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LNG Transportation

US DOE begins issuing orders on LNG export permits that are pending

After releasing its final report on the effects of future exports, the U.S. Department of Energy said it would begin to approve or reject pending permits for liquefied gas exports. In 2024, the administration of U.S. president Joe Biden halted any approvals of LNG exports pending the results of a study that would determine whether increasing LNG exports might harm the environment or increase gas prices due to a higher demand for gas from LNG plants. The U.S. is the largest LNG exporter in the world. Triple your export capacity The 2024 study confirms the knowledge that our nation has...

Transportation

US natgas at Waha hub, Texas, falls into negative territory

The U.S. Natural Gas Prices for Monday in West Texas' Permian Shale Basin turned negative due to spring pipeline maintenance. The financial firm LSEG reported that the average gas production in the Lower 48 U.S. States has fallen to 103.9 billion cubic feet per day so far in May. This is down from a record monthly output of 105.8 bcfd set in April. Spring maintenance was a part of the reason that some gas pipelines were reduced in output, including the 2.7-bcfd Permian Highway pipe from West Texas' Permian basin to Texas Gulf Coast. Kinder Morgan announced that it will...

Natural Gas Pipeline

Canadian Indigenous group buys $511 million stake in Enbridge Westcoast pipeline

Enbridge, a Canadian pipeline operator, sold a stake in the Westcoast Natural Gas System to a group of 36 First Nations. This was the first deal that included financing through a federal loan program designed to help Indigenous groups to own parts of resource project. Enbridge announced on Thursday that Stonlasec8 Indigenous Alliance would buy a 12.5% share in its Westcoast Pipeline for C$715,000,000 ($511.19million). The pipeline runs 2,900 km (1,802 mi) from the northeast of British Columbia to Canada-U.S. Border, with a daily capacity of 3.6 Billion cubic feet of gas. First Nations in Canada are buying more stakes...

Transportation

New Fortress Energy reports a quarterly loss due to weak performance across all segments

New Fortress Energy reported a loss for the first quarter of the year on Wednesday. The U.S. LNG company struggled to perform well across all its segments. This sent the shares plummeting nearly 19% during extended trading. Excelerate Energy purchased the company's assets and operations in Jamaica for $1.06billion. The New York company delayed its announcement of first-quarter results from Monday to allow it to complete the deal. Wes Edens, CEO of Excelerate, said: "The sale of our Jamaican assets is a milestone for our company. We are able to streamline our operations while paying down corporate debt by selling...

Natural Gas Pipeline

U.S. natural gas liquids exports reach record highs in April

Ship tracking data revealed that U.S. natural gas liquid exports reached a new record in April despite a trade dispute between the U.S. Recent trade developments have put at risk U.S. Exports of Natural Gas Liquids (NGLs), like ethane butane and propylene, which are used in the manufacture of plastics, chemicals, as well as heating and cooking. U.S. Exports have reached a new record every year since 2010, thanks to an abundance cheap shale gas. NGLs are the newest energy products caught up in the trade war between two of the largest economies. According to the U.S. government's statistical agency,...

Natural Gas Pipeline

Energy Transfer is nearing approval of the Lake Charles LNG Project

Energy Transfer, a U.S. pipeline firm, said on Tuesday that it was close to a decision on the Lake Charles liquefied gas project. A Japanese company who declined to be named had agreed on a purchase of 1 million metric tons of LNG at the proposed export facility. The Biden administration refused to extend Energy Transfer's export license to other countries than those with which the United States has free trade agreements. Lake Charles was therefore the first LNG project to be affected by this refusal. Former President Biden declared a ban on all new LNG export licenses pending the...

Natural Gas Pipeline

Alan Armstrong, the CEO of Williams, will step down from his position after 14 years.

Williams Companies announced on Monday that CEO Alan Armstrong would step down from his position after 14 years as the leader of the U.S. Pipeline Operator. Armstrong, who has been with Williams for nearly 40 years, will be replaced by Chad Zamarin. Zamarin is the current executive vice president for corporate strategic development. He joined the company as a new employee in 2017. Williams also beat its quarterly earnings expectations and increased its annual profit forecast on Monday, as it leaned on a rising demand for natural gases, which was driven by an increase in electricity consumption in homes and...

Transportation

ONEOK's first-quarter profits are marginally lower due to higher operating costs

ONEOK, the U.S. pipe-line operator, reported a marginal drop in its first-quarter profits on Tuesday. This was due to higher operating costs and divestments. In extended trading, shares were down 3.7% to $84.60. Operating costs for the first quarter of 2018 increased by 32%, to $752 millions. This was mainly due to higher employee expenses. Over the last two years the company has diversified its portfolio by acquiring assets, such as a Gulf Coast NGL pipe system from Easton Energy or Medallion Midstream or EnLink Midstream. ONEOK will begin transporting refined products, oil and other petroleum products in 2023 after...

Transportation

Morgan Stanley Infra Partners is reportedly looking to sell $2 billion worth of Permian Pipelines, according to sources

Morgan Stanley Infrastructure Partners has been exploring the possibility of selling its majority stake in Brazos Midstream II. The deal is expected to be valued at over $2 billion, including the debt, according to three sources familiar with the situation. Brazos transports natural gas, liquid natural gas and oil from wellheads in five Texas counties into larger pipelines located on the Delaware portion of Permian basin. The company owns infrastructure, including natural gas storage and compression capability. The people who spoke to us asked not to be named because they were private discussions. Investment bankers from Jefferies Financial Group have...

Transportation

Pipeline operator Kinder Morgan misses first-quarter profit estimates

Kinder Morgan, the U.S. operator of pipelines and terminals, narrowly missed Wall Street's expectations for its first-quarter profits on Wednesday. This was due to a decline in its pipeline products segment and increased costs. The energy industry is bracing for the impact of U.S. president Donald Trump's tariffs against most Canadian and Mexican imports. These include levies on imports of steel, "reciprocal tariffs" on other nations as well as falling oil prices. Kinder Morgan, however, left its profit forecasts unchanged because it continues to bet on a rise in the demand for natural gas. The terminal operator said that tariffs...

Natural Gas Pipeline

Energy Transfer asks for more time to construct Lake Charles LNG plant

Energy Transfer, a pipeline company that is developing an LNG export facility in Louisiana has asked federal regulators to extend by three years the deadline for the construction of the plant. Energy Transfer's Lake Charles Project is expected to benefit by President Donald Trump’s effort to unleash American Energy through support for oil, gas and LNG Exports. The United States has already become the largest LNG exporter in the world, and is a major supplier of natural gases to Europe. The refusal of the Biden administration to extend the license for Energy Transfer to export to other countries than those...

Natural Gas Pipeline

Energy Transfer signss deal with MidOcean to build LNG plant in Lake Charles, Louisiana

Energy Transfer, the U.S. pipeline company, announced on Wednesday that it had entered into a non-binding agreement to develop together with MidOcean Energy the Lake Charles LNG Export Facility in Louisiana. MidOcean is responsible for paying 30% of construction costs and will receive 30% of LNG production. This amounts to approximately 5.0 million metric tons per year (MTPA). Energy Transfer is both the developer and the operator of the facility. Energy Transfer must make the final investment decision before the agreement becomes binding. Energy Transfer has now finalized sales agreements as well as non-binding sales contracts for 16 millions metric...

Europe

Transportation

Austrian gas hub records higher trading volumes despite end of Russian flows

Austria's central hub for gas has seen increased trading volumes this year on its platform, as a result of the Russian gas flow halt through Ukraine. Since the Russian gas supply was halted, the virtual Central European Gas Hub has increased its intraregional role and is now handling more gas through Germany and Italy. Steiner said that it was a surprise to him that the removal of Russian gas transit through Slovakia had led to a greater level of liquidity at the Austrian hub. "We are a resilient hub for trading and transshipment." "The past...months have shown this." Austria re-exports...

Natural Gas Pipeline

Sources say that I Squared is eyeing a majority stake in the natgas pipeline Matterhorn.

I Squared Capital has been in discussions to purchase a majority stake of the Matterhorn Express Natural Gas Pipeline, according to sources familiar with the situation. The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, the people said. I Squared will buy its position from WhiteWater Midstream. WhiteWater owns 67.5% in Matterhorn. However, it is unclear whether I Squared was purchasing WhiteWater's whole position. EnLink Midstream (the other owner of Matterhorn), Devon Energy, and MPLX are also owners. The exact amount of ownership that I Squared acquired from the other owners is...

Natural Gas Pipeline

Bulgartransgaz: Bulgaria will increase its capacity to import gas to Greece by 50% in the next year

Bulgartransgaz, the gas transmission operator in Bulgaria, announced on Monday that Bulgaria would increase its capacity for importing gas from Greece to 8 billion cubic metres (bcm), or 50% per year. Bulgartransgaz has done its job. By the end of this calendar year, we will increase our entry capacity to Bulgaria by 50%. This will hopefully lead to an increase in total capacity between Greece and Bulgaria to 8 bcm/year very soon. The LNG will be available on the market from January 2026," Bulgartransgaz CEO Vladimir Malinov told the Budapest LNG Conference. Gas from Greek ports is supplied to Bulgaria...

Western Europe

Middle East

Natural Gas Pipeline

Morocco expresses interest in LNG terminal

Morocco, in an effort to diversify the energy sector that is heavily dependent on coal, made the first steps toward the location of a terminal for liquefied gas near the Mediterranean City of Nador. The Moroccan energy industry has expressed interest in the LNG terminal. Morocco is also pushing forward with a plan to increase renewable energy from 45% of installed capacity now to 52% by 2030. In a press release, the ministry announced that the terminal would be connected to an existing pipeline linking Morocco with Spain, as well as to industrial zones in Mohammedia, and Kenitra in the...

Natural Gas Pipeline

Minister: Morocco will begin the tendering process for LNG Terminal

Leila Benjamin, the Energy Minister, said that Morocco will issue a statement of interest within a few weeks for a terminal of liquefied gas near Nador in eastern Mediterranean. Benali informed members of the parliament that "this week we will launch a call for expressions of interest in developing the first phase" of the Nador natural gas terminal. Morocco is looking to natural gas as a way to diversify its energy sources and move away from coal. It also continues to push forward with its renewable energy plans, aiming to achieve 52% of the total installed capacity by 2030 from...

Natural Gas Pipeline

By 2027, a Pakistani consortium will begin production at ADNOC Block-5 offshore.

The CEO of Pakistan's Oil and Gas Development Company Limited said that the company expects to begin production in Abu Dhabi’s Offshore Block-5 before 2027. It also plans to increase domestic oil and natural gas output and diversify into minerals. OGDCL and Abu Dhabi National Oil Company (ADNOC), partnered in 2021, to explore and develop the oil and gas resources of the block. Ahmed Hayat Lak (Managing Director and CEO of OGDCL) said that the company is still evaluating the reserves, but believes production can start as early as 2027. Lak stated that the company aims to reach 50,000 barrels...

Natural Gas Pipeline

NextDecade signs a 20-year agreement with Aramco for the supply of LNG from Rio Grande.

NextDecade, a U.S. producer of liquefied gas, announced on Tuesday that it had signed a 20-year agreement with a Saudi Aramco subsidiary to supply supercooled gas from its Rio Grande plant. The Aramco subsidiary is expected to purchase 1.2 millions tonnes of LNG per year from Train 4 in Rio Grande, which will be its fourth liquefaction plant, if the final investment decision on the facility is positive. In declaring a state of energy emergency, President Donald Trump promised to unleash American power. This strategy includes a growth in LNG exports. In March, the country exported more than 9 millions...

Natural Gas Pipeline

US LNG exporters are looking to renegotiate contracts to cover rising costs

According to company statements and sources, several U.S. producers of LNG are trying to renegotiate with buyers higher prices due to rising construction, labor, and borrowing costs. The higher prices will reduce the competitiveness of U.S. LNG on the global markets, especially at a moment when President Donald Trump wants to expand this industry. Alex Munton is the director of Global Gas and LNG Research at Rapidan Energy Group. He said that "the competitiveness of U.S. Liquefied Natural Gas (LNG) could be affected by a double-whammy." Munton said that rising liquefaction prices, a tighter gas market at home, and declining...

Natural Gas Pipeline

China's Nov crude oil imports rebound on lower prices, stockpiling

China's petroleum imports jumped in November from a year earlier for the first annual growth in seven months, information showed on Tuesday, as lower prices of Middle East supplies and stockpiling need enhanced purchasing. The world's leading petroleum buyer took in 48.52 million metric heaps last month, information from the General Administration of Customs showed, up 14.3% from 42.45 million heaps a year previously and comparable to about 11.81 million barrels daily. Everyday typical imports are the highest because August 2023 and up from a low base in November 2023 of 10.33 million bpd. In spite of the rebound, year-to-date...

Natural Gas Pipeline

Oman's OQ Expedition and Production raises $2 bln in IPO

OQEP, the exploration and production organization of Oman's state oil group, has raised $2.03. billion from its going public (IPO) on the local. stock exchange, it stated on Thursday, in the Gulf nation's. greatest ever noting. OQEP, which is drifting around 2 billion shares equal to a. 25% stake, said in a statement the offering was priced at the. top of its a sign series of 370-390 baizas per share and was. oversubscribed by around 2.7 times, consisting of anchor financiers. The listing is part of a privatisation programme by. state-owned energy group OQ, which is assisting Oman - a...

Natural Gas Pipeline

Italy clears VTTI's acquisition of 70% in Adriatic LNG, sources state

Italy will not utilize unique powers developed to shield properties considered of tactical value for the country in relation to Vitolbacked VTTI's acquisition of Adriatic LNG, Italy's biggest melted gas terminal, 2 sources with knowledge of the matter said. The sources on Tuesday stated Italy had actually cleared the path for the offer to go through by choosing not to use its 'golden. powers' which permit the state to set conditions for an offer or. block it completely. Previously this year ExxonMobil and QatarEnergy agreed. to offer their stakes in the Adriatic LNG terminal, with VTTI. getting a 70% stake...

Natural Gas Pipeline

BlackRock-led investors in Aramco pipelines to raise $3 billion from bonds

BlackRockled financiers in Saudi Aramco's gas pipelines network will provide $3. billion of twotranche amortizing bonds to re-finance a loan utilized. to purchase a stake in the holding business in 2021, a bank file. with the last terms showed on Wednesday. The financiers had actually purchased a 49% stake in Aramco Gas Pipelines. Co in a $15.5 billion lease-and-leaseback arrangement. Bond earnings will be used to refinance the $13.4 billion. swing loan that backed the deal. Greensaif Pipelines Bidco, the company indirectly owned by. BlackRock and Hassana Financial investment Co, will raise $1.4 billion. from a tranche due in February...