Gas storage

Cheniere's Reduced Output Leads to Decline in U.S. LNG Demand

There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy's Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG.

GCL Revives Gas Business After Offloading Solar, Sets Sights on LNG Ambitions

Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters.

Mitsui Invests $740 Million in Developing Vietnam Gas Field

Japanese trading house Mitsui & Co. said on Friday it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 million.

MidOcean Energy Completes Acquisition of Tokyo Gas’ Australian LNG Interests

MidOcean Energy, managed by EIG, a prominent investor in the energy and infrastructure sectors, has finalized its acquisition of Tokyo Gas’ interests in a suite of Australian integrated LNG projects.

SEFE Acquires Full Stake in WIGA from Wintershall Dea

WIGA holds sole ownership of German regulated gas transmission system operators GASCADE Gastransport GmbH and NEL Gastransport GmbH.

Takeaway on Upswing in Permian, Haynesville

According to Pipeline & Gas Journal’s recent construction report a total figure of 19,832 miles of pipeline either planned or under construction in North America.

CPS Energy to Acquire Gas Plants from Talen Energy for $785 Million

Utility firm CPS Energy said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy for $785 million.

U.S. Gas Producers Optimistic Amidst Low Prices, Banking on LNG Expansion

Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new LNG plants to lift demand — and prices — for the fuel.

Addressing Challenges in Carbon Capture, Storage Deployment

While the use of renewables, improved energy efficiency and electric vehicles are areas of focus, oil and natural gas will continue to be in demand for petrochemicals and fueling transportation by land, sea and air.

Summit Midstream Exits Utica Shale in $625 Million Deal with MPLX

Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream company MPLX LP for about $625 million in cash.

Petronas Begins Construction of Floating LNG Facility for Argentina's Gas Exports

Malaysia's state energy firm Petronas has begun the construction of a floating liquefied natural gas (FLNG) processing unit to be placed off the coast of Argentina, which aims to begin exports by 2027.

Williams Plans Expansion of Gas Pipeline Network in Virginia

Pipeline operator Williams Cos. is preparing for a major expansion of its pipeline network in the Southeastern United States. This expansion will increase the capacity of the Transcontinental pipeline network, which spans approximately 10,000 miles from Texas to New York.

Enstor Seeks FERC Approval to Double Capacity of Mississippi Hub Natural Gas Storage Facility

Enstor Gas LLC has submitted an application to FERC through its affiliate, Mississippi Hub LLC, for an expansion of its natural gas storage facility located in Simpson County, Mississippi.

TC Energy to Sell 470-Mile British Columbia Gas Pipeline to Ksi Lisims LNG Partners

The pipeline project, which TC will sell to Ksi Lisims co-developers Nisga'a Nation and Houston-based Western LNG, is permitted to move up to 3.6 billion cubic feet of natural gas per day across British Columbia.

Russia's Gazprom Seeks Over $900 Million in Gas Dispute Damages from Polish Companies

In 2022, Poland terminated its agreement with Russia to receive Russian gas via the Yamal gas pipeline after Warsaw rejected a demand to pay for the fuel in rubles and Moscow responded by cutting off supplies.

Italy Abandons $5.2 Billion Gas Storage Tariff Plan Amid EU Concerns

Italy's energy authority said it had shelved plans for a tariff to cover the cost of keeping gas stockpiles full, following widespread criticism from energy companies and European Union objections.

FERC Asks Venture Global LNG to Justify Confidential Document Filings

The Federal Energy Regulatory Commission on Wednesday asked liquefied natural gas developer Venture Global LNG to explain the basis for its extensive filing of confidential documents in its Calcasieu Pass LNG export terminal.

Freeport LNG's Feedgas Intake Plummets Amidst Operational Challenges

Feedgas intake at the second largest U.S. LNG plant has fallen by almost half over the last week, according to data provider LSEG.

NextDecade Targets Train 4 Final Investment Decision at Texas LNG Facility for Late 2024

NextDecade said on Monday it was targeting a final investment decision (FID) and plans to start construction of the fourth liquefaction train at its Rio Grande LNG facility in Texas by the second half of 2024.

CNX Resources Delays Production Activities, Expects Volume Decline Amid Weak Gas Prices

U.S. energy firm CNX Resources said on Tuesday it expects lower production volumes in 2024 as it is delaying some well completion activities amid weak natural gas prices.

Shell's LNG, Gas, and Power Trading Chief Steve Hill to Depart Company

Hill joined Shell in 2016 following the $53 billion acquisition of rival BG Group. He has headed Shell Energy, which oversees business-to-business LNG, gas and power trading, part of the company's downstream division.

Japan Bolsters LNG Supplies, Relying More on Allies Australia and U.S.

Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.

Saudi Aramco, UAE's ADNOC in Talks for Investments in U.S. LNG Projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market, sources aware of the matter said.

Temasek Shortlists Saudi Aramco, Shell for Pavilion Energy Asset Sale

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of LNG trading firm Pavilion Energy, sources with knowledge of the matter said.

Snam Enters Exclusive Talks to Acquire Edison's Gas Storage Assets in Italy

Energy group Edison said on Monday it started exclusive talks with gas grid operator Snam over the sale of its natural gas storage assets in Italy.

Endesa's CEO Optimistic About $585 Million Nigerian LNG Contract Arbitration

Endesa CEO Jose Bogas said on Wednesday he was optimistic about the outcome of a $585 million arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

Qatar's LNG Expansion Plans Set to Squeeze Out U.S., Rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts said.

Pipeline Firm ONEOK Posts Higher Fourth-Quarter Profit on Strong Volumes

ONEOK, which has about 50,000-mile long network of pipelines, said its Rocky Mountain region natural gas liquids (NGL) raw feed throughput volumes rose by 20%, compared to last year.

Qatar Expands Gas Output Amid Plummeting Global Prices

Qatar will further raise gas production despite a steep drop in global gas prices, pushing ahead with plans to extract more of the resource amidst fierce competition with rivals such as the United States.

U.S. Regulators Set April Deadline for Decision on Venture Global LNG Permit Extension

U.S. energy regulators on Friday said they would decide quickly on liquefied natural gas developer Venture Global LNG's request for a one-year extension to its construction permit for its Calcasieu Pass LNG plant in Louisiana.