Processing/LNG

Pipeline Explosion at PDVSA Facility in Venezuela’s Monagas Region Causes Injuries

A pipeline explosion at a natural gas complex in Venezuela’s eastern Monagas state has left several people injured, causing outages and halting operations. The blast, which resulted in a fire, damaged pipelines and equipment at the PDVSA-operated facility.

Trump Prepares to Withdraw from Paris Climate Agreement, NYT Reports

U.S. President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, end the LNG export pause, and revoke California's pollution waiver, according to the New York Times.

U.S. Natural Gas Prices Hit 25-Year Low at Henry Hub, Drop into Negative at Waha

U.S. natural gas prices plunged to a 25-year low at Henry Hub and into negative territory at Waha, driven by mild weather, low demand, and pipeline constraints.

Freeport LNG Sets New Gas-Processing Record After Plant Overhaul

Freeport LNG drew record natural gas volumes on several days this week, according to financial firm LSEG, following completion of an overhaul that increased processing capacity.

Angola LNG Weighs Adding Capacity as Gas Output Grows

Angola LNG is exploring expansion options, including a mini train addition, as new gas supplies from Chevron and the New Gas Consortium are expected to bring the plant to full capacity in the coming year.

NuVista Energy to Supply Trafigura with Natural Gas in 13-Year Deal

NuVista Energy has signed a 13-year natural gas offtake agreement with Trafigura, providing the Canadian producer exposure to international LNG market pricing through JKM indexing.

Trump Win Expected to Lift Barriers on U.S. LNG Export Projects, Say Developers

U.S. LNG developers anticipate accelerated project approvals following Donald Trump’s election, as his administration promises to streamline Department of Energy reviews. Companies like Energy Transfer and Commonwealth LNG expect this shift to fast-track multibillion-dollar export projects, while environmental groups vow continued opposition.

Exxon Targets First LNG from $30 Billion Mozambique Project by 2030

Exxon Mobil projects the first LNG output from its $30 billion Mozambique project by 2030, with early site work slated to begin next year. The final investment decision is expected in 2026.

ADNOC L&S Signs $4.4 Billion Deal for 23 LNG, Ethane, and Ammonia Supertankers

ADNOC Logistics & Services signed contracts worth $4.4 billion to build 23 supertankers, primarily focused on LNG, with additional vessels for ethane and ammonia. These contracts with Chinese and Korean shipyards bolster ADNOC’s low-carbon energy shipping capacity.

TC Energy's Profit Surpasses Estimates, Driven by U.S. Gas Pipeline Demand

TC Energy exceeded third-quarter profit forecasts, with significant growth from its U.S. natural gas pipeline segment amid rising North American energy demand. The company continues to benefit from high natural gas consumption and record U.S. imports of Canadian oil.

Williams Companies Exceeds Q3 Profit Estimates on Higher Revenue, Boost from Transco Pipeline

Williams Companies surpassed third-quarter profit forecasts with strong service revenue and increased natural gas flows, especially from its Transco pipeline. The company raised its annual profit outlook, citing demand from data center growth and industrial re-shoring projects.

EU Explores LNG Imports From U.S. to Counter Trump’s Tariff Threat, Boost Trade Balance

The European Union is considering increasing LNG imports from the U.S. to ease trade tensions with a potential second term for Donald Trump, as Brussels braces for new tariffs. This move is seen as a way to address the trade deficit while diversifying energy sources in the wake of geopolitical instability.

Sempra's Port Arthur LNG Phase 2 Progressing Faster Than Cameron LNG Expansion, CFO Says

The Texas-based Port Arthur project benefits from a continuous construction agreement with Bechtel and is on track to receive its non-FTA export permit early next year. Meanwhile, the timing for financial approval of the Cameron expansion remains uncertain.

Federal Regulators Approve Venture Global to Introduce Natural Gas at Louisiana LNG Plant

Federal regulators have granted Venture Global permission to introduce natural gas into its Plaquemines LNG plant in Louisiana, bringing the facility closer to producing liquefied natural gas (LNG) and strengthening U.S. LNG export capacity.

Sempra Misses Profit Estimates on LNG Expenses; Gasoducto Rosarito Pipeline Nears Commercial Launch

Sempra’s third-quarter profit fell short due to rising LNG-related costs and lower utility earnings. Despite this, the Gasoducto Rosarito Pipeline remains on track for commercial operation, supporting Sempra's LNG export ambitions.

New Fortress Energy Seeks Partners to Boost Liquidity, Financial Flexibility

New Fortress Energy is exploring partnerships for its core businesses to improve liquidity and financial flexibility as it targets growth in Latin American LNG demand.

Exxon Mobil to Sell Argentina's Vaca Muerta Assets to Pluspetrol

Exxon Mobil has agreed to sell its oil and gas assets in Argentina's Vaca Muerta shale formation to Pluspetrol, including five blocks in Neuquen province and its stake in pipeline operator Oldelval.

Snam CEO Praises EU Approval of Adriatic LNG Acquisition

Snam CEO Stefano Venier welcomed the European Commission's approval of the Adriatic LNG acquisition, a deal that will bolster Italy's energy security. Snam and VTTI now hold stakes in the terminal, crucial for Italy's LNG supply as the country shifts away from Russian gas.

Freeport LNG Reports Temporary Shutdown at Texas Facility Due to Power Fluctuation

Freeport LNG reported on Monday that three LNG processing trains at its Quintana, Texas, facility were back online after temporary outages that began on Friday because of a power feed interruption.

Glenfarne Chooses Kiewit for Texas LNG Export Terminal Construction

Glenfarne Group has selected Kiewit as the construction contractor for its Texas LNG export terminal in Brownsville. The facility aims to process 0.5 Bcf/d of natural gas, targeting commercial operations by 2028, with a possible extension to 2029.

Britain's Centrica Secures 10-Year U.S. Gas Deal with Coterra to Bolster LNG Portfolio

British utility Centrica and U.S. producer Coterra Energy have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's liquefied natural gas (LNG) portfolio.

Tokyo Gas in Talks to Acquire Stake in Woodside’s Louisiana LNG Project

Tokyo Gas is in talks with Woodside Energy to acquire a stake in the Louisiana LNG project, an ambitious U.S. Gulf Coast facility poised to convert U.S. shale gas into LNG for export. This potential investment aligns with Tokyo Gas’ strategy to secure long-term U.S. gas supplies.

Cheniere Boosts Annual Forecast as Corpus Christi LNG Project Nears Start

Cheniere Energy raised its annual profit forecast, citing strong demand for LNG and progress on its Corpus Christi expansion, expected to boost output by year-end. The top U.S. LNG exporter also reported increased third-quarter exports and higher spot prices in Asia, fueling its outlook for continued growth in global LNG markets.

Trump Victory Could Accelerate End of U.S. LNG Export Moratorium, Says Technip Energies

Technip Energies' CEO Arnaud Pieton suggested that a potential victory for Donald Trump in the upcoming presidential election could expedite the lifting of the U.S. moratorium on liquefied natural gas (LNG) exports.

Cheniere Sets Methane Emissions Target for LNG Facilities

Cheniere Energy Inc. has established a voluntary, measurement-informed Scope 1 annual methane intensity target for its liquefaction facilities. This target is part of the company's climate strategy and draws on data from its multi-scale emissions measurement and mitigation programs.

ONEOK’s Q3 Profit Surges 53% on Rocky Mountain NGL Demand; Annual Forecast Narrowed

ONEOK’s third-quarter profit rose 53%, driven by strong natural gas and NGL demand in the Rocky Mountain region. The pipeline operator narrowed its annual forecast, reflecting growth in its NGL and refined products segments and continued asset expansion.

U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say

U.S. liquefied natural gas (LNG) exports could face setbacks if Donald Trump wins the election and imposes a proposed 60% tariff on Chinese imports, analysts say. The move may lead to trade tensions and reduce demand for U.S. LNG from China, affecting export growth.

EQT Sells Remaining Pennsylvania Natural Gas Assets to Equinor for $1.25 Billion

EQT Corp. has agreed to sell its remaining Pennsylvania natural gas assets to Equinor for $1.25 billion, with proceeds aimed at reducing debt following its recent pipeline acquisition. The transaction also expands Equinor’s U.S. production footprint in the Marcellus shale.

Phillips 66 Q3 Profit Surges on Midstream and Chemicals Growth

Phillips 66 reported a third-quarter profit surge, driven by strong performance in its midstream and chemicals segments, which helped offset lower refining margins amid softer fuel demand.

Egypt and Eni Seek Moves to Support Gas Production

Egypt's president met with Eni CEO to discuss moves aimed at supporting gas production, after the African country was forced to turn to the liquefied natural gas (LNG) market to cover domestic demand.