JERA in Talks to Buy $1.7b of US Natural Gas Assets
Japan's top power generator JERA is in advanced talks to buy natural gas production assets in the U.S. for around $1.7 billion, people familiar with the matter said, the latest example of the Asian nation investing in America's energy sector.JERA emerged as the top bidder for the assets owned by GEP Haynesville II, a joint venture between Blackstone-backed GeoSouthern Energy and pipeline operator Williams Companies, after banks solicited offers in recent weeks, the people said, asking not to be identified because the discussions are private.The deal would mark JERA's first foray in shale gas production…
Chevron, Israel Natural Gas Lines to Begin Construction of Gas Pipeline to Egypt
Chevron has signed a deal with state-owned pipeline operator Israel Natural Gas Lines to kickstart construction of the Nitzana natural gas pipeline to transport gas from the Leviathan gasfield to Egypt, the U.S. company said on Tuesday.Nitzana would ease an energy crisis in Egypt, which has spent billions of dollars on importing liquefied natural gas and is part of a concerted effort to boost Israeli gas exports to the Arab world's most populous nation.Last month, the owners of the Leviathan natural gas field off Israel signed a $35 billion export deal to supply gas to Egypt.
Chevron and Israeli pipeline operator will launch new gas pipeline towards Egypt
Chevron announced on Tuesday that it had signed a contract with Israel's pipeline operator, a state-owned company, to begin construction of the Nitzana pipeline. The pipeline will transport gas from Leviathan to Egypt. Nitzana will ease Egypt's energy crisis. Egypt has spent billions on the importation of liquefied gas. This is part of an effort to increase Israeli gas exports into the Arab World's largest nation. The owners of Leviathan, a natural gas field located off Israel, signed a deal worth $35 billion last month to export gas to Egypt. Leviathan is owned by NewMed Chevron Ratio Energies.
Shell Signs 10-year Gas Supply Deal with MVM CEEnergy
Oil and gas major Shell signed a 10-year natural gas deal with Hungary's MVM CEEnergy on Tuesday, in a move designed to strengthen its presence in central and eastern Europe.Shell, the world’s biggest liquefied natural gas (LNG) trader, said it would sell around 200 million cubic metres (mcm) of natural gas a year to the Hungarian natural gas wholesaler MVM CEEnergy, beginning in January 2026.MVM Group receives a large amount of its gas from Russia, unlike energy providers in most European countries following…
Energy secretary: Russian gas sales to China will not harm US
Energy Secretary Chris Wright stated on Friday that the U.S. fuel exporters would not be affected by any Russian gas sales to China. Russia and China approved a new gas pipeline, Power of Siberia 2 this week. This shows that Chinese President Xi Jinping has no regard for Western demands to back off from a deeper partnership with Moscow. Wright praised the Trump administration’s focus on expanding rapidly the liquefied gas exports during an event held at the Council on Foreign Relations on Saturday. Wright told…
Putin: Gas pipeline from China to Russia will benefit both countries, calculate price using market formula
The Russian President Vladimir Putin stated on Friday that Power of Siberia 2 was a "mutually-beneficial project". He also said the price of gas would be determined by a formula similar to those used to supply gas to Europe. Russia proposed this route years ago. However, the plan is now more urgent as Beijing has been identified as the best alternative to Europe. Europe wants to reduce its dependence on Russian energy due to Moscow's invasion of Ukraine in 2022. Russia and China signed an agreement to build the pipeline on the occasion of Putin's China visit this week.
Operator says Ukraine gas interconnector is still operational after Russian attack
The Ukrainian gas transmission operator reported that the interconnector Orlovka in southern Ukraine, which was attacked on Wednesday by Russian drones, continued to supply gas on Thursday. On Wednesday, Ukrainian officials claimed that Russia had hit a gas station in the southern Odesa region of Ukraine used to import LNG imported from Azerbaijan and the U.S., which undermined winter preparations. An official of the operator said on Thursday that deliveries are being made the same way as before. On Thursday, the operator announced that 0.42 million cubic meters of gas would be pumped into Orlovka near the Romanian border.
Russia Strikes Ukrainian Gas Interconnector
Russia has struck a gas pumping station in Ukraine's southern Odesa region used in a scheme to import LNG from the U.S. and Azerbaijan, undermining preparations for winter, Ukrainian officials said on Wednesday.President Volodymyr Zelenskiy said the gas infrastructure had been attacked in the village of Novosilske on the border with Romania, where the Orlovka interconnector, through which Ukraine receives gas via the Transbalkan route, is located."This was a deliberate blow to our preparations for the heating season…
ExPro analyst says that Ukrainian gas reserves are at their lowest level in 12 years.
ExPro, an analysis firm, said that Ukraine's reserves of gas are the lowest they have been in 12 years. Storage facilities are currently less than one-third full. This estimate comes after Ukrainian president Volodymyr Zelenskiy accused Moscow earlier of deliberately undermining Ukraine's winter preparations following a Russian attack on a gas plant in the southern Odesa Region. ExPro reported on Wednesday that Ukraine had 10 billion cubic meters of gas stored underground as of August 5. One bcm was pumped into storage over the past 19 day. ExPro said that Ukraine needs to store around 13 billion cubic metres of gas for winter.
US investors target strategic Bulgarian gas storage
Five people with knowledge of the matter report that two American financiers with the support of a former campaign manager for U.S. president Donald Trump approached Bulgarian authorities about a potential investment in a government-owned underground gas storage facility stocked primarily with Russian natural gases. The group, led by Stephen P. Lynch (a Florida financier trying to purchase a gas pipe linking Russia to Germany) and Fei Wang (another U.S.-based investor), is looking at ways to take part in a government plan worth millions of euros to double the capacity Bulgaria's only underground gas storage facility, called Chiren.
Analysts say that 'deep pockets' may help Abu Dhabi gain regulatory approval for Santos' bid.
Analysts say that the Australian regulators who are concerned about gas supplies in Australia will be closely monitoring Abu Dhabi National Oil Company's bid of $18,7 billion for Santos. However, they could be won over by promises to accelerate new projects. Analysts say that Santos' shares closed Tuesday at A$7.73, a far cry from the $5.76 per share (A$8.89), which was the proposed takeover bid for Australia's 2nd largest gas producer, announced on Monday. This indicates investors believe that the deal will be rejected by regulators.
Wind opponents sue Trump Administration to block New York wind projects
Fishing companies, as well as offshore wind opponents, filed a suit on Tuesday to challenge the Trump administration’s decision to reverse its course and allow construction on Empire Wind to resume. Empire Wind is a $5 billion project for a wind farm off New York’s coast. Protect Our Coast New Jersey and Clean Ocean Action along with ACK for Whales, 12 fishing industry participants, filed a lawsuit in Trenton federal court, New Jersey to reinstate a stop-work order Interior Secretary Doug Burgum had issued in April, halting the construction of Equinor’s wind project.
Nigerian oil sector enters new phase of growth thanks to local firms
Nigeria's oil and gas industry is undergoing a major shift as local companies take on a greater role, resulting in a new phase for innovation and growth. The companies that are leading the charge include those who have purchased onshore and shallow-water assets from oil majors, which plan to invest billions of dollars in developing abandoned fields. Even smaller producers are contributing. For example, Nigeria's Otakikpo crude terminal was the first onshore crude terminal to be developed and operated locally. It began loading operations Monday. It was built by Green Energy Limited in the OML11 block near Port Harcourt.
Japan will send a senior official for the Alaska energy conference
Yoji Muto, Japan's Economy, Trade and Industry minister, said on Friday a senior official would attend a conference in Alaska next week, at which the $44 billion Alaska LNG Project is expected to come up for discussion. Muto announced that Takehiko Matsuo will be the Vice-Minister of International Affairs for the Ministry. The conference is scheduled to take place from June 3 to 5, Muto stated. The conference begins the day after the Trump administration scheduled talks. It invited officials from Japan and South Korea to Alaska to discuss a wide range of projects, including a gas pipeline. Asian governments are considering U.S.
US invites Asian officials in Alaska to explore $44 billion LNG project
Two people with knowledge of the plans said that the U.S. invited officials from Japan and South Korea to Alaska to discuss a gas pipeline project. Asian governments are considering U.S. investment in hopes of relief from the tariffs imposed by President Donald Trump. The sources, who requested anonymity because the details were not made public, said that Trump's Energy Czar, Interior Sec. Doug Burgum and Energy Sec. Chris Wright would host the event on June 2. One source confirmed that the event would include a trip to Alaska's North Slope. This is where the U.S.
TASS: Russian and Chinese companies in active discussions on Power of Siberia 2, gas pipeline
According to the Russian state news agency TASS, Russia and China have reached an "active" stage of negotiations on a new proposed gas pipeline, Power of Siberia-2. The pipeline would carry Russian gas through Mongolia to China. However, they are unlikely to sign a deal in the next few days, said Energy Minister Sergei Tsivilev. This week, Chinese President Xi Jinping will be in Moscow to celebrate the 80th anniversary since World War II's victory over Nazi Germany. The companies are working to finalize the contract. "They are in active negotiations. I don't think they can do it before the 9th of May," he said.
TurkStream gas pipeline may slow down EU-Russia decoupling
May 7 - While the European Commission has announced a revised plan to wean Europe off Russian energy completely by 2027, some parts of Europe have taken the opposite approach. The TurkStream pipeline is not only still operating, but has expanded its gas supply. Since the beginning of the conflict in Ukraine, Russian gas exports have dropped dramatically. They went from more than 155 billion cubic meters (bcm), in 2021, to less than 40 bcm by 2024. In the same time period, Russian LNG exports to the EU almost doubled, reaching around 25 bcm. France, Belgium Spain and the Netherlands bought over 90% of these volumes.
Malaysia's Petronas has secured extra gas supplies after being hit by the Putra Heights pipeline explosion
Petroliam Nasional, the Malaysian oil-and-gas giant, said it had secured additional supplies of gas to minimize the supply disruptions that were caused by the massive fire that broke out at the Putra Heights Pipeline earlier in the month. PETRONAS Energy & Gas Trading has acquired an additional 155 million cubic feet of gas per day, bringing the total volume of supply to 400 MMSCFD through the Trans Thailand-Malaysia gas pipeline system (TTM), the company announced. Petronas stated that the increased supply of fuel…
South Korea hosts Alaska Governor, energy team amid talks of gas pipeline
Alaskan state officials, including the governor, and energy officials will visit South Korea Tuesday amid expectations that talks with U.S. ally countries in Asia can revive a natural gas project that has been stalled. The main U.S. Business lobby in Seoul announced that the delegation of Governor Mike Dunleavy will include representatives from the Glanfarne Group, which is a partner on the project to transport natural gas from Alaska's remote northern region via a $44-billion pipeline, and the state agency for gas.
Prices rise following reports of a strike at Sudzha Gas Metering Station
The Dutch and British wholesale prices for gas rose on Friday after reports of a striking at the Sudzha gas station, which was the point where Russian gas used to enter Europe via Ukraine. LSEG data revealed that the Dutch contract for Winter 2025 was up 1,93 euros at 43.35 Euros/MWh at 0830 GMT. The Dutch contract for front-month was also 1.70 euros higher at 44.55 Euros/MWh. The April contract in Britain rose by 3.97 pounds, to 108.32 cents per therm. Ukraine's army, citing media, reported an early Friday strike on the Sudzha Gas Pumping and Measuring Station in western Russia's Kursk Region.