Processing/LNG
Unable to Process Venezuela's Heavy Oil, Cuba Turns to Russia, Mexico
Cuba increasingly is turning to Russia and Mexico for oil to ease an acute shortage of diesel and gasoline and supplement dwindling supplies of Venezuelan crude and fuel, according to shipping data and sources.
Explainer: Can Joint Gas Buying Boost Europe's Energy Security?
The European Union opened a scheme this week for companies to jointly buy gas, aiming to secure supplies ahead of winter and avoid a repeat of last year's record-high energy prices.
Japan's Tokyo Gas Reports Record 2022/23 Profit on LNG Price Boost
Tokyo Gas on Wednesday reported its highest ever yearly net profit for the 2022/23 fiscal year amid record LNG prices but warned that next year's profit may drop because of projected lower city gas and electricity sales.
Eni Launches $5 Billion Gas Liquefaction Project in Congo Republic
Italian energy group Eni and Congo Republic's government on Tuesday launched a $5 billion gas liquefaction project expected to reach a production capacity of 3 million tonnes per year in 2025.
Dutch Government Confirms Plan to Halt Gas Production in Groningen
The Dutch government said on Tuesday that it will invest $24.24 billion in the earthquake-stricken Groningen region while confirming plans to halt gas production there no later than 2024.
Tellurian Receives US Approval for Driftwood Gas Pipelines
Liquefied natural gas developer Tellurian Inc. said on Monday the U.S. energy regulator had authorized Line 200 and Line 300 of its $1.4 billion Driftwood natural gas transmission pipeline project.
Delfin Signs 20-Year LNG Supply Deal with Hartree
(P&GJ) — Under the agreement, Delfin LNG will supply 0.6 MTPA on a free-on-board basis at the Delfin Deepwater Port, 40 nautical miles off the coast of Louisiana, to Hartree for a 20-year period.
US Energy Department Clamps Down on LNG Export Project Extensions
The U.S. Department of Energy on Friday announced it will change how it approves requests by companies to push back start dates for LNG export projects to get a better picture of true demand for the fuel.
CEO: Woodside's Stalled Browse LNG Project Still 'Very Attractive'
The estimated $13.8 billion Browse project to develop Australia's largest untapped gas resource has been bogged down for years by demand uncertainty and negotiations over a processing agreement.
Italy's Eni, Snam Offer Slovakia Gas Supply and Storage
Italy's energy group Eni and gas grid operator Snam on Thursday signed two agreements with Slovakia's biggest energy provider SPP for the supply and storage of gas and LNG.
Japan's Mitsui Buys US Gas Asset in 'Pragmatic Solution' for Energy Transition
Japan's Mitsui & Co. Ltd. has bought a 92% stake in an unconventional gas asset in Texas and plans to promote its gas business as a "pragmatic solution" for the energy transition, it said on Thursday.
Oilfield Firm Baker Hughes Beats Profit Estimate, Shares Rise
Baker Hughes Co. on Wednesday said it beat first-quarter profit estimates as rising oil prices boosted demand for its equipment and services, sending the oilfield firm's shares higher.
Spain's Tecnicas Reunidas, FCC to Build LNG Terminal Worth $1.1 Billion in Germany
Spanish companies Tecnicas Reunidas and FCC and Turkey's ENKA have won a contract to build an LNG regasification terminal in Germany worth about $1.09 billion, Tecnicas Reunidas said.
Norway Parliament Asks for CCS Alternative to Decarbonize Major LNG Plant
Norway's parliament on Tuesday told the government to consider an alternative way to cut carbon emissions at Western Europe's largest LNG plant, but stopped short of outright halting a controversial plan to use power from land.
Marathon Oil, Chevron Agree to Further Develop Equatorial Guinea Gas Mega Hub
(P&GJ) — Marathon Oil Corp. has signed an agreement with the Republic of Equatorial Guinea and Noble Energy E.G. Ltd, a Chevron company, to progress the next phases (Phases II and III) in the development of the Equatorial Guinea Regional Gas Mega Hub.
Regas Ship Arrives for Hong Kong's First LNG Import Terminal
The world's largest floating storage and regasification unit (FSRU) has arrived in Hong Kong to serve the city's first LNG import terminal, said CLP Power Hong Kong Ltd. and Hong Kong Electric Co. Ltd.
Biden Administration Greenlights LNG Exports from Alaska Project
The Biden administration on Thursday approved exports of LNG from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia. The project includes a proposed 807-mile (1,300-km) pipeline to move gas stranded in northern Alaska across the state.
Kinder Morgan Launches Expansion Open Season for SFPP Pipeline System
(P&GJ) — Kinder Morgan Inc. has announced the launch of a binding open season to solicit commitments to support a proposed expansion of a portion of its SFPP, L.P. (SFPP) pipeline system from El Paso, Texas, to Tucson, Arizona.
Poland Sets Exclusion Zone Around Swinoujscie LNG Terminal
Poland will introduce a temporary 200-meter exclusion zone around its Swinoujscie LNG terminal on Thursday, the interior minister said on Wednesday, citing concerns about Russian espionage.
China's Sinopec to Take Stake in Qatar's North Field LNG Project
The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with capacity of 8 million tonnes per year, a QatarEnergy statement said.
Hungary Agrees on Option for More Russian Gas Shipments, Oil Transit Fees
Hungary's foreign minister said on Tuesday that Russian energy giant Gazprom would maintain an option to supply additional gas to Hungary this year on top of the shipments agreed under a long-term deal.
G7 Climate Ministers Drop Language on Growing LNG Demand in Draft
Climate ministers of the Group of Seven countries have backtracked for now on earlier language touting growing future demand for LNG, instead noting there may be "considerable uncertainty" for consumption.
Energy Trader Gunvor Posts Record $2.36 Billion Net Profit in 2022
Gunvor's rivals also had a bumper year amid high price volatility and as Russia's war in Ukraine reshaped global commodity flows, with Vitol and Mercuria previously posting record net profits of $15 billion and $2.98 billion, respectively.
Shell Sees Stronger LNG Volumes and Oil Product Performance in Q1
Shell, which recorded a record $40 billion profit last year, said in an update ahead of results due on May 4 that it expected first-quarter liquefaction volumes of 7 to 7.4 million tonnes, up from 6.8 million tonnes in the previous quarter.
Tellurian to Sell Land for $1 Billion and Lease Back for Driftwood LNG Project
U.S. LNG developer Tellurian Inc. has entered into an agreement with an institutional investor to sell 800 acres of land in Louisiana for $1 billion, a regulatory filing by the company showed on Thursday.
QatarEnergy Awards LNG Contract to Baker Hughes for North Field South Gas Project
(P&GJ) — Baker Hughes has been awarded a contract from QatarEnergy to supply two main refrigerant compressors for the North Field South project, which will be executed by Qatargas. The project will boost Qatar’s LNG production capacity from 110 million to 126 million tons by 2027.
Technip Energies Bags LNG Contract Valued at $273 Million
(P&GJ) — Shaanxi LNG Reserves & Logistics Co. Ltd. has given Technip Energies a large contract for the 3 million normal cubic meter per day Xi'An LNG Emergency Reserve & Peak Regulation Project in China. The deal is valued between $54.53 million and $272.67 million.
US LNG Exports Back on Rising Track, Reached Record in March
U.S. producers of LNG last month regained momentum as the country's second-largest exporter Freeport LNG ramped up output, sending total shipments to an all-time record of 7.73 million tonnes, data showed on Monday.
Philippines Set to Receive First-Ever LNG Cargo for Power Generation
The Philippines has bought its first-ever LNG cargo, which will be delivered this month, bound for a new terminal that will fuel a 1,200-megawatt power plant, global energy trader Vitol said on Monday.
China’s LNG Imports to Show Small Rebound in 2023
The import rebound could be smaller than some analysts anticipate because domestic gas production is rising strongly and the country has mostly completed its transition to natural gas for urban residents.
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
- Pipeline Hydro Test Pressure Determination
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Japan Looks at Developing Domestic Pipelines Sector
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
