Gas
Higher LNG Exports to Drive Up US Natural Gas Prices, EIA Projects
Increasing exports of U.S. LNG through 2050 will raise domestic prices for natural gas, the Energy Information Administration (EIA) said on Wednesday.
US Offers Oil, Gas Drilling Rights in First Auction Since Biden's IRA
Biden's Interior Department had attempted to suspend federal oil and gas leasing to study its environmental and climate impacts, but the Inflation Reduction Act that passed last year requires some oil and gas auctions if federal rights of way are offered for renewable energy projects.
US Permian Natural Gas Flaring Could Rise in 2024, Report Shows
Natural gas flaring in the top U.S. shale basin is poised to increase next year, a report released on Tuesday projected, as the region's output exceeds available pipeline capacity.
Comet Ridge, Jemena Ink Deal for Mahalo North Gas Pipeline
(P&GJ) — Under the deal, Jemena will immediately undertake a pre-FEED study of a Jemena-owned and operated high-pressure gas transmission pipeline of approximately 73 km (45 miles) from the Mahalo North Gas Project to Jemena’s Queensland Gas Pipeline (QGP).
Caliche Launches Open Season for Expansion Project, Firm Natural Gas Storage in Beaumont
(P&GJ) — Caliche Development Partners II has launched a non-binding open season to solicit natural gas firm storage service to support the development of two additional natural gas storage caverns at Golden Triangle Storage facility in Beaumont, TX.
Finland's Gasum Terminates Gazprom Pipeline Gas Contract
Gasum has terminated a contract to buy natural gas from Gazprom Export via pipelines from Russia. Gazprom ceased pipeline-based natural gas deliveries to Gasum in May 2022 in a dispute over payments, and the two sides had been in talks to resolve the matter.
Australia's Beach Energy Shares Tumble on Waitsia Gas Project Delay
Shares of Beach Energy Ltd. fell nearly 8% on Thursday after the Australian oil and gas explorer said it was no longer prudent to maintain capital expenditure and timing estimates for its $520.93 million Waitsia Stage 2 gas project.
Woodside Open to Talks with Chinese Firms for Scarborough Gas Project
Woodside Energy Group said on Tuesday it is open to talks with Chinese firms to invest in its $12 billion Scarborough LNG project in Australia.
NextEra Partners to Sell Texas, Pennsylvania Gas Pipeline Assets in Renewables Shift
(P&GJ) — Capitalizing on the affordability and demand for significant investments in decarbonizing the U.S. economy, NextEra Energy Partners LP is refocusing on renewable energy. As part of this strategy, the business intends to sell its STX Midstream in the Eagle Ford shale play and Pennsylvania’s Meade natural gas pipeline assets, positioning itself as a fully renewables-based company.
Regional Spotlight: US Consolidates, Expands Ahead of LNG Export Demand
(P&GJ) — U.S. midstream companies would be hard-pressed this year to approach the record earnings that many achieved in 2022, but the sharp decline in oil and natural gas prices from last year’s highs hasn’t blunted their expansion efforts.
Alaska LNG Project Clears Legal Challenge, Advances 800-Mile Gas Pipeline
A U.S. appeals court has rejected a lawsuit filed by environmental groups that challenged the federal approvals required for a $39 billion project aimed at transporting natural gas across Alaska, starting from the North Slope. According to a spokesperson, construction on the 800-mile pipeline and related infrastructure has not yet commenced.
An Operator’s Perspective: How to Comply with New US Gas Gathering, ILI Regulations
(P&GJ) —Traditionally, most gas gathering lines were small-diameter, low-pressure systems traversing sparsely populated areas, posing little risk from a business, safety, and environmental perspective. More recently, the volume of gas transported through gathering systems has increased significantly due to the advancements in horizontal drilling and hydraulic fracturing techniques.
Marcellus Bottlenecks Continue to Muddy the Picture
(P&GJ) — It has gotten to be a familiar yet no less frustrating story for midstream operators in the Marcellus-Utica region: pipeline takeaway capacity remains bottlenecked and production from the gas-rich region continues to stagnate.
Cheniere Inks 19-Year LNG Supply Deal with Korea Southern Power
(P&GJ) — Under the agreement, Korea Southern Power has agreed to purchase approximately 0.4 MTPA of LNG from Cheniere on a delivered ex-ship basis from 2027 through 2046, with a smaller annual quantity to be delivered starting in 2024.
Spotlight on Argentina: Projects to Strengthen Gas Service in Northern Region
(P&GJ) — The government of Argentina decided to accelerate the reversal works of the Northern Gas Pipeline, which will guarantee supply to the entire north of Argentina, as well as allowing for exportation to Chile from the Vaca Muerta.
EU Joint Gas Purchases Demand More Than Matched by Supply Offers
Gas suppliers have made offers to supply more than 13.4 Bcm of gas in the EU's joint gas buying scheme, European Commission Vice-President Maros Sefcovic said on Tuesday. The volume offered would more than cover the 11.6 Bcm of gas that European Union companies have requested in the bloc's first round of joint gas buying.
Kazakhstan, Russia Map Out Gas Pipeline to China
The pipeline would help Russia, hit by Western sanctions over its invasion of Ukraine, boost sales of its energy and commodities in Asia while also ensuring that Kazakhstan secures supplies for its central, northern and eastern regions.
EIA: US Shale Production Set to Rise to Highest on Record in June
U.S. oil output from the seven biggest shale basins is due to rise in June to the highest on record, data from the Energy Information Administration showed on Monday. Oil output is set to rise by 41,000 barrels per day (bpd) to 9.33 million bpd, the EIA said.
Philippines' Marcos Signs 15-Year Malampaya Gas Contract Renewal
Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country's Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output.
Cyprus Says It's in Talks with Israel Over Pipeline Linking Gas Fields
Plans for a 2,000-km (1,243 mile) pipeline to take eastern Mediterranean gas to Europe have been under discussion for about a decade, and the project could potentially be part-funded by the European Union.
Argentina Seeking New Vaca Muerta Pipeline Work to Move Local Gas Supply
Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country, Economy Minister Sergio Massa said on Friday.
Coal-Fired Power Fleet in US to Halve by 2050, EIA Projects
The capacity of coal-fired power plants in the United States by 2050 will decline by more than half from 2022 levels, as environmental regulations raise costs and new plants powered by natural gas and renewable energy displace the aging fleet, the U.S. Energy Information Administration (EIA) said on Thursday.
INGAA Responds to Biden Administration Outline of Permitting Reform Priorities
(P&GJ) — "While President Biden and Secretary Granholm have both, at times, acknowledged the prolonged need for natural gas as part of the energy mix to support reliability and affordability while contributing to emissions reductions, we were disappointed to see almost no mention of natural gas or its related infrastructure in the Administration’s new Permitting Reform Priorities Fact Sheet," said Amy Andryszak, president and CEO of INGAA.
Focus: BP Ventures Back into Oil Frontiers to Boost Output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
Texas Waha Natural Gas Prices Turn Negative on Low Spring Demand
Spot natural gas prices for Wednesday at the Waha hub in the Permian Shale in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild spring weather reduced demand for the fuel.
EU Joint Gas Buying Scheme Attracts Demand From 65 Firms
More than 60 companies have submitted demands to buy gas through the European Union's scheme for joint purchases, with the bloc aiming for the first deals to be signed within months.
PetroVietnam Gas Gets Country's First LNG Import-Export Approval
PetroVietnam Gas said on Monday it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
EOG Resources May Delay Some Dorado Gas Wells in Texas Due to Low Prices
U.S. shale producer EOG Resources on Friday said it may delay some well completions in its Dorado natural gas play in Texas due to a low-price environment.
Equinor, Partners to Invest $9 Billion in New Gas Field Off Brazil
Gas from the offshore field will be directly injected into the national gas grid via a 200-km (124-mile) pipeline landing at the city of Macae in the state of Rio de Janeiro.
Denmark, Sweden Sign Solidarity Agreement on Gas Supply
Denmark and Sweden have signed an agreement on mutual support in case of gas shortages, the energy authorities of the two countries said on Monday.
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Pipeline Hydro Test Pressure Determination
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Japan Looks at Developing Domestic Pipelines Sector
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
