Gas

ICE to Open London Gas Hub, Creating Route Around EU Price Cap

The Intercontinental Exchange plans to launch a "parallel market" in London for Title Transfer Facility gas trading next month, it said on Friday, providing a way for market participants to avoid the European Union's gas price cap.

Philippines Greenlights Seventh LNG Project, Gears Up for Gas Imports

The Philippines' Department of Energy said on Friday it has approved a $67-million LNG import terminal project, the country's seventh such facility, as it gears up for the launch of its liquefied natural gas industry this year.

Trinidad Offers to Pay for Venezuelan Gas with Humanitarian Supplies

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.

Argentina Inks $540 Million Deal with Development Bank for Gas Projects

Argentina's government reached a $540 million deal with development bank CAF for the extension of natural gas pipelines and related infrastructure linked to the country's Vaca Muerta basin, Economy Minister Sergio Massa announced on Wednesday.

US Issues License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela.

Value of Routing Studies for New Natural Gas Pipelines

(P&GJ) — When natural gas pipeline owners announce their preferred route for a new pipeline, permitting bodies and other stakeholders inevitably ask, “Why here?” By conducting a methodical routing study that produces data-driven and experience-tested route alternatives, owners obtain supporting data and documentation they can use to formulate a response and help obtain buy-in.

Supply Chain Solutions for Natural Gas Leak Detection

(P&GJ) — Now more than ever, utilities, governments and pipeline companies are incentivized to secure their supplies of natural gas from production all the way to the meter. Leak detection and emissions reduction are critical components of an optimized natural gas distribution system.

APGA Perspective: Policymakers Need to Incentivize Natural Gas Innovations

(P&GJ) — Energy security, affordability and efficiency remain top-of-mind for American consumers. As such, the role of natural gas in our country’s future energy mix has sparked continuous debate among voters and policymakers.

Chesapeake Selling Eagle Ford Assets for $1.4 Billion; Focusing on Gas-rich Marcellus, Haynesville

U.S. oil and gas exploration and production company Chesapeake Energy Corp. said on Wednesday it had agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.43 billion in cash.

Canadian Province and First Nations Agree to Revive Oil, Gas Development in Montney Play

The Canadian province of British Columbia (B.C.) announced a land, water and resource management agreement with the Blueberry River First Nations Indigenous group on Wednesday that will restart development in the vast Montney shale play. The deal includes an annual 750-hectare (1853-acre) cap on new land that oil and gas activity can disturb.

Mexico's Pemex Destroyed Resources Worth $342 Million from Two Top Gas Fields

Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country's oil regulator showed.

Indonesia Approves Revised $3.35 Billion Plan for Eni's Merakes Gas Fields

Indonesia has approved a revised plan of development for its Merakes and Merakes East gas fields with a total investment of $3.35 billion, its upstream oil and gas regulator said on Tuesday.

Congo Awards Lake Kivu Gas Blocks to US, Canadian Producers

Democratic Republic of Congo has awarded licenses to three natural gas blocks in Lake Kivu on its eastern border, with some production expected to start as early as next year, the hydrocarbons ministry said on Monday.

Qatar, UAE Energy Ministers Say Gas Will Be Needed for Long Time

The world will need natural gas for a long time and more investment is required to ensure supply security and affordable prices during the global energy transition, the energy ministers of Qatar and the United Arab Emirates said on Saturday.

Germany in Talks with Iraq Over Possible Gas Imports

Germany is in talks with Iraq over the possibility of importing natural gas from the oil-rich country, Chancellor Olaf Scholz said on Friday, as Berlin scrambles to diversify its energy sources to replace a drop in Russian fossil fuel shipments.

China's CNOOC Targets Record Oil, Gas Output in 2023

China's CNOOC Ltd. has raised its 2023 production target by around 8% to a record 650 million to 660 million barrels of oil equivalent, it said on Wednesday.

API Unveils Plan to Prioritize US Natural Gas, Northeast Pipeline Development

(P&GJ) — The American Petroleum Institute (API) President and CEO Mike Sommers has released a new report and outlined the policies needed to make, move and improve American energy and prioritize U.S. natural gas and oil as a long-term strategic asset.

Opero Energy Wins Gas-Treating Contract for NG3 Development in Haynesville Basin

(P&GJ) — With 4,000 miles of pipeline and seven processing plants, Momentum Midstream’s New Generation Gas Gathering (NG3) project in the Haynesville Shale will have an initial treating capacity of 1.7 Bcf/d, expandable to 2.2 Bcf/d, and will also include a carbon capture and sequestration component.

Spain to Ask EU For Extension to Iberian Gas Price Cap Until End 2024

Spain will seek European Union permission to extend its temporary cap on reference prices for natural gas and coal used by power plants until at least the end of 2024, Energy Minister Teresa Ribera said on Monday.

Eni, Snam Join Forces on Algeria-Italy Gas Pipelines

Italian energy group Eni and gas grid operator Snam have clinched a partnership to jointly manage their assets in the gas pipelines connecting Algeria to Italy, the companies said on Tuesday.

Bulgaria Signs 13-Year Gas Deal with Turkey

Under the new 13-year agreement, Bulgargaz would be able to use Turkey's LNG terminals for cargo shipments, which would be transported via Botas's gas network to Bulgaria.

Putin Says Russia Now One of China's Leading Oil and Gas Suppliers

Russian President Vladimir Putin said on Friday that Russia had become one of China's leading suppliers of oil and gas, with 13.8 billion cubic meters of gas shipped to China via the Power of Siberia pipeline in the first 11 months of 2022.

Indonesia Approves $3 Billion Development Plan for South China Sea Gas Block

Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of $3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday.

Russia Ready to Resume Gas Supplies to Europe Via Yamal-Europe Pipeline

Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told state TASS news agency.

German Companies Plan to Invest More in Africa in 2023

A poll of businesses shows German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and LNG.

Analysis: Argentina’s Vaca Muerta Shale Boom Running Out of Road

Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth.

Australia's Senex Energy Suspends $671 Million Queensland Gas Project Expansion

South Korean steel giant POSCO International Corp.'s unit Senex Energy said it would suspend its $671 million investment plan of its Queensland gas project amid the Australian government's efforts to quell surging energy prices.

Gazprom: Gas Supply Continues in Full, Bypassing Damaged Pipeline

A local unit of the Russian energy giant Gazprom said on Tuesday that gas was being supplied to customers in full via parallel pipelines following damage to a section of the Urengoi-Pomary-Uzhhorod pipeline.

Putin Plans to Increase Gas Sales to China

President Vladimir Putin said on Thursday that Russia would increase gas supplies to "the East", particularly China, and set prices for sales to Europe using an electronic platform.

Williams to Acquire 2,000 Miles of Gas Pipeline from Southwest Gas for $1.5 Billion

MountainWest comprises roughly 2,000 miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming and Colorado, totaling approximately 8 Bcf/d of transmission capacity.