EIA: Permian Basin gas capacity will increase with the launch of Matterhorn pipeline
The U.S. Energy Information Administration said Tuesday that the Matterhorn Express Pipeline is expected to begin operating in this month. Matterhorn, in a joint venture between Whitewater, EnLink Midstream and MPLX will transport natural gases from the Permian basin to Katy, near Houston, Texas. The pipeline can transport 2.5 billion cubic feet of natural gas per day. EIA estimates that by increasing the capacity of the Permian Gas Takeaway, the Matterhorn Pipeline could narrow or eliminate the difference in price between Waha Hub and Henry Hub.
Asian LNG Prices Little Changed in Quiet Trade
Asian spot prices for liquefied natural gas (LNG) were little changed this week amid quiet trade and low liquidity.The average LNG price for February delivery into northeast Asia was estimated at around $5.10-$5.20 per million British thermal units (mmBtu)."Demand is still weak following the Christmas and New Year holidays and there is plenty of supply," an LNG trader said.A new gas transit deal struck between Russia and Ukraine last month, which will see Moscow supply Europe for at least another five years…
FERC Urgerd to Cut Pipeline Risks
New York State agencies urged the Federal Energy Regulatory Commission (FERC) to take action to reduce pipelines risks near the Indian Point nuclear facility in Westchester County, the Department of Public Service said. The New York Division of Homeland Security and Emergency Services, and the Departments of Public Service, Environmental Conservation, and Health called on the FERC to ban additional natural gas capacity on the Algonquin pipelines, the Department of Public Service said in a press release on Friday.
Sinopec to Boost Gas Capacity Two-thirds by 2020
China Petroleum & Chemical Corporation (Sinopec) , plans to boost its domestic natural gas production capacity by about two-thirds by 2020, its chairman said on Wednesday, part of plans to develop clean energy. The state-owned company aims to increase its domestic natural gas capacity to 40 billion cubic metre (bcm) by 2020, from 23 bcm currently, Chairman Wang Yupu said at a news conference in Hong Kong. Wang said Sinopec had prioritised natural gas in the company's development plans in the coming five years.
Poland's PGNiG Expects Norway Gas Pipeline Link by 2022
Polish gas company PGNiG's plan to build a pipeline between Poland and Norway to reduce its dependence on Russia is expected to introduce a few billion cubic metres (bcm) of annual gas capacity by 2022, it said on Thursday. The timing of the project would bring the pipeline online in time for the 2022 expiry of state-run PGNiG's current deal to buy gas from Russia's Gazprom. PGNiG buys up to 10.2 bcm of gas a year from Gazprom, catering for the bulk of Poland's yearly consumption of nearly 16 bcm.
Russian Gas Supply to Serbia Up 23.6%
Russian gas deliveries to Serbia grew by 23.6 per cent to 1.7 billion cubic meters according to preliminary figures for 2015. This was noted during a meeting between between Alexey Miller, Chairman of the Company's Management Committee and Slavenko Terziс, Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia to the Russian Federation. The meeting took place at the Gazprom headquarters yesterday. During the meeting special attention was…
Enel CEO - Endesa to Remain Cash Cow Until EU Reforms Power Market
Endesa, the Spanish arm of Italian utility Enel, will keep paying out all of its earnings as dividends for now, and Enel will only decide on its future plans for the business when Europe has completed its power market reforms, Enel's CEO said. Endesa paid out 100 percent of its earnings to shareholders this year and said last month it plans on a dividend payout of 100 percent of net profit in the 2015-2019 period. That left some investors wondering how Endesa will finance growth…
Tennessee Pipeline Co. Files Application with FERC
Tennessee Gas Pipeline Company, L.L.C. (TGP), a Kinder Morgan company today filed a certificate application under Section 7(c) of the Natural Gas Act with the Federal Energy Regulatory Commission (FERC) for its proposed Northeast Energy Direct Project (NED). “The NED Project is a transformative project for the northeast United States,” said Kinder Morgan East Region Natural Gas Pipelines President Kimberly S. Watson. “Despite being just a few hundred miles from the most abundant and low-cost natural gas production area in the country…
Russia, Serbia Address Cooperation in Energy Sector
At a meeting hosted in Belgrade today between Alexey Miller, Chairman of the Gazprom Management Committee and Aleksandar Vucic, Prime Minister of the Republic of Serbia issues of the bilateral cooperation in the energy sector were deliberated upon. Special consideration was given to Russian pipeline gas supplies to Serbia as well as to the joint projects in the gas sector. In 2014 Gazprom supplied Serbia with nearly 1.5 billion cubic meters of natural gas.
BG Acquisition Kick Starts a Fulcrum Year for Mega Gas
2015 may well be remembered as the year when natural gas truly announced itself as the major energy fuel source. With the announcement that Shell are targeting a $70bn deal for BG Group, and in doing so increasing their current LNG capacity to around 33 million tons per annum, the big dollars to secure gas capacity are coming into sharp focus. Should the acquisition complete, Shell will have access to gas resources from Trinidad & Tobago to Tanzania. BG’s…
Slovak Pipeline Sells Extra Gas Capacity on Link to Ukraine
Slovak pipeline operator Eustream said on Thursday it has sold 4.5 million cubic metres of additional daily gas shipments on a link transporting deliveries to Ukraine. It said bidders had bought up the extra capacity until 2019. "Shippers' interest significantly exceeded the offered capacity," Eustream said in a statement. That puts the daily amount Slovakia can pump to Ukraine via an upgraded older link to 31.5 million cubic metres per day and 11.5 billion cubic metres per year.
