Gas storage

RNG Outlook Offers Mixed Message for Midstream

(P&GJ) – In mid-2023, the international management consulting firm Boston Consulting Group (BCG) issued an assessment of renewable natural gas (RNG) that offered a mixed message.

TotalEnergies to Sell 17.5% Stake in LNG Developer NextDecade

NextDecade said TotalEnergies has offered to sell a 17.5% stake in the U.S. liquified natural gas company.

Williams to Acquire 230 Miles of Gas Pipeline, 115 Bcf Storage for $1.95 Billion

Pipeline operator Williams said on Wednesday it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion to cater to rising demand from liquefied natural gas projects.

Trinidad: First Output from Venezuela's Dragon Gas Field Expected in 2 Years

A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday.

TotalEnergies to Restart Its Delayed Mozambique LNG Project in Early 2024

French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday.

Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice

Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.

Germany's $55 Billion Gas Deal with Norway Ends Russian Dependency

Germany's decision to make Norway its biggest gas supplier, culminating in a deal this week that will cover a major chunk of its industrial needs, means it has replaced the formerly dominant Russia with another equally dominant supplier.

ADNOC Signs 15-Year LNG Supply Deal with Unit of China's ENN

Abu Dhabi's state oil giant ADNOC said on Wednesday it signed a 15-year agreement to deliver at least 1 million metric tons a year of LNG to a subsidiary of China's ENN Natural Gas.

Shell, Trinidad's NGC Get License to Develop Venezuela's Dragon Gas Field

Shell and Trinidad and Tobago's National Gas Company (NGC) were awarded a license by Venezuela on Thursday to develop the 4.2 trillion cubic feet (Tcf) Dragon gas field and export its production to the Caribbean nation.

Woodside Energy to Supply LNG to Pilbara Minerals Unit

Woodside Energy said on Thursday it has signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic liquefied natural gas (LNG) from its Pluto Truck Loading Facility in Western Australia.

Russia's Novatek Issues Force Majeure Notices Over Arctic LNG 2 Project

Novatek, Russia's largest producer of LNG, has sent force majeure notifications to some of its clients over future supplies from its Arctic LNG 2 project, four industry sources told Reuters on Thursday.

Germany's Stade LNG Project Set for February Arrival of Floating Terminal

Germany's emerging LNG terminal in the Elbe river port of Stade expects its floating regasification vessel (FSRU) to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids, its management said on Wednesday.

Putin Directs Removal of Wintershall Dea, OMV Stakes in Russian Arctic Gas Projects

Russian President Vladimir Putin has ordered that Wintershall Dea and OMV be stripped of multibillion-dollar stakes in gas extraction projects in Russia's Arctic.

Natural Gas’ Sleeping Giant Explores Its Possibilities

(P&GJ) — Africa is a land full of promise, blessed with abundant resources and huge untapped potential in human capital. And when it comes to natural gas, the country’s gas reserves in 2021 were estimated at 625.6 Tcf, which is nearly equivalent to that of the United States.

Equinor, Germany's Sefe Strike $55 Billion Gas Supply Deal

German energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor on Tuesday, covering one-third of the industrial gas needs of Europe's largest economy.

QatarEnergy CEO Anticipates Imminent LNG Supply Deals in Asia and Europe

QatarEnergy expects to agree new long-term LNG supply deals in Asia and Europe, with several "imminent", its chief executive told Reuters.

BlackRock Ends Talks with Exxon for Italy LNG Terminal Sale, Vitol Still in the Race

Asset manager BlackRock Inc. has bowed out of talks to acquire ExxonMobil Corp.'s majority stake in Italy's main LNG import terminal, three people with knowledge of the matter said.

Tokyo Gas to Acquire Gas Producer Rockcliff Energy for $2.7 Billion

With the acquisition, Tokyo Gas' natural gas production will quadruple to 1.3 Bcf/d from about 330 MMcf/d, making it one of the largest shale gas producers in Texas and Louisiana, according to Tokyo Gas.

Shell's Gas Project License Talks with Venezuela Hinge on Dispute Over Future LNG Prices

A disagreement between Shell and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field, two people close to the negotiations said.

Germany's SEFE Urgently Seeks U.S. Approval for Venture Global's CP2 LNG Project Amidst Russia Gas Pipeline Crisis

The German state-owned Securing Energy for Europe GmbH (SEFE) has become the third company to seek approval from the U.S. energy regulator for liquefied natural gas (LNG) developer Venture Global to begin construction on its CP2 LNG project in Louisiana.

EIA Forecasts 20 Bcf/d Boost for U.S. LNG Export Terminals with New Pipelines

More than 20.0 billion cubic feet per day (Bcf/d) of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. LNG export terminals that are currently under construction, according to the EIA.

LNG Developer Tellurian Names New President as Shakeup Continues

Tellurian said on Monday it appointed a new president and general counsel, days after the U.S. liquefied natural gas (LNG) developer ousted co-founder Charif Souki as chairman.

Inpex, JERA Urge FERC to Approve Venture Global's CP2 LNG Project in Louisiana

JERA's letter to the U.S. Federal Energy Regulatory Commission (FERC) dated Friday, which followed Inpex's letter on Thursday, reiterated the role of the CP2 LNG project in securing Japan's energy supply.

Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets

Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.

Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy

Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.

Kinder Morgan Forecasts 11% Profit Increase for 2024 on Growing Demand

Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids.

Sentinel Midstream, Exxon Form JV to Connect Oil Terminals in Louisiana

Pipeline operator Sentinel Midstream said on Friday it has formed a joint venture (JV) with Exxon Mobil to provide pipeline connectivity between crude oil terminals in Louisiana.

APGA Continues Focus on Advocacy of Natural Gas

(P&GJ) – Formed in 1961, the American Public Gas Association (APGA) has played an instrumental role in the operations of more than 700 member companies in 36 states ever since, by representing its members before Congress and other federal agencies through careful assembling of regulatory and legislative positions.

Occidental in Talks to Buy Permian Producer CrownRock

Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion. ConocoPhillips, Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources were also studying potential bids.

Venezuela Close to Approving Offshore Gas License with Trinidad, Shell

Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said.