Natural Gas Pipeline








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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...

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...

LNG Transportation

The US will no longer impose a 7-year export deadline set by Biden on new LNG projects

Wednesday, the U.S. will revoke a policy that was issued by former President Joe Biden's administration, which required that liquefied gas projects, or LNG, export within seven year of regulatory approval. The LNG industry had pressured the Trump administration to withdraw the April 2023 policy statement on Department of Energy export approvals to major markets in Europe, Asia and Africa because many projects would take more than seven year to complete. The Federal Register will publish a document on Wednesday that states, "From now on, DOE will review applications to extend the export start deadline of an authorized holder and...

Natural Gas Pipeline

US LNG exports surge in March as Plaquemines plant ramps up

According to preliminary data, the U.S. sold more than 9,000,000 metric tons of supercooled gas in March. In declaring a state of energy emergency, President Donald Trump promised to unleash American power. This strategy includes a growth in LNG exports. LSEG data revealed that in March, the U.S. exported 9,3 MT (metric tons) of LNG, breaking the previous record set by 8.6 MT in December 2023. Production was boosted by the ramp-up Phase 1 of Venture Global Inc.'s 3.2 bcfd Plaquemines LNG Plant, currently under construction. LSEG reported that Plaquemines pulled 2.136 billion cubic foot (bcf), a record for the...

Europe

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

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

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

North Asia

Natural Gas Pipeline

Serbia asks for waiver of sanctions from the US regarding oil company NIS

The CEO of Srbijagas, the state-owned gas company, said that the Serbian oil company NIS, which is owned by Russian Gazprom and Gazprom in majority, had submitted a second waiver request to the U.S. on Wednesday. The sanctions may result in a crude oil supply cut for NIS. It operates one refinery in Serbia, with a capacity of 4.8 millions tons per year. This is enough to cover the majority of Serbia's needs. On January 10, the Office of Foreign Assets Control of the U.S. Treasury placed sanctions against Russia's oil industry and gave Gazprom a 45-day deadline to sell...

Natural Gas Pipeline

Russian president satisfies Slovak PM as Ukraine gas transit agreement nears expiry

Russian President Vladimir Putin satisfied Slovak Prime Minister Robert Fico in the Kremlin on Sunday, Russian television speaker Pavel Zarubin said, as a contract allowing for Russian gas to transit through Ukraine nears its expiry date. Slovakia depends on gas going through Ukraine, and Fico has actually criticised Ukrainian President Volodymyr Zelenskiy for refusing to extend the contract, which expires at the end of the year. Kremlin spokesperson Dmitry Peskov later on informed the TASS news company that the talks had actually ended. He said the two leaders would not issue a joint declaration. Peskov, shown in a video posted...

Natural Gas Pipeline

Gazprom is blamed by the president of Moldova for the energy crisis

The President Maia Sandu accused Gazprom on Thursday of creating an energy crisis in Moldova. She said the Russian energy giant refused to supply gas via an alternative route, if fuel stopped flowing through Ukraine by the end of the year. Since Kyiv announced that it would not renew its contract with Gazprom at the end of December, Moldova's 2.5 million residents have been preparing themselves for prolonged power outages. Russia provides Moldova with around 2 billion cubic meters of gas each year via Ukraine. This is piped to the breakaway region of Transdniestria which uses the gas to generate...

Natural Gas Pipeline

Russian gas streams to EU through Ukraine down 3% from typical levels

Russian gas exports through Ukraine to Europe were down more than 3% on Sunday and Monday from levels seen in current months, while nominations for gas to and from Slovakia were stable, data from Gazprom and a. pipeline operator revealed. Russian gas manufacturer Gazprom said it would send. 40.8 million cubic metres (mcm) of gas to Europe through Ukraine on. Monday, up from 40.6 mcm on Sunday however down from more than 42. mcm seen in recent months. Russia halted gas supplies to Austria's OMV in. mid-November due to a contractual conflict and a court decision. to award the Vienna-based...

Transportation

Wall Street Journal - Nov. 22

The following are the top stories in the Wall Street Journal. Reuters has actually not confirmed these stories and does not vouch for their precision. - U.S. satellite television service provider DirecTV said on Thursday it had ended its contract to acquire Echostar's. satellite tv service, which includes rival Dish TV,. over a stopped working debt-exchange offer. - U.S. President-elect Donald Trump is considering picking Kevin. Warsh as his Treasury secretary with the understanding that he. could later on be chosen to lead the Federal Reserve when Jerome. Powell's term as chair ends in 2026. - U.S. President-elect Donald Trump...

Natural Gas Pipeline

Huge oil companies defeat US consumer claim over production, prices

Numerous oil companies consisting of Exxon Mobil and Chevron beat an appeal on Monday by customers who implicated them of conspiring with previous U.S. President Donald Trump, Russia and Saudi Arabia to cut oil production, increasing rates at the pump. In a 3-0 choice, the 9th U.S. Circuit Court of Appeals in San Francisco stated 2 dozen consumers could not pursue class action claims due to the fact that they concerned political questions and the oil-producing policies of foreign countries. The court also found an absence of proof that the oil companies violated antitrust law by conspiring to raise rates....

Transportation

NET4GAS says it wins arbitration case versus Gazprom Export payments

Czech gas transmission system operator NET4GAS has won an arbitration case against Russian group Gazprom Export over payments it was owed, the Czech business said. In a filing late on Thursday, NET4GAS said a tribunal had bought (Gazprom Export) to pay the claimed amount together with default interest and reimburse N4G for the costs of the proceedings. Gazprom and Gazprom Export did not immediately respond to a. request for remark. NET4GAS has said it was declaring 113 million euros from. Gazprom Export after the Russian carrier stopped working to make payments. under contracts following the halt in products to Europe...

Transportation

Russia wants to keep gas transit via Ukraine to Europe, Putin says

President Vladimir Putin stated on Thursday that Russia aims to keep pumping gas through Ukraine to the European Union but included that Moscow could not force Kyiv to keep the transit agreement which expires at the end of this year. As for Ukraine, we are not abandoning this transit, strangely enough. Why? Since we, and Gazprom, intend to satisfy all our commitments to our consumers with whom we have long-term agreements, Putin said. There is a transit contract that ends on December 31 of this year. However if Ukraine refuses this transit, well, we can't. force it, Putin stated. Putin...

Natural Gas Pipeline

Tips Poland assisted Nord Stream sabotage are groundless, states presidential assistant

Tips that Ukrainian authorities supported by Poland lagged planning and executing the sabotage attack on Nord Stream gas pipelines in 2022 are groundless, the Polish president's assistant stated on Sunday. Germany's previous intelligence chief August Hanning told Die Welt today he believed there were arrangements in between presidents of Poland and Ukraine to carry out the attack. These are completely groundless insinuations, Mieszko Pawlak, head of the global policy bureau at the office of President Andrzej Duda stated when inquired about the allegations by Polsat broadcaster, PAP newswire reported. Pawlak stated Hanning was serving when Gerhard Schroeder was German chancellor...

Transportation

Gas transit flows typical amid reported clashes near Russia's Sudzha, Kyiv states

Russian natural gas continued to transit Ukraine to European customers as typical on Wednesday, Kyiv's gas transmission operator stated in the middle of reports of clashes near the Russian town of Sudzha where Russian gas flows into Ukraine. As of 13:00 Kyiv time (1000 GMT), gas is being transported to European consumers as normal, with no modifications. Nominations have actually been confirmed and the physical flow of gas is maintained, the operator informed Reuters. Russia's Gazprom said it would send out 39.4 million cubic metres (mcm) of gas to Europe via Ukraine on Wednesday, down from 42.4 mcm on Tuesday....

Natural Gas Pipeline

Ukraine's Naftogaz plans to increase gas, oil output in 2024

Ukraine's biggest state energy business Naftogaz is preparing to increase its gas and oil production this year in spite of a consistent threat of Russian bombardments, its CEO stated on Monday. CEO Oleksiy Chernyshov stated that Naftogaz prepares to produce 15 billion cubic metres of natural gas and 2 million tonnes of oil in 2024. In 2023, the company's gas production amounted to 14 bcm of gas Chernyshov said that Naftogaz's assets, which include gas. storage, oil and gas production centers and circulation networks, and other facilities were under constant hazard of Russian barrages as the war nears its 29th...