Shell and Trinidad's NGC have agreed on Aphrodite supply terms, clearing the way for the project
Shell, a British energy company, and Trinidad and Tobago’s National Gas Company (NGC) have reached an agreement on terms for natural gas supply from Shell’s Aphrodite Field, ending the pricing dispute that had delayed this project. NGC Chairman Gerald Ramdeen said Wednesday. Ramdeen stated that the?agreement paves the way for the?development of offshore field. The?first?production is expected to begin in the second quarter 2027.
Australia relaxes the east coast gas reservations rule for LNG exporters and delays start in 2028
Australia relaxed slightly on Thursday a proposed rule that would have "forced" energy exporters to set aside a fixed amount of natural gas (?20%) for its East Coast market. Instead, they were required to reserve as much as a fifth. The Energy Minister Chris Bowen stated that exporters can provide up to an additional 200 petajoules per year. This is more than enough for the energy market operator to be able to meet the potential shortfalls up to 140 petajoules.
Australia relaxes East Coast Gas Reservation Rule for LNG Exporters
Australia relaxed slightly on Thursday a proposed rule which would have forced energy exporters 'to reserve a fixed 20% of natural gas for its East Coast market, but instead required them to reserve as much as a fifth. Energy Minister Chris Bowen stated that exporters could provide an additional 200 petajoules per year. This would be more than enough to prevent the potential shortfalls predicted by the energy market operator.
Australia's new shale-basin Beetaloo delivers first gas
The first gas flowed from the Beetaloo Basin in Australia to Darwin, Tuesday. Developers hope that this will show a steady flow of gas and allow for the commercialisation of Australia's first shale-gas venture. Tamboran Resources, along with its partner Formentera Partners of Texas, delivered gas from the Shenandoah Project, located in the desert more than 600 km away (373 miles), and just an hour drive from Daly Waters, the capital of the Northern Territory.
Sempra starts permitting process for major LNG Expansion in Texas
According to a regulatory filing on Wednesday, Sempra Energy’s Port Arthur LNG unit has begun the federal permit process for an?expansion? of its liquefied natural gas export operations in Southeast Texas. According to the filing, the proposed Port Arthur LNG North Project will add four liquefaction train capable of producing as much as 27 million metric tonnes per annum of LNG. This would significantly increase the company's export footprint along the U.S. Gulf Coast.
Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long-stalled liquefied gas?export facility in Tanzania. The U.S. and Israeli war against Iran is reshaping global energy markets, and Qatar and other Gulf producers are losing their reputations as reliable suppliers in the world as Tehran has struck export facilities and blocked shipments.
CORRECTED - BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP 'has agreed to sell a 20% stake in a block containing the Trinidad portion in the Cocuina Manakin natural-gas field across the border to the state-owned National Gas Company of Trinidad, the company announced on Monday via email. BP reported that BP and NGC had signed the agreement on?Monday. Cocuina and Manakin, which contain 1 trillion cubic feet in natural gas reserves, lie on the border between Trinidad and Tobago…
BP sells 20% stake in Manakin Gas Field to Trinidad's NGC
BP announced on Monday that it had agreed to sell a 20 percent stake to the state-owned National Gas Company of Trinidad in a block containing the Trinidad portion the Cocuina Manakin natural 'gas field. BP reported that the NGC and BP signed the agreement on Monday. The Cocuina and Manakin fields, which contain 1 trillion cubic feet in natural gas reserves, lie on the border between Trinidad and Tobago…
Matador Resources JV increases Delaware Basin footprint by $752 Million Cardinal Deal
Matador Resources, an oil and gas company, announced?on Monday that its joint venture San Mateo Midstream had agreed to purchase the operating subsidiaries of Cardinal Midstream Partners for a total of $752 million?in cash. The deal reflects the continued consolidation of the U.S. Energy Sector as producers and midstream operators expand their infrastructure and scale to support increasing shale production and growing liquefied gas export demand.
Western LNG CEO: Canada's proposed Ksi Lisims LNG plant in talks with'several utilities' to supply LNG to Europe
The CEO of Houston's Western LNG, which is the main proponent of the project said that the proposed Canadian?Ksi?Lisims LNG Export Facility has been in contact with several European utilities who are interested in buying liquefied gas from the West Coast of Canada. Davis Thames stated that Ksi Lisims is expecting to announce more agreements "shortly" after a deal to supply Germany's SEFE, the state-owned energy company.
Sources say that Trinidad's Atlantic LNG has shut down its processing unit to perform maintenance.
Gerald Ramdeen, the Chairman of the National Gas Company of Trinidad and Tobago (NGC) and two other people familiar with the operation, said that the flagship?LNG?facility of Trinidad and Tobago shut down its Train 4 processing unit for planned maintenance on Tuesday. Sources said that the outage could last for nearly two months and affect as much as 50% of Atlantic LNG’s total production capacity.
Australia requires LNG exporters reserve 20% of their gas for the east coast market
The Australian government announced on Thursday that 'energy producers should reserve 20% of the natural gas they produce for the domestic market on Australia's east coast to avoid supply shortages and lower energy costs. The government announced that the scheme would be implemented in July of next year, and will replace several current market interventions. The reservation scheme will affect three liquefied gas export projects on the East Coast operated by Origin Energy?, Shell?, and Santos.
ConocoPhillips predicts lower annual production
ConocoPhillips, an oil & gas producer, said on Thursday that it expected lower annual production and highlighted the 'impact' of uncertainty in the Middle East. Qatar output was excluded. Oil prices have risen by over 88% in this year due to the conflict in the Middle East, but damage to the energy infrastructure has hurt production. ConocoPhillips has partnered with QatarEnergy to build a liquefied gas export facility, which is one of 'the world's largest suppliers of super-cooled gas.
Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031, it said in the filing to the energy regulator on Friday.Rio Grande LNG is an under-construction facility owned by NextDecade…
US Natural Gas Reach a One-Week High as Output Drops, LNG Exports Surge
U.S. natural gas futures edged up to a fresh one-week high on Monday on a drop in output over the past couple of weeks and forecasts for cooler weather and higher demand through early May than previously expected.Gas futures were also supported by near-record gas flows to U.S. liquefied natural gas export plants and a roughly 6% jump in crude futures on fears the U.S.-Iran ceasefire could collapse after the U.S. seized an Iranian cargo ship.
European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources with knowledge of the situation said that European 'buyers', including Germany's Uniper are looking into the possibility of buying liquefied gas from Canada on the Pacific coast, and shipping it via the Panama Canal as part of a strategy to diversify the'supply'. This effort has become more urgent since the 'Iran 'war'. Three sources claim that European buyers have held commercial discussions with Canada's Ksi Lisims LNG.
FERC approves NextDecade’s request for more employees and longer hours in Texas
According to a'regulatory filing,' U.S. federal regulatory authorities approved on Friday a request by NextDecade for an increase in the number of workers who will be working at the Rio Grande LNG project in Texas. NextDecade informed regulators that geopolitical tensions in the world had increased demand for U.S. Liquefied Natural Gas (LNG), prompting developers and companies to act quickly to bring new supplies online. Global LNG supply issues have been caused by the Iran war.
Australia's resources outlook is delayed due to 'extreme volatility caused by the Iran war'
The Australian government's quarterly energy and resources outlook was delayed for the very first time due to the "extreme volatility", caused by the U.S./Israel war on Iran. This is making forecasts outdated, according to a spokesperson. The delay comes as Australia's Government faces?growing demands for a windfall?tax on?liquefied?natural?gas export profits, while some miners are struggling to secure diesel supplies.
Gas prices in Europe fall due to forecasted milder temperatures
Dutch and British wholesale gasoline prices dropped on Monday morning due to forecasts of milder temperatures than previously anticipated. Data compiled by LSEG revealed that the benchmark Dutch front-month contracts at?the TTF Hub were down 2.13 Euros?at a price of?32.72 per megawatt hour (MWh) or $11.39 /mmBtu by 0926 GMT. The Dutch April contract dropped by 1.73 euros to 30.67 euros/MWh. The British contract for the day-ahead price dropped by 8.25 pence to 82.25 p/therm.
EUROPE GAS-Dutch prices fall tracking U.S. futures
Dutch wholesale gas prices fell on Wednesday morning, as U.S. Natural Gas Futures fell. Demand and supply forecasts in north-west Europe were stable. LSEG data revealed that the benchmark European gas contract - the front-month Dutch contract on TTF hub - was?down 1.67 euros to 37.95 euros for a megawatt hour (MWh), which is $11.03/mmBtu, at 0908 GMT. The contract for March fell by 1,54 euros, to 36.26 Euro/MWh.