Regions

U.S. natgas prices slide 3% on rising output, oversupply in storage

U.S. natural gas futures slid about 3% on Tuesday on rising output and an ongoing oversupply of gas in storage.

EIA: Less natural gas consumption in Europe is keeping storage full

Consumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural gas consumption.

Chart Industries’ IPSMR® process technology delivers first LNG at New Fortress Energy’s Fast LNG project

Chart Industries Inc., a leading global solutions provider to clean energy and industrial gas markets, has announced that its Integrated Pre-Cooled Single Mixed Refrigerant (IPSMR®) process technology has delivered first liquefied natural gas (LNG) at New Fortress Energy Inc.’s initial Fast LNG (FLNG) asset located offshore Altamira, Mexico.

Update: Freeport LNG in Texas resumes exports as gas processing ramps up

U.S. / LNG

The second largest liquefied natural gas (LNG) exporter in the U.S., Freeport LNG, has resumed shipments after shutting operations ahead of Hurricane Beryl, with processing on track to reach about half its capacity on Monday.

South Korea's KOMIPO cancels plans for LNG import terminal

South Korea's Korea Midland Power Co. (KOMIPO) has cancelled plans to build a liquefied natural gas (LNG) import terminal on the western coast of the country due to high costs and declining demand for the fuel.

Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion

Australia's Woodside Energy said it had agreed to buy U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 B including debt.

Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion (1)

7/22/2024

Australia's Woodside Energy said it had agreed to buy U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 B including debt.

Power Knot LLC receives continued orders from ExxonMobil PNG for food waste digester consumables, spare parts

Power Knot LLC, a market leader for onsite organic waste management solutions, has received additional orders for food waste digester consumables and spare parts from ExxonMobil PNG.

Texas tanker bottleneck grows on slow Freeport LNG restart after Beryl

The number of liquefied natural gas (LNG) tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Hurricane Beryl’s landfall last week.

Azerbaijan says it will raise gas exports to Europe to 13 Bm3 in 2024

Azerbaijani President Ilham Aliyev said the country will raise natural gas exports to Europe this year to 13 Bm3 as it moves towards a target to help the European Union (EU) replace Russian energy imports.

Global LNG: Asia spot prices supported by Freeport LNG outage, summer demand

Asian spot liquefied natural gas (LNG) prices held steady this week on the back of support from an outage at U.S. Freeport LNG which saw some cargo cancellations, and as summer weather boosted demand.

U.S. DOE, ARCHES sign $12.6-B hydrogen hub project in California (U.S.)

The U.S. Department of Energy and ARCHES announced the official signing of a landmark $12.6-B agreement to build a clean, renewable hydrogen hub in California (U.S.).

Sempra, Bechtel agree on EPC contract for Port Arthur LNG Phase 2 project in Texas (U.S.)

Sempra Infrastructure announced that Port Arthur LNG Phase 2 and Bechtel Energy have signed a fixed-price engineering, procurement and construction contract for the Port Arthur LNG Phase 2 project under development in Port Arthur, Texas.

Venice Energy welcomes underground gas storage expansion project in South Australia

The gas storage expansion project means that Venice Energy's terminal will be able to cover any forecast gas shortfalls in both Victoria and South Australia.

Gevo provides renewable natural gas production update

Gevo Inc. has announced that its renewable natural gas (RNG) business recently achieved record production levels.

Chesapeake Utilities receives approval for new infrastructure to support three Florida RNG projects

Chesapeake Utilities Corp.’s subsidiary, Peninsula Pipeline Company (PPC), has received approval from the Florida Public Service Commission for three projects that expand natural gas infrastructure to benefit customers of Florida City Gas (FCG), also a subsidiary of Chesapeake Utilities.

Natural gas arrivals will help Egypt halt summer load-shedding power cuts

Egypt will halt load-shedding power cuts during the summer as of Sunday, after some natural gas shipments arrived, in a bid to end a crisis that has inconvenienced a population of 106 MM.

Update: U.S. LNG natgas feedgas on track to fall to 12-wk low

The amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants was on track to drop to a 12-wk low on Wednesday due to reductions at several plants, including Freeport LNG in Texas.

Iran to receive 300 MMm3d of Russian gas

Iran will receive 300 MMm3d (millions of cubic meters per day) of Russian gas. Russian energy giant Gazprom signed a memorandum in June with the National Iranian Gas Company to supply Russian pipeline gas to Iran.

Air Products to build, own and operate two new ASUs at its Georgia, North Carolina facilities

Air Products, a world-leading industrial gases company, has announced two projects to enhance the sustainability, productivity and operational flexibility of its base industrial gas business, as well as continuing commitment to the merchant industrial gas market.

Tribunal rejects TC Energy's $15-B claim for Keystone XL

Canada's TC Energy said on Tuesday a free trade arbitration tribunal had tossed out its claim to recover more than $15 B from the U.S. government for the cancellation of its Keystone XL project.

FERC ordered to review Louisiana (U.S.) LNG project's emissions impact

A U.S. court has ordered federal regulators to reassess the impact of greenhouse gas (GHG) emissions from Commonwealth LNG's Louisiana liquefied natural gas (LNG) project, potentially slowing full approvals for the venture.

Bolivia govt. announces natural gas "mega field" in biggest discovery since 2005

Bolivian President Luis Arce has announced the discovery of a 1.7-Tft3 natural gas reserve located north of the country's administrative capital, La Paz.

Russian pipeline gas exports to EU up 24% y/y in January–June

Russian natural gas exports via pipelines to the European Union countries have jumped by 24% in the first half of the year from the same period in 2023.

Russia's Arctic LNG 2 gas output slashed in May

Russia's sanctions-hit Arctic LNG 2 project, which started production in December but has yet to begin exports, slashed its natural gas output in May.

Freeport LNG in Texas to restart one train this week after Hurricane Beryl

Freeport LNG plans to restart one of three LNG trains this week at its Texas facility after the company repairs some damage from Hurricane Beryl. The plant, in Freeport, Texas, south of Houston, halted operations on July 7 before Hurricane Beryl hit the coast, causing widespread power outages and wind damage.

Mexico–U.S. energy trade value fell in 2023 on lower fuel prices

The value of all energy trade between the U.S. and Mexico decreased almost 15% from $77.8 B in 2022 to $66.5 B in 2023, adjusted for inflation.

WhiteWater's ADCC Pipeline in South Texas begins transporting natural gas

The ADCC Pipeline entered commercial service on July 1, 2024, and is capable of providing approximately 1.7 B ft3d of natural gas transportation capacity to the Cheniere Corpus Christi Liquefaction facility from markets on Whistler Pipeline's Agua Dulce Header in South Texas.

Europe gas: Prices edge lower on strong wind power output

Dutch and British gas prices edged lower on Monday morning as expectations of strong output from wind farms curbed gas demand from gas-fired power plants.

Singapore's 1H 2024 bunker sales rise on year but June sees a monthly decline

Sales of marine bunker fuel at Singapore climbed 8.5% in 1H 2024, official data showed on Monday, as shipping disruptions in the Red Sea boosted global bunkering demand, though demand slowed month-on-month in June.