Natural Gas Utilities

Constellation Energy, the major U.S. energy provider, defended to regulators its planned acquisition Calpine on Tuesday after consumer groups complained that the deal could give the combined company too much power in the market, according to a regulatory filing. Constellation announced in January that it had agreed to purchase Calpine for $16.4 billion. This was one of the largest acquisitions ever made by the U.S. energy industry. Later that month, the companies asked the Federal Energy Regulatory Commission for approval of the transaction. This would make Constellation, the largest independent power company in the United States. Since then, consumer groups...

The wholesale gas prices in the Netherlands and Britain fell on Tuesday as mild weather reduced demand. Market participants also watched the U.S. led talks in Saudi Arabia aimed at ending the conflict in Ukraine. LSEG data shows that the Dutch front-month contract fell by 0.53 euros to 41.75 Euro per Megawatt Hour (MWh) or $13.35/mmBtu by 0900 GMT. The British front-month contracts was down 0.50 pence to 102.50p/therm. LSEG data shows that temperatures in north-west Europe will be 0.1-0.2C milder than normal and range between 7C and 9C. This is slightly above average. Ulrich Weber, LSEG analyst, said that...

Alaskan state officials, including the governor and energy officials, visited South Korea to discuss energy collaboration on Tuesday. This was in response to President Donald Trump's call for U.S. ally countries to join an stalled pipeline project. The American Chamber of Commerce in Korea said that the Governor Mike Dunleavy delegation included officials from the Glanfarne Group, which is a partner in a project to transport natural gas from Alaska's remote northern region via a $44-billion pipeline, and the state agency for gas. Dunleavy and South Korean Industry Minister Ahn duk-geun discussed energy issues including the Alaska LNG project and...

SPP reported that energy regulators approved Thursday the Southwest Power Pool's expansion of its territory. The pool will become the first regional U.S. electrical grid to operate both in the western and the eastern interconnections. Why it's important SPP is one seven regional transmission operators (RTOs) that control the flow of electricity, as well as the markets which facilitate it. These RTOs compete for members and territory. SPP, who runs the bulk grid and wholesale market for power in 14 states of the West and Midwest, will extend its reach under an agreement signed unanimously by the U.S. Federal Energy...

Iranians are urged to reduce water consumption as dam levels drop Farmers in the United States are suffering from a nationwide water shortage The shortfall is similar to an overdrawn account By Sanam Mahoozi The water levels in the dams surrounding the capital are at an all-time low. Water rationing is expected this summer, as the country wilts from a severe drought. As water levels decline, lakes are disappearing and farmers are struggling. In cities, huge sinkholes appear. The kitchen taps often run dry, and students are concerned about the washing. Last week, the managing director of Tehran’s Water and...

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...

EU officials say that European officials have given up on pushing for an import ban of Russian liquefied gas in the bloc as part of upcoming packages due to resistance from certain governments and the uncertainty over alternative sources. The Commission instead wants to create a road map that will end the EU's dependence on Russian energy in 2027. The plan will be announced early in May, but there are few details. Officials say that the work on the measures has been slow. The Commission will likely propose a 17th set of sanctions against Russia in June. In January, when...

Sources with knowledge in the matter say that U.S. officials and Ukrainian officials met Friday to discuss a U.S. plan to gain access to Ukraine’s mineral wealth. However, they also said the chances of a breakthrough are slim, given the "anti-social" atmosphere at the meeting. Source: The tensions in Washington stemmed from Trump's latest draft proposal which is more expansive than its original version. The source pointed out that the "maximalist draft" submitted by the Trump Administration last month was a sign of the hostile negotiating climate. A spokesperson for the Treasury Department confirmed that discussions were "technical" in nature....

RusKhimAlyans is a subsidiary owned by Gazprom. It has announced job openings for its new complex of gas processing in the Baltic Sea Port of Ust-Luga. This was a signal of confidence that the plant would start operating despite the sanctions. Gazprom has a strategy of shifting its focus from production to processing. The complex will include a gas chemical and processing complex. The plant is designed to be able to process 45 billion cubic meters of natural gas per year, as well as 13 million metric tonnes of liquefied gas. It can also produce 3.6 million tones of ethane,...

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...