Business & Markets
Williams Adds 514 MMcf/d as Two Transco Expansions Enter Service in Southeast, Gulf Coast
Williams has placed two Transco pipeline expansion projects into service, adding 514 million cubic feet per day (MMcf/d) of natural gas capacity to meet growing demand in the Southeast and Gulf Coast regions.
Europe May Need $11 Billion in LNG to Refill Gas Storage
Europe may need up to 250 LNG cargoes costing $11 billion to refill gas storage ahead of winter, as colder weather, reduced pipeline flows, and Ukrainian supply needs drive demand. Analysts warn storage targets may not be met without market incentives.
Global News April 2025
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
Brookfield Nears $9 Billion-Plus Deal for Colonial Pipeline, Sources Say
Brookfield Asset Management is nearing a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation network, for more than $9 billion including debt, sources say. A formal announcement could come within weeks.
U.S. Gas Prices Climb 5% Amid Record LNG Flows, Forecast Changes
U.S. natural gas prices rose 5% to a two-week high as record LNG exports and cooler forecasts boosted demand expectations. May futures climbed to $4.248 per MMBtu, with the U.S. maintaining its lead as the world’s top LNG supplier.
Fluxys Begins Construction on Belgium’s First Hydrogen Pipeline Network
Fluxys has begun construction on the first phase of Belgium’s hydrogen pipeline network, marking a key milestone in the country’s push toward a low-carbon economy.
WhiteHawk Energy Doubles Marcellus Gas Royalties with $118 Million Deal
WhiteHawk Energy has closed a $118 million acquisition that doubles its mineral and royalty interests across 475,000 gross unit acres in Pennsylvania’s Marcellus Shale.
India’s LPG Fleet Grows as BW LPG Sells Two Carriers for $150 Million
BW LPG Limited has signed a Memorandum of Agreement to sell two Very Large Gas Carriers (VLGCs) — the BW Pampero and BW Chinook — to BW LPG India, its joint venture with Global United Shipping.
Angry at Putin, Trump Warns of Tariffs on Russian Oil Imports
President Trump threatened secondary tariffs on Russian oil buyers if Moscow blocks efforts to end the war in Ukraine, expressing anger at Putin and warning of further trade penalties. The move could impact major importers like India and China.
Sempra to Sell Gas Assets in Mexico, Trim Infrastructure Stake
Sempra will sell its Ecogas Mexico business and a minority stake in Sempra Infrastructure to help fund a $56 billion capital plan focused on utility investments in Texas and California, with transactions expected over the next 12 to 18 months.
Spotlight on Africa: Constraints Hamper Progress of LNG Export Project Plan
Civil society opposition and tightening global climate finance policies are slowing Africa’s LNG export ambitions. From Mozambique to Nigeria, major projects face delays amid human rights concerns, investor scrutiny, and calls for stricter decarbonization efforts.
DOE Funding Cuts Could Derail Carbon Removal Projects in Texas, Louisiana
The U.S. Department of Energy is reviewing whether to cut funding to two major carbon removal hubs in Texas and Louisiana. The projects, launched under the Biden administration, could lose hundreds of millions in grants amid shifting policy priorities.
FERC Issues Preliminary Environmental Backing for Rio Grande LNG
The Federal Energy Regulatory Commission has issued a preliminary environmental report for NextDecade’s Rio Grande LNG project in Texas, following a court order to reassess community impacts. The public comment period runs through May 19.
BP Approves New Gas Project in Trinidad to Aid Atlantic LNG Output
BP has approved its Ginger gas development offshore Trinidad and Tobago, part of a renewed focus on natural gas to support the country’s Atlantic LNG facility. Production is expected to begin in 2027, with peak output reaching 62,000 barrels of oil equivalent per day.
U.S. Gas Firms Refocus on Haynesville as Trump Greenlights LNG Projects
Natural gas producers and investors are refocusing on Louisiana’s Haynesville Basin amid rising demand and new LNG export approvals under President Trump. With global buyers watching closely, the basin is drawing renewed drilling and infrastructure interest.
India May Scrap U.S. LNG Import Tax to Boost Trade, Sources Say
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.
China's Rongsheng Expands to Canada, Taps Suncor for Crude Supply
China's Rongsheng Petrochemical, a major independent refiner, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy, trade sources said.
Glenfarne Named Lead Developer of Alaska LNG, Targets FID on 807-Mile Pipeline
The move marks a major step forward for the long-planned pipeline and export terminal, with a final investment decision expected in 2025.
1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
Hope Gas’ proposal to abandon over 1,000 miles of pipeline across more than 20 West Virginia counties is drawing sharp criticism from local producers, who say the move could cut off access to critical infrastructure and threaten small well operations.
Baker Hughes to Provide Coiled-Tubing Drilling for Dubai Gas Storage Project
The agreement expands Baker Hughes' role in the Margham project. The company is already supplying its Integrated Compressor Line (ICL) units for gas storage, injection, and export.
Czechs to Phase Out Russian Oil as TAL Pipeline Expansion Goes Live
The Czech Republic will begin importing all crude oil through the expanded TAL pipeline starting in April, following the suspension of Russian supplies via the Druzhba pipeline. The move marks a key step in the country's energy independence from Russian oil.
Serbia Risks Oil Import Cut Off as U.S. Sanctions Deadline Nears
Serbia risks losing access to vital oil imports from Friday as discussions to prevent the imposition of U.S. sanctions on the country's sole oil refinery have failed, President Aleksandar Vucic said in a published interview.
New Fortress to Sell Jamaica LNG Assets to Excelerate for $1.1 Billion
Included in the deal are NFE’s LNG import terminal in Montego Bay, its offshore floating storage and regasification unit (FSRU) in Old Harbour, and a 150-megawatt combined heat and power plant in Clarendon, along with associated infrastructure.
Ironwood III Launches with Kayne Anderson Backing, Acquires Eagle Ford Gathering System
The newly formed company has acquired a crude oil gathering system spanning Atascosa, Frio, La Salle, and McMullen counties in South Texas.
Gas Prices Edge Up on Strong LNG Demand, Waha Prices Fall Below Zero Again
U.S. natural gas prices rose slightly this week as LNG exports hit a new record and demand forecasts improved. Meanwhile, pipeline constraints in the Permian Basin pushed Waha Hub prices below zero for the second time this month, highlighting ongoing takeaway issues amid surging associated gas output.
Oil Loading Slows at Venezuela's Ports Amid U.S. Tariffs, License Termination, Data Shows
Oil exports from Venezuela are slowing as new U.S. tariffs disrupt trade and Chevron begins winding down operations in the country. Tanker data shows growing congestion at key ports as uncertainty over the tariff’s impact stalls shipments to major buyers like China.
Aramco JV to Develop Blue Hydrogen Network, Support CCS in Saudi Arabia
Aramco has completed the acquisition of a 50% equity stake in the Blue Hydrogen Industrial Gases Company (BHIG), a joint venture with Air Products Qudra aimed at producing low-carbon hydrogen in Jubail Industrial City.
EACOP Secures First Tranche of Funding for $5 Billion Uganda-Tanzania Pipeline
The company developing Uganda’s EACOP crude pipeline has closed the first allocation of external financing from a syndicate of institutions including commercial banks and Afreximbank, a statement from EACOP said on Wednesday.
Australia Looks to Development More Gas Pipelines Infrastructure
The Australian government plans to continue the active development of the domestic gas pipelines infrastructure within the next couple of decades despite the protests of local environmentalists, who expect a sharp drop of demand for natural gas in the country already in the middle term.
Venture Global Seeks FERC OK to Start Calcasieu Pass Operations, TransCameron Pipeline
U.S. LNG developer Venture Global Inc. has asked federal regulators for permission to begin operations of its entire Calcasieu Pass LNG export facility and TransCameron pipeline project, the final step before moving to commercial operations, according to a filing on Tuesday.
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Diversified Energy Closes $42 Million Summit Natural Resources Acquisition
- New Alternatives for Noise Reduction in Gas Pipelines
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
- Woodside May Delay Final Investment Decision on Louisiana LNG to Q2, CEO Says
