Natural Gas Pipeline

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...

Citi Research predicted that a 25% U.S. import tariff on copper would be imposed during the second quarter this year. The brokerage lowered its price forecast for the next three months to $9,500 a metric ton from $10,000 a ton. Last month, U.S. president Donald Trump ordered a probe into possible tariffs on imports of copper to rebuild U.S. manufacturing of a critical metal for electric vehicles, military equipment, semiconductors, and a variety of consumer goods. Trump announced on Wednesday a 25% import tariff for cars and light trucks, which will take effect next week. This is a further extension...

Gulf South Pipeline Company announced on Monday that it had stopped supplying natural gas to Freeport LNG in Texas following a lightning strike. Gulf South said that the lightning strike led to a declaration of force majeure for the line, effective immediately. It added that it was working to restore service to its customers as soon as possible. According to LSEG, the incident has reduced gas consumption at Freeport LNG, which can process 2.4 billion cubic foot of gas each day, to 450 millions cubic feet per daily (mcfd), from an earlier expectation of nearly 1.8 bcfd. Freeport requires 700...

After meeting with President Donald Trump in this week, top UAE officials committed to an investment plan of $1.4 trillion over a period of 10 years. The White House announced on Friday that the United Arab Emirates had made the commitment. In a press release, the White House stated that the framework would "substantially" increase UAE investments in U.S. manufacturing, semiconductors, AI infrastructure and energy. White House has not explained how UAE investments will reach $1.4 trillion. Some of the deals announced as part of this framework have already been revealed. The White House stated that the only deal to...

BP and Apollo Global Management announced on Friday that they had agreed to sell a $1 billion stake in a company invested in the TANAP pipeline connecting Azerbaijan with Turkey. Murray Auchincloss, BP's CEO, is leading a $20 billion waste disposal programme that will run through 2027. BP wants to reduce its spending on renewables and increase expenditure on oil and natural gas. BP aims at reducing net debt from the current level of around $23 billion to between $14 and $18 billion. The TANAP pipe is part of a system that transports gas from the Shah Deniz field in...

A jury ruled Wednesday that Greenpeace had to pay $667 million as damages to a Texas-based company for its role in the 2016-2017 protests in North Dakota against the Dakota Access Pipeline. The verdict was announced in North Dakota's state court after two days of debate in a case where Energy Transfer, a pipeline company, accused Greenpeace that it had paid protesters to disrupt the construction of the pipeline illegally and spread falsehoods regarding the controversial project located near the Standing Rock Indian Reservation. The jury awarded damages for defamation and trespassing, as well as conspiracy. The jury awarded punitive...

Russia and Ukraine both accused each other of air attacks on Wednesday that caused fires and destroyed infrastructure, just hours after the leaders had agreed to a temporary ceasefire in order to stop attacks on energy infrastructure. In a phone call on Tuesday with Donald Trump, Russian President Vladimir Putin agreed that the Russian military would temporarily cease attacking Ukrainian energy infrastructure. However, he declined to endorse an official 30-day ceasefire requested by Trump. Since the Russian invasion of 2022, Ukraine's energy sector has been the subject of massive attacks. Ukraine has responded by launching drone strikes on Russian oil...

NextDecade, an energy company, announced on Tuesday that U.S. Court of Appeals District of Columbia revised its August 2024 judgement against the order of the energy regulator allowing construction of NextDecade's LNG project. The flagship NextDecade facility has been under development for several decades and has already experienced multiple delays. The revised court order sends back the Federal Energy Regulatory Commission order concerning the first five liquefaction train at the Rio Grande facility for further review. However, the order itself is still in effect. "We are happy with the revised court judgement today, which ensures that construction at the Rio...

Donald Trump and New York Governor Kathy Hochul will meet on Friday morning. The U.S. President said that the talks could include reviving a natural gas pipeline called the Constitution in the Northeast. Williams Cos had planned to build a pipeline that would have brought gas from Pennsylvania’s drilling fields into New York. However, the company canceled it in 2020 due to opposition from New York politicians and environmentalists. Trump claimed that a pipeline could lower energy prices in the region. It is still unclear how the pipeline could be approved. Trump said to reporters in the Oval Office: "Kathy...

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...

Canadian Natural Resources, an oil and gas company, reported a decline in its fourth-quarter profits on Thursday as lower commodity prices overshadowed the rise in production. Mark Stainthorpe, finance director at the company, will also be stepping down as part of the ongoing management succession on April 30, 2019. He will be succeeded by an insider, Victor Darel. The average Brent crude futures dropped 3% in 2024, as the economy of China, the largest consumer, weakened. Meanwhile, the OPEC+ producer's group delayed planned supply increases, and in a sign that demand was muted, extended deep production cuts until the end...

New Fortress Energy, a U.S. LNG company, posted a loss for the fourth quarter of 2014 on Monday. This was due to deteriorating performance from its terminals and infrastructure as well as ships. LNG exports to the U.S. reached near-record levels by December 2024. Lower LNG export prices coupled with higher costs squeezed the margins of companies like New Fortress. Data from the Energy Information Administration shows that LNG export prices were $6.26 per 1,000 cubic feet (Mcf), down 18% on 2023. The operating margin at NFE's Terminals and Infrastructure unit fell 44.8%, to $206.1 millions during the quarter. The...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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....

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...