Processing/LNG
Global News February 2025
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.
Construction Report: Trump Policies, Thirst for LNG Could Bolster Expansion
While the global thirst for LNG continues to drive pipeline construction globally, the real questions for the new year concern a second Donald Trump presidency in the United States. Early analysis from those in the industry suggest the change of administration will be good for midstream.
ONEOK Completes EnLink Midstream Acquisition, Expands Value Chain
ONEOK Inc. has completed its acquisition of EnLink Midstream LLC, strengthening its integrated midstream operations and diversifying its platform. The transaction was approved by EnLink unitholders at a special meeting on Jan. 30.
Japan Considers Backing 800-Mile Alaska LNG Pipeline to Strengthen U.S. Ties
Japan has doubts about the viability of the proposed 800-mile pipeline because of the overall costs of the gas relative to other sources. But it is prepared to offer to explore a deal if asked, the officials said.
Nigeria's NNPC, Partners to Build Five Mini-LNG Plants for Domestic Gas Supply
State-owned Nigerian National Petroleum Company (NNPC) has begun construction of five mini-LNG plants as part of government efforts to drive economic growth and boost gas usage, a company spokesperson said late on Thursday.
Japan's Energy Security to Benefit from Increased U.S. LNG, JERA Says
Japan's energy security will benefit from U.S. President Donald Trump's push to increase LNG production, an executive at JERA, Japan's top LNG buyer, said on Friday, while allowing the company to diversify its suppliers.
Baker Hughes Secures LNG Equipment, Services Deal for Venture Global's U.S. Projects
Oilfield services provider Baker Hughes has signed an agreement with Venture Global to support its liquefied natural gas (LNG) projects in the United States with technology and equipment.
German LNG Terminal Fears Price Undercutting by State Rival
Private German liquefied natural gas (LNG) terminal operator Deutsche ReGas says the potentially lower prices offered by state-owned Deutsche Energy Terminal to attract buyers are a threat to its business.
Venture Global Nears Completion of Calcasieu Pass Power Plant Repairs
Venture Global LNG could finish power generator repairs by the end of February, a federal inspection report said on Wednesday, potentially clearing the way for the almost three-year commissioning of the Calcasieu Pass LNG plant to reach completion.
Venture Global Approved to Introduce Gas at Plaquemines LNG as Output Grows
Federal regulators on Tuesday gave Venture Global LNG permission to introduce natural gas into the seventh block of its Plaquemines plant in Louisiana as the company continues to ramp up production of the superchilled gas.
Russia Focusing on Domestic Gas Pipelines Network for Now
Russia plans to complete unification of its gas pipelines system within the next several years with the aim to ensure stable gas supplies within the country and to stimulate domestic gas consumption.
NFE's Mexico LNG Plant Operating 20% Above Capacity, Company Says
A floating liquefied natural gas (LNG) plant operated by U.S. energy firm New Fortress Energy off Mexico's coast is producing at 20% above its capacity, and the company has shipped nine cargoes from the facility since August, it said on Tuesday.
Freeport LNG Restores Texas Plant Operations After Power Outage
Freeport LNG on Monday said its plant at Quintana Island, Texas, returned to full operations following an outage last week caused by unstable power from its provider Center Point Energy.
For Midstream, Welcome Trump Regulatory Changes Afoot
Last July 24, the five commissioners of the Federal Energy Regulatory Commission (FERC) journeyed up to the House Energy and Commerce Committee for what could have been a difficult hearing. The committee was controlled by Republicans.
EIA Projects Rising U.S. Natural Gas Prices Amid Growing LNG Demand
The U.S. Energy Information Administration (EIA) expects wholesale natural gas prices to rise in 2025 and 2026 as demand outpaces supply, largely driven by increased exports from liquefied natural gas (LNG) facilities.
U.S. LNG Production Growth Expected to Aid India, Says Petronet LNG CEO
An increase in LNG production in the United States after President Donald Trump ended a moratorium on new export permits should benefit consuming nations like India, the chief executive of the country's top gas importer said on Monday.
Former Golden Pass LNG Contractor Zachry Set to Emerge From Bankruptcy by March
The Texas construction contractor that last year quit the Golden Pass liquefied natural gas plant project, a joint venture between QatarEnergy and Exxon Mobil, could exit Chapter 11 bankruptcy before April, the company said on Jan. 24.
Louisiana’s Argent LNG Inks Deal to Supply 5 Million Tons of LNG Annually to Bangladesh
Argent LNG, which is developing a 25 million metric tonnes per annum (MTPA) LNG facility in Louisiana, has signed a deal with the government of Bangladesh to purchase up to 5 million metric tons of LNG annually.
Revisiting the Biggest Midstream Stories of 2024
(P&GJ) – In this final issue of P&GJ for 2024, the staff – with more than a little help from our readers – takes a look back at the sometimes-frenzied year for pipeline construction that was 2024.
JERA Plans U.S. LNG Expansion to Balance Japan's Energy Portfolio
Japan's top LNG buyer, JERA, plans to increase its purchases of liquefied natural gas from the United States to diversify its supply and meet demand growth spurred by data centers and AI, a senior executive told Reuters.
Tamboran, Santos Partner on Darwin LNG Expansion Studies
Tamboran Resources and Santos have signed a non-binding memorandum of understanding to conduct technical studies for a potential expansion of the Darwin LNG facility in Australia's Northern Territory.
LNG Developers in Texas and Louisiana Praise Export Freeze Lift
Three companies developing liquefied natural gas (LNG) projects in Texas and Louisiana said they will move full speed ahead with their plans after U.S. President Donald Trump lifted the previous administration's freeze on export permits.
Freeport LNG in Texas Nearing Full Operations as Gas Flows Recover From Outage
Natural gas flows to Freeport LNG's export plant in Texas were set to rise on Thursday after a power problem during a winter storm forced it to shut on Tuesday, data from LSEG and energy traders showed.
Kinder Morgan’s 216-Mile Trident Pipeline Progresses as Q4 Profit Hit by Crude Slowdown
Kinder Morgan is moving forward with the 216-mile Trident pipeline to boost gas capacity near Port Arthur, Texas, as lower crude volumes weigh on Q4 profits.
Freeport LNG Shutdown in Texas to Continue Amid Power Issues
U.S. liquefied natural gas company Freeport LNG said on Wednesday it closed its export plant in Texas on Tuesday due to a power feed problem during a winter storm and will keep it shut until power supply stabilizes.
Venture Global LNG Lowers IPO Valuation Target to $65.3 Billion
Venture Global LNG on Wednesday slashed the valuation it sought from a U.S. initial public offering to $65.33 billion, significantly lower than the initial target of $110 billion.
Trump Lifts Biden’s Freeze On Liquefied Natural Gas Exports
President Donald Trump issued an order on Monday for the U.S. to resume processing export permit applications for new liquefied natural gas (LNG) projects, part of an effort to raise U.S. energy output and dismantle his predecessor's climate policies.
Texas Ports Suspend Operations as Winter Storm Hits Gulf Coast
Port Freeport on Tuesday said it expects limited vessel activity due to cold weather conditions in the Texas Gulf Coast area amid winter storm Enzo.
Argentina's YPF Signs LNG Export Deal with Indian Firms
Argentina's state-run oil company YPF signed a memorandum of understanding with three Indian firms to potentially export up to 10 million metric tons of LNG per year, the company said on Tuesday.
Mozambique’s President Rules Out LNG Contract Revisions with TotalEnergies, Exxon
Mozambique is not looking to review contract terms with energy majors like TotalEnergies and ExxonMobil who are planning multibillion-dollar liquefied natural gas projects in the country, its new president said on Friday.
- Trump Puts Keystone XL Pipeline Back in Discussion, Though Revival Faces Developer Resistance
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Energy Transfer Wins New York Court Ruling in $150 Million Pipeline Fraud Case
- ONEOK, MPLX to Build $1.4 Billion LPG Export Terminal, Pipeline in Texas
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Kinder Morgan Approves $1.4 Billion Mississippi Crossing Project to Boost Southeast Gas Supply
- India’s GAIL Eyes U.S. LNG Deals Following Trump’s Policy Shift
- TC Energy Beats Q4 Profit Estimates, Driven by Mexico Pipelines' Success
- Enbridge Should Rethink Old, Troubled Line 5 Pipeline, IEEFA Says
