Natural Gas

Energy Transfer Hikes Full Year Profit Forecast on Natural Gas Demand

Energy Transfer LP's raised its full profit forecast for the third time this year, helped by an acquisition as well as strong production and demand for natural gas that it moves on its pipelines.

MPLX Reports Higher Pipeline Throughput for Q3 2022

MPLX LP's total pipeline throughputs for the third quarter 2022 were 5% higher than the same time last year, while the company increased its quarterly cash distribution by 10%, it said in an earnings statement on Tuesday.

Enterprise’s Pipelines Transport Record Volumes of Products for Q3 2022

Enterprise's pipelines moved 11.3 million barrels per day equivalent of the products, while the company's natural gas pipelines transported a record 17.5 trillion British thermal units per day, the company said.

Higher LNG Exports May Turbocharge US Energy Transition

Sales of U.S. "freedom gas" are on track to smash volume and earnings records in 2022, but the stellar short-term gains for exporters may have long-term consequences for the entire U.S. energy sector due to the resulting higher natural gas prices.

Israel, Lebanon Set Maritime Boundaries on Path to Offshore Production

Lebanon and Israel have finalized a U.S.-brokered deal that sets maritime boundaries for the first time, clearing a path for more offshore gas production and infrastructure development in the Eastern Mediterranean.

Denmark's Orsted Signs Deal for Norwegian Gas via Baltic Pipe

Orsted AS has signed a supply deal for Norwegian gas from Equinor to be delivered via the newly constructed Baltic Pipe, cushioning the impact of Russian gas cuts on Danish energy markets.

Europe's Natural Gas Demand Falls on Industrial Cutbacks

Europe slashed its natural gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were unevenly spread between countries.

Serbia's New Government Makes Energy Infrastructure Top Priority

The Serbian parliament appointed a new government on Wednesday whose main priorities are EU membership and investment in oil and gas pipelines and other energy infrastructure.

Factbox: Why European Gas Prices Have Been Falling

Despite dwindling Russian gas pipeline supplies, Dutch front-month gas, the European benchmark, has fallen 67% since hitting an all-time high in August to around 100 euros per megawatt hour and is at the lowest level since mid-June.

EU Energy Chief Says Gas Price Cap Possible This Winter

The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc's energy chief said on Wednesday.

U.S. Gas Production Hits Record High, Storage Still Trails

U.S. natural gas production reached a record high in September, but gas inventories remained below average despite 20% higher stock builds during the month, according to government reports.

Indonesia Expects New Gas Supply Deal with Singapore

Indonesia expects to sign a new long-term contract next week to supply Singapore with piped natural gas via the Grissik-Batam-Singapore Pipeline, its energy minister said.

Serbia Plans Nearly $12 Billion in Pipeline, Energy Projects

Serbia's new government plans to invest 12 billion euros ($11.83 billion) in energy projects, including oil and gas pipelines and increased power production capacity, prime minister designate Ana Brnabic told parliament on Tuesday.

U.S. Natgas Gains 5% on Technical Move, LNG Export Forecast

U.S. natural gas futures jumped about 5% after sliding to a fresh seven-month low earlier in the session on a technical rebound and expectations demand would rise as LNG exports increase once export plants exit maintenance outages in coming weeks.

China's Oil Imports Fall as Pipeline Gas, LNG Rebound

China's crude oil imports in September were 2% below their level a year earlier as independent refiners curbed throughput amid thin margins and lackluster demand, but natural gas imports bounced back.

How Germany is Replacing Russian Gas

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia since its invasion of Ukraine.

Analysis-Pipeline Blasts Leave Nord Stream in Insurance Limbo

With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1's insurers and reinsurers are grappling with how to respond to hundreds of millions of dollars in potential claims.

US Natural Gas Hits 7-Month Low, Set for Ninth Weekly Loss

U.S. natural gas futures dropped 7% on Friday to a seven-month low after falling for nine weeks in a row in a move that could help cut U.S. consumer heating costs this winter.

US FERC Says Winter Natural Gas Prices Will Be Up from Recent Years

Natural gas prices at major U.S. trading hubs for the upcoming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission said on Thursday.

Gulf Coast Midstream Launches Open Season for Natural Gas Storage Services at Freeport Hub

(P&GJ) — The Freeport Energy Storage & Sequestration Hub is strategically located for providing high deliverability, multiple inventory cycle gas storage services to the Texas Gulf Coast intrastate market, with potential connectivity to as many as 11 intrastate pipeline segments.

QatarEnergy Expanding in LNG, Won't Divert Supplies to Europe

QatarEnergy is working to expand its gas production and trading operations as global demand surges and will not divert LNG contracted with Asian buyers to Europe this winter, CEO Saad al-Kaabi said on Tuesday.

US Natural Gas Pipeline Exports to Mexico Reach Record High

(P&GJ) — Natural gas pipeline exports from West Texas to Mexico averaged 1.6 Bcf/d (45 MMcm/d) during May 2022 – the most pipeline exports from West Texas on record, U.S. Energy Information Administration (EIA) data showed.

Germany Receives First Gas Deliveries Directly from France

Germany on Thursday received the first direct gas deliveries from France through a pipeline link under a deal aimed at helping both countries cope with current energy supply problems, the French grid operator GRTgaz said.

Putin Moots Major Gas Hub in Turkey with Nord Stream Supplies

President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.

Gazprom Resumes Gas Exports to Italy Via Austria

Gazprom said the company and its Italian customers had found a solution following regulatory changes in Austria which halted flows entering Italy via a pipeline passing through Tarvisio in the northeast of the country.

EverGen Infrastructure Nears Completion of GrowTEC RNG Expansion Project

(P&GJ) — The project is finalizing construction of the injection infrastructure for tie-in into the local pipeline network and is anticipated to be ready to commission in the next month. It is expected to produce 80,000 gigajoules of RNG annually.

New Norway Pipeline to Poland Temporarily Tapping Gas from Germany

The new Baltic Pipe from Norway to Poland, which opened on Saturday, is not yet sending gas from Norway but from Germany instead, Norwegian system operator Gassco said on Tuesday.

Trafigura Exec: Europe May Avoid Gas Disaster This Winter, Next Could Be Worse

Europe may avoid a gas disaster this winter, thanks to signs of demand reduction and solid inventories, but next winter could be worse as the balance of gas will be much less, a top executive at energy trader Trafigura said on Tuesday.

Analyst: Argentina's Shale Output to Stall Amid Bottlenecks

The Vaca Muerta shale region in the Neuquen province needs more drilling rigs, hydraulic fracturing fleets and natural gas pipelines transport to continue growing, said Alexandre Ramos, Rystad Energy's vice president of shale research.

TotalEnergies to Move Forward with Natural Gas Contracts with Russia

TotalEnergies will stick to existing natural gas contracts in Russia as long as gas is not specifically targeted by European sanctions, the company's CEO said on Wednesday, reiterating a previously stated position.