Processing/LNG
U.S. Natural Gas Prices Surge 7% to Two-Week High on Colder Weather, Rising LNG Exports
U.S. natural gas futures jumped about 7% on Wednesday to a two-week high on forecasts for colder weather and higher heating demand and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants.
Chevron Expands Pasadena Refinery to Boost Light Crude Processing Capacity by 15%
Chevron U.S.A. Inc. has completed a retrofit of its Pasadena, Texas refinery, increasing its processing capacity by nearly 15%, bringing it to 125,000 barrels per day. The upgrade enhances the facility's flexibility in refining lighter crudes and aligns with Chevron’s strategy to bolster its Gulf Coast refining system.
Analysis: Japan Eyes Exit from Russian Gas Amid Sakhalin Decline, Rising LNG Rivals
As Japan's long-term contracts to secure liquefied natural gas (LNG) from Russia's Sakhalin-2 project near expiration, rival producers see opportunity to fill the supply gap, even as Tokyo looks to switch to cleaner energy, industry insiders say.
Russia's Yamal LNG Deploys Axios II Tanker for Trans-shipments in Barents Sea
Russia's Novatek-owned Yamal LNG plant has deployed the LNG tanker Axios II for ship-to-ship operations in the Barents Sea, LSEG data shows.
DOE Holds Up Louisiana LNG Approvals Pending FERC Reviews
The U.S. Department of Energy said on Tuesday it is not able to complete reviews of two liquefied natural gas projects in Louisiana until an independent regulatory body finishes its environmental assessments.
ADNOC, Petronas Sign 15-Year Agreement for Ruwais LNG Project
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais LNG project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG.
Trump’s Pledge to Lift LNG Exports Cap Not a Concern, Qatar Energy Minister Says
(Reuters) – Qatar has no concerns about U.S. President-elect Donald Trump's promise to lift a cap on liquefied natural gas (LNG) exports, Qatar's Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition.
Biden Administration to Release LNG Study by Mid-December
The U.S. plans to issue a study on the environmental and economic effects of liquefied natural gas exports by the middle of this month, a Department of Energy official said on Wednesday.
Matador to Sell Pronto Midstream Stake for $600 Million to San Mateo JV
Matador Resources has agreed to sell its wholly-owned subsidiary, Pronto Midstream, to San Mateo Midstream, a joint venture where Matador holds a 51% stake.
Venture Global Challenges FERC's Call for Additional LNG Environmental Review
Venture Global LNG on Wednesday slammed a U.S. call for an additional environmental review of a proposed Louisiana LNG project as unnecessary, adding that it will be ready to begin construction once the project gets a final go-ahead.
Woodside Partners with Bechtel for Louisiana LNG Project Development
Australia's Woodside Energy Group said on Thursday it has signed an engineering, procurement and construction contract with U.S. engineering firm Bechtel to develop the Louisiana LNG project.
Sembcorp Secures 10-Year LNG Deal with Chevron's Singapore Unit
Sembcorp Industries on Thursday said its unit, Sembcorp Fuels signed a deal with Chevron USA's Singapore unit to import up to 0.6 million tonnes of liquefied natural gas (LNG) annually starting in 2028.
Pakistan Defers LNG Contract with Qatar to 2026, Citing Surplus
Pakistan has deferred its LNG agreement with Qatar by a year, now expecting deliveries in 2026 due to a surplus. Petroleum Minister Musadik Malik confirmed there are no penalties for the deferral and additional cargo postponements are under negotiation.
Summit Midstream Completes Acquisition of Tall Oak Midstream III
This acquisition significantly boosts Summit’s natural gas portfolio, bringing its balance to about 50% natural gas-focused operations.
Guest Perspective: Canadian LNG Will Not Boost Japan’s Energy Security
(P&GJ) — With LNG Canada set to start up next year, LNG exporters in Canada are racing to build new projects along the country’s western coast. Many are enamored by the prospect of selling the fuel to Asian countries, particularly Japan.
QatarEnergy Signs Long-Term LNG Deal with Shell for China Delivery
State-owned QatarEnergy has signed a long-term sales and purchase agreement with oil and gas major Shell to supply it with liquefied natural gas (LNG) for delivery to China.
Rising LNG Terminal Costs to Weaken Competitiveness of New U.S. Projects, Analyst Says
Rising construction costs for U.S. LNG export plants, such as Venture Global's Plaquemines and Golden Pass LNG, are expected to reduce the competitiveness of new U.S. projects, analysts at Poten & Partners predict. Increased natural gas demand and a potential rise in prices could further challenge U.S. gas exports.
Pipeline Operator Enbridge Forecasts Higher 2025 Core Profit on Strong Oil, Gas Demand
Enbridge on Tuesday forecast higher core profit for 2025 as the Canadian pipeline operator expects strong oil and gas demand to lift volumes, sending its U.S.-listed shares up 1% in premarket trading.
More U.S. LNG is Needed to Support Asia’s Emissions Reduction Goals, New Study Finds
Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown.
Jordan Signs Deal to Use Egyptian FSRU Until 2026
Egypt and Jordan have signed an agreement to allow Jordan to use an Egyptian floating storage and regasification unit (FSRU) until 2026, Jordan's energy ministry said on Monday.
Global News December 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
U.S. Natural Gas Prices Plunge 8% as Mild Weather Weakens Heating Demand
U.S. natural gas futures dropped 8% due to milder weather forecasts and reduced heating demand. Despite rising output and high market volatility, gas prices are expected to rebound with increased LNG exports.
Argentina's Pampa Energia Joins LNG Export Venture Aiming for 11.5 Million Cubic Meters Daily
Argentina’s Pampa Energia has joined a $2.9 billion LNG export project with Pan American Energy and Golar. The initiative aims to export 11.5 million cubic meters of LNG daily, boosting Argentina’s role in global energy markets.
U.S. LNG Natural Gas Demand Nears Record Level
U.S. LNG export facilities are driving natural gas demand close to record highs, reaching 14.6 Bcf—just shy of December 2023's peak. Increased output from key plants like Freeport and Cheniere boosts U.S. global energy impact.
Woodside Targets Partnership Deals for Louisiana LNG Project by Early 2025
Woodside Energy expects to bring several partners into its Louisiana liquefied natural gas development by the time the company gives the financial go-ahead to the U.S. project in the first quarter of 2025, its CEO told Reuters.
Austrian Expert: OMV Could Legally End Gas Contracts with Gazprom
An Austrian legal expert suggests OMV could legally terminate its gas supply contract with Gazprom, citing contractual defaults and Swedish law provisions, amid ongoing disputes and halted supplies.
Goldman Warns Asia LNG Prices May Surge Due to European Gas Crunch
Goldman Sachs warns that Asia's LNG prices could surge above $20/MMBtu if European gas supply tightens this winter, driven by competition for limited resources and potential Russian flow disruptions.
TC Energy, Hanwha Power Systems Partner on sCO2 Power Generation Project
TC Energy has signed a Memorandum of Understanding (MOU) with Hanwha Power Systems to develop a supercritical carbon dioxide (sCO2) waste heat recovery (WHR) project at one of TC Energy’s natural gas compressor stations in West Virginia.
U.S. Oil Firms Unlikely to Go 'Drill, Baby, Drill' Under Trump, Says Exxon Executive
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday.
Equinor Predicts New LNG Supply Delays Until 2027, Contradicting IEA Forecast
The global supply of new liquefied natural gas could take longer to come on stream than expected by the International Energy Agency, with predictions differing by a year or more, Norway's Equinor said on Tuesday.
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
