Natural Gas Utilities

Alaska's Governor and State Representatives will be visiting Japan and three other Asian Countries starting this week in order to court investors for the natural gas project that President Donald Trump claims could pump trillions into the U.S. Tim Fitzpatrick, spokesperson for the Alaska Gasline Development Corporation and Glenfarne Group, said that officials from both organizations will be visiting allied Asian nations "to inform industry leaders about Alaska LNG's competitive advantages and economics", and to discuss possible opportunities. Officials want to ship liquefied gas from Alaska's remote northern region to Japan, South Korea, and Taiwan via a 1,300 km (800...

The U.S. Department of Energy announced on Wednesday that it had approved a permit extension for exports of natural gas liquefied from the Golden Pass LNG LLC, a joint venture between QatarEnergy ExxonMobil, which is being built in Texas. The $10 billion Sabine Pass project, currently under construction in Texas, will be able to export LNG to major markets in Asia and Europe with the approval of this extension. Exports could start as soon as this year. The DOE stated that it would become the ninth major export terminal in the United States once built. QatarEnergy holds 70% and ExxonMobil...

MPLX, a midstream company that focuses on expanding its Permian presence, announced Friday that it will purchase the remaining 55% of the BANGL pipeline from affiliates WhiteWater and Diamondback Energy. The deal is worth $715 million. The pipeline sector is booming with deals as companies seek to reduce costs, increase scale, and gain access attractive oil and natural gas producing regions on the U.S. Gulf Coast. The 425-mile BANGL Pipeline transports natural gasliquids from the Permian Basin of Texas to fractionation marketplaces along the Gulf Coast. The pipeline will allow liquids to reach MPLX Gulf Coast fractionation facility, which is...

As part of the Trump administration's "maximum-pressure" campaign against Tehran, the United States on Wednesday imposed sanctions on six entities in Hong Kong and China that they accused of involvement in an Iranian drone acquisition network. The U.S. Treasury Department announced that entities involved in the procurement of components for unmanned aerial vehicles (UAVs) on behalf of a firm under U.S. sanction, Pishtazan Kavosh Gostar Boshra and its subsidiary Narin Sepehr Mobin Isatis were also key suppliers to Iran's UAVs and ballistic missile program. We were unable to reach PKGB and NSMI immediately for comment. Treasury Secretary Scott Bessent stated...

The Energy Information Administration announced on Tuesday that U.S. power producers plan to retire about 8.1 gigawatts of coal-fired generation capacity in 2019. This would be roughly twice the amount retired in 2024. The EIA's analysis shows that coal retirements slowed to 4 GW last year, a dramatic decrease from the 9.8 GW annually retired over the past decade. Why it's important As a result, the country's electricity production from coal has fallen to 16%. Natural gas and renewable energy are now cheaper alternatives. Government goals based on climate change have led to a decline in coal-fired electricity, which emits...

The operator of the national gas transmission system revealed that Ukraine will increase natural gas imports on Tuesday by 8%, to 26,7 million cubic metres. Gas imports have increased by almost tenfold in the last few months after Russian missiles targeted Ukraine's natural gas facilities. "Shelling continues of gas distribution and production facilities. "We are doing all we can to make sure we have enough fuel to last through the heating season," said Prime Minister Denys Schmyhal at a government gathering. After Russian missiles attacked its gas installations, Ukraine asked its allies for help in importing more natural gas. A...

On Monday morning the benchmark Dutch gas contract traded in a narrow range, as higher wind speeds reduced gas demand for electricity generation. Meanwhile the market was monitoring updates on the U.S. and Russian talks to end war in Ukraine. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub was nearly flat at 50.75 Euros per megawatt hour, or $15.59/mmBtu by 1004 GMT. Last week, the contract dropped to 49.25 Euros/MWh - its lowest level since 29 January. The British day-ahead contracts fell 1.25 pence to 124.55 pence/therm, while the Dutch contract lost 0.32 euros at...

Duke Energy announced on Thursday that it had increased its five-year plan for capital expenditures to $83 billion. This represents a 13.7% increase, and is to meet the rising demand due to population growth in the U.S. Southeast, and expansion of data centres and advanced manufacturing. According to the U.S. Energy Information Administration, the U.S. energy demand will reach record levels in 2025 and 2020 due to new AI and cloud computing centers as well as the electrification and modernization of buildings and transport. The rapid population growth in the Southeast, where Duke is one of the largest electric utilities,...

Duke Energy raised its five-year plan for capital expenditures to $83 billion on Thursday, an increase of 13.7%. The utility is looking to improve its grid in order to capitalize on the increasing demand from data centres and increased electrification. According to the U.S. Energy Information Administration, U.S. electricity demand will reach record levels in 2025 and 2026, due to demand from data centres dedicated to artificial intelligence, cryptocurrency and homes and businesses to heat and transport. Duke plans to raise $6.5 billion in equity during its 2025-2029 capital plan, including $1billion this year. It plans to finance approximately 40%...

Stuart Young, the energy minister of Trinidad and Tobago (the largest producer in Latin America and Caribbean) said that the government is generating more revenue through LNG exports. The cargoes are sold at a price between 15 and 55 percent above the Henry Hub, he added. After five years of negotiation, the increase is a result of a revamped contract in late 2023, which set new financial conditions for participants in Atlantic LNG, the country's flagship LNG project. Prior to the revamp, LNG production in Trinidad barely reached prices near Henry Hub for cargoes that were sold to customers throughout...

The Indian Prime Minister Narendra Modi is on a two day visit to the United States starting Wednesday. He will be expected to suggest tariff reductions and increased imports of energy and defence during a meeting between President Donald Trump. Modi wants to avoid a trade war by boosting trade relations after Trump threatened reciprocal duties on many countries. This included a 25% duty on all imports of steel and aluminum. The following are the key issues that will be discussed at the bilateral meeting. Imports of Energy India intends to increase energy product imports from the United States by...

Maze Therapeutics was the latest drug-developer to list on the New York Stock Exchange. Its shares rose nearly 1% during their debut and gave the company a value of $690.37 millions. The market's muted reaction indicates that investors are still cautious, as the demand for new listings is slowly recovering after a dry spell of nearly three years. The opening price for the company's shares was $16.12, compared to an initial public offering of $16. Maze increased its IPO size to 8.75 million shares in the range of $15-$17 each, to raise $140 millions. It originally planned to sell 7.8...

Denmark's energy agency on Tuesday said it had actually approved Nord Stream 2 AG, a system of Russia's. Gazprom, consent to carry out preservation deal with. the Nord Stream 2 gas pipeline in the Baltic Sea, which was. harmed in a series of blasts in 2022. The upkeep work is necessary to decrease ecological. and security threats coming from the pipeline being filled with. seawater and staying gas, the agency stated in a. declaration. The work intends to protect the damaged pipeline by. installing customised plugs at each of the open pipeline ends to. avoid even more gas blow-out and...

U.S. oil manufacturer Chevron has actually revealed an interest in exploring for hydrocarbons in Greece, southwest of the Peloponnese peninsula and as much as the west of the island of Crete, the Greek energy ministry stated on Monday. The ministry added in a statement that it would release a. decision this week on the precise area of exploration and would. launch an international tender soon. It is a very essential advancement, part of our nationwide. method for energy self-reliance and lowering energy expenses, the. ministry said. Chevron did not immediately respond to an ask for comment. The existing research study...

Austrian oil and gas group OMV said on Tuesday it expected a positive impact of around 210 million euros ($ 215.4 million) on its fourthquarter incomes from an arbitral award linked to its German gas supply contract with Gazprom. The Vienna-based company included the favorable net effect would be tape-recorded in the tidy operating outcome of its Gas Marketing && . Power business unit. OMV stated in November it had received an award of more than. 230 million euros from the International Chamber of Commerce in. connection with irregular German gas supplies from Gazprom. Export. In a fourth-quarter trading update,...

Russian President Vladimir Putin signed a decree on Monday allowing Novatek and its melted natural gas units, along with oil firm Surgutneftegaz, to restrict public disclosure about their services. Russia began keeping some information shortly after its soldiers got in Ukraine in February 2022. Certain oil and gas stats and federal spending plan details are hidden, while banks were purchased to restrict disclosures as Moscow looks for to limit its exposure to Western sanctions. Under Russian stock exchange guidelines, noted companies are generally needed to disclose their financial outcomes, details of big offers and other considerable information. Putin included the...

The CEO of the Kremlin-controlled energy giant Gazprom stated on Thursday that Europe was harming its own commercial sector by artificially damaging demand for gas, as Russian gas exports to the area have shrivelled. Alexei Miller stated there might be gas cost shocks and supply interruption ahead, informing a conference that production was declining greatly in some European market sectors badly affected by gas price volatility. He offered no particular examples. Russian gas supplies to Europe fell sharply after Moscow sent its militaries into Ukraine in February 2022, and much of the deficiency was used up by providers from the...

President Volodymyr Zelenskiy acknowledged for the very first time on Saturday that Ukrainian forces were battling in the surprise offensive in Russia's. Kursk, as the border region's authorities rushed to leave. civilians from areas at risk. Moscow's forces remain in their sixth day of intense fights. versus Kyiv's biggest incursion into Russian territory since. the start of the war, which left southwestern parts of Russia. vulnerable before support began arriving. In an indication of the gravity of the scenario, Russia. enforced a sweeping security regime in 3 border regions on. Saturday, while Belarus, a staunch ally of Moscow, sent more....

Finland's Gasum, a crucial gas provider to the Nordic area, will stop buying and importing Russian melted gas ( LNG) in July in line with fresh European Union sanctions, the company stated on Tuesday. Gasum complies with all sanctions enforced by the EU and will not acquire or import Russian LNG since 26 July, it stated in a declaration. EU member countries on Monday embraced a 14th package of sanctions on Russia that struck the nation's gas exports for the very first time. This includes a stipulation restricting the purchase or importation of Russian LNG through European Union terminals that...

Finnish energy firm Gasum, a. key gas supplier to the Nordic area, will stop purchases and. imports of melted gas (LNG) from Russia in July in. line with fresh European Union sanction, the company said on. Tuesday. Gasum abides by all sanctions imposed by the EU and. will not acquire or import Russian LNG since 26 July, the. company stated in a declaration. EU member countries on Monday embraced a 14th package of. sanctions on Russia that hit the country's gas exports for the. very first time. This consists of a clause forbiding the purchase or import of. Russian LNG...

Chinese engineering firm Wison New Energies has decided to stop all of its continuous Russian projects, and will immediately and forever stop taking any brand-new Russian service, the business said in a LinkedIn post. The relocation will impact the approved Arctic LNG 2 task by Russia's Novatek, which had actually said last year it prepared to construct a gas turbine power station for the liquefied natural gas plant using equipment from Wison and Harbin Guanghan Gas Turbine Co. Ltd. We appreciate the great relations we have actually built with our Russian partners in the past and worth the work we...

The guv of an area in western Russia stated on Friday that Ukraine had actually shelled several settlements including the town of Sudzha, the last functional transshipping point for Russian gas exports to Europe via Ukraine. Alexei Smirnov, acting guv of the Kursk region, made no reference of any damage to the gas facilities on his Telegram channel though he said two individuals were treated for injuries at a. Sudzha hospital. He likewise stated that a domestic home was ruined as the. result of the shelling in the location, located about nine km (five. miles) from the border with Ukraine....

Ukraine has stated it will not extend a fiveyear deal with Russia's Gazprom on the transit of Russian gas to Europe when it ends at the end of the year, however options are being explored. Considering that the Ukraine war, Norway has actually surpassed Russia to become Europe's leading pipeline gas supplier and the EU has actually increased liquefied natural gas (LNG) imports from the U.S. and other countries. WHAT IS THE UKRAINE GAS TRANSIT ROUTE? The Ukraine gas transit route, concurred upon by Moscow and Kyiv in 2019, allows Russia to export gas to Europe by means of Ukraine....

The European Union and Ukraine have asked Azerbaijan to assist in conversations with Russia regarding a gas transit deal that is set to end at the end of this year, an Azeri presidential consultant told on Thursday. Yes we were approached by the EU and Ukraine to play a role in the gas transit. We are dealing with that as a facilitator, Hikmat Hajiyev, a presidential advisor, said. While the EU has actually cut most of its Russian gas imports, some central European nations still depend upon gas from Russia through a. pipeline that crosses Ukraine. Austria still gets most...