International

Stonepeak Partners LP agreed this week to buy a half-stake in a new pipeline system that would move natural gas liquids (NGL) and byproducts from the Montney and Duvernay formations in Western Canada. Stonepeak bought the stake in the Key Access Pipeline System (KAPS) via Pembina Gas Infrastructure Inc. (PGI), a partnership owned 60% by…

Japan is eyeing stronger North American energy partnerships and equity investments, particularly on the Pacific Coast, as part of its strategy to strengthen energy security, according to an economic ministry official. Japan’s Takeshi Soda, Oil and Natural Gas Division director in the Ministry of Economy, Trade and Industry (METI), said the government has responded to…

European natural gas prices remained stable on Monday despite bitter cold that’s gripping the northern part of the continent. Prices spiked briefly last week as colder weather descended, but ample storage stocks and a steady flow of LNG supplies have kept a lid on both the Title Transfer Facility (TTF) and the National Balancing Point…

A combination of Norwegian production and abundant LNG imports has helped the European Union (EU) avoid gas shortages as Russia has throttled natural gas supply, but higher global prices are fueling calls for more flexibility in future supply contracts with Norway. “Non-EU member Norway has become the top supplier of gas to Europe,” Rystad Energy…

MEXICO CITY (ICIS) — European gas prices were boosted by forecasts of colder temperatures in Europe, which supported consumption for both domestic and gas-for-power demand.

BP plc and Shell plc have agreed to restructure ownership in Trinidad and Tobago’s Atlantic LNG partnership, allowing the country’s state-owned firm to increase its stake while the majors focus on further upstream investments. Under the agreement, the partnership amongst the four-train liquefaction facility would be restructured to allow the state-controlled National Gas Company of…

TotalEnergies SE is withdrawing its representatives on PAO Novatek’s board and said it would stop accounting for its 19.4% stake in the company.

Japan’s Ministry of Economy, Trade and Industry (METI) is planning a strategic LNG reserve to ensure the country has enough natural gas to meet domestic demand as global competition ramps up.  METI’s proposal is primarily aimed at preventing gas shortages and preparing Japan, one of the world’s largest buyers of liquefied natural gas, for battling…

The U.S. government has committed to exporting up to 353 Bcf of natural gas to the UK next year as part of a strategic partnership aimed at strengthening commodity markets in Europe. As a part of the initiative disclosed Wednesday, called the UK-US Energy Security and Affordability Partnership, the countries have formed a joint action…