Business & Markets

Rising Calls for US LNG to Revive Stalled Export Projects, But at Higher Costs

Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track.

Synthica Energy to Convert Stillage into Renewable Natural Gas at Kentucky Facility

Synthica Energy has entered the permitting phase of development for a new anaerobic digestion facility in Kentucky’s famed distillery region, which will focus on converting distillery byproducts (stillage) into Renewable Natural Gas (RNG).

Portuguese-Danish-Dutch Consortium Plans $1.1 Billion Hydrogen Plant in Sines

Portuguese project developer Madoqua Renewables, Danish fund manager Copenhagen Infrastructure Partners and Dutch firm Power2X plan to invest 1 billion euros ($1.09 billion) in a green hydrogen plant in Portugal.

NextEra Posts Quarterly Loss After Taking Hit from Natural Gas Prices

NextEra Energy Inc. took losses of $1.77 billion on some of its hedges as natural gas prices shot up during the period and was also hit by a $600 million after-tax impairment on its investment in the Mountain Valley Pipeline.

Catalan Leader Confident MidCat Gas Pipeline Will Be Built This Decade

The head of the regional government of Catalonia is confident a pipeline to ship gas and potentially green hydrogen from the northeastern Spanish region to France will be built this decade.

Pipeline Operator Kinder Morgan's Profit Sinks on Lower Crude Volumes

Kinder Morgan Inc. reported a nearly 53% plunge in quarterly profit on Wednesday as the U.S. pipeline operator transported lower volumes of crude and condensate.

Exxon Sees Carbon Capture Market at $4 Trillion by 2050

Exxon Mobil Corp. estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, which is about 60% of the $6.5 trillion market it estimates for oil and gas by then.

Natgas Pipeline Explosion Injures Two at Louisiana Air Force Base

The incident occurred on a 10-inch (25.4 cm) natural gas gathering line located on the base, a spokesperson for Energy Transfer LP said, adding, "the line was immediately shut in and the area is secure."

US Natgas Futures Beat Sharp Retreat, Shed 10%

U.S. natural gas futures fell 10% on Tuesday, in a technical correction aided by a shift to a slightly warmer weather outlook after expectations of a cold snap sent prices soaring to an over 13-year peak in the last session.

Summit Says Carbon Pipeline Project Has Secured 20% of Iowa Route

Summit Carbon Solutions, the developer of what would be the world's largest carbon capture project, said it has secured 20% of its pipeline route in Iowa, the state that would host the longest stretch of pipe.

Cheniere Launches Program to Monitor GHG Emissions on Natural Gas Systems

Cheniere Energy Inc. has entered a collaboration with natural gas midstream companies to implement quantification and monitoring of GHG emissions on natural gas gathering, processing, and storage systems.

Short-Term Energy Outlook Heavily Influenced by Russia’s Invasion

EIA’s March Short-Term Energy Outlook (STEO) addresses heightened levels of uncertainty resulting from a variety of factors, including Russia’s further invasion of Ukraine.

Engineering Renewable Natural Gas Solutions

Environmental regulations across the globe are mandating the reduction of greenhouse gas emissions, and methane is a particularly high-profile target due to its high global-warming potential (GWP).

Denmark to Boost North Sea Gas Production to Quit Russian Supply

Denmark's government on Tuesday said it aimed to temporarily increase production of natural gas from its fields in the North Sea, in a move to rapidly become independent of Russian supplies.

US To Resume Oil, Gas Drilling on Public Land Despite Biden Campaign Pledge

The plan calls for the government to lease fewer acres for drilling than initially proposed, charge steeper royalties to oil and gas companies, and assess the climate impact of developing the acreage.

Russian Gas Nominations for Slovakia, Yamal Reverse Flows Steady

Daily nominations for Russian natural gas deliveries to Slovakia via Ukraine were broadly steady over the weekend, and eastbound gas flows to Poland via the Yamal pipeline were also unchanged.

Greek Recoverable Gas Reserves Seen Topping 600 Bcm, Commission Says

Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, as Athens accelerates gas exploration to cut its reliance on Russian energy.

Japan To Boost Investment Role in LNG Projects to Boost Offtake

Japan plans to step up its investment role in projects for LNG, to spur new development and boost fuel offtake by its companies.

Cheniere Energy Exec Says Surging US Natgas Prices Will Spur Production

Cheniere Energy said on Thursday surging U.S. natural gas prices reflect past underinvestment followed by "a demand shock" as Europe weans itself off Russian gas, and that high prices will spur more production.

US Natgas Jumps 4% To Fresh 13-Year High on Small Storage Build

U.S. natural gas futures gained about 4% to close at a fresh 13-year high on Thursday on a smaller than usual storage build and a recent drop in U.S. output.

Germany Weighs Leasing Additional Floating LNG Terminal

Germany has signed contracts to lease three floating LNG gas terminals and is considering getting a fourth to more quickly reduce dependence on Russia for gas supplies, a government source said.

Xebec Wins $113.5 Million Order for Carbon Capture, Sequestration Equipment

Xebec Adsorption Inc. has inked a binding contract to supply large-scale CO2 compression equipment for world’s largest carbon capture and storage project.

Biden Plan to Aid Europe with LNG Poses Risk to US Climate Goals

U.S. President Joe Biden’s plan to expand LNG shipments to Europe to cut the region’s dependence on Russian fuel risks undermining his administration's climate goals.

Williams’ Natural Gas Pipeline Ruptures in Alabama

The incident happened at a natural gas compressor facility owned by The Williams Companies Inc., located on Highway 69 in southwest Marengo County, Alabama.

Excelerate Energy Raises $384 Million in First Major IPO Since Russia-Ukraine War

Excelerate Energy Inc. jumped 17.5% in its market debut on Wednesday, riding on investor demand for companies with exposure to LNG amid the Russia-Ukraine conflict and ending a lull in U.S. capital markets since the invasion.

Japan's Osaka Gas Backs $11 Billion Green Hydrogen Project in Australia

Osaka Gas Co. Ltd. said on Tuesday it will provide technical support for a $10.75 billion green hydrogen project in the Australian outback and will consider potential investment in future.

Pipeline Capacity Growth Fuels Record Haynesville Gas Production

Natural gas production from the Haynesville shale reached record highs in late 2021 and remained relatively strong in early 2022 on greater takeaway capacity and demand, a new government report revealed Wednesday.

Eni Signs Egyptian Gas Deal to Unlock LNG Supplies for Europe This Year

The move comes as Italy and Europe step up efforts to find alternative gas imports to cut their reliance on Russian gas as the war in Ukraine escalates.

Italy Clinches Gas Deal with Algeria to Temper Russian Reliance

Algeria is Italy's second-biggest gas supplier. The Transmed pipeline has a daily capacity of more than 110 million cubic meters but currently transports only around 60 million cubic meters.

Delek Logistics Acquires Permian Basin Gathering Assets in $624.7 Million Deal

The asset base includes approximately 485 miles of pipelines, 88 million cubic feet per day of cryogenic natural gas processing capacity, 120,000 bbl of crude storage capacity and 200,000 bbl/d of water disposal capacity.