Business & Markets

Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas

Germany took steps to ramp up LNG imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units and choosing the North Sea port of Wilhelmshaven as the first handling hub.

China's CNOOC Awards $2.4 Billion in LNG Tanker Building Contracts

China National Offshore Oil Company (CNOOC) has awarded $2.42 billion worth of contracts to build 12 LNG tankers and each tanker will be able to carry up to 174,000 cubic meters of LNG.

Energy Transfer Announces Higher Transportation Volumes for Q1 2022

Energy Transfer LP had higher transportation volumes across all of its segments for the first quarter of 2022 and completed construction on the final phase of its Mariner East project, the company said in its first quarter earnings release on Wednesday.

Swiss Court Rules on Which Gas Imports Are Subject to CO2 Tax

A Swiss court has ruled that natural gas imported to power turbines for compressing gas in the transit pipeline is not subject to the national carbon tax designed to curb the use of fossil fuels and protect the environment.

Guyana, Exxon Discuss Pipeline to Bring Natural Gas Ashore - Minister

Guyana has started discussions with Exxon Mobil Corp. to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston.

Greece, Bulgaria to Build New LNG Terminal to Help Cut Reliance on Russia

A new LNG facility to be built off the northern Greek port of Alexandroupolis and carry gas to the shore via a 28-km long pipeline is expected to help create a new gas route for Europe and cut reliance on Russian gas.

Nigeria Oil Minister Says Russia Interested in Gas Pipeline to Morocco

Russia has expressed interest in investing in the Nigeria-Morocco gas pipeline project that has been on the cards since 2016/ Besides linking the two countries, the 5,660 km (3,517 miles) pipeline is also expected to connect some other African countries to Europe.

Energy Transfer to Supply LNG to SK Gas in 18-Year Deal

Energy Transfer LP has executed a long-term sale and purchase agreement (SPA) with SK Gas Trading LLC for the supply of 0.4 million tonnes per annum (MTPA) of LNG from Energy Transfer’s Lake Charles LNG export facility.

Coterra, Devon Study New LNG Opportunities

Shale producers Coterra Energy and Devon Energy on Tuesday said they were evaluating new opportunities tied to LNG but warned of a "crowded" market and challenging economics.

MPLX to Move Forward with Permian, Bakken Pipeline Expansion Projects

MPLX LP will advance projects focused on expansions and reducing bottlenecking on its crude and natural gas long-haul pipelines in the Permian and Bakken, starting with the 450-mile Whistler pipeline that transports from the Permian to South Texas.

Enbridge Invests $6.6 Million in Smartpipe’s Innovative Pipeline Technology

Smartpipe Technologies has received a $6.6 million investment from Enbridge Inc. for its innovative pipeline technology, designed to improve pipeline safety and allow for the transportation of hydrogen and carbon dioxide.

GHD and PG&E Partner on Hydrogen, Natural Gas Blending Project in California

GHD has entered a partnership with PG&E to conduct a complete study of different levels of hydrogen blends in natural gas pipeline systems.

Energy Transfer, Gunvor Ink 20-Year LNG Supply Deal

U.S. pipeline company Energy Transfer LP will supply two million tonnes of LNG per annum to the Singapore unit of trading house Gunvor Group Ltd. as part of a 20-year deal signed on Monday.

NextDecade Executes 15-Year US LNG Deal with France’s Engie

NextDecade Corp. announced the execution of a 15-year sale and purchase agreement with Engie SA for the supply of LNG from NextDecade’s Rio Grande LNG export project (RGLNG) in Brownsville, Texas.

Enterprise Products Sees Volumes Rise 16% on Crude Pipeline

Enterprise Products Partners' reported volumes climbed 16% on its Midland-to-ECHO pipeline, which transports crude from the heart of the Permian basin to Enterprise's ECHO terminal in Houston.

Origin Energy's Revenue from APLNG Project Jumps 78% on Strong Prices

Australia's Origin Energy posted a 78% jump in third-quarter revenue on Friday from its stake in the Australia Pacific LNG (APLNG) project due to higher spot LNG prices and realized oil prices.

Portugal Plans to Use Sines Port for Shipping LNG to Europe

Portugal plans to double the capacity at Sines port to handle LNG tankers and transfer the LNG on smaller vessels to European countries dependent on piped gas from Russia.

Chevron's Profit Nearly Quadruples, Vows More Natural Gas Investment

Chevron Corp. posted its highest quarterly profit in 10 years on Friday as oil and gas prices surged and said it was looking to boost investment in natural gas on rising world demand.

Shell Sees Volumes on Mars Oil Pipeline System Rise in First Quarter

Shell Midstream Partners said volumes on its Mars oil pipeline system, a major corridor oil pipeline in the offshore Gulf of Mexico, rose during the first quarter, as repairs completed in the wake of Hurricane Ida allowed it to run at normal operating levels.

Atlanta Gas Light to Double Capacity with Expansion of Georgia LNG Facility

Atlanta Gas Light announced plans to expand its LNG facility in Cherokee County, Georgia, by adding a second LNG tank at the location, allowing it to double its capacity and stay ahead of projected natural gas demands.

Virginia Natural Gas to Deploy Drones to Inspect 5,500 Miles of Gas Pipeline

Virginia Natural Gas said it will use drones to perform equipment inspections across its natural gas infrastructure. The drones will begin flights across Hampton Roads conducting inspections of critical infrastructure, right-of-way assessments, and 5,500 miles of gas pipeline.

Duke Energy Invests in Two Renewable Natural Gas Projects in North Carolina

Duke Energy has invested in two new projects to convert landfill gas from two North Carolina landfills into renewable natural gas. Each project is projected to produce roughly 500,000 dekatherms of RNG each year.

Uniper Sees Russian Gas Imports as Safe Despite Supply Stop to Poland, Bulgaria

Uniper sees Russian gas flows into Germany as secure for now despite a halt in supplies to Poland and Bulgaria as transit volumes headed elsewhere would be unaffected, Germany's top importer of Russian gas said on Wednesday.

Anaergia Commissions First of Seven Renewable Natural Gas Facilities in Italy

Anaergia Inc. has commissioned its Easy Energia Ambiente facility on Wednesday in Pontinia, Italy. The facility will convert food waste diverted from landfills into renewable natural gas that will be injected into the region’s gas pipelines.

DOE Issues Export Authorizations to LNG Projects in Texas, Louisiana

The U.S. Department of Energy (DOE) has issued two long-term orders authorizing an additional 0.5 Bcf/d of LNG exports from two LNG export projects: Golden Pass LNG in Texas and Magnolia LNG in Louisiana.

Argentina Seeking $10 Billion Investment to Jump-Start LNG Exports

Argentina, battling a deep and costly energy deficit, is looking to attract some $10 billion in private investment to help it jump-start exports of liquefied natural gas (LNG) by 2027.

TES Commences LNG Open Season at Wilhelmshaven Green Energy Hub

Tree Energy Solutions has commenced an open season to fast-track LNG imports into Europe through its Wilhelmshaven regasification terminal. It will offer direct access to an extensive gas pipeline network at Etzel with proximity to the Groningen gas grid infrastructure.

Russia Cuts Natural Gas to Poland, Bulgaria, Taking Aim at European Economies

Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand for payment in rubles, taking direct aim at European economies in its toughest retaliation so far against international sanctions over the war in Ukraine.

Argentina Targets LNG Price of $30-32/MMBtu in New Tender

Argentina, racing to secure winter gas supply, is targeting a LNG price of $30-32 per million British thermal units (MMBtu) in a new tender to buy 12 cargoes, the head of the state energy firm directing the process told Reuters.

TC Energy Eyes Alberta Site for Hydrogen Production Hub

TC Energy Corp. has begun evaluating plans for a hydrogen production hub on 140 acres in Crossfield, Alberta. The proposed hub would produce an estimated 60 tonnes of hydrogen per day, with the capacity to increase to 150 tonnes per day.