natural gas

Low U.S. natural gas prices to dampen prospects for Tellurian asset sale

Low U.S. natural gas prices will hurt Tellurian Inc's ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its LNG project.

U.S. LNG exports fall in February on outage and fewer calendar days

A month-long closure at Freeport LNG plant in Texas (U.S.) and fewer days in the month pushed February U.S. LNG exports 7% lower than in January.

CycleØ acquires Biogasclean to increase fully circular green gas production

CycleØ Group Limited announced its acquisition of Biogasclean, a Danish supplier of biological methanation and desulphurization systems.

EU's Russian gas exit should be written into law, says Lithuania

Lithuania is calling for the European Union to legislate its commitment to cease dependence on Russian gas by 2027, with the proposal set for discussion among EU energy ministers next week.

Brazil, Guyana, Suriname eye more cooperation in oil and gas

Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries after a meeting between their presidents.

U.S. EPA removes existing natgas plants from proposed carbon rule

The U.S. Environmental Protection Agency said it will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April, narrowing the scope of the initial proposal that would have required stringent controls on those facilities.

Asia spot LNG prices flat as ample inventories weigh

Asian spot LNG was flat this week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand.

Sugar maker Cristal Union takes stake in TotalEnergies biogas unit

French sugar maker Cristal Union will take a 10% stake in TotalEnergies's biogas unit BioNorrois due to be launched later this year, which will use sugar beet residue from one of Cristal Union's factories, the companies said.

PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered in April

PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20.

The U.S. remained the largest liquefied natural gas supplier to Europe in 2023

The U.S. was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.

U.S. natural gas rises over 7%, helped by cooler weather forecasts

U.S. natural gas futures gained more than 7%, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating.

Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration

Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

bp plans to invest $1.5 B in Egypt gas projects

bp is preparing to invest about $1.5 B to develop gas projects and drilling in Egypt over the next three to four years.

Henry Hub daily natural gas spot price fell to record lows in February

The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per MMBtu on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon.

Woodside Energy inks long-term LNG supply deal with South Korea

Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply LNG for more than a decade.

Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.

Israel says gas exports to Egypt, Jordan rose 25% in 2023

Israel said on Monday that gas supplies to Egypt and Jordan rose by about 25% in 2023, despite brief disruptions at the start of the war in Gaza, adding that exports could be expanded further.

Qatar's new LNG expansion plans to squeeze out U.S., other rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the U.S. where President Biden paused new export approvals, market experts say.

Weak gas prices primed to trigger coal-to-gas switch in Germany

A more than 25% slump this year in northwest Europe's benchmark natural gas price has helped push the price of gas-fired power generation below the cost of coal-fired generation and sets the stage for fuel switching by key regional power producers.

Bangladesh raises gas prices for power plants

Bangladesh has raised gas prices for power plants by $0.0068 per unit to ease the subsidy burden effective from this month.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

U.S. takes lead as top supplier to Europe for crude, diesel and LNG

The United States has taken the top spot as Europe's supplier of crude oil, diesel, and LNG in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.

Japan’s bloated gas stocks add to worldwide surplus

Japan’s gas inventories are well above normal for the time of year, part of a worldwide surplus in response to the period of exceptionally high prices stemming from Russia’s invasion of Ukraine in 2022.

Qatar plans new gas output boost amid global price collapse

Qatar will raise natural gas production despite a recent steep drop in global prices, in a long-term bet on rising demand for the less polluting fuel in Europe and Asia.

Czech gas 2023 consumption lowest in decades helped by savings, weather

Czech gas consumption fell last year to its lowest levels since 1992, decreasing more than 10% as customers cut back further amid a savings drive since Russia's invasion of Ukraine.

U.S. natgas spirals lower as low demand compounds plentiful supplies

U.S. natural gas futures shed more than 6% on Friday on record output, sufficient fuel in storage and lower heating demand, but prices are still headed for a weekly rise following their mid-week rally.

Uzbekistan plans to invest $500 MM to boost gas imports from Russia

Uzbekistan plans to spend $500 MM on modernizing its mainline gas system to allow it to increase imports from Russia to 32 MMm3 a day from 9 MMm3.

KT awarded Eni contract for hydrogen production in Livorno plant biorefinery conversion

MAIRE announced that its subsidiary KT - Kinetics Technology (Integrated E&C Solutions) has been awarded an EPC contract by Italian Energy company Eni to build a hydrogen production plant at Eni’s Livorno refinery.

Guyana's $1.9-B gas-to-power project delayed to 2025

Guyana will delay until 2025 its biggest effort to capitalize on its energy bounty, a $1.9 billion gas-to-power project that was to start this year, using untapped gas to slash electricity costs.

Occidental Considers $18 Billion Sale of Western Midstream, Sources Say

Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to people familiar with the matter.