Projects
Venture Global LNG to Move Forward with Phase 2 of Plaquemines Export Plant
U.S. liquefied natural gas company Venture Global LNG said on Monday that it will go forward with the second phase of its Plaquemines LNG export plant in Louisiana after securing $7.8 billion of financing.
Biden Administration Approves ConocoPhillips' $7 Billion Willow Project in Alaska
The Biden administration has approved a scaled-back version of ConocoPhillips' $7 billion oil and gas drilling project in Alaska. The department reduced the size of ConocoPhillips' proposal by 40% by denying two requested drill pads that will prevent the development of 11 miles of roads, 20 miles of pipelines, and 133 acres of gravel.
Bahrain Explores Constructing LNG Export Facility
Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets, the chairman of the kingdom's energy company said.
Trans Mountain Oil Pipeline Expansion Costs Surge 44% to $22.4 Billion
The cost of the Canadian government-owned Trans Mountain oil pipeline expansion has jumped 44% from last year's estimate to $22.35 billion, the federal corporation building the project said on Friday.
YPF CEO: Green Light for Argentina's Gas Project with Petronas to Come in 2024
Argentina's state-controlled energy firm YPF and Malaysia's Petronas expect to make a final decision next year on whether to invest in the first phase of a massive $60 billion natural gas project in Argentina, the head of YPF said on Wednesday.
US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
Navigator CO2 Ventures’ proposed carbon pipeline project in the U.S. Midwest is struggling to secure a site to store millions of tons of greenhouse gas it hopes to collect from the region’s ethanol plants, as residents refuse to give up land rights over fears the underground reservoirs could leak, according to documents reviewed by Reuters.
Alaska's Qilak LNG Targets Asia with $5 Billion Project to Compete with Russia
Qilak LNG plans to invest $5 billion in a proposed LNG facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said.
Factbox: Carbon Capture and Storage Projects Across Europe
Efforts to remove carbon dioxide (CO2) emissions from industry and store them in underground storage have gained steam across Europe over the past few years as countries seek to meet their climate goals.
Mountain Valley Pipeline Gets a Key Approval to Restart Construction
The Biden administration has determined that restarting construction on the Mountain Valley Pipeline won’t significantly jeopardize rare fish and other endangered species along its path, clearing a major hurdle that was keeping developers from finishing the project.
ConocoPhillips’ Willow Oil, Gas Drilling Project in Alaska Sparks Green Opposition
Environmental and climate activists are rallying online against ConocoPhillips’ proposed Willow oil and gas drilling project in Alaska as the administration of U.S. President Joe Biden weighs whether to greenlight the controversial plan.
Europe Takes Steps Toward Developing Hydrogen Pipeline Network
German energy firm RWE and Norwegian oil and gas producer Equinor are planning the construction of new combined-cycle gas turbines (CCGTs) in Germany, blue hydrogen production facilities in Norway, and the implementation of hydrogen pipelines between the two countries.
Tellurian Says Chairman Sold Stock Ahead of Looming End of Gunvor Contract
U.S. LNG developer Tellurian Inc. said in a federal filing late Wednesday that its Executive Chairman Charif Souki sold about $1.1 million of Tellurian stock days before an LNG purchase agreement with commodity trader Gunvor Ltd was set to expire on Feb. 28.
French Court Dismisses Lawsuit Against TotalEnergies Over Uganda Pipeline Project
Under the case filed in 2019, six French and Ugandan activist groups had accused the company of not doing all it could to protect people and the environment from the Tilenga oil development and the $3.5 billion East African Crude Oil Pipeline.
Tellurian Faces New Setback as Financing Looms for $13 Billion Driftwood LNG Project
Tellurian Inc. is facing a new setback in a long-running effort to advance a $12.5 billion U.S. LNG export project. Commodities trader Gunvor Ltd. can walk away from a 10-year, about $12 billion commitment to buy LNG if Tellurian's Driftwood LNG project lacks a financial go-ahead, project financing and a full construction authorization by Feb. 28.
Venture Global Strikes 20-Year LNG Supply Deal with Excelerate Energy
U.S. LNG company Venture Global LNG has agreed to supply 0.7 million tonnes of LNG per annum to Excelerate Energy Inc. for 20 years. The LNG will be delivered to Excelerate from Venture's Plaquemines LNG facility in Plaquemines Parish, Louisiana.
East Africa Pipeline Project Kicks Up Climate Change Controversy
(P&GJ) — Construction of the 896-mile (1,443-km) cross-border East African Crude Oil Pipeline (EACOP) project continues to elicit objections, as well as strong arguments in its favor by the governments of Uganda and Tanzania. The main contentious issues are the possible adverse effects of the project might have climate change, and alleged human rights violations.
FERC’s Pipeline, LNG Project Evaluations Looking at EJ
(P&GJ) — The Federal Energy Regulatory Commission (FERC) is devoting an increasing amount of attention and staff resources to the evaluation of impacts of interstate natural gas pipeline and LNG terminal projects on environmental justice (EJ) communities (that is, communities with disproportionately large minority and low-income populations).
Trinidad to Begin Negotiations for Gas Deal with Venezuela in March
A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could supply gas to Trinidad's liquefied natural gas and petrochemical industry.
US Regulator Approves 135-Mile ET Louisiana Pipeline
The 135-mile pipeline Gulf Run pipeline, with a capacity of 1.65 Bcf/d, transports gas from the company’s other Energy Transfer pipelines that link to basins in Texas, Louisiana and Arkansas, running from Westdale to Starks, Louisiana.
Chesapeake Utilities to Develop Florida RNG Facility
(P&GJ) — FPU Renewables LLC, a subsidiary of Chesapeake Utilities Corp., will construct, own and operate a dairy manure renewable natural gas (RNG) facility, a press release announced on Feb. 21. The project represents a capital investment of $22 million, with the first injection of RNG projected to occur in 2024.
DNV Kicks Off Phase Two of Offshore Hydrogen Pipeline Project H2Pipe
(P&GJ) — Phase 2 of H2Pipe will include a feasibility-level design of offshore hydrogen pipelines and a risk assessment study to examine the safety aspects of offshore hydrogen pipelines. The project's primary outcome is expected to be a detailed guideline offering specific guidance for use in the design and re-purposing of offshore pipelines for hydrogen transport. Phase 2 of H2Pipe is planned to start in Q1 2023 and last 2 years.
Cheniere Initiates Permit Process for Key Sabine Pass Project Expansion
Cheniere Energy Inc. on Thursday initiated an expansion permit process of LNG export capacity at its key Sabine Pass plant in Louisiana after the exporter topped revenue estimate on strong demand following Russia's invasion of Ukraine.
Expanding Gas Infrastructure Presents Alternative to Permian Constraints
(P&GJ) — Oil is still serious business in the Bakken Shale, but when it comes to midstream, the money is on natural gas. As in the Permian Basin, oil production in the Williston has a high rate of associated natural gas. But the Bakken’s residual gas is rich in natural gas liquids (NGLs), and that requires infrastructure generally more akin to North Texas’ Barnett Shale than West Texas’ Permian.
Tanzania Approves Construction of New 900-Mile Crude Pipeline
(P&GJ) — The construction of a crude oil pipeline for $3.5 billion has been approved by Tanzania's government. The 1,443-km (900-mile) pipeline will carry crude from sizable oilfields being built in Lake Albert in northwest Uganda to a Tanzanian port on the Indian Ocean for distribution to global markets.
Naturgy and Enagas Plan $521 Million Green Hydrogen Project in Spain
The project, scheduled to start production in 2026, will have a capacity of around 280 megawatts and will be located in La Robla, on the site of a Naturgy's thermal power plant, which closed in 2020, the two companies said in a joint statement.
Coastal GasLink’s Year of Milestones
(P&GJ) — As 2022 drew to a close, news came that one of the more complex pipelines projects ever seen in North America, the Coastal Gaslink project, had eclipsed the 80% completion mark in British Columbia. The project, in combination with the Kitimat LNG plant, is the largest Canadian infrastructure investment since the 1950s when the St. Lawrence Seaway was constructed.
US LNG Producers Poised to Leapfrog Rivals with Three New Projects
Projects best positioned to move ahead include Sempra Energy's Port Arthur plant in Texas, Energy Transfer LP's Lake Charles in Louisiana and NextDecade Corp.'s Rio Grande in Texas. They have all or most of the long-term LNG sales agreements needed to convince bank's that the projects are ready for debt financing, according to Reuters analysts.
Report: Galp Planning to Sell 10% Stake in Mozambique Gas Project
Portugal's Galp Energia has mandated Bank of America to prepare a sale of its 10% stake in a multibillion-dollar natural gas project in Mozambique's Rovuma basin, the Negocios newspaper said on Thursday, citing an unidentified source linked to the energy sector.
Greece and Bulgaria to Consider Reviving 186-Mile Oil Pipeline Project
Bulgaria has been looking to build a 300 km (186 miles) trans-Balkan oil pipeline to secure non-Russian crude oil supplies for its only oil refinery on the Black Sea. The pipeline would offer Bulgaria alternative supply sources and a safer, faster and cheaper way to transfer the fuel, with oil tankers bypassing the now congested Bosphorus Strait.
Navigator to Submit Expanded Proposal for 1,300-Mile Carbon Pipeline Project
(P&GJ) — Navigator CO2 plans to resubmit an enhanced proposal to the Illinois Commerce Agency before the end of February, over six months after initially submitting an application to the commission for its multistate pipeline. The expanded proposal is set to include at least one new sequestration site and an additional lateral route.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
