The world's biggest LNG buyers are clubbing together in an attempt to secure more flexible supply contracts in their negotiations with producers. Flexibility is becoming critical for many LNG buyers, as the rise of solar capacity makes consumption of LNG more seasonal.
Houston-based Kinder Morgan has announced plans to build a major new gas pipeline from West Texas’ prolific Permian Basin shale field to the US Gulf Coast.
New research from Purdue University in the US suggests that methane emissions from gas power plants may be significantly higher than accounted for in current inventories. Methane is a greenhouse gas that contributes to global warming.
EGAT has signed a deal for the South Bangkok Power Plant Replacement Phase 1 project, which will replace existing decommissioned and emergency turbines and other equipment at the plant near Thailand’s capital.
Shell says its QGC joint venture in the Australian state of Queensland is to drill up to 161 additional wells - a move that enables further supply for both domestic customers and exports. The announcement comes just over a week after Australia’s Prime Minister Malcolm Turnbull threatened to curb LNG exports unless big producers did not provide more gas for the domestic market.
Australia’s big LNG exporters – including Shell and Exxon - have agreed to a request from Prime Minister Malcolm Turnbull to supply more gas to the domestic market.
Gazprom and Eni have signed a memorandum of understanding in Moscow over sales of Russian gas.
A report from analysts Research and Markets says the global Carbon Capture and Storage (CCS) market will grow 9.18% per year between 2017 and 2021, with Babcock & Wilcox, ENGIE, GE Power, The Linde Group & Mitsubishi Heavy Industries dominating developments.
Siemens has opened a dynamic grid centre designed to better manage the growing complexity of power transmission systems in Germany.
Chevron says it won’t build any more major LNG projects in Western Australia, and other developers are expected to follow suit, as they focus on returns on money already spent in a market that has seen costs overshoot and prices crash since 2013.
Cheniere has filed a request with the US Federal Energy Regulatory Commission (FERC) to begin the commissioning process of its fourth liquefaction train at the Sabine Pass LNG project in Louisiana.
The UK government is preparing to intervene to control energy prices because the market is “manifestly not working” for consumers, according to Prime Minister May. The Government has faced repeated calls for a fixed price cap on energy tariffs amid accusations that the so-called Big Six energy companies are not competitive enough on pricing.