Gas storage
Permian Natural Gas Prices Plummet to 15-Month Low Amid Lingering Negative Territory
Natural gas in the Permian and across the U.S. has been oversupplied following a warmer-than-expected winter, offtake constraints, and operational issues at a major LNG plant in Texas.
Japanese Consortium Invests $370 Million in I Squared Capital's India Gas Platform
A Japanese consortium will invest $370 million to acquire a minority stake in a platform that invests in companies developing city gas distribution networks in India, global infrastructure investor I Squared Capital said on Monday.
EQT and Equinor Strike Mega Deal: Swapping Onshore Assets in Pennsylvania
EQT will sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA in exchange for Equinor's onshore asset in the Appalachian basin and $500 million in cash, the companies said on Monday.
U.S. Natural Gas Prices Surge to 5-Week High on Freeport LNG Feedgas Increase, Output Decline
U.S. natural gas futures edged up about 1% to a five-week high on Wednesday on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas and producers continued to reduce drilling activities after prices collapsed to 3-1/2-year lows earlier this year.
DeLa Express’ 690-Mile Permian-to-Louisiana Gas Pipeline Seeks FERC Approval, Targets 2028 Launch
(P&GJ) — DeLa Express LLC, an affiliate of Moss Lake Partners, has formally requested FERC approval to initiate the Pre-Filing Review Process for the proposed DeLa Express Project—a 690-mile natural gas pipeline aiming to transport gas from production sites in the Delaware Basin, Texas, to markets around Lake Charles, Louisiana.
Shell Seeks Longer U.S. License Before Committing to Venezuela Gas Project
Oil major Shell is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said.
Enterprise Expands Permian Operations with New 300 MMcf/d Gas Processing Plant
Enterprise Products Partners will build a natural gas processing plant in Texas to expand its operations in the Permian Basin, the U.S. energy firm said on Wednesday.
Cheniere's Reduced Output Leads to Decline in U.S. LNG Demand
There was a significant decline on Tuesday in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy's Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana, according to data from financial firm LSEG.
GCL Revives Gas Business After Offloading Solar, Sets Sights on LNG Ambitions
Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation, company executives told Reuters.
Mitsui Invests $740 Million in Developing Vietnam Gas Field
Japanese trading house Mitsui & Co. said on Friday it has reached a final investment decision to develop Vietnam's Block B gas field, with its share of development cost of about $740 million.
MidOcean Energy Completes Acquisition of Tokyo Gas’ Australian LNG Interests
MidOcean Energy, managed by EIG, a prominent investor in the energy and infrastructure sectors, has finalized its acquisition of Tokyo Gas’ interests in a suite of Australian integrated LNG projects.
SEFE Acquires Full Stake in WIGA from Wintershall Dea
WIGA holds sole ownership of German regulated gas transmission system operators GASCADE Gastransport GmbH and NEL Gastransport GmbH.
Takeaway on Upswing in Permian, Haynesville
According to Pipeline & Gas Journal’s recent construction report a total figure of 19,832 miles of pipeline either planned or under construction in North America.
CPS Energy to Acquire Gas Plants from Talen Energy for $785 Million
Utility firm CPS Energy said on Wednesday it would buy natural gas plants in Corpus Christi and Laredo in Texas from Talen Energy for $785 million.
U.S. Gas Producers Optimistic Amidst Low Prices, Banking on LNG Expansion
Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new LNG plants to lift demand — and prices — for the fuel.
Addressing Challenges in Carbon Capture, Storage Deployment
While the use of renewables, improved energy efficiency and electric vehicles are areas of focus, oil and natural gas will continue to be in demand for petrochemicals and fueling transportation by land, sea and air.
Summit Midstream Exits Utica Shale in $625 Million Deal with MPLX
Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream company MPLX LP for about $625 million in cash.
Petronas Begins Construction of Floating LNG Facility for Argentina's Gas Exports
Malaysia's state energy firm Petronas has begun the construction of a floating liquefied natural gas (FLNG) processing unit to be placed off the coast of Argentina, which aims to begin exports by 2027.
Williams Plans Expansion of Gas Pipeline Network in Virginia
Pipeline operator Williams Cos. is preparing for a major expansion of its pipeline network in the Southeastern United States. This expansion will increase the capacity of the Transcontinental pipeline network, which spans approximately 10,000 miles from Texas to New York.
Enstor Seeks FERC Approval to Double Capacity of Mississippi Hub Natural Gas Storage Facility
Enstor Gas LLC has submitted an application to FERC through its affiliate, Mississippi Hub LLC, for an expansion of its natural gas storage facility located in Simpson County, Mississippi.
TC Energy to Sell 470-Mile British Columbia Gas Pipeline to Ksi Lisims LNG Partners
The pipeline project, which TC will sell to Ksi Lisims co-developers Nisga'a Nation and Houston-based Western LNG, is permitted to move up to 3.6 billion cubic feet of natural gas per day across British Columbia.
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.
Italy Abandons $5.2 Billion Gas Storage Tariff Plan Amid EU Concerns
Italy's energy authority said it had shelved plans for a tariff to cover the cost of keeping gas stockpiles full, following widespread criticism from energy companies and European Union objections.
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.
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.
CNX Resources Delays Production Activities, Expects Volume Decline Amid Weak Gas Prices
U.S. energy firm CNX Resources said on Tuesday it expects lower production volumes in 2024 as it is delaying some well completion activities amid weak natural gas prices.
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.
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.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
