Nord Stream AG, operator of the Nord Stream 1 and Nord Stream 2 natural gas pipeline systems, has been granted access in the security zones around the ruptured lines.
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Reduce Industry’s Methane Leaks to Boost U.S. Natural Gas Supply, Says Biden EPA
Curbing methane leaks from oil and natural gas operations would increase supplies pledged to Europe and help to reduce the impacts from climate change under a proposed rulemaking by the Biden administration. The updated rulemaking issued Friday (Nov. 11) by the U.S. The Environmental Protection Agency (EPA) would impact thousands of natural gas and oil…
Once Again, OPEC Cuts Global Oil Demand Forecast Amid Recession Headwinds
OPEC slashed its global crude oil demand outlook for a second consecutive month, citing slowing economic activity in the United States and Europe as well as ongoing pandemic-related lockdowns in China and geopolitical upheaval linked to Russia’s war in Ukraine. In its closely watched monthly market report, the cartel on Monday lowered its forecast for…
Eni Ramps LNG Output at Coral-Sul in Mozambique, but First Cargo Delayed
Eni SPA has started producing LNG at its Coral-Sul floating terminal offshore Mozambique, setting the stage for the country to soon export its first cargo. An Eni spokesperson confirmed first production and told NGI the company would announce the loading of its first cargo once the milestone is reached. The 3.4 million metric tons/year (mmty)…
New Fortress to Bring Online ‘More Than Half’ of World’s New LNG Export Capacity in 2023-2024
New Fortress Energy Inc. (NFE) expects to finish building its first “Fast LNG” unit by March and start operations by the middle of next year offshore Mexico’s east coast, with several more units to follow shortly thereafter. NFE has finalized a series of liquefied natural gas agreements with Mexican state electricity firm Comisión Federal de…
Can Natural Gas Carry the Post-Coal Electricity Market? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into Europe’s current energy crisis, the post-coal power market and what this could mean for the future of natural gas. In this episode, NGI Senior Energy Analyst Shaylon Stolk lays out the status of coal-fired power generation and the intersection…
Eni Moves to Replace Russian Natural Gas Imports as High Prices Sustain Profits
Italy’s Eni SpA saw its natural gas sales drop by almost a quarter in the third quarter of 2022 compared to year-prior levels, but soaring commodity prices led it to another high profit period as it progresses efforts to replace Russian imports and optimize its LNG business. The firm’s natural gas sales plummeted during the…
ConocoPhillips Building Global LNG Portfolio as Long-Term Resource in Energy Transition
Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production. CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term…
Is Mexico’s Natural Gas Market Adapting to the New World Order? Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Latin America editor Christoper Lenton sits down with Mexico energy expert Rosanety Barrios to talk about Mexico’s natural gas market in light of global turmoil after Russia’s invasion of Ukraine. Lenton and Barrios discuss how Mexico is now competing for natural…
Domestic Crude Production Dips as Biden Trumpets ‘Windfall’ Tax on Natural Gas, Oil Majors
Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…