Business & Markets
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.
Pipeline Operator Kinder Morgan Sees Tax Credits Speeding Up Clean Energy Investments
U.S. funding for clean energy projects will help energy pipeline operator Kinder Morgan accelerate its investments in renewable natural gas and carbon sequestration, executives said on Wednesday.
Supply Chain Woes Loom Large for Oil, Gas Sectors
(P&GJ) — In the fall of 2022, the Chicago-based Association for Supply Chain Management (ASCM) joined with the respected global accounting and consulting firm KPMG International to create an index for measuring the sustainability of the global supply chain, accompanied by a report that included some sobering conclusions. It summarized the past two years as producing a doubling of the stress level on global supply deliveries.
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.
Russia, Uzbekistan in Talks to Reverse Gas Pipeline
Russia and Uzbekistan plan to look into the possibility of arranging Russian natural gas shipments to the Central Asian nation via a pipeline that is currently used to pump it in the other direction, the Tashkent government said on Wednesday.
Value of Routing Studies for New Natural Gas Pipelines
(P&GJ) — When natural gas pipeline owners announce their preferred route for a new pipeline, permitting bodies and other stakeholders inevitably ask, “Why here?” By conducting a methodical routing study that produces data-driven and experience-tested route alternatives, owners obtain supporting data and documentation they can use to formulate a response and help obtain buy-in.
Supply Chain Solutions for Natural Gas Leak Detection
(P&GJ) — Now more than ever, utilities, governments and pipeline companies are incentivized to secure their supplies of natural gas from production all the way to the meter. Leak detection and emissions reduction are critical components of an optimized natural gas distribution system.
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.
Energy Secretary Granholm Says Biden Would Veto House Republican Bill on Oil Reserve
President Joe Biden will veto a bill by U.S. House of Representatives Republicans on the Strategic Petroleum Reserve if it passes Congress, Energy Secretary Jennifer Granholm said on Monday.
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.
APGA Perspective: Policymakers Need to Incentivize Natural Gas Innovations
(P&GJ) — Energy security, affordability and efficiency remain top-of-mind for American consumers. As such, the role of natural gas in our country’s future energy mix has sparked continuous debate among voters and policymakers.
U.S. Department of Energy Rejects Initial Bids to Resupply Oil Stockpile
The U.S. Department of Energy has rejected the first batch of bids from oil companies to resupply a small amount of oil to the nation’s emergency crude oil stockpile in February, according to a DOE spokesperson.
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.
Chesapeake Selling Eagle Ford Assets for $1.4 Billion; Focusing on Gas-rich Marcellus, Haynesville
U.S. oil and gas exploration and production company Chesapeake Energy Corp. said on Wednesday it had agreed to sell part of its operations in south Texas to private equity-owned WildFire Energy for $1.43 billion in cash.
Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake
Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi LNG project with the country's upstream oil and gas regulator, officials said on Tuesday.
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.
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.
Former Gazprom Unit Sefe Has Secured Regasification Capacity at Dunkirk
German gas importer Sefe has secured 3.5 Bcm of regasification capacity in Dunkirk and is closing in on new LNG import deals, its boss said, mapping out the former Gazprom division's future strategy.
Osaka Gas Signs LNG Contract with New Operator of Russia's Sakhalin 2
Japanese natural gas distributor Osaka Gas Co. said on Tuesday it had signed a contract to continue purchasing 200,000 tonnes of LNG from a new operating company running Russia's Sakhalin 2 project.
- Methane Emissions Problem Requires Better Monitoring
- Czechs to Get Capacity Boost Through TAL Oil Pipeline
- Germany Plans 1,118-Mile Hydrogen Pipeline Network by 2027
- TC Energy’s Keystone Pipeline Shut After Oil Release into Kansas Creek
- Commodities Trader Trafigura Doubles Profit to Hit New Record in 2022
