Saudi Arabia Looks to Raise Pipeline Export Capacity by 10 Million BDP
Saudi Arabia is looking to expand its pipeline crude export capacity to as much as 10 million barrels per day by repurposing a domestic gas pipeline and investing in its existing East-West network, Energy Minister Prince Abdulaziz bin Salman said on Monday.Saudi Arabia could add up to 1.2 million barrels per day of oil export capacity within seven to eight weeks by temporarily converting a gas pipeline for crude shipments.Up to 3 million bpd could be added in total with further investment, Abdulaziz said at the World Petroleum Congress in Riyadh.The minister said he had told Saudi Aramco it could use the pipeline for oil transport u
US Court Reverses NJ permit for Williams NESE Natural Gas Pipeline
The U.S. Third Circuit Court of Appeals reversed a key New Jersey water permit for U.S. energy company Williams Cos' long-delayed Northeast Supply Enhancement (NESE) natural gas pipeline project in Pennsylvania, New Jersey and New York.The court said in a ruling on Tuesday that it granted petitions by environmental groups, vacated the Water Quality Certification and remanded the case to the New Jersey Department of Environmental Protection (NJDEP).“Following the Third Circuit's decision, we are working promptly…
China taps deep shale deposits in Sichuan to boost its gas production
Sinopec experts and industry consultants say that China is increasing gas drilling in deeper, more ancient shale deposits of the Sichuan Basin, which could increase domestic production by over a third before 2035. State oil giants, whose shale-gas output is below government targets, and only 10% of China's gas production, are working to stop the slowdown by drilling 5,000 meters (16,400 feet) deep. Sinopec, the state oil giant, announced last month that it had discovered 236 billion cubic meters (bcm), or proven gas reserves in the Ziyang Dongfeng Project located 4,500 metres below the surface.
Bulgarian Expansion of Gas Infrastructure Remains on Schedule
Bulgaria's works to expand its energy infrastructure as part of a planned new route to carry gas between Greece and Ukraine are making progress and are running on schedule, Prime Minister Rumen Radev said on Thursday.Seeking to counter the influence of Russian oil and gas in southern Europe, the United States last year signed a long-term deal to export liquefied natural gas to Greece, and on through Bulgaria and Romania to Ukraine via the so-called Vertical Gas Corridor, a route that would also allow gas flows in the opposite direction."Bulgaria is fulfilling its commitments," Radev said in a joint statement with Greek Prime Ministe
Nigeria, Morocco to Sign Atlantic Gas Pipeline Deal in Q4 2026
Nigeria and Morocco expect to sign an intergovernmental agreement in the fourth quarter of 2026 to advance a major Atlantic coast gas pipeline project, Nigeria's foreign ministry said.The planned agreement, to be signed by Nigerian President Bola Tinubu and Morocco's King Mohammed VI, follows preliminary technical studies on the Nigeria-Morocco Gas Pipeline, also known as the African Atlantic Gas Pipeline.The development was discussed during a telephone call last Friday between Nigeria's Foreign Minister Bianca Odumegwu-Ojukwu and her Moroccan counterpart Nasser Bourita, the ministry said in a statement, seen by Reuters on Tuesday.T
Libya launches trial run of gas pipe as NOC pushes for export growth
Libya's National Oil Corporation announced late Monday that it had begun a trial operation of a gas pipeline, which has been delayed for a long time. The company hopes to ease production bottlenecks as well as support future exports. Since 2011, the political and economic turmoil in North Africa has hampered its ability to attract investment and increase output. NOC, the country's second-largest oil producer and member of OPEC, has been trying to reverse this trend by announcing recent discoveries of oil and gas and awarding exploration blocks in the first licensing round it held since 2007.
Nigeria, Morocco to Sign $25b Gas Pipeline Agreement
An intergovernmental agreement (IGA) on a planned $25 billion Nigeria-Morocco gas pipeline will be signed this year, the head of Morocco's hydrocarbons and mining agency (ONHYM) said.Agreed a decade ago, the project - known as the African Atlantic Gas Pipeline - would run 6,900 km on a hybrid offshore-onshore route with a maximum capacity of 30 billion cubic metres (bcm), including 15 bcm to supply Morocco and support exports to Europe, ONHYM's Amina Benkhadra told Reuters by email.The pipeline, which has the backing of the Economic Community of West African States (ECOWAS), has completed its feasibility study and front-end engineer
Market operator: Australia gas supply crunch will be delayed until 2030
The feared gas shortage in Australia's east has been delayed by one year, to 2030. This is due to the coal power extension, falling consumption, and rapid battery uptake. "Practical actions make a difference." "More renewables, batteries and sensible gas policies improve energy security and put Australia in a better position," said Minister for Climate Change and Energy Chris Bowen in a press release. The federal government, citing a shortage of gas, told Queensland LNG exporters in December to reserve 25%?of their gas to be used domestically starting 2027.
Poland Invites Offers for New LNG Terminal Ahead of Investing in Second Regasification Vessel
Polish gas pipeline operator Gaz-System said on Friday it has opened registration for parties interested in booking long-term capacity for regasified LNG as it decides whether to invest in a second regasification vessel in Gdansk.Gaz-System is building a liquefied natural gas terminal in the Polish port with a regasification capacity of 6.1 billion cubic meters (bcm) of gas per year.
Gazprom claims that TurkStream pumping stations and other facilities were attacked
Gazprom reported Wednesday aerial attacks against its southern Russian facilities, including the Russkaya Pumping Station that exports natural gases via the 'TurkStream' subsea gas pipeline to Europe. However, the company added that the attacks were all foiled. The facilities, 'linked to the TurkStream or Blue Stream pipelines', were attacked 12 times in the last two weeks. In an attempt to reduce Russia's military capability, Ukraine has intensified its attacks on Russian energy infrastructure including oil refineries.
Peru taps its fuel reserves to fight worst energy crisis in 20 years
Denisse Miralles, the Prime Minister, said that 'the Peruvian government will use its fuel reserves to safeguard the domestic supply.' This comes after a gas pipeline rupture triggered what has been described as the worst energy crisis for 20 years. She added that the government will encourage public and private sector employees to work remotely, while converting schools to online education. Emergency measures were taken after the suspension of natural gas exports by Peru on Thursday, as it tries to control the consequences of Sunday's gas-pipeline explosion that snuffed out energy supplies and caused a power crisis.
China's five-year plan targets stable oil production, increased gas and stockpiling
China announced on Thursday that it would set a target for its annual oil production of 200 million metric tonnes (4 million barrels per day) as part of its next five-year plans. This is a goal?it had already exceeded last year. The country also promised to 'expand' the size of its strategic oil reserves, which are not publicly disclosed. This target is an extension of the 2022 goal by China's National Energy Administration to increase output to 200 millions tonnes by 2025. The target is still lower than the 216 million tonnes reached last year, after a seven-year effort to reverse production declines.
Exxon’s Uaru project and Whiptail project in Guyana is moving ahead of schedule according to an executive.
Exxon Mobil’s President of Guyana Operations said that the company's fifth- and sixth-projects in Guyana, Uaru and Whiptail, are on schedule and within budget. Alistair Routledge (Exxon Guyana president) refused to give a timeline for the start-up of projects when asked by. Whiptail, meanwhile, is expected to begin production in 2027. Uaru will produce 250,000 barrels a day, and Whiptail - 200,000. Guyana's total output will be?1.15m bpd once Uaru begins, and 1.4m bpd after Whiptail comes online. Routledge,…
Moroccan Energy Ministry Pauses Gas Pipeline Project
Morocco's energy ministry said on Monday it has paused a tender launched last month for a gas pipeline project, without giving details on the reasons for the suspension.The tender sought bids to build a pipeline linking a future gas terminal at the Nador West Med port on the Mediterranean to an existing pipeline that allows Morocco to import LNG through Spanish terminals and supply two power plants.It also covered a section that would connect the existing pipeline to industrial zones on the Atlantic in Mohammedia and Kenitra."Due to new parameters and assumptions related to this project...
India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from India's leading importers have said that the demand for liquefied gas in India is expected to increase over the next few years. This will be driven by the demand for city gas, fertilizers, power, and refining. They added that a lower price would be necessary to encourage further consumption. India is the fourth largest 'buyer' of LNG in the world and wants to increase the gas share to 15% from its current 6.2% by 2030. The market is seen as one of the key drivers for global demand but remains price-sensitive.
Kinder Morgan beats quarterly profit estimates on strong natgas demand
Kinder Morgan, which is a subsidiary of Kinder Morgan Inc., beat Wall Street's expectations on Wednesday for its fourth-quarter profits. This was due to higher volumes transported by its pipelines. In extended trading, shares of the pipeline operator increased 1.4% to $28.99. U.S. Midstream Companies such as Kinder Morgan benefit from the surge in oil production and natural gas demand in the Permian Basin. This is due to record exports of liquefied gas and an increase in power generation linked to artificial intelligence, cryptocurrency mining, and data centers.
EUROPE GAS - European benchmark hits 7-week-high on low storage, cold and geopolitics
The benchmark European gas contract reached a seven-week high due to colder weather forecasts and low storage levels, as well as increased geopolitical risk for LNG shipments. LSEG data revealed that the benchmark 'Dutch front month contract' at TTF hub had risen?0.93 euros to 29.35 euro per megawatt-hour (MWh) or $10.05/mmBtu by 0902 GMT. According to data, it briefly reached 29,69 euros/MWh - its highest level since 25 November. The Dutch day-ahead contracts was up 0.60 euro to 29.60 euros/MWh. The British gas day-ahead price increased by 3.65 pence to 77.00?pence per thermo.
Orlen, Grupa WB Collaborate to Improve Maritime Infrastructure Security
State-controlled Polish refiner Orlen and private defence technology company Grupa WB have agreed to work together to improve the security of critical infrastructure, Orlen said on Tuesday.The Baltic Sea region is on high alert following power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.Under an agreement the two companies signed, they will cooperate to ensure energy security by protecting maritime infrastructure and to counter criminal acts including terrorism, diversion, and sabotage.They said the agreement also covers the implementation of innovative unmanned systems and advanced monitoring t
Glenfarne signs 20-year LNG contract with POSCO in South Korea
Glenfarne’s Alaska LNG unit announced on Thursday that it had finalized an arrangement to supply 1,000,000 tonnes of liquefied gas per year to South Korean trading company POSCO International from its planned project for export over a period of 20 years.The agreement follows one signed in September.Since the Russian invasion of Ukraine in 2022, global demand for superchilled fuels has risen. This has led buyers in Europe and Asia into long-term supply agreements with U.S. suppliers.Glenfarne, since becoming the majority owner and lead developer of the Alaska LNG Project in March…
Gazprom reports a net profit of $1.72bn for the third quarter, compared to a loss of $1.2bn a year ago
Gazprom, Russia's largest energy company, announced on Friday that it had a net profit of $1.72 billion for the third quarter, compared to a loss of 53 billion dollars a year earlier, when the company was hit with a one-time tax. The government's decision to lower the tax burden for the company was a major factor in the financial results. After the start of the conflict between Ukraine and the EU, the company lost its main source of revenue, the European Gas Pipeline Market. Interfax, a news agency, polled analysts and found that the net profit was below expectations. They expected it to be 200 billion dollars.