Natural Gas News

The industrial sector will be the largest contributor to natural gas demand growth in next five years.

He noted that expanding domestic gas output remains a central priority for the company.

The subsea system will connect six wells to a floating production unit for natural gas extraction.

Eni believes total output from multiple pools could reach 80 mmscf/d of gas and around 1,600 bbl/d of condensate.

President Aliyev announced that new gas field developments will increase export capacity, allowing larger volumes to reach Slovakia and the neighbouring countries.

NextEra Energy Resources, valued at $173 billion, has invested more than $3.7 billion in North Dakota since 2003.

A rise in LNG exports and a surge in power consumption from data centers dedicated to artificial intelligence and cryptocurrency have raised demand for natural gas.

Six wells will be drilled in water depths around 1,300 meters, located approximately 100 km northwest of Barrow Island.

Last year NFE sold two emergency power plants it had installed in Puerto Rico in 2023 to PREPA for $373 million and thereafter entered into the 80-billion-Btu contract, as announced by the company March 18, 2024.

The government is prioritizing shorter-term supply deals while expanding its LNG portfolio.