Sunday, February 16, 2020

Gas Flows News

Asian LNG Prices Little Changed in Quiet Trade

© Igor Groshev / Adobe Stock

Asian spot prices for liquefied natural gas (LNG) were little changed this week amid quiet trade and low liquidity.The average LNG price for February delivery into northeast Asia was estimated at around $5.10-$5.20 per million British thermal…

Cheniere Working on Sabine Pass Trains 3, 4

The cheniere Sabine Pass facility (CREDIT: Cheniere)

Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility.The company…

South-Khadyryakhinskoye Gas Flows

Image: Novatek

Russian largest independent gas producer and LNG player Novatek has begun commercial production at the South-Khadyryakhinskoye gas field, whose capacity is estimated at about 1 bcm of natural gas per year.“The South-Khadyryakhinskoye field…

Sinopec to Develop Weirong Shale Gas Field

Sinopec Corp, China's biggest shale gas operator, said on Monday it plans to develop a new field this year able to produce 1 billion cubic meters (bcm) of shale gas annually.The state-run company said the field will tap a proven reserve…

U.S. LNG Exports Soar, Europe a Big Buyer

File image: LNG tanker transiting the Med (Credit: Robert Murphy)

U.S. LNG to Europe may squeeze out smaller gas suppliers.Shipments of U.S. liquefied natural gas (LNG) have gathered pace in March and Europe is set to stay a top destination for spot cargoes with Asian prices still too low to ship the chilled fuel that far.But winter demand for gas is fading…

PetroChina Strikes Large Flows in Tarim Exploration Well

PetroChina Co Ltd struck sizeable oil and gas flows in an exploration well in the Tarim basin of the remote northwestern region of Xinjiang, marking a breakthrough in exploring an earlier untapped region, parent CNPC said on Thursday.Zhongqiu-1 well tested a daily natural gas flow of 330,000 cu

Britain's Cuadrilla Extracts First Shale Gas at English Fracking Site

© goce risteski / Adobe Stock

Cuadrilla extracted its first shale gas from its site in northwest England, it said on Friday, after it began fracking operations there just over two weeks ago.Cuadrilla said the gas flows were small but coming at such an early stage of…

Texas Waha Natgas Prices Dive 60 pct to Record Low on Pipeline Constraints

Photo: Kinder Morgan

Next-day natural gas prices for Thursday at the Waha hub in the Permian basin tumbled 60 percent to their lowest on record due to pipeline constraints limiting the amount of gas that can move out of the region.Prices for Thursday at the…

Oil Rises on U.S.-Iran Tension

© Ian Holland / Adobe Stock

Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.Iranian Supreme Leader…

Total's North Sea Oil Platforms Hit by 24-hour Strike

Around 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption.The platforms halted production at 0500 GMT…

North Sea Forties Pipeline Ramps Up Again Slowly

Buzzard oilfield restarts, pumping below full rate-source; Forties has temporary flow restriction. Oil and natural gas flows along Britain's biggest and most important oil pipeline, Forties, were ramping up slowly on Thursday as the system…

US Natgas Production Dips After Pipeline Fire in Ohio

U.S. natural gas production was expected to decline by about 2 percent on Thursday from earlier in the week due in part to an unexpected shutdown of a couple of pipelines in Ohio after a fire early Wednesday, according to Reuters data. The…

PGNiG Agrees Deal with Operator on Norway Gas Flows

Poland's state-run gas firm PGNiG has signed an agreement with a gas system operator for the transmission of gas from Norway to Poland via Denmark through a planned Baltic Pipe pipeline in 2022-2037, PGNiG said in a statement on Monday.

Statoil Works to Restart Troll A Gas Platform

File Image: one of Statoil's Troll installations located in the North Sea. (CREDIT: Statoil)

Norway's Statoil is working on start-up procedures to restore gas production from its Troll A platform in the North Sea, which was shut on Tuesday following a power outage and a related gas leak, the firm said on Wednesday. Tuesday's Troll…

Lundin Cuts Output From Edvard Grieg Field

Production at the Edvard Grieg field off Norway had to be temporarily reduced following the Forties pipeline shutdown, the field's operator, Lundin Petroleum, said on Tuesday. "Following the Forties pipeline shutdown, Lundin Petroleum has…

Gazprom Signs LNG Supply Deal with Ghana

Russian gas giant Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas, a subsidiary of Gazprom Marketing & Trading Group said on Monday. Gazprom Global LNG Limited (GGLNG) said LNG supplies were due to start in 2019.

Gazprom Doesn't Rule Out More Rival LNG to Europe

Russian gas giant Gazprom did not rule out an increase in liquefied natural gas flows to Europe from its rivals, though Asian markets are more attractive for the fuel due to higher prices, a company official said on Wednesday. "There is…

Norway Gas Flows to UK Expected to Resume

Norwegian gas flows to Britain through the Langeled pipeline, which has seen an unplanned outage since Wednesday afternoon, are expected to resume later in the day, operator Gassco told Reuters. "The flow will be back quite soon. We think that at the moment," said a company spokeswoman.

Emerson Launches Salinity Measurement System

Photo: Emerson

Emerson Automation Solutions launched the Roxar Salinity Measurement System for the sensitive, accurate and real-time measurement of saline water in gas production well streams at the Offshore Technology Conference (OTC) in Houston this week.

Gazprom eyes Rival TAP Pipeline

TAP aims to reduce EU dependence on Russian gas, but Gazprom could gain access via open auction. Gazprom's bid to tap into a pipeline meant to wean Europe off Russian gas threatens to undermine a pillar of European energy policy and slow…