrives for Cooldown at Louisiana’s Plaquemines LNG Plant, Signaling Startup Phase

A tanker full of LNG has docked at Venture Global LNG's Plaquemines export plant in Louisiana, with another vessel, the Kwangyang, on its way to the facility, according to shipping data from LSEG on Friday.

Editor’s Notebook: Alaska’s New LNG Pipeline Push Faces Long Odds

Pipeline & Gas Journal Exclusive: Alaska’s ambitious LNG pipeline project might seem like a game-changer, but significant hurdles remain. In this Editor’s Notebook, we dive into the latest developments, investor concerns, and what it all means for the future of U.S. energy exports. Can the Last Frontier overcome the odds?

Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Million

The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators more valuable.

Caliche to Expand Gas Storage and Carbon Sequestration with Sixth Street Backing

The investment will fund the expansion of the Golden Triangle Storage facilities in Beaumont, Texas, and the Central Valley Gas Storage in Princeton, California, including the addition of two new natural gas caverns.

Spain’s Cepsa Sells Iberian Gas Unit for $302 Million to Empresas Copec

Spain's second-largest oil company Cepsa has agreed to sell its liquefied gas division Gasib in Spain and Portugal to a unit of Chile's Empresas Copec for $302.42 million, the companies said on Friday.

Tennessee Pipeline Gets Initial FERC Approval

FERC has given a preliminary green light to East Tennessee Natural Gas to build 122 miles of 30-inch-diameter natural gas pipeline, providing about 300,000 dekatherms per day of firm natural gas transportation to the Tennessee Valley Authority’s Kingston Fossil Plant.

BP Tells Regulators Venture Global's LNG Plant Doesn't Need More Time to Start Production

Oil and gas producer BP Plc told federal regulators on Wednesday that it has reviewed confidential commissioning documents and does not believe Venture Global LNG needs more time to begin commercial production.

Swan Energy to Sell $399 Million Stake in LNG Terminal to Turkish Firm

Indian oil and gas firm Swan Energy plans to sell a stake in one of its LNG terminals to Turkish state energy company BOTAS in a deal worth $399 million, it said in an exchange filing on Wednesday.

EnLink Midstream Approves Major Capacity Increase at Louisiana Gas Storage Facility

The Stage 1 expansion, which leverages existing assets at JISH, is expected to cost approximately $85 million and will increase the facility’s working gas storage from 2 Bcf to 10 Bcf.

Cheniere's South Texas LNG Project 62% Complete, Ahead of Schedule

The company also added that its Corpus Christi Stage 3 project, an export facility in South Texas, was progressing ahead of schedule, and was 62.4% complete as of June 30.

Osaka Gas, ADNOC Sign Landmark Agreement for Long-Term LNG Supply

Osaka Gas has signed a long-term deal with UAE's ADNOC for the delivery of up to 0.8 million metric tons per annum of liquefied natural gas to secure stable supplies.

U.S. Natural Gas Producers Plan Further Output Cuts as Prices Plummet

Major U.S. natural gas producers are preparing to further curtail production in the second half of 2024, after prices sank nearly 40% over the past two months.

Trace Midstream Acquires LM Energy’s Delaware Basin Gas Gathering, Transportation Assets

Trace Midstream Partners II has acquired LM Energy’s gas gathering and transportation assets in the Northern Delaware Basin, adding 170 miles of pipeline and 12 compressor stations to its portfolio.

U.S. LNG Exports Fall Again in July on Freeport LNG's Slow Restart

Texas-based Freeport LNG is the country's second-largest LNG export facility, and its production woes in the last few years have played a crucial role in swings in U.S. natural gas and global LNG prices.

AI Data Center Boom Drives Future Gas Demand for TC Energy

TC Energy revealed that 300 data centers under construction in the U.S. will require an additional 6-8 Bcf/d of natural gas, with over 60% of these centers located within 50 miles of their pipelines.

India's HPCL Seeks LNG Deals, Eyes December Start for New Terminal

India's Hindustan Petroleum is scouting for LNG import deals as it expects to start its 5 million ton per year LNG terminal in western India by end of this year, its head of finance said on Tuesday.

Enterprise to Grow NGL Export Capacity at Houston Ship Channel

Enterprise Products Partners is expanding the company’s NGL export capacity by 300,000 bbl/d in the Houston Ship Channel to meet strong demand.

Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project

Williams Cos.’ $1 billion pipeline project is halted after a U.S. appeals court overturns the Federal Energy Regulatory Commission's approval, citing inadequate environmental and public interest reviews.

Iberdrola Faces Up to $535 Million Claim in LNG Contract Dispute with Pavilion

Spanish utility Iberdrola faces claims worth up to $535 million in an arbitration process launched by Singaporean LNG company Pavilion Energy over a supply contract, according to Iberdrola's earnings report.

CF Energy to Build Natural Gas Pipeline for Xinhui Daze Project

The pipeline will supply natural gas to the Xinhui Daze gas thermal power project in Daze, Xinhui, Jiangmen, Guangdong.

Occidental Sells Delaware Basin Assets to Permian Resources for $818 Million

U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million, as it plans to cut down debt.

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.

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.

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.