Natural Gas

Ignitis to enter into a long-term LNG purchase agreement

The pricing under the agreement is linked to two international natural gas price benchmarks, the US Henry Hub and the European TTF index.

US Natural Gas Output and Demand to Hit New Records Through 2027

The EIA expects gas inventories to enter the winter season at roughly 5% above the five-year average on October 31, supported by stronger production from the Permian and Haynesville basins.

Australia softens gas reserve rule for LNG exporters

The proposal is designed to reserve an oversupply of 110% for the east coast gas ⁠market, which has faced shortfalls for almost a decade.

Italy's Eni, PDVSA sign 25-year Junín 5 oil field deal

The CPPH, which has a duration of 25 years with the possibility of extension, grants Eni the role of exclusive Operator of the Junín 5 area, with full responsibility for the technical, financial and commercial management of the project.

Sapphire Gas Solutions Acquires Spectrum LNG Assets in Southwest U.S.

The transaction includes the Desert Gas LNG Plant in Ehrenberg, Arizona, along with an expansion site in Stroud, Oklahoma.

Argentina Moves Closer to 24 MTPA LNG Export Capacity

The pipeline will supply the Southern Energy Project (SESA), which plans to operate two floating LNG facilities, Hilli Episeyo and Esperanza.

ENGIE to Invest MX$2 Billion in Edomex Gas Network

ENGIE has operated in the State of Mexico for more than 26 years. The company currently has a presence in 18 municipalities and employs more than 800 people in the state.

TotalEnergies Advances Papua LNG Project Toward Final Investment Decision

TotalEnergies will also transfer operatorship of Papua LNG to ExxonMobil, which operates the neighboring PNG LNG project.

Shell Puts Trinidad’s Aphrodite Natural Gas Project on Hold

Shell had targeted first gas for 2027, but the release of the jackup drilling rig that would have drilled the production wells calls that target into question. The jackup rig contractor has not been identified.