International

Squeezed by High Natural Gas Prices, Uniper Turns to German Government for Aid

Squeezed by High Natural Gas Prices, Uniper Turns to German Government for Aid

Germany’s Uniper SE, the country’s largest utility and biggest importer of Russian natural gas, has asked for a government bailout after Gazprom PJSC reduced supplies from the Nord Stream 1 pipeline last month by 60%.   Uniper filed a formal application under Germany’s Energy Security Act (EnSiG) asking the government to take a stake in the…

July 8, 2022
South Asia Buyers Again Sidelined by High LNG Spot Prices

South Asia Buyers Again Sidelined by High LNG Spot Prices

High liquefied natural gas (LNG) spot prices have again pushed India, Pakistan, and Bangladesh out of the market.  As Russia’s war in Ukraine continues, and the Kremlin has limited exports, European countries have rushed to replace Russian pipeline gas with LNG imports, creating a competitive and expensive global spot market that’s made some small and…

July 7, 2022
Tenaris Welding Pipes for Vaca Muerta Pipeline as Argentina NatGas Production Continues Rise

Tenaris Welding Pipes for Vaca Muerta Pipeline as Argentina NatGas Production Continues Rise

Global steel manufacturer Tenaris SA has won a contract for the natural gas pipeline that would connect Argentina’s Vaca Muerta shale formation to capital Buenos Aires and other large consumption areas. After three years of “low activity,” Tenaris’s mill in Valentín Alsina, Buenos Aires, is set to start operations to supply welded pipes for the…

July 6, 2022
European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…

July 5, 2022
NextDecade Nets 1 MMty Contract with China Gas, Continuing ‘Acceleration’ of Offtake Agreements

NextDecade Nets 1 MMty Contract with China Gas, Continuing ‘Acceleration’ of Offtake Agreements

NextDecade Corp. announced its third long-term contract with a Chinese company for liquefied natural gas (LNG) offtake as it prepares to possibly sanction the first two trains of its Rio Grande LNG project this year. Houston-based NextDecade disclosed Tuesday it has clinched a 1.0 million metric ton/year (mmty), 20-year sales and purchase agreement (SPA) with…

July 5, 2022
Bloom Energy Revs Up Natural Gas, Hydrogen in Europe With Ferrari Behind the Wheel

Bloom Energy Revs Up Natural Gas, Hydrogen in Europe With Ferrari Behind the Wheel

Ferrari SpA has become the frontrunner in Bloom Energy Corp.’s race to expand into Europe after the luxury sports car manufacturer announced it has installed solid oxide fuel cells at its headquarters in Maranello, Italy.  The Bloom Energy Server 5 now generates about 5% of the energy needed at the facility, with the potential for…

July 5, 2022
Russia Moves for Control of Sakhalin-2 LNG, Jeopardizing Foreign Ownership Stakes

Russia Moves for Control of Sakhalin-2 LNG, Jeopardizing Foreign Ownership Stakes

Russia is moving to further tighten its grip on the nation’s oil and natural gas supplies, issuing a decree for the country to take over the Sakhalin-2 liquefied natural gas (LNG) export project on Sakhalin Island north of Japan.  An executive order signed by Russian President Vladimir Putin to “protect the national interests” calls for…

July 1, 2022
Kogas, TotalEnergies to Consider LNG Opportunities

Kogas, TotalEnergies to Consider LNG Opportunities

Korea Gas Corp., aka Kogas, is partnering with TotalEnergies under a tentative agreement to develop more liquefied natural gas (LNG) marketing and development opportunities. Under a memorandum of understanding (MOU), South Korea’s state-run Kogas and the French supermajor could cooperate on improving LNG and low-carbon energy trading to increase price stability for the country. Kogas…

July 1, 2022
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth

While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

June 30, 2022
Prelude FLNG Cancels Cargo Deliveries Amid Union Strike

Prelude FLNG Cancels Cargo Deliveries Amid Union Strike

The Prelude floating liquefied natural gas (LNG) export facility offshore Western Australia has canceled cargo deliveries through mid-July as labor unions representing workers on the vessel initiate work stoppages. Shell plc told multiple news outlets this week that it has notified customers of the cancellations, citing the impacts of a strike that started on June…

June 29, 2022
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