After the Russian attacks, Ukraine plans to import 800 million cubic meters of gas by April.
Ukraine will import 800 million cubic meters (mcms) of gas in February and march to compensate for the sometimes 40% decrease in production following Russian missile attacks on the sector. A senior industry source said on Friday. Since its invasion in 2022, Russia has launched many missiles and drones at Ukraine's electric sector. However, it has intensified attacks on gasfields over the past few weeks. The Ukrainian state gas company Naftogaz, and the major private energy firm DTEK…
FERC wants more guidance on colocated data centers
The U.S. Energy regulators directed the largest grid operator in the country to clarify how it deals with co-location. This arrangement is becoming increasingly popular for AI data centers, allowing them to be connected directly to power plants. Co-location is a faster way to get large amounts of energy, rather than spending years waiting in line to connect to the grid. Federal Energy Regulatory Commission stated in an order that the current guidance provided by grid operator PJM Interconnection on co-location appears to be inadequate.
Sources say that RPT-Australian Woodside is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco-backed MidOcean Energy. This sale of stakes is a test of market expectations for LNG following Donald Trump's return to the U.S. Presidency. Trump said that trade partners should purchase more U.S. Energy and has issued several executive order in his first week in office to boost domestic oil and natural gas production.
German wind volume to rise - a warning
The European spot price for Wednesday dropped on Tuesday, as German wind production volumes are expected to double. France is also set for a significant fall in consumption. The LSEG analyst Naser Hahemi wrote that "residual loads are down in Germany due to the increase in wind energy production." This is an indicator which shows how much conventional power plants can supply after variable renewable volumes have been fed into grids. LSEG data shows that German day-ahead electricity was 16.1% lower at 112.8 Euros ($117.98 per megawatt hour (MWh) as of 0930 GMT.
Sources: Woodside Australia is in talks with three partners about Louisiana LNG.
Multiple sources have confirmed that Woodside Energy is in talks with several potential investors to buy stakes in the Louisiana liquefied gas plant. These include Tokyo Gas, Japan’s JERA, and Saudi Aramco’s MidOcean Energy. This sale of stakes is a test of market expectations for LNG following Donald Trump's return to the U.S. Presidency. Trump said that trade partners should purchase more U.S. Energy and has issued several executive order in his first week in office to boost domestic oil and natural gas production.
Cyprus and Chevron led group agree on updated offshore field plan
Cyprus and the Chevron-led group have reached an agreement on a new development plan for an offshore gas field near Cyprus. The two parties released a joint press release on Friday. Chevron tried to change a field development plan for 2019 and this led to protracted discussions on the future of the Aphrodite field, south-east from Cyprus. This plan was agreed upon between Cyprus and Noble, a former license holder and independent energy operator Chevron purchased in 2020.
Data shows that Ukraine gas imports will increase by 10% on Thursday.
Data provided by the operator for gas transmission systems shows that Ukraine will increase its gas imports by 10% to 25 million cubic metres on Thursday, following Russian missile attacks which damaged Ukrainian gas production plants earlier in the week. Ukraine's Naftogaz, the state-owned oil and gas company in Ukraine, and DTEK, a private energy firm said that gas production facilities had been damaged by a Russian air attack on central Poltava on Tuesday.
Britain launches offshore Wind Farm Incentives Scheme
The UK launched an incentive programme for offshore wind projects on Thursday, hoping to convince developers to invest in order to achieve the ambitious goal of decarbonising its energy system by the year 2030. The Clean Industry Bonus scheme will give successful bidders an initial funding of 27 million pounds (33.5 million dollars) for each gigawatt (GW), or capacity, from offshore wind project. In December, Britain announced that it hoped to increase capacity from 15 GW to 43-50 GW within the next decade.
Prices fall in Europe amid profit-taking and temperature revision
The wholesale gas prices in the Netherlands and Britain fell Wednesday morning, as profit-taking took place after Tuesday's new two-year peak. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was 1,35 euros lower at 55.10 Euro per megawatt hour by 1307 GMT. The Dutch April contract is down by 2.48 Euros at 55.12 euro/MWh. The front-month contract in Britain fell 4.54 pence, to 134.41 cents per therm. A gas trader stated that forecasts for the average temperature in North-West Europe have been slightly revised upwards from the weekend.
Aker BP and Total are seeking to increase their stakes in the giant Equinor oilfield
Aker BP announced on Wednesday that TotalEnergies, Aker BP and Equinor are seeking a review of their shares in Equinor’s Johan Sverdrup field in order to increase their holdings. Sverdrup, which is built across several offshore oil-and-gas licences, is owned by Equinor 42.63%, Aker BP 31.57%, Norwegian oil company Petoro 17,36%, and France's TotalEnergies 8.44%. Owners of a field that began producing oil in 2019 have the right of requesting a review of their stakes, based on data from production and reservoirs.
Woodside and Trinidad have agreed to initial commercial terms for deepwater natural gas, an executive says
According to three sources with knowledge of the discussions, a Woodside executive and a Trinidad and Tobago government official have agreed on an initial commercial agreement for the development of Woodside's Calypso gas deepwater discoveries. This brings the project closer to the final investment decision. In order to fully utilize its gas processing capability, the Caribbean country is Latin America's biggest LNG exporter. It has pushed producers, particularly those offshore, into accelerating natural gas production.
Norway will now focus on floating offshore wind turbines instead of the new bottom-fixed tender
Norway said that it will not be offering acreage for the development of bottom-fixed offshore farms when it announces its next tenders. Instead, it will focus on floating wind power options. The government has previously stated that it will offer new areas along the North Sea, bordering Denmark, suitable for installing turbines on seabeds. These areas may also be connected to other countries through hybrid cables. Terje Aasland, Energy Minister Terje's…
Energy Transfer signs Natural Gas Supply Agreement with CloudBurst
Energy Transfer, a U.S. pipeline company, entered into an agreement on Monday with CloudBurst Data Centers of Denver to supply natural gas for the development of Central Texas. Data centers, driven by the rising demand for power from AI and the slow grid improvements, are sourcing energy directly from producers, or establishing their own supply, which will likely lead to a significant increase in natural gas consumption. Energy Transfer will supply up to 450…
Prices of EUROPE GAS rise to two-year-highs due to cold storage withdrawals
Dutch and British wholesale prices of gas rose on Monday to levels not seen in the past two years, as colder temperatures increased demand and storage withdrawals increased. According to LSEG, the benchmark front-month contract for the Dutch TTF Hub was up by 2.22 euros, at 58.20 Euros per Megawatt Hour (MWh), at 0902 GMT. This is the highest level seen since February 2023. The Dutch April contract increased by 2.49 euros to 58.03 Euro/MWh. The front-month contract in Britain rose 5.34 pence to 141.45p/therm. This is also a new two-year record.
Data show that Ukraine kept its gas imports high on Sunday.
The operator of the state-owned gas transmission system revealed that Ukraine will maintain its gas imports to a high level, 16,3 million cubic meters (mcm), on Sunday. Data suggested that Ukraine would import gas from Hungary, Slovakia and Poland. Ukraine increased its gas imports dramatically last week, following a series Russian missile attacks that targeted Ukrainian gas sector installations in recent months. In January, Russia launched missiles and…
Operator data indicates that Ukraine will double its gas imports by Wednesday
Data provided by the operator for the state-owned gas transmission system revealed that Ukraine intends to double its daily imports of gas on Wednesday, to 5 million cubic meters (mcm). The operator did explain the reason for the increase. However, temperatures in central Ukraine can fall to minus five degrees Celsius (23 degree Fahrenheit) at this time of the year. Ukraine imports large volumes of gas, and it has underground storage facilities to meet the demand for winter heating.
Operator data shows that Ukraine's gas imports soared on Wednesday.
According to the data provided by the operator, the state-owned gas transmission system, Ukraine intends to double its daily imports of gas on Wednesday. According to data from the operator, Ukraine will import approximately 5 million cubic meters (mcm), up from 2.6 millions on Tuesday. The operator didn't explain why imports increased, but Ukraine experienced frost over the past few days. Temperatures can fall to as low as minus 5 degrees Celsius in the center of the country.
Dominion Energy costs for its Virginia offshore wind farms rise by 9%
Dominion Energy, a U.S. utility company, said that the estimated project costs of its Coastal Virginia off-shore wind farm had increased by about 9% on Monday to $10.7 billion because of higher network upgrade expenditures. The project, which is estimated to be 2,600 megawatts (MW), is made up of 176 turbines that can each generate 14.7 MW. It is located about 27 miles (43.5 km) off the coast Virginia Beach and will be the largest offshore windfarm in the United States.
Sources say that US energy company Talos is set to name Shell CEO Goodfellow its next CEO
Two people with knowledge of the matter confirmed on Sunday that Talos Energy is preparing to appoint veteran Shell executive Paul Goodfellow, as its new CEO. Sources said that the appointment of Goodfellow who is currently the chief internal auditor for Shell is expected to be made this week. They requested anonymity as the matter was confidential. Goodfellow succeeds Tim Duncan, the long-time founder and CEO of Talos. Duncan abruptly left the firm in August after 12 years of service. He had helped it become the fifth largest oil and gas producer in the U.S.
New England grid oil-fired electricity surges 10-fold during cold weather
New England's electricity grid relied heavily on oil-fired generators during a cold snap in January, with a surge of more than 10 times the previous year. New England's electric grid produces more greenhouse gases when power plants use more fuel oil. This is in contrast to times when cleaner fuels were more common. Gas is the dominant fuel in New England, but generators often switch to alternative fuels when gas prices rise or supplies become scarce. According to EPA statistics…
