Processing/LNG

Russia's Gazprom Seeks Over $900 Million in Gas Dispute Damages from Polish Companies

In 2022, Poland terminated its agreement with Russia to receive Russian gas via the Yamal gas pipeline after Warsaw rejected a demand to pay for the fuel in rubles and Moscow responded by cutting off supplies.

FERC Asks Venture Global LNG to Justify Confidential Document Filings

The Federal Energy Regulatory Commission on Wednesday asked liquefied natural gas developer Venture Global LNG to explain the basis for its extensive filing of confidential documents in its Calcasieu Pass LNG export terminal.

Israel's NewMed Delays $2 Billion BP, ADNOC Buy-In Offer Amid Regional Uncertainty

A $2 billion offer by Abu Dhabi's national oil company and BP to buy a 50% stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region, NewMed said on Wednesday.

Freeport LNG's Feedgas Intake Plummets Amidst Operational Challenges

Feedgas intake at the second largest U.S. LNG plant has fallen by almost half over the last week, according to data provider LSEG.

NextDecade Targets Train 4 Final Investment Decision at Texas LNG Facility for Late 2024

NextDecade said on Monday it was targeting a final investment decision (FID) and plans to start construction of the fourth liquefaction train at its Rio Grande LNG facility in Texas by the second half of 2024.

European Energy Giants Urge U.S. Regulators to Reject Venture Global LNG's Permit Extension

Top European energy companies on Friday asked U.S. regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana export plant.

Shell's LNG, Gas, and Power Trading Chief Steve Hill to Depart Company

Hill joined Shell in 2016 following the $53 billion acquisition of rival BG Group. He has headed Shell Energy, which oversees business-to-business LNG, gas and power trading, part of the company's downstream division.

Japan Bolsters LNG Supplies, Relying More on Allies Australia and U.S.

Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.

EQT and Equitrans Midstream to Merge in $5.5 Billion Natural Gas Deal

EQT Corp., the leading U.S. natural gas producer, is set to acquire Equitrans Midstream in a deal valued at $5.5 billion. The merger will bolster cost-effective production and transportation of natural gas by incorporating over 2,000 miles of pipeline infrastructure into EQT's operations.

Shell, Edison Urge U.S. Regulators to Reject Venture Global LNG's Permit Extension Request

Italian utility Edison and Shell on Friday asked U.S. energy regulators to reject Venture Global LNG's request for a one-year construction permit extension to its Louisiana export plant.

Chevron's CEO Faces High-Stakes Battle Over Hess Acquisition

Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals.

AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal

Singapore-based Atlantic, Gulf and Pacific LNG (AG&P), a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal, it said in a statement on Thursday.

Argentina's YPF to Invest $3 Billion in Shale, Eyes LNG Facility Expansion in 2024

Argentina's national oil company YPF on Thursday said it would invest $3 billion of a $5 billion capital spending plan this year in shale, as it looks to generate more cash by exiting some major conventional fields.

U.S. Natural Gas Prices Steady Ahead of Federal Storage Report

U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

Saudi Aramco, UAE's ADNOC in Talks for Investments in U.S. LNG Projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S. liquefied natural gas projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market, sources aware of the matter said.

Vitol Nears Acquisition of Exxon, QatarEnergy Stakes in Italy LNG Terminal

Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy's biggest LNG import terminal from Exxon Mobil and QatarEnergy, two sources with knowledge of the matter said on Monday.

Temasek Shortlists Saudi Aramco, Shell for Pavilion Energy Asset Sale

Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of LNG trading firm Pavilion Energy, sources with knowledge of the matter said.

Tellurian CEO Octavio Simoes' Term Not Extended, Company Eyes Asset Sale

LNG developer Tellurian said on Monday it would not renew or extend the employment term of CEO Octavio Simoes beyond June 5, and aims to sell its upstream business, sending its shares up as much as 3% before the bell.

Philippines' Top Energy Firms Collaborate on $3.3 Billion LNG Facility Project

Three top Philippine energy firms have partnered for the first time to form a large-scale integrated LNG facility, the companies said on Sunday, in a deal two of them valued at $3.3 billion.

New Fortress Energy Launches Barcarena LNG Terminal in Brazil

New Fortress Energy Inc. has announced the operational status of its 6 MTPA Barcarena LNG terminal in Pará, Brazil, with the Energos Celsius Floating Storage Regasification Unit now in operation on-site.

BP Urges U.S. Regulators to Deny Venture Global's Permit Extension Request

BP Plc on Tuesday urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant.

Woodside Energy Inks Long-Term LNG Supply Deal with South Korea

Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp. to supply LNG for more than a decade, the Australian oil and gas company said on Wednesday.

Endesa's CEO Optimistic About $585 Million Nigerian LNG Contract Arbitration

Endesa CEO Jose Bogas said on Wednesday he was optimistic about the outcome of a $585 million arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

U.S. Takes Lead as Top Supplier to Europe for Crude, Diesel and LNG

The United States has taken the top spot as Europe's supplier of crude oil, diesel, and liquefied natural gas (LNG) in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.

Qatar's LNG Expansion Plans Set to Squeeze Out U.S., Rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the United States where President Biden paused new export approvals, market experts said.

Pipeline Firm ONEOK Posts Higher Fourth-Quarter Profit on Strong Volumes

ONEOK, which has about 50,000-mile long network of pipelines, said its Rocky Mountain region natural gas liquids (NGL) raw feed throughput volumes rose by 20%, compared to last year.

Venture Global LNG Refuses to Provide Confidential Documents Without Regulatory Order

Venture Global LNG on Monday told U.S. regulators it will not provide energy firms Repsol SA and Galp Energia with confidential documents on a Louisiana export terminal's operations unless ordered to do so.

First LNG Vessel Arrives at Germany's New Mukran Terminal

The first vessel carrying LNG for Germany's Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas.

Australia's Woodside to Sell Stake in Scarborough to Japan's JERA for $1.4 Billion

Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 billion, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.

U.S. Regulators Set April Deadline for Decision on Venture Global LNG Permit Extension

U.S. energy regulators on Friday said they would decide quickly on liquefied natural gas developer Venture Global LNG's request for a one-year extension to its construction permit for its Calcasieu Pass LNG plant in Louisiana.