Osaka Gas Sees Likely Delay to Restart of Freeport LNG Plant
Due to Freeport LNG's shutdown, Osaka Gas cut its 2022 net profit forecast from 31.5 billion yen to 29 billion yen.
US at Risk of Tight Electric Supplies This Winter: NERC
The North American Electric Reliability Corp. (NERC) said that the lack of interconnections with other regions limited Texas’ ability to import power from other regions if problems arise.
Equitrans Expects to Stop Pennsylvania Gas Leak in Next Couple of Days
Equitrans has estimated the size of the leak, which started on Nov. 6 at the facility in Cambria County’s Jackson Township, at about 100 MMcf/d, according to the Pennsylvania Department of Environmental Protection (DEP).
Williams Signs LNG Deal Connecting Haynesville Gas to International Markets
The preliminary agreement with Sempra Infrastructure is designed to increase global access to low-carbon Haynesville natural gas via Williams’ wellhead-to-water strategy, the company said.
Green Groups Sue Louisiana over Venture Global LNG Permit Exemption
The groups filed a petition last week for judicial review against the Louisiana department after the regulators decided to exempt Venture Global from obtaining a coastal use permit for development of its LNG facility in Plaquemines.
Keystone Oil Pipeline Issues Resolved After Bad Weather Caused Volume Cuts
TC Energy's Keystone pipeline was hit by three separate storms in a week that caused power failures and forced the pipeline to temporarily shut down.
White House Asks Congress for $500 Million to Modernize SPR
If approved by Congress, the request, issued by the White House on Nov. 14, provides the Department of Energy (DOE) with funding to improve the four SPR sites along the Texas and Louisiana coasts.
US Crude Stocks Drop Sharply as Refiners Pick Up Activity, EIA Says
“The drawdown in crude supplies is substantial. The crude supply is still very tight, heating oil supply is still below average,” said Phil Flynn, senior analyst at Price Futures Group in Chicago.
Texas Freeport LNG Restart Delay Causes Vessels to Seek Other Ports
The delay in Freeport LNG’s restart means less gas is available for Europe to import, causing prices there to spike around 21% so far this week.
Tanker Hit Off Oman, Says Israeli-Controlled Shipping Firm
Three maritime sources told Reuters that a drone was suspected to have attacked the oil tanker. An Israeli official said Iran was responsible for the attack, using a Shahed-136 drone, the type it has been supplying to Russia for use in Ukraine.