Business & Markets

India Looks to Store Cheap Oil in United States — Oil Minister

India's oil minister said the country is exploring the possibility of storing some of the excess oil it purchased from the U.S. in American storage facilities.

U.S. LNG Exports Drop More Than a Third as Pandemic Shrinks Demand

According to data from multiple gas trading houses, LNG exports from the U.S. have fallen by more than a third since the early part of this year.

Negative Gas Pricing Possible in Europe as Demand Slumps

Gas markets across Europe are facing the possibility of negative pricing on futures contacts barely a month after prices for crude oil in the U.S. dropped below zero.

Sempra Energy Delays Port Arthur LNG Project Decision to 2021

Citing market concerns caused by the coronavirus pandemic, Sempra LNG, a subsidiary of Sempra Energy, announced it has delayed an investment decision regarding its Port Arthur LNG project until 2021.

Russian Gas Transit via Poland Has Nearly Stopped: Ifx

Flows of natural gas from Russia across Poland on the Yamal pipeline have almost completely stopped barely a week after a transit deal between the two countries expired.

TC Energy Completes Sale of Coastal GasLink Stake

TC Energy has completed the sale of a 65% stake in its Coastal GasLink pipeline.

U.S. Oil Output from Major Shale to Reach Nearly Two-Year Low in June — EIA

New data from the U.S. Energy Information Administration expects oil output from seven major shale operations in the U.S. to fall by nearly 200,000 bpd in June.

Cameron LNG Begins Production Train 3 at LNG Facility

Cameron LNG, owned by Sempra LNG, has begun producing LNG from the third and final liquefaction train of its Phase 1 liquefaction-export project in Hackberry, Louisiana.

Alaska LNG Project Receives FERC Authorization, but Doubts Loom

Alaska's proposed multi-billion-dollar LNG project has received FERC authorization, but the project still has a long way to go.

Kinder Morgan Restarts Units at Elba LNG Facility After Fire

Kinder Morgan has begun restarting two of its three trains damaged in a fire at its Elba Island LNG facility in Georgia.

Ukraine's Odessa Receives First WTI Oil Cargo from U.S. — Sources

Ukraine's Odessa import facility received its first West Texas Intermediate oil cargo from the U.S. this week after futures prices turned negative last month.

Dominion to Keep Exporting LNG from Maryland Cove Point During June Maintenance

Maintenance scheduled to be performed on a section of Dominion Energy's Cove Point LNG facility in June should not affect exports from the facility the company said on its website.

EU Court Throws out Challenge from Nord Stream 2

The second-highest court in Europe has dismissed a challenge by the owners of the Nord Stream pipelines against Europen Union gas rules, leaving it up to individual countries to enforce them.

Colombian Government Considers Intervention in Oil Pipeline Tariffs

The Columbian governments is re-examining how tariffs on oil pipelines in the country are calculated as many producers have been hit hard by falling oil prices due to the coronavirus pandemic.

Petronas, China LNG Deal Calls for Distribution via ‘Virtual Pipelines’

Petronas and China's Clean Tiger Energy have agreed to an LNG supply deal with a provision that the Chinese company distributes the fuel to remote locations using ISO tanks.

Gazprom Reduced Gas Supplies to Germany, Turkey in March — Interfax

Data released from the Interfax news agency reported that Russia's Gazprom reduced its supplies of LNG in March to Germany and Turkey, two of its key partners.

EQT Cuts U.S. Gas Production as Coronavirus Depresses Prices

The largest natural gas producer in the U.S., EQT Corporation, said it has begun to reduce output from its operations in the Marcellus and Utica shale formations.

Oryx Launches Binding Open Season on Proposed Expansion of Delaware System

Oryx Midstream has launched a binding open season to gauge interest on a proposed expansion of its Delaware oil pipeline system.

Russia's Transneft, Rosneft Disagree Over Oil Transport Costs

Two of Russia's largest energy companies have failed to reach an agreement on restructuring oil transportation costs amidst the global collapse in oil prices due the coronavirus pandemic.

Phillips 66 to Raise Rates for Gray Oak Crude Pipeline

Phillips 66 is proposing to raise its tariff rates on its Gray Oak, Permian Basin pipeline.

Poland Expects Russia to Continue Gas Transit to Europe

Polish authorities expect that Russia's Gazprom will continue to transport gas through their country into Europe even after a transit deal between the two countries expired earlier this week.

NextDecade Delays Rio Grande LNG Final Investment Decision to 2021

Barely more than a week after NextDecade announced it would make a Final Investment Decision on its Rio Grande LNG project in 2020, the company announced it has pushed the decision back to 2021.

Williams Discontinues New York Pipeline Project After Key Permit Denial

Energy regulators in New York have once again denied a key water permit for Williams controversial Northeast Supply Enhancement Project causing the company to indefinitely suspend the project.

Keeping Abreast of Alaska’s LNG Aspirations

As a longtime observer of the Alaska energy scene, Larry Persily has the rare perspective of someone who has viewed his subject matter as a journalist, educator and as public policy worker at the federal, state and municipal levels, including federal coordinator for the Alaska Natural Gas Transportation Projects, 2010-2015.

Poland, Russia to Cut Decades-Old Gas Transit Ties

Poland will not be renewing its gas transit deal with Russia's Gazprom once their current deal expires later this month.

Germany Denies EU Waiver for Nord Stream 2 Pipeline

Operators of the Nord Stream 2 pipeline were denied a waiver of EU regulations for the pipeline on Friday by German energy regulators.

Pandemic Impact on Global Gas Markets May Be Short-Lived

As crude oil demand and storage availability hit bottom, there are signs of hope for natural gas.

Gazprom Natural Gas Exports Slump 19% in Q1 — Source

Citing weak demand, a source told Reuters that natural gas exports on Gazprom pipelines fell by nearly 20% in the first quarter.

More Pipelines Are Needed for India to Increase LNG Imports — EIA Report

Recent data released by the U.S. Energy Information Administration shows that in order to continue to increase its LNG imports, India needs to build more gas pipelines.

APA Group Receives Funding to Test Methane in Australia’s Gas Pipelines

Australian pipeline operator APA Group has received over $1 million for its renewable methane pilot project to test the viability of the gas as a replacement for LNG.