Regions

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.

Russia's Sakhalin 2 May Double LNG Revenue as Top Buyers Stay Despite Ukraine Crisis

Russia's Sakhalin 2 LNG project could generate twice the revenue this year that it did before the Ukraine conflict thanks to long-term deals with Asian buyers and higher prices, according to analysts and Reuters calculations.

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.

Jobo-Medellin Gas Pipeline Tabbed as Colombia’s Priority Project

(P&GJ) – The Canadian company Canacol Energy signed an agreement with the Shanghai Engineering and Technology Corp. (SETCO) consortium to build a gas pipeline. The 189-mile (289-km), 22-inch pipeline, from the Jobo gas processing facility to the city of Medellin, was declared part of the National Strategic Interest policy by the Colombian government.

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.

Sempra Energy Strikes 20-Year LNG Supply Deal with Poland's PKN ORLEN

Sempra Energy said on Wednesday it would supply 1 MTPA of LNG from its Port Arthur LNG Phase 1 project to Poland's PKN ORLEN SA for 20 years.

Argentina Pumps Record Shale Oil as Vaca Muerta Takes Off

Argentina posted record production of shale oil in December, the energy ministry said on Tuesday, as development of the country's huge Vaca Muerta shale formation fuels output gains.

Exxon Stops Routine Gas Flaring in The Permian, Wants Others to Follow

Exxon Mobil Corp. said it has stopped routine flaring of natural gas from production in the top U.S. shale basin and will press for stronger regulations for rivals to do the same, company officials said in an interview.

Uganda to Unveil First Commercial Oil Production Drilling Program

Uganda will commission on Tuesday the first of its four planned oil drilling rigs and start drilling the first production well, its petroleum agency said, a key milestone as the country races to meet its target of first oil output in 2025.

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Santos Ltd. faces a new delay developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.

Expanded Trans Mountain Pipeline Will Be Fully Operational Early Next Year, MEG Energy Says

MEG Energy, an oil shipper on Canada's Trans Mountain Expansion project, said on Monday the pipeline is expected to start filling with oil in late 2023 and be fully operational early next year.

Pakistan Could Start Importing Russian Oil After March

Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed and is discussing with Islamabad whether payment could be made in the currencies of "friendly" countries, Russia's energy minister said on Friday.

Gascade and Fluxys Step Up Plans for North Sea Hydrogen Pipeline

Pipeline operators Gascade and Fluxys are stepping up the pace on plans for a green hydrogen pipeline in the North Sea by applying to the European Commission to qualify for fast-track approvals and funding, they said on Monday.

Editor’s Notebook: Big Early Win for Northwest Capacity

(P&GJ) — The venerable Gas Transmission Northwest pipeline system, which runs from the Canadian border to California, appears headed toward an important regulatory victory in the effort to increase its capacity by about 150 MMcf/d.

416-Mile Coastal GasLink Pipeline Project Nears Completion

(P&GJ) — Pipeline operator TC Energy’s Coastal GasLink pipeline project is more than 80% completed overall, and more than 77% of the construction is finished, according to a company construction update.

Uganda to Announce Oil Blocks Licensing Round in May

Uganda said on Friday it plans to announce a third oil licensing round in May in an effort to further develop a sector on track to produce its first oil in 2025. The country is also developing a crude export pipeline and a domestic crude refinery that will help to commercialize the country's oil resources.

Tallgrass Completes Ruby Pipeline Acquisition, Adds 682 Miles of Infrastructure to Portfolio

(P&GJ) — Tallgrass announced the successful completion of its acquisition of Kinder Morgan and Pembina’s Ruby Pipeline. The acquisition extends Tallgrass’ reach to west coast markets and adds 683 miles of modern 42-inch pipeline infrastructure capable of moving 1.5 Bcf/d to the company’s extensive asset base.

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.

NextDecade Signs 15-Year LNG Supply Deal with Japan's Itochu Corp.

NextDecade Corp. said on Thursday it will supply 1 million metric tonnes of LNG per annum to Japan's Itochu Corp. for 15 years from its Rio Grande LNG export project in Brownsville, Texas.

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.

Uganda Approves Construction for 898-Mile Crude Pipeline Costing $3.5 Billion

Uganda has approved an application by a company controlled by France's TotalEnergies to construct a $3.5 billion oil pipeline spanning 1,445 km (roughly 898 miles) that will transport the country's crude to international markets.

Chinese Oil Major CNOOC Wins Ruling Against Canada's Pembina Pipeline

Canada's Pembina Pipeline Corp. unjustly discriminated against Chinese oil major CNOOC Ltd. by refusing access to storage facilities in Edmonton, Alberta, the Canada Energy Regulator has ruled. The Edmonton terminal is part of the TransMountain pipeline system and is fed by 20 feeder pipelines coming from different parts of Alberta.

Russian Gas Exports to Europe Plunge 22% in January - Reuters

Daily pipeline gas exports by Kremlin-controlled energy giant Gazprom to Europe fell 22% in the first half of January compared with December amid milder than usual weather, Reuters calculations show.

Gas Starts Flowing to Freeport LNG Export Plant in Texas

Freeport LNG's long-shut LNG export plant on the Texas Gulf Coast started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data.

Germany Must Speed Up Hydrogen Plans – Pipeline Group OGE

Germany must accelerate a hydrogen law revision, which is pending in Berlin, to allow for related investments in gas transport networks up to the end of the decade, said the head of gas pipeline operator, Open Grid Europe (OGE).

Pipeline Operator Kinder Morgan Beats Profit Estimates; CEO to Step Down

U.S. pipeline operator Kinder Morgan on Wednesday announced fourth-quarter earnings of $1.4 billion, topping analysts' estimates, and said long-time CEO Steve Kean will step down after eight years in the role.

Wintershall Dea to Leave Russia, Causing $8 Billion Loss at Parent BASF

Chemicals giant BASF on Tuesday unveiled a $7.9 billion non-cash impairment on Wintershall Dea, after the oil and gas exploration joint venture decided to exit Russia following its invasion of Ukraine.

Bulgaria Looking to Revive 186-Mile Trans-Balkan Pipeline Project

Sofia, the capital of Bulgaria, is holding talks with neighboring Greece to build the 300-km (186-mile) trans-Balkan pipeline to transport crude oil from the Greek port of Alexandroupolis on the Aegean Sea to Bulgaria's Black Sea port of Burgas in an effort to secure non-Russian oil.