economics
U.S. natgas prices climb 2% to 15-week high on output drop, demand rise
U.S. natural gas futures climbed about 2% to a 15-week high on Wednesday on a drop in output and forecasts for warmer weather over the next two weeks that should boost the amount of gas power generators burn to produce electricity to keep air conditioners humming.
Nextchem completes acquisition of GasConTec, adding new low-carbon hydrogen/methanol to portfolio
Nextchem completed the acquisition of GasConTec, which will add new low-carbon hydrogen/methanol technologies to the company's portfolio.
Turkey signs LNG supply deal with ExxonMobil
Turkey's state pipeline company, BOTAS, and ExxonMobil signed an LNG supply agreement, as Turkey aims to diversify its energy sources.
EUROPE GAS: Prices mixed as warm weather supports softer demand
Dutch and British wholesale gas prices were mixed on Tuesday morning as warm weather continued to stay above seasonal averages, supporting softer demand.
Gazprom loss shows struggle to fill EU gas sales gap with China
Gazprom could face a long period of poor performance as it struggles to fill the gap of lost European gas sales with its domestic market and Chinese exports.
Investments surge on strong demand outlook for LNG bunkering
Drewry projects more than 1,000 LNG-fueled vessels to be in service by 2027. However, development of the bunkering infrastructure appears to be lagging in comparison to the growth in fleet as well as the potential demand, which could take a leap of 30 MMtpy by 2028.
EU to target LNG, ships, violations in new Russia sanctions package
European Union ambassadors will hold a first discussion on Wednesday on a planned 14th package of sanctions against Russia over its 2022 full-scale invasion of Ukraine.
Panama Canal in talks with US LNG producers to increase transit
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought
Australian government declares gas to be essential until 2050 and beyond
Australia's Future Gas Strategy highlighted a commitment for Australia to remain a reliable trading partner for liquefied natural gas (LNG), while underscoring the role of gas in Australia's energy mix until 2050 and beyond.
Trump vows to target EVs, LNG exports in meeting with oil CEOs
Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top U.S. oil executives.
Naturgy: Gas supply contracts with Algeria unaffected by any shareholding change
Spanish energy firm Naturgy said that its gas supply contracts with Algeria do not include any clauses that would be affected by changes to its shareholding structure.
U.S. power and natgas prices turn negative in Texas, California and Arizona
U.S. spot power and natural gas prices turned negative in Texas, California and Arizona for Tuesday as pipeline maintenance trapped gas in the Permian Shale in West Texas amid low demand for energy and ample hydropower in the West.
EU eyes Russia LNG transhipment ban, tighter control of sanction busting
The European Union is looking to enact harsher sanctions against Russia, including holding LNG owners more accountable for receiving Russian natural gas shipments.
Sinopec in talks with Pembina for LNG offtake of Cedar LNG project
China's Sinopec is in discussions with Pembina Pipeline Corp for a LNG offtake agreement and equity stake in the $4-B, 3-MMtpy Cedar LNG project in British Columbia, Canada.
Japan aims for zero-carbon electricity generation
Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality by 2050 by lowering emissions in the electric power, industrial, and transportation sectors.
U.S. natgas prices jump 5% on higher demand forecast, lower output
U.S. natural gas futures jumped about 5% on Thursday on a continued drop in output and more demand next week than previously expected is forecasted due to an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants.
Gazprom plunges to first annual loss in 20 yr as trade with Europe hit
Kremlin-owned gas giant Gazprom revealed that it plunged to a net loss of 629 B roubles ($6.9 B) in 2023, its first annual loss in more than 20 yr, amid dwindling gas trade with Europe, once its main sales market.
U.S. LNG exports fall in April for fourth straight month
U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 MM metric t in April from 7.61 MM metric t in March on production outages, preliminary data from financial firm LSEG showed.
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
U.S. natgas flows rise to 3-week high as Texas Freeport pulls in more fuel
The amount of natural gas flowing to the seven U.S. LNG export plants was on track to rise by about 5% to a three-week high as Freeport LNG in Texas started to pull in more feedgas.
Turkey in talks with ExxonMobil over multibillion-dollar LNG deal
Turkey is in talks with U.S. energy giant ExxonMobil over a multi-billion-dollar deal to buy LNG, in an effort to curb its dependence on Russian energy.
bp signs long-term LNG agreement with Korea Gas Corp
bp has entered into a long term LNG sale and purchase agreement with South Korea's state run Korea Gas Corp.
PetroChina profit boosted by stronger gas sales and fuel demand
China's top energy producer PetroChina posted a 4.7% rise in first-quarter net income helped by growth in natural gas and a recovery in fuel demand.
Top Tellurian executives poised for big payday if LNG plant goes ahead
Top executives of U.S. LNG developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold.
As demand for U.S. LNG booms, one plant struggles to stay online
The second-largest U.S. LNG export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports.
Equinor's Hammerfest LNG plant outage extended
The planned restart of Equinor's Hammerfest LNG plant, which was evacuated and shut earlier this week due to a gas leak, has been postponed until Saturday, transparency data showed.
U.S. natgas drops on lower feedgas to Freeport LNG, storage surplus
U.S. natural gas futures slipped ahead of the expiration of the May contract, weighed down by a drop in feedgas to Freeport LNG's Texas export terminal and a huge surplus of gas in storage.
TotalEnergies chief calls potential EU sanctions on Russian LNG a financial boon
Sanctions on Russian gas from the Yamal LNG project would cause prices to spike and profit global gas sellers including TotalEnergies, chief executive Patrick Pouyanne said, in response to an analyst question about the impact of potential EU sanctions.
Aspen Technology introduces new strategic planning for sustainability pathways solution
Aspen Technology, Inc. introduced AspenTech Strategic Planning for Sustainability Pathways – a new and unique integrated modelling and optimization solution that aims to guide companies in carbon capture utilization and storage decision making and sustainability strategy investments.
Asia spot LNG prices fall for first time in over two months
Asian spot LNG prices dropped slightly for the first time in more than two months this week over expectations of weak demand, amid easing concerns around supply due to tensions in the Middle East.
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
