Europe gas prices set to fall amid high storage levels throughout 2024

Gas prices in Europe could fall as low as US$6.70 per MMbtu in the summer as the mild winter will see storage levels remain above 55% according to a new report by Wood Mackenzie.

Europe's record gas stocks amid mild winter raise energy security, policy questions

Europe is expected to end the winter with a record amount of gas in storage due to mild weather and increased wind generation, impacting energy prices and highlighting the importance of policy measures for future supply security.

Shell publishes Energy Transition Strategy 2024

Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021 and with this energy transition update, Shell is focusing on how the same strategy delivers “less emissions”.

Technip Energies, JGC, and NPCC got limited approval for ADNOC’s Ruwais LNG Project in the UAE

Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement and construction activities at the Ruwais low-carbon LNG project, located in Al Ruwais Industrial City, Abu Dhabi.

Israeli gas producer NewMed says ADNOC buy-in offer on hold

A $2-B offer by Abu Dhabi's national oil company and to buy a 50% stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region.

U.S. asks Venture Global LNG to justify filing of confidential documents

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

JERA to conduct trial of co-firing ammonia at coal power plant from March to June

Japan's top power generator, JERA, plans to co-fire 20% of ammonia with coal at its Hekinan thermal power station, in what it said will be the world's first trial using a large amount of the gas at a major commercial plant.

Softer spot LNG prices see demand gain, contrast with contract pain

Lower spot prices for LNG in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China.

Ukraine starts checking LPG from EU, fearing Russian supply

Ukrainian energy customs have started inspections of imported LPG produced in the EU by blending components, fearing that some of them may have come from Russia.

EQT to buy Equitrans Midstream in bid to boost natural gas margins

Top U.S. natural gas producer EQT Corp said it agreed to buy Equitrans Midstream in an all-stock deal that values its former pipeline unit at about $14 B including debt, as companies look to navigate decade-low prices for the commodity.

Freeport LNG's feedgas usage falls again

Feedgas intake at the second largest U.S. LNG plant has fallen by almost half over the last week

NextDecade targets Train 4 final investment decision at Texas (U.S.) LNG facility in H2 2024

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

ADNOC issues early EPC award for Ruwais LNG Project

ADNOC announced that it has issued a Limited Notice to Proceed for early engineering, procurement and construction activities to a joint venture, led by Technip Energies, with JGC Corporation and National Petroleum Construction Company PJSC for its low-carbon LNG project in Al Ruwais Industrial City, Abu Dhabi.

Major European energy companies ask U.S. regulators to deny Venture Global LNG's permit extension

Top European energy companies asked U.S. regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana (U.S.) export plant.

Japan spot LNG contract price for February not disclosed

The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.

Shell's LNG, gas and power trading boss Hill to move on

Shell's head of LNG, natural gas and power trading Steve Hill is leaving the company.

Dominion Energy announces closing of sale of Ohio (U.S.) natural gas distribution company

Dominion Energy, Inc., announced closure of the sale of its Ohio natural gas utility – The East Ohio Gas Company – to Enbridge Inc. for approximately $6.6 B, including assumed indebtedness and adjusted for customary closing items.

U.S. natgas prices drop 6% to one-week low on small storage withdrawal, mild weather

U.S. natural gas futures dropped about 6% to a one-week low on an expected much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

EU energy regulator adds to pressure on Germany over gas tariff

European Union energy regulators added to growing pressure on Germany over Berlin's levy on cross-border gas trading, which some countries say puts the EU's energy solidarity at risk and hurts efforts to cut reliance on Russia.

U.S. natural gas pipeline accidents pose big, unreported climate threat

Accidental pipeline leaks – caused by things like punctures, corrosion, severe weather and faulty equipment - happen routinely and are a climate menace that is not currently counted in the official U.S. tally of greenhouse gas emissions, according to an examination of public data and regulatory documents.

Asian spot LNG prices inch up on emerging Chinese demand

Asian spot LNG prices inched up this week as temperatures below seasonal normal levels in China pushed buyers back into the market, especially as prices had recently fallen below that of some oil-linked contracts.

India's Hydrogen Ambitions: Powering the Future with Green Fuel

India has launched the ambitious National Green Hydrogen Mission in January 2023, aiming to become a global leader in the production, utilization, and export of this clean fuel.

AG&P LNG acquires 49% stake in Vietnam's Cai Mep LNG terminal

Singapore-based Atlantic, Gulf and Pacific LNG, a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal.

Europe's mild winter leaves gas stocks at record high

Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account.

Germany could start refilling gas storage caverns from mid-March

Germany may be able to start filling gas storage facilities ahead of the 2024-25 winter as early as next week, operators group INES said, a task made easier as high levels of gas remain from the heating season that ends this month.

Mexico's Pemex, Carlos Slim team met to discuss deepwater gas project

Mexican state energy company Pemex and billionaire investor Carlos Slim's team are discussing ways to revive development of the country's first deepwater natural gas field that was shelved twice before.

U.S. natural gas prices little changed ahead of federal storage report

U.S. natural gas futures were little changed as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

Netherlands won't permit gas drilling in sensitive Wadden Sea, government says

The Netherlands will not permit companies to drill for gas in the Dutch part of the protected Wadden Sea, the Dutch government said, in a move that will block planned exploration by Shell and ExxonMobil joint venture NAM.

Saudi Aramco, UAE's ADNOC in talks to invest in U.S. LNG projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company are in talks to invest in U.S. LNG projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market.

India sees $4.95-B investment for natural gas network in northeast Kashmir

India expects investment of about $4.95 B from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh.