natural gas

Former Trump, Bush officials urge Congress to reverse Biden's LNG pause

Dozens of former officials from the past two Republican U.S. administrations urged Congress to reverse the Biden administration's pause on approvals of LNG exports, saying the shipments promote global stability.

National Grid, Constellation Energy agree on LNG supply deal for Massachusetts (U.S.) facility

Britain's National Grid said it reached an agreement with gas-supplier Constellation Energy that would allow it to keep operating its Everett gas-import terminal for six years.

Diamondback in $26-B deal to buy Endeavor Energy in growing Permian push

Shale producer Diamondback Energy, said it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 B, including debt.

ADNOC Gas reports 24% Y-o-Y increase in Q4 2023 net income to $1.35 B

ADNOC Gas plc and its subsidiaries, a world-class integrated gas processing company, today announced its consolidated financial results for the three months ended December 31, 2023 and for the period from 8 December 2022 to 31 December 2023.

Russia extends permit for LNG supplies to Germany's SEFE until 2040

The Russian government has extended a permit for its Yamal LNG plant to supply LNG to German nationalized gas importer and trader SEFE until Dec. 31, 2040.

Spain's gas imports down 5% in January from same month last year

Spain's natural gas imports fell more than 5% in January compared to the same month a year earlier, data from Spanish grid operator Enagas showed.

Top Biden Administration (U.S.) official at Senate hearing defends LNG pause

A top U.S. Department of Energy official defended President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.

U.S. natgas prices fall 4% to fresh 3-year low on rising output, weak demand

U.S. natural gas futures fell about 4% on Friday to a fresh three-year low on near-record output, ample amounts of fuel in storage, forecasts for milder weather and less heating demand over the next two weeks than previously expected, and low amounts of gas flowing to LNG export plants due to an outage at Freeport LNG's facility in Texas.

Asia spot LNG prices dip on tepid demand, healthy stocks

Asian spot LNG prices dipped this week, remaining below $10 per MMBtu for the fourth week running, with a limited outlook for recovery due to tepid demand and strong inventories.

Premium of U.S. oil over natural gas hits 11-year high on natural gas price plunge

The collapse of U.S. natural gas prices this week elevated the oil-to-gas ratio to its highest since May 2012, which should prompt energy firms to drill for more oil and less gas.

Algeria's Sonatrach to supply Germany with pipeline gas for first time

Germany will receive its first supplies of pipeline natural gas from Algeria under a medium-term contract signed between a subsidiary of trader VNG AG and state-owned oil and gas firm Sonatrach.

Japan spot LNG contract price for January 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.

India's GAIL buying spot LNG to hedge against Red Sea delays

India's state-run GAIL Ltd is selling more U.S. LNG in European markets and making spot purchases to avert delays due to the Red Sea crisis.

Top Biden official (U.S.) to defend LNG pause in Senate hearing

A top U.S. Department of Energy official is set to defend President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.

Russia's Arctic LNG 2 last line is on hold, TotalEnergies CEO says

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies said.

Czechs boost imports of Russian gas at end of 2023

Traders in the Czech Republic returned to importing an increasing amount of Russian natural gas in the final months of 2023 after an earlier near-complete halt, foreign trade data from the Czech Statistical Bureau shows.

U.S. natural gas prices fall to 3-year low on rising output, ample storage

U.S. natural gas futures fell about 2% on Wednesday to a three-year low after breaking through the key $2 per MMBtu level of technical support with ample amounts of fuel in storage, rising output and less gas flowing to LNG export plants.

Bangladesh likely to sign another long-term LNG deal, buy more spot cargoes

Bangladesh will likely sign its fifth long-term LNG contract in "a couple of years" and will increase its spot cargo purchases this year.

Russia's INK may boost LPG exports by 20%-30% in 2024, focus on China

Russia's Irkutsk Oil Company will likely increase its exports of LPG by 20%-30% this year, focusing on sales to China, according to traders and industry sources, as the company recovers production.

Tellurian fights to keep its Driftwood LNG project alive

The proposed sale of LNG developer Tellurian's natural gas production assets represents a move to stay afloat amid dwindling survival options.

Woodside, Santos scrap talks on $52-B merger

Australia's Woodside Energy and Santos said they had ended talks to create a possible $52-B global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.

U.S. natural gas consumption established a new daily record in January 2024

On January 16, 2024, a record high of 141.5 Bcf of natural gas was consumed in the U.S. Lower 48 states, exceeding the previous record set on December 23, 2022, according to estimates from S&P Global Commodity Insights.

U.S. says allies 'reassured' LNG pause does not affect current exports

U.S. allies concerned about steady supplies of LNG are reassured when they understand President Joe Biden's pause on LNG export approvals does not affect currently permitted shipments.

Adani Total says Dhamra LNG terminal operating at 55% utilization rate

Adani Total Pvt Ltd's Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%.

Mitsubishi sees Russia's Sakhalin LNG as key energy source for Japan

Mitsubishi Corp CEO Katsuya Nakanishi said Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.

Tellurian explores sale of upstream business to finance Driftwood LNG

Tellurian is exploring the sale of its Haynesville upstream business as it looks to raise capital for its Driftwood LNG project.

Germany outlines $17-B plan to subsidize gas-to-hydrogen shift

Germany's government has agreed plans to subsidize gas power plants that can switch to hydrogen with a price tag of $17 B in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.

Moldova's separatist Transdniestria region says it needs more gas

Moldova's pro-Russian separatist region of Transdniestria has said it needs more Russian natural gas to operate its industry as supply and cost emerge as election issues in the former Soviet republic.

Shell agrees to develop Nigeria gas field for Dangote fertilizer

Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertilizer plant owned by Africa's richest man, Aliko Dangote.

Russia raises LNG exports by 11% y/y in January

Russia increased exports of LNG in January by 11% from the same month a year ago to 3 MMt, of which 1.77 MMt were shipped to Europe.