Downstream

This post was originally published on this site Moscow is eyeing the 2,600 km (1,620 mile) pipeline — which would have a capacity of 50 Bcm of gas per year — as a way to replace lost exports to Europe.

This post was originally published on this site Portugal will launch a pioneering auction in the second half of this year for rights to sell hydrogen for injection into the national gas grid, which some see as a key step in kickstarting Europe’s fledgling hydrogen market.

This post was originally published on this site Kazakhstan’s state Kazmunaigaz (KMG) has started shipping oil to the BTC (Baku-Tbilisi-Ceyhan) pipeline in Azerbaijan, three sources familiar with the matter told Reuters, as it seeks alternatives to exporting via Russian ports.

This post was originally published on this site Energy trader Gunvor made strong profits last year and is looking to expand its oil trading and develop a significant power trading arm in the United States, its CEO told Reuters.

This post was originally published on this site The Spanish government has asked LNG buyers to refrain from signing new contracts for Russian gas once existing contracts have expired, two sources familiar with the matter told Reuters on Friday.

This post was originally published on this site ConocoPhillips currently holds a 47.5% stake in APLNG, one of the largest suppliers of natural gas to Australia’s East Coast. Origin and China’s Sinopec hold the remaining shares in APLNG.

This post was originally published on this site (P&GJ) — The five-year pilot program will allow for the production and delivery of RNG into Virginia Natural Gas’ pipeline system and support the procurement of both RNG and next-generation natural gas.

This post was originally published on this site Societe Generale pulled out of Texas-based energy company NextDecade’s Rio Grande LNG project last year, the French bank disclosed for the first time on Tuesday, in news that could help explain the project’s repeated delays.

This post was originally published on this site European Union countries agreed on Tuesday to seek a legal option to stop Russian companies sending LNG to EU nations by preventing Russian firms from booking infrastructure capacity.

This post was originally published on this site Qatar’s state-owned energy company on Wednesday signed a deal to acquire from Exxon Mobil stakes in two Canadian offshore explorations block, the latest in the Gulf state’s efforts to expand its global oil and gas portfolio.