Energean, a UK-based company, signs a 15-year contract for the transmission of Israeli gas
Energean, a British gas producer, announced on Friday that it had signed 15-year contracts for the planned Nitzana gas pipeline from Israel to Egypt. The agreement was part of a $4 billion contract with Israel. Energean reported that the deal with Israel Natural Gas Lines, a state-owned pipeline operator, covers a transmission of up 1 billion cubic meters of natural gas each year. There are options to extend and terminate early. Energean stated that the Nitzana Pipeline will run from Ramat Hovav, in southern Israel, to the Egyptian border, near Nitzana.
EUROPE GAS - Prices rise after Ukraine attacks on gas infrastructure and colder forecasts
Dutch and British gas rates rose on Monday morning, as colder weather forecasts increased demand for heating. Worries over Russian attacks against Ukrainian gas production may also have contributed to the increase. LSEG data shows that the benchmark Dutch front-month contract was 32.70 euros per Megawatt Hour (MWh) or $11.19/mmBtu at 0935 GMT. This is an increase of 1.32 euros. The Dutch day-ahead contracts was up 1,74 euros to 32,74 euros/MWh. The British day-ahead contracts rose by 10.34 pence, to 81.00 cents per therm.
Targa will build a 500-mile NGL pipe in Permian
Targa Resources announced on Tuesday that it will construct a 500-mile natural gas liquids pipeline from its plants located in the Permian basin to its fractionation, storage and distribution complex in Mont Belvieu in Texas. The Speedway NGL Pipeline will cost approximately $1.6 billion, and have a capacity of 500 thousand barrels a day at first. The pipeline with a diameter of 30 inches is expected to enter service in the third quarter 2027. The pipeline operator is also building a natural-gas processing plant called Yeti in the Permian-Delaware basin of Texas. It has a daily capacity of 275 millions cubic feet.
How Canada's Haisla become the first Indigenous LNG owner in the world
Maureen Nyce wore a hardhat and a safety vest during an August visit to Cedar LNG's pipeline site, not as a dignitary visiting or cultural emissary, but as the owner. Haisla, who have lived on Canada's Northwest Coast for over 9,000 years, own 50.1% of the $4 billion Cedar LNG export project in Kitimat. The remainder is owned by Calgary-based Pembina Pipeline. The world's first majority-Indigenous-owned LNG project, expected to be operational in 2028, could drastically change the future of Nyce's people and serves as a test case for Canada…
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.
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.
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.