Natural Gas

Bidders for ADNOC Gas Pipelines in Talks for $8 Billion Loan: Sources

U.S.-based Global Infrastructure Partners is heading a consortium of buyers looking for up to $8 billion in financing to invest in ADNOC natural gas pipeline assets.

Canada’s Court Rulings Brighten Path for Pipeline Expansion

Canada's efforts to add oil and gas pipeline capacity were stalemated by legal challenges over the past decade, but two important court rulings since the start of the year may break the bottleneck.

Pipeline Upgrades to Increase Natural Gas Flows into New England

Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region over the next several years, according to data from the U.S. Energy Information Administration (EIA).

LNG: Global and Domestic Challenges in 2020

Despite ongoing media coverage of protests and bans, the U.S. is actually using more natural gas than ever before. “The interesting thing is, over the last 10 years, the amount of switching we’ve seen happen from other sources of energy to natural gas for electric generation,” said Riedl. “We’re using more natural gas than ever for our electricity generation in the U.S. at present.”

Shell Greenlights $6.4 Billion Australia Natural Gas Project

Shell announced it has made a final investment decision (FID) to proceed with a $6.4 billion natural gas project in Queensland, Australia.

U.S. Natural Gas Prices Jump 5% as Output Falls

Prices for natural gas rose 5% in the U.S. on Thursday as production falls in line with cuts to crude oil output.

Pieridae Delays Nova Scotia LNG Export Plant FID Due to Pandemic

Canadian energy firm Pieridae joins the growing list of companies delaying final investment decisions on major projects this year, specifically on its Goldboro liquefied natural gas export plant in Nova Scotia.

Tallgrass Energy Shareholders Approve Blackstone-Led Buyout

Tallgrass Energy shareholders have approved a buyout deal worth over $6 billion from a group led by the Blackstone investment company, retaining the valuation offered before the market crash.

Texas Oil Hearing Stirs Debate but No Decision; Oklahoma Sets May Hearing

Texas energy regulators listened as top executives on Tuesday debated whether the state should cut oil output by 1 million barrels per day, but did not indicate how they might vote after more than 10 hours of sometimes dire testimony.

FERC Issues Favorable Environmental Assessment for Double E Pipeline

Summit Midstream and Exxon Mobil's Double E pipeline carrying natural gas from the Permian Basin to the Waha Hub in Texas has received a favorable environmental review from U.S. regulators.

Slivers of Hope Shine Through Dire Industry Period

As much of the industry focuses on worst-case scenarios, some analysts view recent crude oil forecasts as overly pessimistic and predict the pandemic may have only a short-term impact on global natural gas markets.

Germany's Gas Imports Dropped 15% in January, Cost 40% less

Germany imported 15.1% less natural gas in January than a year earlier, while its import bill dropped by 40% due to lower prices, official data showed on Thursday.

U.S. LNG Cargoes Heading to China After Beijing Awards Tax Waivers

For the first time in over a year, cargoes of U.S. LNG are heading to China after the government began awarding tax waivers to some importers.

U.S. Will Become Net Importer of Petroleum Products by End of 2020 — EIA

The U.S. EIA predicts the country will become a net importer of oil and gas products by the third quarter of 2020.

Sonatrach Fills Algerian GR7 Gas Pipeline

Algerian oil and gas company SONATRACH has successfully filled its GR7 gas pipeline.

INEOS to Postpone Forties Pipeline System Shutdown

UK pipeline operator INEOS is delaying the planned shutdown of it's Forties Pipeline System.

North Dakota Regulators Approve ONEOK Pipeline

State regulators in North Dakota have approved a proposed pipeline expansion project from ONEOK.

Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge

Black Bear Transmission has acquired Enbridge's Ozark gas transmission businesses.

Cheniere Applies to Begin Service on Midship Pipeline

Cheniere has applied to the U.S. FERC to begin service on its Midship natural gas pipeline.

AGA Chair Diane Leopold Brings Positive Outlook to Challenging Period for Industry

Diane Leopold became chair of the American Gas Association just in time for an unprecedented economic shutdown in response to the coronavirus pandemic. The executive vice president and co-chief operating officer of Dominion Energy, talked to P&GJ about the challenges and opportunities facing the natural gas industry.

Poland's PGNiG Wins $1.5 Billion in Court Battle with Gazprom

Polish gas distributor PGNiG has won a $1.5 billion settlement with Russia's Gazprom.

U.S. LNG Storage to Hit Record as Pandemic Cuts Demand, Exports

Stockpiles of natural gas in the U.S. are expected to reach record levels this year as producers continue to flood the market with supply as demand plunges in the wake of the coronavirus pandemic.

Gazprom Workers Leave Hospital After Negative Coronavirus Tests

Twenty Gazprom workers, who were airlifted to a hospital following a coronavirus scare last week, have been discharged after the tests came back negative, a Gazprom spokesman said on Monday.

PetroChina to Seek Price Talks with Gas Suppliers as Coronavirus Hits Demand

PetroChina is looking to renegotiate gas prices with several global suppliers, as well as a transfer of pipeline assets, amid plunging gas demand due to the coronavirus pandemic.

China to Resume U.S. LPG Imports as Beijing Waives Trade-War Tariff — Sources

China has once again begun buying U.S. LPG as the government waived tariffs as part of the U.S.-China trade deal.

UAE's SNOC Gas Project Startup Delayed

UAE's SNOC has announced that it's Mahani gas project startup is being delayed by 2 months due to the coronavirus pandemic.

Pipeline Shares Sink on Oil Decline, Coronavirus Impact

It’s a common refrain among investors that “a rising tide lifts all boats,” meaning the share prices of similar companies tend to act in unison. Unfortunately, that’s equally true of falling tides, as demonstrated by the performance of North American midstream equities in recent weeks.

Greece Receives 9 Bids for Stake in Gas Supplier

Greece has received nine non-binding bids for the sale of a 65% stake in DEPA, its dominant gas supplier.

BlackRock Withdraws Bid for ADNOC Gas Pipeline Assets — Sources

Sources report that investment firm BlackRock has dropped out of the bidding for ADNOC's gas pipeline assets.

Italy's Snam Takes Steps to Guarantee Gas Flows During Coronavirus Outbreak

Italian gas grid operator Snam has put in place emergency measures to ensure it can keep gas flowing during the coronavirus outbreak.