Natural Gas

Bulgartransgaz Offered Over $600 Million to Complete TurkStream Expansion

Bulgaria's state-owned Bulgartransgaz said it has received offers totaling more than $600 million to help complete an expansion of the TurkStream gas pipeline.

U.S. Crude, Natural Gas Demand to Fall in 2020, Oil Decline Less than Forecast — EIA

New data released from the U.S. Energy Information Association forecasts a decline in domestic oil and natural gas production for 2020 with the decline in oil production to be less than previously forecast.

Russian Vessel Able to Complete Nord Stream 2 Pipeline Departs from German Port

A Russian vessel that has the capabilities needed to complete the Nord Stream 2 pipeline has left the project's staging area in Germany where it was docked.

End of an Era? Series of Setbacks Bode ill for Big Pipeline Projects

A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.

China Hires Morgan Stanley, Goldman Sachs to Advise on Pipeline Asset Transfers — Sources

China has hired Morgan Stanley and Goldman Sachs to advise the country's top energy firms on multi-billion dollar deals transferring oil and natural gas pipeline assets to a new national energy infrastructure company.

Pipeline Shutdown Adds to Record Decline in U.S. Natural Gas Output

Unplanned maintenance on TC Energy's Mountaineer Xpress Pipeline helped push U.S. natural gas output on Tuesday towards its lowest point since September 2018.

U.S. Energy Dept. Approves Jordan Cove LNG Exports

The U.S. Department of Energy has approved LNG exports from the proposed Jordan Cove LNG project in Oregon, the first on the country's West Coast.

Denmark Gives Nord Stream 2 Nod to Restart Pipeline Work

Denmark has given approval for the Nord Stream 2 pipeline to use pipelaying vessels with anchors to complete work on the natural gas pipeline in Danish waters.

Developers Cancel Long-Delayed Atlantic Coast Pipeline

The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation.

Equinor Plans UK Project to Produce Hydrogen from Natural Gas

Equinor is leading a project to build a plant in Britain that will produce hydrogen from natural gas in combination with carbon capture and storage, with pipelines to transport hydrogen for use by multiple industry and power customers.

Brazil's Petrobras Considers Offshore LNG Units for Pre-Salt Gas

Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said.

BP Closes Part of Alaska Sale to Hilcorp; Pipeline Under Review

BP announced it has closed part of its planned $5.6 billion sale of Alaskan assets and operations to Hilcorp, but its stake in Trans Alaska Pipeline is still under regulatory review.

NiSource to Pay $56 Million to Resolve Gas Blasts Probe

NiSource Inc will pay $56 million to resolve a probe into Massachusetts gas explosions in 2018 linked to a utility it owns that killed one person and destroyed multiple buildings, the state's attorney general said.

Petrobras Enters Binding Phase in Sale of 10% Stake in NTS Gas Pipeline

Brazil's state oil firm Petrobras has begun the binding phase in the sale process of its 10% remaining stake in gas pipeline firm Nova Transportadora do Sudeste SA (NTS), it said in a securities filing on Friday.

India to Simplify Gas Pipeline Tariff to Boost Demand

India's oil minister announced the country is planning to simplify its gas pipeline tariff structure in order to attract further investment into the nation's gas infrastructure.

Align Midstream Partners Completes TOPS Pipeline

Align Midstream Partners has announced the completion of its TOPS Pipeline and the formation of a joint venture in the pipeline with Sabine Oil & Gas.

Alaska Officials Approve BP's Sale of Pipeline, Oil Leases to Hilcorp

Alaskan energy officials on Monday approved the sale of BP's pipeline and oil and gas assets to Hilcorp Energy as part of a previously announced multi-billion dollar deal.

Chesapeake Asks to Cancel Pipeline Contracts Amid Bankruptcy Filing

Chesapeake Energy is looking to cancel more than $300 million worth of pipeline contracts as part of its Chapter 11 bankruptcy proceedings.

Chesapeake Energy Bankruptcy Delivers Hit to Reeling Pipeline, Service Firms

A bankruptcy filing by Chesapeake Energy will deliver a hard blow to pipeline and service companies already struggling from the collapse in energy demand brought on by the coronavirus pandemic.

Sasol to Sell Stakes in Mozambique Pipeline, Power Plant — Sources

According to two sources, Sasol is looking to sell its stakes in a Mozambique pipeline as well as a power plant in the country.

Investors Raise $7.96 Billion Loan for ADNOC Pipeline Deal

A group of investors has signed a nearly $8 billion loan to help finance a $10 billion gas pipeline investment with the state-owned Abu Dhabi National Oil Company.

U.S. Gas Deliveries for LNG Export Fall by More than Half

Daily natural gas deliveries to U.S. facilities that produce LNG for export were a record 9.8 Bcf/d in late March 2020, but deliveries fell to less than 4 Bcf/d in June.

Hungary, Gazprom Agree to Long-Term Gas Supply Deal

Hungary and Russian gas giant Gazprom have agreed to a flexible, 15-year gas supply deal that gives the central European country the ability to renegotiate or cancel the deal if alternative supply methods become available.

ADNOC Signs $10 Billion Gas Pipeline Deal

ADNOC has signed a $10 billion investment deal with a consortium of investors for a stake in its natural gas pipeline assets.

API’s May Data Report Shows Signs of Industry Recovery

New data from the American Petroleum Institue (API) during the month of May shows the U.S. energy market may be headed for a swift recovery.

Williams to Handle Gathering, Production for Taggart

Williams announced a tieback agreement with LLOG Exploration Offshore to provide oil and gas gathering and production services for the Taggart development in the Gulf of Mexico.

Russia's Gazprom Seeks to Retroactively Raise Price of Gas Sold to Poland

Russia's Gazprom is looking to retroactively raise the price of natural gas sold to Polish gas company PGNiG since 2017.

Austria's Verbund Bids for OMV's Stake in Gas Pipeline Operator

Austrian utility Verbund has made a binding offer for OMV’s 51% stake in gas pipeline operator Gas Connect Austria, it said on Monday.

India Steps up Bet on Gas With First Gas Trading Exchange

India on Monday launched its first natural gas trading exchange, as it continues efforts to reduce greenhouse gas emissions by expanding the share of gas in its energy mix.

LNG Recovery in Asia Depends on China, India Policies

The International Energy Agency (IEA) forecasts a gradual recovery in global natural gas demand in 2021-22, but the extent of that rebound depends on how committed China and India remain to their transitions from coal.