National Grid plc has asked Massachusetts regulators to approve a deal with Constellation Energy Corp. that could keep the Everett LNG terminal open to serve almost one million East Coast natural gas customers during periods of peak demand. With its 1,400 MW Mystic Generating Station slated for retirement later in the year, Constellation has said…
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Additional LNG Import Projects Progress in Europe as Developers Weigh Energy Transition
New additions to European LNG import capacity are moving forward as developers straddle the line between a current natural gas supply shortage and the region’s forecasted pivot to alternative fuels in the next decade. Hanseatic Energy Hub (HEH) GmbH disclosed it expects to reach a final investment decision “in the coming weeks” on Germany’s first…
EU Progresses Plan Allowing Members to Ban Russian LNG, Pipeline Gas Imports
European Union (EU) member countries may be allowed to ban natural gas pipeline and LNG imports from Russia and Belarus in the near future, potentially increasing tensions with some of the bloc’s largest importers of the super-chilled fuel. A proposed resolution endorsed on Friday by the European Parliament and the EU Council would give member…
Norway Encourages E&Ps to ‘Think Outside the Box’
Pipeline flows of natural gas from Norway have helped the European Union maintain a tight supply balance, along with demand cuts and record LNG imports, but the country’s oil and gas authority reports that most of the discovered reserves remain untapped. In an updated survey of the natural gas discoveries, the Norwegian Petroleum Directorate (NPD)…
Eni’s African Natural Gas, Oil Strategy Continues with First Production From Baleine Field
Eni SpA said this week it has produced the first natural gas and oil from the Baleine field offshore Côte d’Ivoire as the Italian supermajor progresses plans to tap African resources to recover declining natural gas sales volumes. Eni expects the first phase of Baleine production to reach a max of 15,000 b/d of oil…
Latin American LNG Imports Flat So Far in 2023, with Chile Top Buyer
Latin American LNG imports so far this year haven’t changed compared to last year as drops in Brazil imports are being offset by gains elsewhere. From Jan. 1 through to Aug. 29, Latin American imports of liquefied natural gas were 8.42 million tons (Mt), compared to 8.3 Mt in the same period last year, according…
Additional LNG, Natural Gas Storage Facilities Needed to Reduce German Supply Risk, INES Says
Germany, Europe’s largest natural gas user, will continue to be at risk of supply shortfalls for the next four years until additional gas storage capacity and LNG terminals can be placed online, according to the country’s gas storage system operator. System operator Initiative Energien Speichern eV’s (INES) forecasters plotted outcomes for “normal, warm and cold…
Europe’s Drop in Summer LNG Imports, Hefty Storage Could Still Spell Upside Risk in Winter
Europe’s hefty natural gas storage and diminished natural gas demand has led to months of decline in LNG imports, but global competition still presents an upside price risk for winter in a tightening market. European LNG imports dropped from May to June after peaking at 9.50 million tons (Mt) in April. However, the month-on-month decline…
EU’s Plan to Reduce Reliance on Russian Energy is Missing LNG Sanctions, Bruegel Says
While the European Union has been working more than a year to replace Russian pipeline gas and decrease the country’s influence on the European economy, imports of Russian LNG have been ticking upward. The EU may need further sanctions on LNG if it’s serious about kicking Russian fossil fuels, according to a European think tank.…
LNG Takes a Backseat in China Amid Country’s Broader Natural Gas Market Reforms – Column
Incredible rates of growth in fuel switching and infrastructure development allowed China to go from first time LNG importer to a short stint as the world’s largest in 2021.