It appears Gazprom and CNPC reached an agreement on a widely-speculated deal that was expected to be consummated upon Putin’s China visit this week. Reuters is reporting a sales and purchase agreement was struck, but the New York Times reports it could just be a memorandum of understanding, which is not binding and indicates ongoing… Keep reading →
LNG
Energy News Roundup: MOU or Contract for Gazprom & CNPC? and Israeli Gas Export Stumbling Blocks
By Jared AndersonSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Turkish Coal Disaster Continues, US LNG Exports Closer After FERC Decision & Gazprom to List Shares in Singapore
By Jared AndersonAs the death toll in a coal mine explosion in the western Turkish town of Soma climbs toward 300, devastated workers and residents are lashing out at the country’s leadership. Widespread protests have broken out in several cities as people blame the government for prioritizing profit over safety. Numerous coal mining operations have been privatized,… Keep reading →
Energy News Roundup: Utilities Can Make Money on Solar, Kuwait Buying Lots of LNG & Seized Ukrainian Energy Asset Value
By Jared AndersonThe story of how net metering and onsite residential solar is eating way utilities’ profit margins is getting old, so what can these companies do about it? This piece suggest two strategies. “Clean Power Finance’s new partnership with North American Power demonstrates one of two ways in which a retail electricity provider (REP) can profit from selling… Keep reading →
Piping Israeli gas to liquefaction plants in Egypt is the most commercially logical option but remains politically risky. The announcement of a letter of intent between the partners in Israel’s giant Tamar natural gas field and the Spanish owners of a liquefied natural gas plant on Egypt’s Nile Delta coast is a major breakthrough, one… Keep reading →
More and more research studies deepen our understanding of methane emissions from various segments along the natural gas supply chain. At the same time, evidence is mounting that the volume of methane emissions leaking from, for example, wellheads or processing plants may collectively account for a greater portion of total methane emissions than previously thought.… Keep reading →
Energy News Roundup: Chinese Firms Enter Canadian LNG Project, Pemex Tax Relief and Wellinghoff Board Seat
By Jared AndersonMalaysian state company Petronas has agreed to sell a 15% stake in its proposed Pacific NorthWest LNG export facility to be sited in British Columbia, and a 15% stake in the upstream shale assets designated to feed the plant to Chinese state-controlled Sinopec. Taking a page from Japan’s LNG supply playbook, which has companies secure… Keep reading →
Energy News Roundup: A Sober Look at US LNG Exports, US-Russia Sanctions Game and South China Sea Military Focus
By Jared AndersonFor years analysts have estimated US LNG exports would likely materialize in the 4 to 6 billion cubic foot per day range, but much of the focus has more recently shifted to the regulatory process and backlog of projects seeking approval. The Houston Chronicle’s Jennifer A. Dlouhy shifts attention back to the complex financial juggling… Keep reading →
ConocoPhillips has obtained DOE authorization to export LNG to non-FTA countries from its Kenai Facility in Alaska. On April 14, 2014, the Department of Energy (DOE) issued authorization for ConocoPhillips Alaska Natural Gas Corporation (CPANGC) to export liquefied natural gas (LNG) from its Kenai LNG facility in Alaska to non-Free Trade Agreement (FTA) countries. CPANGC… Keep reading →
FERC Approval Could Become ‘Regulatory Black Hole’ for Some Proposed US LNG Export Projects
By Roman KilisekIn March 2014, the Obama Administration released its ‘Climate Action Plan’ laying out a comprehensive, interagency strategy to cut methane emissions. The purpose of this plan is to help meet the president’s goal of reducing total US greenhouse gas emissions 17% below 2005 levels by 2020. In particular, the plan stresses the need for new… Keep reading →
In the wake of the Ukraine crisis and amid heightened pressure on the Obama Administration to speed up the approval process for new liquefied natural gas (LNG) export plants, the geopolitical argument over LNG exports has gained traction in Congress as reflected in various already held committee hearings on the LNG export issue and drafted… Keep reading →