Natural Gas Pipeline

The global investment firm KKR announced on Wednesday that it had acquired a minority stake in the entity which leases Abu Dhabi National Oil Company (ADNOC's) gas pipeline assets. Financial details were not disclosed. KKR and BlackRock had invested in ADNOC’s oil pipeline assets as early as 2019, acquiring a stake of 40%, which they sold last year. KKR will acquire the minority stake in ADNOC Gas Pipeline Assets via its managed accounts. The company stated that the long-term capital would match the type of investment and the tenure. ADNOC retains ownership of the pipelines and management. ADNOC, the United...

Ares Management announced on Monday that its infrastructure funds had purchased Meade Pipeline, a natural gas pipeline in the U.S. for approximately $1.1 billion. This acquisition adds a major asset to Ares Management's U.S. Energy business at a time when demand for gas and power is surging. The investment company buys it from affiliates XPLR Infrastructure - a leading independent energy producer founded by NextEra Energy. Ares has a greater stake in energy infrastructure, as investors and utilities look for reliable fuel supplies to support intermittent renewables. Steve Porto, partner of Ares Infrastructure Opportunities, said: "Driven largely by industrial activity,...

As part of its plan to increase its global presence on the liquefied gas market, U.S. oil giant Chevron has begun early-stage discussions to explore potential opportunities in European Regasification Terminals. Since the invasion of Ukraine by Russia in 2022, Europe has drastically reduced its Russian gas imports. Chevron has increased its LNG trading activities significantly. The company is under contract to export 7,000,000 tons of LNG per year from the U.S. beginning in 2026. Although not operating on the same scale as Shell or TotalEnergies yet, the company is still a major global energy firm. Freeman Shaheen is the...

The U.S. Natural Gas Prices for Monday in West Texas' Permian Shale Basin turned negative due to the fall pipeline maintenance. The financial company LSEG reported that the average gas production in the Lower 48 States has fallen to 107.6 bcfd so far in September. This is down from a monthly record of 108.3 bcfd set in August. The Waha Hub spot gas price has been boosted by traders who have noticed that the Permian Basin is flooded with gas due to the maintenance of the pipeline. The price of British thermal units (mmBtu), which was 6 cents on Friday,...

Two sources who have direct knowledge of this matter said that a group of investors, led by BlackRock’s Global Infrastructure Partners, is in discussions with lenders in order to secure financing of up to $10 billion for Aramco’s Jafurah deal. Two sources confirmed that JPMorgan, Japan's Sumitomo Mitsui Banking Corporation, and other banks are in discussions to take part in the transaction. This will allow Aramco the opportunity to receive cash up front in exchange for regular payments. They declined to name the individuals because it was not public information. Aramco BlackRock JPM and SMBC all declined to comment. Aramco...

New Fortress Energy, a U.S. LNG company, posted a larger loss for the second quarter on Friday as lower contributions from asset sales affected its performance. The New York-based firm reported a net profit of $556.8 millions, or $2.02 per common share, for the three months ending June 30. This compares to a $86.9million loss, or 44c per share, one year ago. NFE's revenue total fell from $428.8 million to $301.7 in the second quarter. The company's core adjusted earnings dropped to a loss $3.7 million, from a profit $120.2 million one year ago. New Fortress Energy's earnings were negatively...

Enbridge announced on Tuesday that it had reached a final decision on whether to proceed with the Algonquin Gas Transmission (AGT) Pipeline Expansion to take advantage of the increasing natural gas demand in America. Gas production is expected to rise in the U.S. despite a plateau in oil production. This will be to meet an increase in electricity demand and a boom in exports of liquefied gas. To meet the growing demand, U.S. Pipeline firms such as Kinder Morgan, Williams and Energy Transfer are investing billions of dollars to build hundreds and miles of new pipelines. This includes the Northeast....

The national gas transmission operator announced that Ukraine will increase its natural gas imports from 22 million cubic meters (mcm), which was the level on Sunday, to nearly 24 mcm by Monday. In recent weeks, Ukraine has imported about 22 mcm per day of gas. The country must store at least 13 billion cubic meters of gas underground for winter heating. Operator data indicated that Ukraine will increase its gas imports to Poland from 7,7 mcm Sunday, up to 10,4 mcm Monday. The country will also import gas in Hungary and Slovakia. Since Russian missile attacks this year, the domestic...

People familiar with the situation said that Harvest Midstream, which is owned by the founders of Hilcorp Energy and privately held, has reached an agreement to purchase natural gas gathering assets worth around $1 billion from MPLX. Houston-based Harvest has midstream assets across multiple oil and natural gas plays. This includes the Bakken Shale in North Dakota and Alaska. The company was founded by Jeff Hildebrand who is also the owner of Hilcorp, the largest private oil & gas company in the United States. According to the sources, Harvest will be able to expand into the Uinta shale basin, as...

WhiteWater announced on Monday that it and its partners had reached an investment decision for the Eiger express pipeline. The Eiger express pipeline is designed to carry up to 2.5 billion cubic foot per day (Bcfpd), of natural gas, through 450 miles of 42 inch pipe from the Permian basin to the Katy region in Texas. WhiteWater, MPLX LP and ONEOK, as well as Enbridge and WhiteWater, via their Matterhorn joint-venture, made the decision to proceed after securing enough transportation agreements with primarily investment-grade shippers. Midstream companies usually make a final decision about projects after they have secured sufficient supply...

Analysts predict that U.S. LNG exports will increase by 10% per year until 2030, as energy companies double their capacity to produce the gas. This will give a boost to the maturing U.S. Shale industry, which has seen its growth slow down and costs rise. While the U.S. has been the largest producer of oil and gas in the world, many of its most productive drilling sites have already been exploited. Gas remains the bright spot in the industry, despite the fact that oil production will plateau or even fall over the next few months. This is largely due to...

The U.S. National Labor Relations Board structure was likely illegal, according to a U.S. appellate court that ruled on Tuesday. It also blocked the agency's ability to pursue cases against SpaceX and other companies. The 5th U.S. Circuit Court of Appeals in New Orleans has issued a ruling. The 5th Circuit Court of Appeals, based in New Orleans, is the first appeals court to rule that a law protecting NLRB administrative judge and the five board members from being fired at will by the President is likely illegal. The 5th Circuit said on Tuesday that the protections against removal prevent...

Energy Transfer, a U.S. exporter, said that despite the fact that U.S. ethane restrictions have been lifted, it will be more difficult for Chinese companies to enter into contracts, even though these restrictions were already lifted. In late May and early in June, the U.S. imposed restrictions on exports to China including ethane. They did this after Beijing was accused of limiting shipments of rare Earths essential to automakers and many other industries. Last month, the restrictions were lifted. However, they caused disruptions in ethane flows and significant delays for shipments. Marshall McCrea said, "That's a bit of a black-eye...

JERA, Japan’s largest power generator, announced on Thursday that it has signed new supply agreements for U.S. LNG from four projects in order to diversify its portfolio and move away from its dependence on Australia. JERA intends to purchase up to 5.5 millions metric tons of U.S. Liquefied Natural Gas (LNG) per year under 20-year agreements, with deliveries beginning around 2030. This total includes previously reported agreements as well as recently announced ones. This move demonstrates Japan's desire to secure a stable and flexible LNG source to meet the growing demand for electricity due to data centre expansion. The country...

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...

Three officials with knowledge of the situation say that Japan may offer support for a $44billion gas pipeline in Alaska to appease U.S. president Donald Trump and avoid potential trade friction. Sources said that officials in Tokyo believe Trump will bring up the project - which he said was important for U.S. security and prosperity - when he meets Japanese prime minister Shigeru Ishiba in Washington for the first meeting as early as next week. The overall cost of gas is a concern for Japan, compared to other sources. Officials said that Japan is willing to look into a possible...

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...

A government official announced on Thursday that Guyana had received preliminary approval by the U.S. Export-Import Bank to receive a loan guarantee of more than $500,000,000 for a gas-fired power project and a gas processing facility. The construction of the gas-to energy project, estimated at $2 billion, is already underway. The gas pipeline has been installed but the construction of the 300 megawatt (MW), first phase power plant is being delayed due to late equipment deliveries and contract disputes. Officials have stated that startup may not happen before the fourth quarter 2025. Bharrat Jagdeo, Guyana's vice president, said that the...

China's Sinopec Corp has secured gas products for the winter heating season at levels 9.7% greater than a year earlier by stepping up domestic production and spot freight imports, it said on Friday. The state oil and gas significant is raising output to record levels at essential domestic fields such as Puguang and Yuanba, both in the southwestern Sichuan basin, by accelerating drilling new wells in addition to detaining declines at ageing ones, the business stated in a declaration. Yuanba field alone, for example, currently pumps 13% above year-ago rates, Sinopec said, without providing a straight-out production figure. On imports,...

Finland's President Alexander Stubb will go on a state visit to China from Oct. 2831 for meetings with Chinese President Xi Jinping and other senior government officials, the Finnish government stated on Wednesday. Stubb will go over bilateral relations in addition to the war in between Russia and Ukraine and other security concerns, his office stated in a declaration. Finland and China have been taken part in delicate diplomacy since October of last year over the possible role of a Hong Kong-registered cargo vessel in the damage triggered to the Balticconnector gas pipeline. Finnish cops in a still-ongoing examination have...