Natural Gas

Brazil Hopes to Attract Natural Gas Investors with New Law

Under the bill, companies interested in building gas pipelines will need a simple authorization rather than a more complex concession contract.

Perspective: U.S. Gas Stocks and Prices Normalize After Cold Snap

U.S. gas prices have fallen to levels that prevailed before severe winter weather hit Texas in mid-February, confirming the big freeze is not expected to create a lasting shortfall later in the year.

Analysis: Germany Bets U.S. Will Make the Best of 'Bad Deal' Nord Stream Gas Link

Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition.

Thai Energy Firm PTTEP Expanding Midstream Investments

Thai oil and gas giant PTT Exploration and Production Pcl on Tuesday said it plans to expand midstream investments to have new businesses account for 20% of its profits by 2030, with a focus on gas-to-power.

Natural Gas Pipeline Projects Increase U.S. Transportation Capacity

From November 2020 through January 2021, approximately 4.4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service, EIA reported.

Perspective: China’s Gas Conundrum – Cleaner Air but Growing Security Risk

China has made significant progress building a gas distribution network to supply residents in major urban centers, helping provide cleaner and more convenient energy for heating and cooking while reducing air pollution.

Brookfield Stays Committed to Hostile Inter Pipeline Takeover

Brookfield Infrastructure Partners said it is committed to its C$7.1 billion ($5.65 billion) hostile takeover offer for Inter Pipeline Ltd despite the pipeline company's board turning down the bid.

EnerMech Secures Five-Year Deal with Chevron Australia

Chevron Australia awarded global integrated solutions specialist EnerMech a five-year contract to provide a range of integrated services to its Western Australian oil and gas facilities.

FERC Chairman Details Position on Natural Gas Pipelines

FERC Chairman Richard Glick does not want his intentions to review natural gas pipelines more thoroughly to be interpreted as him being opposed to gas pipelines altogether, he said.

Cash Infusion Provides Push for New Central European Gas Pipe

European Bank for Reconstruction and Development (EBRD) acquired a 25% stake from Transgaz, the parent company of Vestmoldtransgaz, for $24.2 million (€20 million).

Canada’s Inter Pipeline Urges Shareholders to Reject Brookfield's Hostile Bid

Inter Pipeline Ltd asked shareholders to reject Brookfield Infrastructure Partners' hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company.

Black Bear Transmission Sells Alabama Gas Gathering Assets

The asset sale consists of more than 240 miles of natural gas pipelines, 26 active metered locations, and 1 active compressor station.

Chevron to Buy Out Noble Midstream in All-Stock $1.32 Billion Deal

Chevron Corp will buy the shares of Noble Midstream Partners LP it does not already own in an all-stock deal that values the pipeline operator at $1.32 billion, a month after making a slightly smaller offer.

Gas Storage Ups and Downs

Coming off a year that was anything but typical, it’s no surprise that gas storage – a key indicator of natural gas prices and an important market in the U.S. energy picture – has been impacted by the pandemic, but even more so, by demand growth, cancellation of major pipeline projects and the push for electrification and green energy.

CERAWEEK: Pipelines Needed for U.S. Natural Gas Export Demand Growth

Moving natural gas from the states where it is produced to places where it can be consumed or exported will become increasingly challenging, requiring infrastructure including pipelines.

Argentina's Vaca Muerta Growth Depends on LNG to Asia

Argentina needs to plan and build more liquefied natural gas (LNG) capacity to accelerate the development of its largest shale play, Vaca Muerta, the CEO of Pan American Energy said.

U.S. Natural Gas Production Decreased by 1% in 2020

U.S. natural gas production — as measured by gross withdrawals — averaged 111.2 billion cubic feet per day (Bcf/d) in 2020, down 0.9 billion Bcf/d from 2019.

CERAWEEK: Natural Gas Can Help Solve Climate Change, Industry Reminds Policymakers

The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference.

Australia’s Western Gas, APA Group Studying Potential Gas Pipeline

Western Gas and APA Group are undertaking a development and marketing study to deliver Equus gas to Australian customers and markets via a potential 130-mile (210 km) offshore pipeline and a transcontinental pipeline, the companies announced.

Europe's Unusually Low Gas Stocks Set to Underpin Prices

European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.

Nigeria's Seplat Cutting Costs, Keeping Acquisitions on the Radar

Nigerian oil and gas company Seplat aims to cut costs and is looking out for acquisitions even after the crash in crude prices eroded its 2020 revenue.

Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage

Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the EIA's Weekly Natural Gas Storage Report.

Qatar Pledges $60 million to Pipeline from Israel to Gaza

Qatar coming on board publicly gives another boost to the project, which has a 2023 target date for completion.

Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets

Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.

U.S. Trade Groups Urge Biden to Cap Natural Gas Prices After Texas Freeze

Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week's extreme weather and authorize the secretary of energy to cap the price of gas.

Traders Supply Mexico With Emergency LNG After Power Crisis

Mexico's state-run power company resorted to LNG imports as natural gas supplies from the southern United States, especially neighboring Texas, were hit by frozen pipelines and rocketing prices caused by a cold snap.

Kinder Morgan and Brookfield Sell Minority Interest in Natural Gas Pipeline Company of America

Kinder Morgan and Brookfield Infrastructure Partners agreed to sell a 25% minority interest in Natural Gas Pipeline Company of America to a fund controlled by ArcLight Capital Partners for $830 million.

Texas Oil Refiners Will Take Weeks to Recover, Boosting U.S. Gas Prices

Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Friday, helping to push up fuel prices.

As Power Returns, Texas Energy Firms Slowly Emerge from Deep Freeze

Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.

Ford Shuts North American Plants due to Weather, Gas Supply Interruption

Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants, with Ford saying several of its assembly plants have been shut.