Enagás, Spain’s natural gas grid and LNG network operator, reported slight declines in 2022 net profits and revenues after a year of high volatility in the energy markets with the Spanish Gas System operating without halt and Enagás infrastructure helping maintain the security of supply of the European Union.
The European natural gas market suffered a supply shock in 2022 after failing to develop new offshore natural gas sources over several years and in Germany’s case its own LNG imports facilities, leading to a supply security crisis when Russia cut off pipeline gas supplies.
Free ReadShell Petroleum NV, a wholly owned subsidiary of Shell plc, has completed the $2 billion acquisition of Europe’s largest renewable natural gas (RNG) company, Nature Energy Biogas. Based in Denmark, Nature Energy is a producer of RNG from agricultural, industrial and household waste. Shell has now completed the takeover from the…
Free ReadThe Greek Government agency, Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA), said seismic surveys had been successfully completed in the offshore areas to the West and Southwest of the Mediterranean island of Crete in the prolific East Med Basin where pipeline gas and LNG feed-gas projects are being developed.…
Africa Oil Corp., a Canadian energy company based in Vancouver and with producing and development assets in deep water Nigeria, has signed production-sharing contracts with LNG potential offshore Equatorial Guinea in West Africa.
Indian liquefied natural gas imports started 2023 on a brighter note with LNG deliveries increasing by almost 8 percent as falling cargo costs encouraged industrial buyers in West Asia to purchase more gas.
The US Department of Energy has published its latest LNG monthly export data showing that the United Kingdom has formally overtaken China in the overall list of countries receiving the most cargoes, while the most expensive US shipments by far have been departing from the Cameron export point in Louisiana.
Free ReadChevron Corp., the US major with large overseas liquefied natural gas interests, has signed an accord on US natural gas development for Gulf Coast LNG feed-gas pipeline volumes from the prolific Haynesville Basin as well as for oil and gas in the deepwater Gulf of Mexico with pipelines group Williams.…
European and Asian natural gas market prices declined in the past week but North Asia spot cargo values fell at a faster rate as Atlantic and Pacific Basin competition increased and the shipping charter market tried to reorganize for a change of season.
Gaztransport and Technigaz (GTT), the French LNG storage technology company, reported a slight drop in full-year revenues though the results were strong as orders also reached a record level with demand increasing for new vessels.