International

Ukraine’s largest natural gas and oil company has signed a tentative agreement to purchase liquefied natural gas (LNG) and hydrogen from a Canadian company looking to revive its Quebec export project. While in Washington DC, state-owned Naftogaz of Ukraine and Symbio Infrastructure announced a memorandum of understanding (MOU) for LNG supply from a proposed Quebec…

European and Asian natural gas prices continued soaring higher Wednesday with the market on edge about two key supply outages in Russia and the United States. Word on Tuesday that the liquefied natural gas (LNG) terminal on Quintana Island, TX, Freeport LNG, won’t enter full service until later this year after an explosion, as well…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast for a discussion about the supply chain for lithium, an important raw material for the energy transition that is increasingly garnering the attention of natural gas and oil producers. In the podcast, NGI’s Matthew Veazey talks to Jess Green, UK-based software…

Southwestern Energy Co. said Tuesday it has a deal with the North American subsidiary of Uniper SE to supply independently certified natural gas for domestic and international distribution. The agreement pairs Southwestern, the second largest U.S. natural gas producer, with an affiliate of Uniper, one of Germany’s largest energy supply companies, at a time when…

In a trade with Calgary’s Cenovus Energy Inc., BP plc is building its prospects offshore Eastern Canada and selling its half-stake in the Sunrise oilsands project.  Total consideration includes C$600 million cash and a variable C$600 million payment over two years. BP is gaining the 35% stake that Cenovus has in the Equinor ASA-led Bay…

In the midst of a 100-day-plus war, Ukraine is preparing for the next heating season with proposed plans to secure large volumes of liquified natural gas (LNG) from the United States. Ukraine’s President Volodymyr Zelensky said the government has begun solidifying plans for winter storage and boosting electricity production. Ukraine also plans to end all…

TotalEnergies SE has been awarded an equity stake in Qatar’s massive North Field East (NFE) liquefied natural gas (LNG) expansion project.  The French major becomes the first partner in the 32 million metric tons/year (mmty) project. It was awarded a 25% interest alongside QatarEnergy (QE), which has a 75% stake.   “This new partnership will enable…

The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.

Following a supply deal in April, Italy plans to reduce reliance on Russian fossil fuels by investing in Algeria’s natural gas and green hydrogen and by expanding its import infrastructure with two floating storage and regasification units (FSRUs). Italy is one of Europe’s largest natural gas consumers. It has three LNG import terminals with a…