Natural Gas Pipeline

Kinder Morgan reported a 24% increase in its second-quarter profits on Wednesday. This was largely due to higher volumes of gas being transported through the company's pipelines. Kinder Morgan, for example, is betting on an increase in demand for LNG from LNG export installations as well as electricity for AI operations and cryptocurrency mining. In 2024 the United States will be the world's largest LNG exporter. Exports are expected to grow even more as new terminals become operational after President Donald Trump lifted the pause on new permits. Richard Kinder, Executive Chairman, said: "Our company's future is bright, with historic...

Energy Transfer, a pipeline operator, announced on Wednesday that it would supply U.S. oil giant Chevron an additional 1,000,000 tonnes of liquefied gas per year (mtpa), from its Lake Charles LNG Export Facility. After the 2 mtpa contract signed last year, the 20-year deal brings the total volume contracted for LNG by Chevron up to 3 mtpa. After President Donald Trump, commercial activity in the LNG sector has increased in the U.S. Lifting a moratorium After taking office in January, the new administration will begin issuing LNG export permits. The Lake Charles project is one of the first to be...

A person familiar with this matter told me on Monday that Mitsubishi Corp was in negotiations to buy the U.S. Shale Production and Pipeline assets of Aethon Energy Management. The price is estimated at $8 billion. If the deal is struck, the Japanese conglomerate would gain a significant natural gas operation near the U.S. Gulf Coast and the energy export infrastructure being developed there. The source said that talks between Mitsubishi and Aethon were ongoing. She cautioned, however, that no transaction was guaranteed and spoke under condition of anonymity in order to discuss confidential discussions. The assets are operated and...

U.S. Pipeline Operator ONEOK announced on Tuesday that it has purchased the remaining stake in Delaware Basin Joint Venture from NGP XI Midstream Holdings for $940 million in cash and stock. By acquiring the remaining interest of 49.9%, ONEOK gained the sole ownership of this basin. It operates natural gas gathering, processing, and storage facilities in West Texas, and New Mexico’s Delaware Basin. The total processing capacity is over 700 million cubic feet a day. In the last two years, the operator of the pipeline has diversified its portfolio through acquisitions. These include a Gulf Coast NGL system from Easton...

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...

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...

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...

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...

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,...

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...

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...

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...

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...