Spanish integrated energy company Repsol SA expects to increase capital expenditures (capex) to pre-pandemic levels of 3.8 billion euros ($4.3 billion) in 2022, according to CEO Josu Jon Imaz. The Madrid-based firm has an exploration and production (E&P) presence in 15 countries, including an extensive portfolio throughout the Americas. The forecast increase in capex is…
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LNG Projects Await Approval From New German Government Amid Volatile Market
Germany’s new coalition government may revisit proposals to diversify the country’s natural gas supply and reduce its reliance on Russian imports. However, the new coalition government which came into office in December, has not publicly supported any plans. Stakeholders in two of three previously proposed LNG projects for the country told NGI that they expect…
Mexico Exports Slip in 4Q, but Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries
Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call last week to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…
Superior Plus, Charbone Proposing Green Hydrogen Project to Replace Propane in Quebec and Beyond
A Canadian market test of hydrogen as a substitute for propane is scheduled to start in late 2022 through a commercial trial in Quebec. Toronto-based Superior Plus Corp. said its mobile distribution arm, Superior Propane, would offer hydrogen produced by Montreal environmental energy pioneer Charbone Corp. to its 780,000 commercial and industrial clients. Superior and…
Latin America’s Importance in Energy Transition Expected to Grow, Says Yergin
The transition to lower carbon-emitting fuel resources may give Latin America a new economic edge, according to energy expert Daniel Yergin. In a conversation with NGI earlier this month, the vice chairman of IHS Markit and chair of CERAWeek said Latin America may see its fortunes rise as “enormous” amounts of copper and other earth…
SoCalGas, Bloom Energy Eyeing 2022 Hydrogen Blending Pilot
Southern California Gas Co. (SoCalGas) and Bloom Energy on Tuesday (Dec. 14) announced a hydrogen blending pilot project envisioned for the California Institute of Technology (Caltech) campus in Pasadena. The companies said they plan to generate and then blend hydrogen into Caltech’s existing natural gas network “to demonstrate how the natural gas infrastructure can be…
Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling
Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this decade, according to new analysis from Rystad Energy. Colombia is Latin America’s third-largest oil and gas producer behind Brazil and Mexico, but crude oil production this year is on track to…
Mexico’s CFE Urged to Embrace Natural Gas, Renewables Over Fuel Oil
Mexico’s state power utility Comisión Federal de Electricidad (CFE) has avoided substantial variable generation costs and greenhouse gas emissions by purchasing clean energy through competitive auctions, according to a new study commissioned by the Institute of the Americas think tank. Former Comisión Reguladora de Energía (CRE) Chairman Francisco Salazar and former CRE Commissioner Francisco Barnes…
Natural Gas Industry Turns Gaze to DC Summit, Opportunity for Energy Cooperation – Mexico Spotlight
All eyes in Mexico’s energy sector were on Washington, DC on Thursday as President Biden hosted Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador in the first summit of its kind since 2016. Ahead of the so-called “Three Amigos” summit, the Canadian Chamber of Congress, Mexican business group Consejo Coordinador Empresarial…
Tellurian Chief Sees ‘Different Pathways, Timelines’ to Advance Next Phases of Driftwood LNG
Tellurian Inc. is in no hurry to sell all of the 27 million metric tons/year (mmty) of liquefied natural gas (LNG) capacity from the proposed Driftwood export project in Louisiana even though there’s an opportunity to do so, according to CEO Octávio Simões. The company has agreed to supply 9 mmty of LNG from the…