
Elengy signs agreements for satellite storage of LNG
Elengy has signed commercial agreements for the satellite storage of LNG in Reichstett, France, developed in partnership with Rubis Terminal.
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Elengy has signed commercial agreements for the satellite storage of LNG in Reichstett, France, developed in partnership with Rubis Terminal.

Texas LNG Brownsville LLC and Enbridge Inc. have executed a pipeline transportation precedent agreement for the expansion of the Valley Crossing Pipeline.

After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil and coal) increased by 2% in 2021 to 77.14 quadrillion Btu.

The companies have signed an HOA to negotiate a sale and purchase agreement for the supply of LNG from a proposed Commonwealth LNG development in Louisiana, US.

The EIA’s January ‘Short-Term Energy Outlook’ forecasts that rising electricity generation from renewable energy resources will reduce generation from fossil fuel power plants over the next two years.

Woodside has sold a 49% non-operating participating interest in the Pluto Train 2 joint venture to Global Infrastructure Partners.

Wood Mackenzie, a Verisk business, has released its ‘Global gas and LNG – 6 things to watch for in 2022’ report.

Burckhardt Compression and KB Delta have entered into a strategic partnership for compressor valve parts.

BASF has partnered with China BlueChemical and Wuhuan Engineering to develop a new technology for use of CO2 rich marine gas.

TechnipFMC plc has announced the sale of 9 million Technip Energies N.V. shares through private sale transactions.

BCCK has been awarded an EPC contract to improve overall project economics at a cryogenic gas facility in the Marcellus-Utica Basin in Ohio, US.

In 2021, the wholesale spot price for natural gas at the Henry Hub in Louisiana (the US benchmark for natural gas prices) averaged US$3.89/million Btu.