economics
Balticconnector gas pipeline will be in commercial use again, Gasgrid says
The damaged Balticconnector gas pipeline between Finland and Estonia will be in commercial use again on April 2024, Finnish gas system operator Gasgrid executive Janne Gronlund told an industry conference.
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology.
Tamarack Valley shuts Alberta output after gas plant fire
Canada's Tamarack Valley Energy has temporarily halted production at a Canadian Natural Resources Ltd gas plant in Alberta following a fire.
Engie buys two Dutch biogas sites, hunts for more
French energy company Engie has acquired two biomethane production sites in the Netherlands it hopes to expand, in line with plans to produce 10 terawatt hours of the gas and sell 30 TWh annually in Europe by 2030.
VNG plans investments in green gases, turned to profits in 2023
VNG, an east German gas subsidiary of power utility EnBW, said it will invest up to $5.31 B by 2035, mostly in green gases.
Norway's Nyhamna gas plant ramps up output after Sleipner repair
Norway's Nyhamna gas processing plant gradually ramped up exports following successful repairs of a faulty valve on the North Sea gas transportation hub Sleipner Riser.
Trafigura to commercially deploy Daphne technology's PureMetrics on LNG carrier
Daphne Technology reached a significant milestone as Trafigura, a global commodities industry leader, selected them for the first commercial deployment of PureMetrics, slated for the summer of 2024.
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced that it has signed a partnership agreement with Cleopatra Enterprise, a leading project cost management software company.
EQT to sell some natgas assets in Pennsylvania (U.S.) to Equinor USA
EQT will sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA in exchange for Equinor's onshore asset in the Appalachian basin and $500 MM in cash.
Russia's Gazprom ships second LNG cargo from Portovaya to Spain
Russia's Gazprom shipped a second cargo of LNG from its small-scale Portovaya LNG plant on the Baltic Sea to Spain.
Uzbekistan aims to achieve a chemical hub status with the help of Chinese polymer tech
Uzbekistan is embarking on a significant economic transformation with the help of Chinese technology, aiming to capitalize on its natural gas reserves by producing value-added products rather than solely relying on energy consumption.
Japanese consortium to invest $370 MM in I Squared Capital's India natural gas platform
A Japanese consortium will invest $370 MM to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India.
The U.S. exported a record volume of natural gas in 2023
The U.S. exported 10% more natural gas in 2023 than in 2022, a record of 20.9 Bcfd, according to the U.S. EIA's Natural Gas Monthly. U.S. LNG exports accounted for more than half of all U.S. natural gas exports, and natural gas exports by pipeline to Canada and Mexico accounted for the remainder.
Oklahoma (U.S.) sues two companies over alleged natural gas price manipulation
Oklahoma (U.S.) has sued two energy companies, accusing them of manipulating natural gas prices during Winter Storm Uri in 2021, according to a press release from the state attorney general's office.
Asia spot LNG at 3-month peak on steady demand, supply disruption
Asian spot LNG prices edged up, reaching the highest levels in three months, as they remained supported by steady demand and supply disruption concerns.
U.S. natgas prices ease 1% to 2-week low on lower demand forecasts
U.S. natural gas futures eased about 1% to a two-week low on worries about an oversupply of gas in storage and forecasts for lower demand over the next two weeks than previously expected due to a drop in feedgas to the Freeport LNG export plant in Texas (U.S.).
EU Parliament approves legal option to block Russian LNG imports
The European Parliament voted to pass rules allowing European governments to ban Russian LNG imports, by preventing Russian firms from booking gas infrastructure capacity.
U.S. natgas prices fall 5% on big storage build, low feedgas to Freeport LNG
U.S. natural gas futures dropped about 5% on a bigger-than-expected storage build and forecasts for lower demand over the next two weeks than previously expected due to a drop in feedgas to the Freeport LNG export plant in Texas.
Galveston LNG Bunker Port advances with construction permit application
Galveston LNG Bunker Port, LLC, formed as a partnership between Pilot LNG and Seapath Group, has taken a significant step forward in its plans to establish the GLBP small-scale natural gas liquefaction facility on Shoal Point in Texas City, Texas.
Mild winter weather may lead to persistently high natural gas inventories through 2025
The surplus to the five-year average grew over winter 2023–24 because of mild weather, low natural gas consumption, and high natural gas production. In our April Short-Term Energy Outlook, the U.S. EIA expects natural gas inventories to remain relatively high and natural gas spot prices to remain relatively low through 2025.
APA curtailed natural gas production in Q1 amid weak prices
U.S. oil and gas producer APA Corp said that it had curtailed natural gas production in the first quarter due to weak prices.
Germany's Mukran LNG terminal receives operating permit
Germany's Baltic Sea import terminal for LNG at Mukran on Ruegen island has received its operating permit under federal and state laws.
Mubadala-backed Atvos inks deal to build $69 MM biomethane plant in Brazil
Brazilian ethanol producer Atvos has signed an agreement to build a biomethane factory in the state of Mato Grosso do Sul, with investments seen at more than $69.4 MM.
AVEVA and Newpoint Trillium Management announce partnership for clean hydrogen project
AVEVA announced a strategic partnership with Newpoint Trillium Management, LLC creating a digital twin for their clean hydrogen and manufacturing projects to reindustrialize the former Department of Energy sites in Ohio and Kentucky as well as projects throughout Central Appalachia.
U.S. natgas flows to Texas Freeport LNG export plant rises
The amount of natural gas flowing to Freeport LNG's LNG export plant in Texas was on track to rise for a second day in a row, according to data from financial firm LSEG.
Chevron hands Myanmar gas field stake to junta, Thailand's PTTEP
U.S. energy company Chevron has quit the Yadana natural gas field in Myanmar, a spokesperson said, more than two years after it condemned violence and human rights abuses there and announced it would leave.
The illusion of accuracy in analyzing plant failures
This article highlights the challenges faced by plant engineers in accurately determining damage mechanisms, discussing three common illusions of accuracy including temperature limits, reliance on single references, and confirmation bias during failure investigations.
TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
French oil and gas giant TotalEnergies said a planned new LNG project in Papua New Guinea would require 'more work' before a final investment decision could be reached.
OCP and Fortescue to partner to develop green energy, hydrogen and ammonia in Morocco
OCP Group and Fortescue Energy announced a landmark JV in Morocco which aims to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets.
Investments exceeding $1 T needed for hydrogen infrastructure
Emmanouil Kakaras, Executive Vice President at Mitsubishi Heavy Industries, emphasized the necessity for substantial investments in infrastructure to facilitate the widespread adoption of hydrogen fuel in Europe and the United States.
- 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