Gas storage

Inpex, JERA Urge FERC to Approve Venture Global's CP2 LNG Project in Louisiana

JERA's letter to the U.S. Federal Energy Regulatory Commission (FERC) dated Friday, which followed Inpex's letter on Thursday, reiterated the role of the CP2 LNG project in securing Japan's energy supply.

Sources: Four Suitors Offer More Than $648 Million for Edison’s Gas Storage Assets

Edison's gas storage assets have attracted offers from four Italian and international suitors, setting the stage for a transaction that could be worth more than 600 million euros ($648 million), two sources familiar with the matter said.

Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy

Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.

Kinder Morgan Forecasts 11% Profit Increase for 2024 on Growing Demand

Kinder Morgan on Monday forecast higher 2024 earnings as the U.S. pipeline operator bets on increased demand for transporting crude oil and gas liquids.

Sentinel Midstream, Exxon Form JV to Connect Oil Terminals in Louisiana

Pipeline operator Sentinel Midstream said on Friday it has formed a joint venture (JV) with Exxon Mobil to provide pipeline connectivity between crude oil terminals in Louisiana.

APGA Continues Focus on Advocacy of Natural Gas

(P&GJ) – Formed in 1961, the American Public Gas Association (APGA) has played an instrumental role in the operations of more than 700 member companies in 36 states ever since, by representing its members before Congress and other federal agencies through careful assembling of regulatory and legislative positions.

Occidental in Talks to Buy Permian Producer CrownRock

Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion. ConocoPhillips, Diamondback Energy, Devon Energy, Marathon Oil and Continental Resources were also studying potential bids.

Venezuela Close to Approving Offshore Gas License with Trinidad, Shell

Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said.

Snam Explores Acquisition of Edison's Gas Storage, Eyes Bigger Stake in Adriatic LNG

Snam plans to file an offer to buy Edison's gas storage business and is also considering increasing its stake in Adriatic LNG, Italy's biggest LNG terminal, the group's CEO said on Thursday.

New Fortress Delays Start of Mexico's First LNG Plant Until December

U.S. LNG developer New Fortress Energy has postponed the commercial start of Mexico's first LNG plant to December, company officials said on Wednesday, following delays in receiving the infrastructure.

Chevron Pursuing 15-Year LNG Supply Contracts into Europe

Chevron is negotiating contracts to supply LNG into Europe for up to 15 years as buyers expect the region to rely on imports for longer than previously thought, an executive at the U.S. oil and gas company said.

Analysis: US Northeast Looks at Winter Threat Once Again

(P&GJ) – Driven in large part by the New England states’ policies seeking to reduce carbon emissions, the shift toward renewable resources to power the electric grid has been underway for years in the region.

WBI Energy's North Dakota Natural Gas Pipeline Expansion Gets FERC Approval

(P&GJ) — For the project, WBI Energy will construct approximately 60 miles of 12-inch natural gas pipeline and ancillary facilities to Wahpeton from an existing compressor station at Mapleton, North Dakota.

Williams’ DJ Basin Move May Signal New Investments

(P&GJ) — Early in 2023, Tulsa-based energy infrastructure giant Williams wasted no time in announcing that it had acquired MountainWest Pipelines Holding Company from Southwest Gas Holdings, in a transaction that included $1.07 billion in cash and $430 million in assumed debt, for an enterprise value of $1.5 billion.

Africa Leads the Way in Rapid Expansion of Floating Gas Facilities Amid Rising European Demand

Africa is at the forefront of a global wave of new floating gas facilities as countries on the continent seek to meet surging demand in Europe as quickly and cheaply as possible, analysts and energy companies told Reuters.

Petrobras, Excelerate Energy Extend 10-Year Charter for FSRU Sequoia in Brazil

(P&GJ) — Under the agreement, Excelerate will continue to deploy the Sequoia to provide regasification services in Brazil, primarily at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia.

Trinidad to Sign Atlantic LNG Restructuring Deal, Boosting Gas Processing

The deal is expected to simplify the ownership structure of the Atlantic LNG project, with Shell and BP soon to hold 45% each and Trinidad's state-run National Gas Company (NGC) holding the remaining 10%.

Venture Global Requests FERC Approval to Start Service at Louisiana Calcasieu LNG Plant Amid Customer Disputes

The startup of commercial service at that plant is the subject of several disputes between Venture Global and some of its customers, including units of European energy firms Shell, BP, Edison and Repsol.

Finland's New LNG Terminals Can Compensate for Balticconnector Pipeline Loss

Two new terminals for importing LNG to Finland have enough capacity to cover peak winter demand, making up for supply lost via the damaged Balticconnector pipeline, market observers said on Wednesday.

South Africa's Gas Master Plan Nears Release, Aims to Boost Clean Energy

South Africa's master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa's most developed economy for years.

Russia Begins Gas Supplies to Uzbekistan via Kazakhstan

Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV.

Tellurian Asks FERC for 3-Year Extension to Finish Louisiana Driftwood LNG Export Plant

U.S. energy company Tellurian Inc. has asked federal energy regulators for more time to build its Driftwood liquefied natural gas (LNG) export plant in Louisiana.

UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines

Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.

Gas Pipeline Explosion Prompts Temporary Closure of Highway in Oklahoma's Major County

(P&GJ) — Reports from the Oklahoma Highway Patrol reveal that a gas pipeline explosion led to the temporary shutdown of a major highway in Major County on Wednesday morning.

Trafigura Secures $400 Million Loan Facility to Purchase LNG from US Exporters

Commodity trader Trafigura on Wednesday said it has secured two revolving credit facilities totaling $400 million, supported by insurance from the Export-Import Bank of the United States.

416-Mile Coastal GasLink Pipeline Project 98% Complete

(P&GJ) — TC Energy’s Coastal GasLink pipeline project is 98% complete, signaling the culmination of a significant milestone in the development of the 670-km (416-mile) pipeline, according to the company’s September construction update.

Moldova Will No Longer Buy Gas from Russia's Gazprom

Much of Moldova will no longer buy gas from Russian energy giant Gazprom, Moldovan Energy Minister Victor Parlicov said on Monday, referring to parts of the country that capital Chisinau controlled and not breakaway areas.

Turkey's BOTAS to Supply 2 Million Cubic Meters of Gas to Moldova Starting in October

Turkey's state gas grid operator BOTAS said on Thursday it had signed a deal to supply Moldova with 2 million cubic meters of natural gas per day from October, in the second such agreement announced by the operator in as many days.

Cheniere Energy's Gas Intake at Texas LNG Plant Down for Fifth Day

Gas flows to Cheniere Energy's Corpus Christi, Texas, LNG export plant on Friday were reduced for a fifth consecutive day, according to data provider LSEG.

Joint Venture to Establish First LNG Ship Bunkering Hub in U.S. Gulf

A joint venture is developing the first dedicated LNG bunkering facility for ships in the U.S. Gulf amid efforts by the maritime industry to find cleaner fuel solutions, executives said on Thursday.