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NEWS ARCHIVE



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Asia LNG prices slip despite strong competition, limited Russian supply
-10/22/2021 2:48:24 PM
Asia liquefied natural gas (LNG) prices slipped this week but are expected to remain at high levels on concerns over low European gas storage levels due to strong competition from Asia and diminishing hopes for more gas supply from Russia.
Altus Midstream to combine with Blackstone-backed BCP Raptor
-10/22/2021 2:47:14 PM
Texas pipeline operator Altus Midstream said it would merge with BCP Raptor, a holding company for pipeline assets in the Permian Basin owned by investment firms, with the combined entity to be valued at $9 B inclusive of debt.
From abandoned fields to salt caves, Gazprom's gas storage is almost full
-10/22/2021 2:46:00 PM
Gazprom's domestic storage is almost full, giving the Russian state gas giant leeway to increase exports this winter, officials and industry experts say, potentially encouraging news for Europe as it toils under surging power prices.
Qatar Energy says it is committed to being trusted supplier to India
-10/22/2021 2:41:14 PM
Top liquefied natural gas exporter Qatar Energy said it remains committed to being a trusted partner for energy supplies in India and does not miss shipments it is contractually obligated to deliver.
India's top gas importer sees LNG price surge spurring long-term contracts
-10/22/2021 2:39:35 PM
Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of India's top gas importer said on Friday.
Poland's PGNiG does not expect to be 'forced' to buy Russian gas after 2022
-10/22/2021 2:28:27 PM
Polish gas company PGNiG does not expect it will have to buy Russian gas after its long-term contract with Gazprom expires in 2022, but does not exclude spot purchases, the company's chief executive Pawel Majewski told Reuters
Siemens transfers joint venture stake to Voith
-10/22/2021 1:56:50 PM
Siemens Energy and Voith have agreed that Voith will take over Siemens Energy's 35% stake in the joint venture Voith Hydro.
China signs LNG deals with U.S. supplier Venture Global
-10/21/2021 6:32:09 PM
China has agreed three huge liquefied natural gas (LNG) deals with U.S. exporter Venture Global LNG as the world's second-biggest economy looks to secure long-term supplies amid soaring gas prices and domestic power shortages.
GTT to design the fuel tanks for six new LNG-fueled mid-size container vessels
-10/21/2021 6:20:15 PM
GTT has been chosen by its partner the Korean shipyard Samsung Heavy Industries (SHI) to design the cryogenic fuel tanks of six LNG fueled container vessels.
23rd WPC Welcomes Alex Epstein and Robert Bryce
-10/21/2021 3:06:24 PM
The 23rd World Petroleum Congress Organizing Committee is pleased to welcome acclaimed authors Alex Epstein and Robert Bryce to the already-robust Congress program.
Israel considering new pipeline to boost gas exports to Egypt
-10/21/2021 1:18:26 PM
Israel is considering the construction of a new onshore pipeline to Egypt in order to quickly boost natural gas exports to its neighbour in the wake of the recent tightening of global supplies.
U.S. natgas slips ahead of storage report on forecasts for less demand
-10/21/2021 1:07:40 PM
U.S. natural gas futures slipped about 2% on October 20, 2021 on forecasts for slightly lower demand next week and a easing of gas prices in Europe ahead of a U.S. storage report expected to show a bigger-than-usual build for a sixth week in a row.
Elliott to hold ribbon cutting ceremony for $60 MM cryogenic pump testing facility
-10/20/2021 11:43:25 PM
Company officials and invited guests will gather on October 22, 2021 to commemorate the completion of Elliott’s new $60 MM state-of-the-art cryogenic pumps testing facility.
High prices could slow India's transition to gas
-10/20/2021 5:27:28 PM
High prices threaten India's goal to boost the use of gas in its energy mix as some industries are looking at switching back to coal and petcoke, a top bureaucrat in the federal oil ministry said on Wednesday.
China signs huge LNG deals with U.S. supplier Venture Global
-10/20/2021 4:13:53 PM
China has agreed three huge LNG deals with U.S. exporter Venture Global LNG as the world's second-biggest economy looks to secure long-term supplies amid soaring gas prices and domestic power shortages.
EIA projects non-OECD Asia to become the largest importers of natural gas by 2050
-10/20/2021 3:06:44 PM
In the EIA's International Energy Outlook 2021 (IEO2021), they project that non-OECD countries in Asia will collectively become the largest importers of natural gas by 2050.
WCCF to deliver low-carbon fuels to ship operations in California
-10/20/2021 2:21:30 PM
West Coast Clean Fuels LLC has executed delivery service agreements to develop, permit, manage and operate the end-to-end clean fuel supply chains for two first-of-their-kind, decarbonized maritime ship operations––one ocean-going and one in port––in two major California ports.
U.S. natgas edges up as price look cheap after 8% drop in prior session
-10/20/2021 1:49:06 AM
U.S. natural gas futures gained 2% on as an 8% drop in the prior session made prices seem relatively cheap with the winter heating season just around the corner.
Singapore regulator takes special measures to clinch energy security
-10/20/2021 1:44:11 AM
Singapore's energy regulator announced rare preemptive measures to safeguard the country's energy security as surging global gas prices roiled the city-state's electricity market.
East Coast Cluster selected as one of the UK’s first two CCS projects
-10/19/2021 3:21:28 PM
The East Coast Cluster (ECC) has been named as one of the UK’s first carbon capture, usage and storage clusters following a successful bid to the Department for Business, Energy & Industrial Strategy (BEIS).
India presses Qatar for delayed LNG as power crisis mounts
-10/18/2021 4:53:30 PM
India, grappling with its worst power crisis in five years, has asked Qatar to expedite delivery of 58 delayed liquefied natural gas (LNG) cargoes, two sources familiar with the matter said.
Japan's Mitsubishi to spend $17.5 B by 2030 to drive decarbonization
-10/18/2021 1:59:22 PM
Japan's Mitsubishi Corp will invest $17.54 B by 2030 in alternative energies such as renewables and hydrogen to drive its decarbonisation efforts and cut emissions.
U.S. natgas futures fall 4% on rising output, mild forecasts
-10/18/2021 1:43:40 PM
U.S. natural gas futures fell about 4% to a three-week low on Monday as output slowly rises and on forecasts for the weather to remain milder than normal through early November.
Gazprom books fraction of gas transit capacity via Poland, ignores Ukraine
-10/18/2021 11:55:38 AM
Russian gas giant Gazprom has booked about a third of offered additional gas transit capacity via the Yamal-Europe pipeline via Poland for November and has not booked any volumes via Ukraine, auction results showed on Monday.
Technip Energies, Shell test the latest Cansolv CO2 capture technology improvements
-10/18/2021 11:50:53 AM
Technip Energies and Shell Catalysts & Technologies unveiled that their jointly developed improvements on the Cansolv CO2 Capture technology are being tested in a pilot plant campaign at Fortum Oslo Varme’s waste-to-energy plant.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The editors of <i>Hydrocarbon Processing</i>, sister publication to Gas Processing & LNG, will release their “HPI Market Data 2022” annual forecast report in October.
Industry Focus: Sensor advances allow pipeline leak detection to take to the skies
-Doug Baer
Sustainability and green initiatives have always been laudable objectives, with mission statements around the world confirming commitments to lower emissions and energy consumption, and increase recyclability, to name a few.
Maintenance and Reliability: Prevent unplanned shutdowns for LNG liquefaction facilities
-Peter Zhang
Although an unplanned shutdown is an integrated part of the operational and safety management system of an operating plant, unplanned shutdowns for a modern LNG liquefaction operating facility often become some of the costliest events for the facility owner.
Regional Focus: Balancing Africa’s world-class LNG projects and the environment
-Shem Oirere
The construction of world-scale natural gas processing plants by three of Africa’s top natural gas producers has attracted scrutiny, despite efforts to commercialize the continent’s hydrocarbon resources and expand energy supply on the continent.


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