New Fortress, Apollo Close $2 Billion LNG JV Launching Energos
The total implied enterprise valuation of Energos is approximately $2 billion based on the JV transaction agreed to between New Fortress Energy and Apollo in early July.
Nord Stream 1 Pipeline to Shut for Three Days in Latest Blow to Europe
Gazprom said the three-day shutdown of Nord Stream 1 was because the pipeline’s only remaining gas compressor requires maintenance, yet the move will bring further disruption, particularly for Germany.
Michigan Judge Rules Line 5 Pipeline Dispute Belongs in Federal Court
Michigan ordered the pipeline to shut down by May 2021, which Enbridge ignored, and the two sides are embroiled in a legal battle over Line 5’s fate.
Poland's PGNiG in Talks to Get More Gas from Norway Through New Baltic Pipe
After it was cut off from Russian gas supplies in April for refusing to pay in Russian roubles, Poland's PGNiG is in talks with Norway to potentially receive more gas through the Baltic Pipe.
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.
Marathon Gets More time to Build LNG Import Project in Alaska
Marathon Petroleum’s Trans-Foreland said it has yet to make an FID to build the project because the COVID-19 pandemic and the war in Ukraine have worsened economic and logistical conditions.
US Steel, Equinor, Shell to Explore Regional Clean Energy Opportunities
A new clean energy hub in the Appalachian area would generate new jobs, stimulate economic growth and reduce carbon emissions.
Energy Transfer Completes Sale of Stake in Energy Transfer Canada
Pipeline giant to focus on its U.S. assets.
Germany Signs Deal with Gas Firms to Supply Two Floating LNG Terminals
German gas importers Uniper, RWE and EnBW's VNG will supply LNG through two floating storage and regasification units until March 2024.
Archaea, Énergir Sign 20-Year Renewable Natural Gas Agreement
Contract to deliver more than 2 million MMBtu per year of RNG with deliveries expected to commence in October 2023.