natural gas
European Commission expected to propose new sanctions on Russian LNG
The European Commission's next sanctions package is expected to propose restrictions on Russian LNG for the first time, including a ban on trans-shipments in the EU and measures on three Russian LNG projects.
U.S. natgas prices drop 5% on forecasts for less demand
U.S. natural gas futures slipped about 5% on an outlook for reduced heating demand next week and on the eve of a closely watched weekly federal storage report.
DTE Energy misses quarterly profit estimates on natgas unit weakness
Electric and gas utility DTE Energy missed Wall Street estimates for the first-quarter profit, hurt by weakness in its natural gas unit.
Equinor to expand LNG trading, eyes deals in Europe, Asia, senior exec says
Norwegian energy group Equinor plans to expand its LNG trading business and is in talks with a number of potential buyers in Europe and Southeast Asia.
First tanker in 12 days sets sail from Freeport LNG in Texas (U.S.)
The first tanker in 12 days set sail from Freeport LNG's Texas export terminal, signaling the resumption of gas processing after an outage this month.
Rising spot LNG prices starting to bite some Asian buyers
There are early signs that the rise in the spot price for LNG for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India.
Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan
Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.
Russia does not rule out LNG exports stagnating in next 4 years
Russia's LNG exports could stagnate in the next four years under the two less-rosy of three Economy Ministry scenarios - a sign that Western sanctions might be cramping Moscow's energy plans.
Canada's TC Energy says NGTL pipeline system resumes normal operations after fire
TC Energy's NGTL gas pipeline system in the western Canadian province of Alberta has resumed normal operations after a rupture prompted the company to reduce pressure on a segment of the line.
Mitsui to join with ADNOC and others in LNG project in UAE
Japan's Mitsui & Co plans to participate in a $7-B LNG project in the United Arab Emirates, teaming up with Abu Dhabi National Oil Company and others.
Spain's gas use falls again despite recovery in industrial demand
Spain's gas demand fell 4% in the first quarter of the year as a drop in use to produce electricity and keep homes warm during a mild winter offset a higher industry requirement.
Russia's Gazprom ships first LNG cargo this year from Portovaya to Asia around Africa
Russia's Gazprom is shipping its first cargo of LNG to Asia this year from its Portovaya plant on the Baltic Sea, travelling around the southern tip of Africa in order to avoid the Red Sea.
U.S. natural gas consumption set annual and monthly records during 2023
In 2023, the United States consumed a record-high 89.1 Bcfd of natural gas, marking a 4% average annual increase in consumption since 2018.
Hong Kong's Wah Kwong orders more LNG carriers banking on growing trade
Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of LNG carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel.
First tanker in 11 days arrives at troubled Freeport LNG export plant
The first LNG tanker to dock at Freeport LNG's gas liquefaction plant in 11 days arrived on over the weekend.
U.S. natural gas prices up over 1% on rising feedgas to Freeport LNG
U.S. natural gas futures rose more than 1%, as an increase in feedgas to the Freeport LNG export plant and a drop in output outweighed lower demand forecasts for next week and mild weather outlook.
Technip Energies OQ’s Marsa LNG project in Oman
Technip Energies has been awarded a substantial contract by TotalEnergies and OQ for the Marsa LNG bunkering project located in Sohar, Oman.
TotalEnergies launches the Marsa LNG project and deploys it's multi-energy strategy in the Sultanate of Oman
During a visit in Muscat, Patrick Pouyanné, Chairman and CEO of TotalEnergies met with His Majesty Sultan Haitham bin Tariq Al Saidand His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals, to reaffirm the long-term partnership between TotalEnergies and the Sultanate of Oman.
TotalEnergies signs an agreement to acquire the remaining 50% of SapuraOMV
TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd to acquire its 50% interest in Malaysian independent gas producer and SapuraOMV for a consideration of $530 MM, subject to closing adjustments.
Oman LNG forges strategic partnership with BOTAS for LNG supply to Turkey
Oman LNG solidifies its global energy presence by entering into a strategic partnership with BOTAS, aimed at supplying LNG to Turkey and fostering international collaboration in the energy sector.
PetroChina lifts first spot LNG cargo from PNG national oil firm
PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company.
U.S. natgas prices up 2% to one-week high on colder forecasts, drop in output
U.S. natural gas futures climbed about 2% to a one-week high on forecasts for cooler weather and more demand next week than previously expected a continued drop in output and rising gas flows to LNG export plants, including Freeport LNG.
Asia spot LNG at fresh three-month high on supply concerns
Asian spot LNG prices rose this week to a new three-month high due to supply concerns amid tensions in the Middle East and a drop in feedgas deliveries to two LNG terminals in the U.S.
U.S. natgas flows rise to Texas Freeport and other LNG export plants
The amount of natural gas flowing to the seven U.S. LNG export plants, including Freeport LNG, was on track to jump by around 17% from a 15-month low.
U.S. natgas prices up 3% ahead of storage report as LNG feedgas rises
U.S. natural gas futures climbed about 3% on forecasts for cooler weather and more demand next week than previously expected and with an increase in the amount of gas flowing to LNG export plants, including Freeport LNG.
Mexico's Pemex to hand over natural gas project to business magnate
Mexican state oil firm Pemex has agreed to hand over control of its Lakach natural gas project in the Gulf of Mexico to Grupo Carso, a company belonging to Mexican billionaire Carlos Slim.
Rupture on TC Energy's NGTL gas pipeline sparks wildfire in Alberta
A section of TC Energy's NGTL gas pipeline system in Alberta ruptured and caught fire, sparking a wildfire in a remote area, the company said.
U.S. natural gas trade will continue to grow with the startup of new LNG export projects
In the U.S. EIA's recently released Short-Term Energy Outlook, it was forecast that U.S. LNG exports will continue to lead growth in U.S. natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.
EU expected to sue Germany over gas tariff
The European Commission is expected to sue Germany for charging its neighbors an extra fee for buying gas from its storage, seen as flouting the EU's single market rules.
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.
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Saudi Aramco, UAE's ADNOC in talks to invest in U.S. LNG projects
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
