Regions

Global LNG: Asian Prices fall amid low liquidity

Asian spot prices for liquefied natural gas (LNG) slipped this week amid thin trading due to Christmas holidays.

Gazprom Pays $2.9 Billion to Ukraine's Naftogaz

Russian gas giant Gazprom announced Friday that it has paid US$2.9 billion to Ukraine's state-owned gas company, Naftogaz, in accordance with a ruling made by the Arbitration Institute of the Stockholm Chamber of Commerce.

Fed Survey: Permian Flaring Hits Record; Service Firms Bearish on 2020

The Federal Reserve Bank of Dallas said in its quarterly energy survey that natural gas flaring and venting reached a record high. It also said about half of oil field service firms plan to cut spending in 2020.

French Protests Disrupt Output at Total's Grandpuits Refinery

Total's Grandpuits refinery near Paris is producing at a reduced rate after the CGT union voted to halt output as part of nationwide protests against a pensions reforms, the French energy company said.

Putin says Russia has Vessel to Build Nord Stream 2

President Vladimir Putin said Russia has a pipe-laying vessel to complete the construction of the Nord Stream 2 gas pipeline to Germany, the Kommersant daily newspaper reported, following sanctions imposed by Washington.

US Consumed Record Energy in 2018; Gas Up 10%

Primary energy consumption in the United States reached a record high of 101.3 quadrillion Btu in 2018, up 4% from 2017 and 0.3% above the previous record set in 2007, according to updated statistics from the U.S. Energy Information Administration. It was the largest increase in both absolute and percentage terms since 2010.

French Strike has Little Apparent Impact on Pipelines, Yet

France's hardline CGT trade union has rejected pleas for a Christmas truce and has vowed to intensify a nationwide strike to try to force the government to drop its plan to reform the country's pensions system. Here is how the strike is impacting the sector.

Russia to Retaliate for US Sanctions Against Nord Stream 2

The Russian government has vowed to retaliate against U.S. sanctions on a new Russia-Germany pipeline, work on which was suspended on Saturday.

North American Trade Deal Limits Changes to Mexico’s Energy Policies

Under the United States-Mexico-Canada Agreement (USMCA), Mexican President Andrés Manuel López Obrador would not be able to roll back the 2013 reforms to the country’s energy law permitting foreign investment in the industry, according to a report from the Center for the United States and Mexico at Rice University’s Baker Institute for Public Policy.

Europe’s Gas Distribution in Need of Evolution

Europe is in transition toward a low-carbon economy in which fossil fuels’ share of the energy mix is projected to fall in coming years, but import of natural gas are expected to rise. This means that Europe’s distribution network capacity will have to be improved.

EPA Recommends Alternative for Alaska’s Cook Inlet Pipeline Crossing

Filings from federal, state and municipal agencies, environmental and business groups and the public piled in on the last two days for comment on the Alaska LNG project’s draft environmental impact statement.

Launch of ACFTA and Africa’s Pipeline Industry

The African Continental Free Trade Area (ACFTA), was launched to serve as a catalyst for the manufacturing and trade in pipeline industry-related products to support regional demand and encourage growth.

Cyprus, Greece, Israel to Sign EastMed Pipeline Deal on Jan. 2

The leaders of Cyprus, Greece and Israel plan to sign an agreement early in the new year for the building of the eastern Mediterranean natural gas pipeline, the Greek prime minister’s office announced Sunday.

Japan's LNG Demand to Rise During Reactor Upgrades

Japanese utilities face hundreds of millions of dollars in extra fuel costs in 2020 as they buy in extra LNG and coal while nearly half the country's working nuclear reactors go off-line for government-ordered security upgrades.

Egypt to Begin Gas Imports from Israel by Mid-Jan 2020

Egypt will begin importing natural gas from Israel by mid-January 2020, Israeli Energy Minister Yuval Steinitz told Israel Radio on Sunday.

No doubt of Nord Stream 2 Completion, but Later at Higher Cost

Russian and German officials say sanctions will add time and cost to construction of the Nord Stream 2 pipeline between their two countries, but alternatives are available for completion by in 2020.

Nord Stream 2 Says 100 Miles of Pipeline Left to Lay to Europe

The consortium behind Nord Stream 2 said on Monday that about 160 km (100 miles) of gas pipeline still needed to be laid, after a major contractor suspended work last week due to U.S. sanctions.

Syria says Possible Drone Attacks Hit 3 Oil, Gas Facilities

Near-simultaneous attacks believed to have been carried out by drones hit three government-run oil and gas installations in central Syria, state TV and the Oil Ministry said Saturday.

U.S. Sanctions Halt Allseas Work on Nord Stream 2

Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Friday.

Turkey Threatens Retaliation Against Possible U.S. Pipeline Sanctions

Turkish President Tayyip Erdogan was quoted as saying on Friday that Ankara would retaliate against potential U.S. sanctions over its purchase of Russian defense systems and the TurkStream gas pipeline.

First Pipe Segments Delivered for Canada's Coastal GasLink Project

TC Energy said the first segments of pipe for its Coastal GasLink pipeline project have been delivered to storage sites in Kitimat and Chetwynd, British Columbia, in anticipation of construction ramp-up next year for the 416-mile (670-km) project.

TC Energy Files to Reduce Toll on Canadian Mainline Pipeline

TC Energy Corp said on Friday its unit has reached a settlement with customers to reduce toll on the western part of its Canadian Mainline pipeline, making it cheaper to transport gas, and asked the Canada Energy Regulator for its approval.

Russia, Ukraine, EU Agree 'In Principle' on New Gas Deal

Russia, Ukraine and the European Commission, after hours-long talks on Thursday, agreed in principle on a new gas deal starting after Jan 1, 2020, European Commission Vice President Maros Sefcovic told a briefing.

FERC Rules Clean Energy Sources Must Pay Higher Market Price

The U.S. Federal Energy Regulatory Commission on Thursday directed the largest U.S. power grid operator to force state-subsidized solar and wind electricity providers to raise prices, a move that opponents called a partisan attempt to protect fossil fuels.

Oil Patch Woes: Amid Downturn, Alberta Rages at Canada's Trudeau

A shortage of pipelines, shut-in wells, slumping prices, oilfield layoffs, and strained local food banks. The root causes of Alberta's problems are uniquely Canadian, and their blame of Liberal Prime Minister Justin Trudeau is fueling a Western separatist movement dubbed #Wexit.

New England Power and Gas Prices Spike During Cold Snap

Natural gas and power prices in New England spiked to their highest since last winter as a cold snap froze the six-state region. Next-day gas prices for Thursday jumped almost 25% to $14.50 per mmBtu, their highest since January, for a second day in a row.

Russia's Putin Says Moscow Plans to Keep Gas Transit Via Ukraine

Russian President Vladimir Putin said on Thursday that Moscow planned to keep gas transit via Ukraine irrespective of a number of gas pipelines Moscow currently builds to bypass its ex-Soviet neighbor.

Leviathan Gas Field to Start Up Monday; Court Lifts Injunction

Israel's energy ministry gave its final approval for the start of production at the giant Leviathan gas field and said the wells will open early on Monday after a court lifted a temporary injunction granted over environmental concerns.

Orsted Divests LNG Business to Glencore

Danish energy group Orsted said on Wednesday it has agreed to divest its liquefied natural gas business to trading house Glencore.

Court Delays Decision on Trans Mountain Pipeline Challenge

A panel of Canadian appeals court judges withheld their decision on a challenge to Trans Mountain pipeline Wednesday, saying they need more time to make a decision after a three-day hearing.