natural gas

Germany's Sefe, Norway's Equinor strike $55-B gas supply deal

German energy firm Sefe secured a $55-B gas deal with Norway's Equinor that will cover one-third of the industrial gas needs of Europe's largest economy.

Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 B

A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 B to expand its overseas business.

QatarEnergy CEO says new LNG supply deals 'imminent'

QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several "imminent".

Vietnam awards license to Tokyo Gas, partners to build $2-B LNG power plant

Vietnam awarded an investment license to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a $1.99-B LNG-fired power plant in its northern province of Thai Binh.

Elon Musk says oil and gas should not be demonized

Oil and gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, but he also said it was important to reduce carbon emissions to preserve the planet.

Germany's SEFE seeks US approval for Venture Global's CP2 LNG project

The German state-owned Securing Energy for Europe GmbH has become the third company to seek approval from the U.S. energy regulator for LNG developer Venture Global to begin construction on its CP2 LNG project in Louisiana.

U.S. natural gas prices climb 4% to one-week high with rising demand

U.S. natural gas futures climbed about 4% to a one-week high on forecasts for higher demand next week than previously expected and as record amounts of gas flow to LNG export plants.

Record warmth leaves world with too much gas

The northern hemisphere experienced its warmest October and November in records dating back to the 1880s – pushing the gas market into a large surplus and triggering a slump in prices.

U.S. awards up to $890 MM to carbon capture projects at gas, coal plants

Natural gas and coal plants in Texas, California and North Dakota will share up to $890 MM in U.S. funding for projects to demonstrate the viability of carbon capture technologies.

Brazil's Ambar Energia to acquire Copel's majority stake in gas-fired power plant

Brazilian energy firm Ambar Energia is set to buy electric utility Copel's 81.2% stake in natural gas-fired power plant UTE Araucaria for $65.24 MM.

Differing LNG outlook stalls Shell talks on gas project with Venezuela

A disagreement between Shell PLC and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field.

Woodside, Santos proposed $52-B tie-up unlikely to be sealed until at least Feb

Australia's Woodside Energy and rival Santos are unlikely to announce any agreement on a proposed $52-B tie-up to create a global oil and gas giant until at least February.

Equinor buys Shell's stake in the Linnorm gas discovery

Norway's Equinor said it has agreed to buy Shell's stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.

Latvia utility buys LNG from Equinor

Latvian state-owned utility Latvenergo said it had agreed to purchase six cargoes of LNG from Equinor for delivery via Lithuania's Klaipeda terminal.

Freeport LNG's Texas (U.S.) facility faces problems with upstream gas feed

Freeport LNG's pretreatment facility in Texas (U.S.), immediately reduced production rates due to issues with the upstream gas feed to the facility.

U.S. natural gas prices up 1% on higher demand, record LNG feedgas

U.S. natural gas futures edged up about 1% from a six-month low in the prior session on raised demand forecasts for this week, and as record amounts of gas flowed to LNG export plants.

Pembina Pipeline to buy Enbridge's JV interests for $2.30 B

Pembina Pipeline said it would buy Enbridge's interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $2.30 B.

Germany's Stade LNG project expects floating terminal in February

Germany's emerging LNG terminal in the Elbe river port of Stade expects its floating regasification vessel to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids.

Environmental groups ask lenders to avoid LNG project in Papua New Guinea

Major global lenders should refuse to finance a LNG project in Papua New Guinea to help keep global warming in check, civil society groups said, as some owners tap banks ahead of a final greenlight next year.

U.S. natural gas prices fall 3% to near 6-month low on milder forecasts

U.S. natural gas futures fell about 3% to a fresh near six-month low on record output and forecasts for milder weather and lower heating demand than previously expected that should allow utilities to leave more gas in storage than usual through late December.

Moscow says EU will not succeed in curbing Russian gas imports

The European Union's plans to give its member states the power to halt gas imports from Russia will not succeed and won't hurt the Russian economy.

New Renewable Fuel Standard volume targets facilitate renewable natural gas production

The U.S. Environmental Protection Agency announced a final rule that established biofuel volume requirements and standards for cellulosic biofuel for 2023–25 as part of the Renewable Fuel Standard program.

Two Japan energy companies seek U.S. approvals for Venture Global's CP2 LNG

Two Japanese energy companies, oil and gas producer Inpex Corp and power utility JERA, urged a U.S. energy regulator to give prompt approvals for Venture Global to begin construction on its CP2 LNG project in Louisiana.

Serbia launches interconnector to gas pipeline in Bulgaria

Serbia completed the interconnector to a pipeline in Bulgaria which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.

Venezuela prods bp, Chevron to revive gas project near Trinidad, Guyana

Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana.

Continental U.S. kicks off winter with most natural gas in storage since 2020

The continental United States entered the winter heating season with the most natural gas in storage since 2020, according to the U.S. Energy Information Administration.

U.S. natgas slides to 3-month low on mild weather, Golden Pass LNG delay

U.S. natural gas futures slid about 2% to a three-month low on forecasts for milder weather and lower heating demand as investors worried LNG exports would not grow much in 2024.

Shell sees $6 B in oil and gas investments in Nigeria

Shell sees a $5-B offshore oil investment opportunity in Nigeria and pledged to spend a further $1 B in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said, citing Shell's director of upstream operations.

Asia-Europe LNG spread at widest level in almost two years

The Asia-Europe LNG spread has hit its widest level in about two years, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.

Moldovan natgas chief offers to take over Ukraine transit of Russian gas

The head of Moldova's national gas company proposed that it take over the transport of Russian giant Gazprom's supplies through Ukraine if Kyiv decides against renewing a transit contract that runs out next year.