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(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports […]
Tag: natural gas
Sempra to Develop NatGas Transportation Infrastructure in Mexico
(Sempra, 14.Feb.2023) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, announced today a Memorandum of Understanding (MOU) to advance a potential strategic alliance for the joint development of natural gas […]
North America has the Energy to Solve the Global Crisis
(TC Energy, 6.Dec.2022) — TC Energy’s President & CEO, François Poirier, shares his thoughts and perspectives on how two simple ideas can help solve the energy crisis. Our path to balancing global energy transition and continued energy security creates a maze of challenges. We need to ensure the measures we […]
NGC, MHTL Ink Gas Supply Contract
(NGC, 4.Aug.2021) — The National Gas Company of Trinidad and Tobago Limited (NGC) signed a Consolidated Gas Supply Contract (CGSC) with Methanol Holdings (Trinidad) Limited (MHTL), part of the Proman family of companies. This contract will support operations at the MHTL Methanol Complex, which includes the mega-methanol M5 plant, one […]
Methanex To Cut 60 Employees At Titan Facility
(Methanex, 7.Jan.2021) — Methanex Corporation announced today that it expects its Titan methanol facility in Trinidad (875,000 annual operating capacity) will remain idled indefinitely. As a result, the company has made the decision to restructure its Trinidad operations to support a one-plant operation and reduce its Trinidad workforce by approximately […]
Luis Acre Restores Bolivia To Socialist Party Rule
(Argus, 19.Oct.2020) — Gas-rich Bolivia’s socialist party swept yesterday’s elections and will return to power by year’s end, but with a more pragmatic leader at its helm. Former finance minister Luis Arce won more than 50pc of the vote in two exit polls, topping his nearest rival, former president Carlos […]
Camisea Has Contributed Royalties Of $10.5bn
(Energy Analytics Institute, 7.Aug.2020) — Camisea has reportedly contributed $10.45bn in terms of royalties during the 16 years it has been operating in Peru, website La República reported 7 August 2020. This figure represent 0.5% of the country’s gross domestic product (GDP), the media reported. Camisea’s gas exploitation takes place […]
Bolivia To Lose $223mn In Petrobras Deal
(Energy Analytics Institute, 5.Aug.2020) — Bolivia’s state oil and gas entity Yacimientos Petrolifos Fiscales Bolivianos (YPFB) will cease to receive some $223 million over three years after signing an eighth addendum with its Brazilian counterpart Petrobras. “This year the figures is $58 million, in 2021 it’ll be around $80 million […]
Petrobras Eyes LNG Units For Pre-salt Gas
(Reuters, 3.Jul.2020) — Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company’s emissions and climate change manager said during a webinar on Friday. Liquefied natural gas units could be an alternative for the gas associated […]
Trinidad-Venezuela Ties Omit Natural Gas For Now
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation in the near term because industrial demand has crumbled. Venezuela’s vast untapped offshore gas deposits and cross-border fields have long been seen as vital to […]
YPFB To Use Gasbol Pipeline Independently
(Reuters, 10.Jan.2020) — The Brazilian government authorized Bolivian oil and gas company YPFB to use the Gasbol pipeline to sell gas to other companies in Brazil beyond state-run oil firm Petrobras, according to a publication on Friday in the official gazette. Brazil’s Energy Ministry gave the green light to a […]
Some 140 Bolivian Industries Lacking Gas
(Energy Analytics Institute, Ian Silverman, 19.Nov.2019) — At least 140 industries – including large and medium sized ones in the Bolivian departments of La Paz, Cochabamba and Oruro – have been affected by a lack of natural gas supply resulting from damage to the Carrasco-Cochabamba (GCC by its Spanish acronym) […]
NGC Acknowledges Cessation Of Yara Operations
(NGC, 13.Nov.2019) — The National Gas Company of Trinidad and Tobago Limited (NGC) notes the decision taken by Yara Trinidad Limited to cease operations of its ammonia plant located at the Point Lisas Industrial Estate, Trinidad. ***
Repsol’s Brufau Says Gas The Only Transitional Energy
(Energy Analytics Institute, Ian Silverman, 10.Oct.2019) — Repsol’s President Antonio Brufau said during a visit to Bolivia that natural gas is the only transitional energy. “All the countries that are lucky enough to have natural gas resources such as those available in Bolivia have a guaranteed part of the future,” […]
Mexican Lawsuit Risks Permian Route To Market
(Petroleum Economist, Charles Waine, 2.Aug.2019) — Mexico’s Comisión Federal de Electridad (CFE), the state-owned electricity utility, has started legal proceedings against seven natural gas pipelines. The move intensifies fears about both the anti-business agenda of the country’s president Andres López Obrador and further delays to a much-needed release valve for […]
Bolivian Economy Stable But Storm Clouds Loom
(AP, Carlos Valdez, 1.Jul.2019) — Abraham Rodríguez’s small shoe store grew into a factory that employed more than a dozen workers during an economic boom in Bolivia when prices for the gas and minerals it produces soared. Today, he can only employ one worker. He says the tax-free import of […]
Sempra Energy Starts Production At Train 1 Of Cameron LNG Facility
(Sempra, 14.May.2019) — Sempra Energy announced that Cameron LNG has begun producing liquefied natural gas (LNG) from the first liquefaction train of the Cameron LNG export project in Hackberry, La. “Reaching this important milestone of first LNG production is truly a credit to the team at Cameron LNG and the […]
Tecpetrol Reports Death Of Two Contractors At Fortín De Piedra Project
(Energy Analytics Institute, Aaron Simonsky, 6.May.2019) — Tecpetrol announced that an accident on 5 May 2019 at the CPF plant of its Fortín de Piedra natural gas project in Argentina resulted in the death of two contractors. Workers involved in the fatality included: Cristian Nicolás Baeza, 34 years old and […]
YPFB President Says Incahuasi-5 Well To Add 3.5 MMcm/d Of NatGas Output
(Energy Analytics Institute, Ian Silverman, 5.Apr.2019) — Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) President Oscar Barriga says the Incahuasi-5 well, located 250 kilometers southwest of Santa Cruz department, will have a positive impact on Bolivia’s overall production profile. The Incahuasi-5 well will have a maximum production potential of 3.5 million cubic […]
Venezuela flaring nearly 2 Bcf/d of gas as oil production falls
CARACAS, VENEZUELA (Pietro D. Pitts, Energy Analytics Institute, 4.Apr.2019, Words: 280) — Venezuela, home to the world’s largest oil reserves and one of Latin America’s larger oil producers, is flaring around 2 billion cubic feet per day (Bcf/d) of natural gas associated with the production of the country’s bread-and-butter commodity, […]
IGU Releases 2019 World LNG Report As Global Trade Continues To Grow
(IGU, 2.Apr.2019) — The International Gas Union (IGU) released its 2019 World LNG Report – an annual, in-depth analysis of the current state of the Global LNG Industry over the previous 12 months. Examining a range of metrics, the latest report illustrates that 2018 was another strong year for LNG, […]
Government’s Adjustment Plan For Vaca Muerta Puts Conflict On The Horizon
(Buenos Aires Times, Jairo Straccia, 2.Feb.2019) — Despite all the smiling photos taken in the past showing President Mauricio Macri and Techint CEO Paolo Rocca together (even at the height of the now infamous “cuadernos” notebooks corruption scandal), and despite the holding group’s Tecpetrol oil division being the biggest investor […]
Fact Sheet: Hunt Oil In Peru
(Hunt Oil, 2.Feb.2019) — Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP) is part of the Camisea Consortium and holds a 25.2% interest in the License Contracts related to the largest natural gas producing fields in Peru, the Camisea Fields; which include Block 88 and Block 56 in […]
Without Gas For Cremation, Even Dying Is A Struggle In Venezuela
(Reuters, Mayela Armas and Mariela Nava, 5.Dec.2018) — Angelica Vera of Venezuela’s western state of Zulia planned to cremate her father’s remains after he died of cancer in November because hyperinflation has pushed the cost of funeral services beyond her financial reach. But the cemetery could not offer a cremation […]
DeNovo Delivers Initial Gas From Iguana Field Offshore Trinidad
(DeNovo Energy, 21.Nov.2018) — DeNovo Energy Limited, a subsidiary of the Proman Group, announced the first commercial supply of gas from the Iguana Field in Block 1(a), which will deliver 80 million cubic feet of gas per day (Mmcf/d) once fully operational. DeNovo, which became the operator of the field […]
Bolivian Gas Price Rises In Brazil And Argentina
(Energy Analytics Institute, Aaron Simonsky, 16.Nov. 2018) — The price of natural gas in Brazil and Argentina to-date has risen in both markets compared to year-end 2017. In Brazil, the price of gas has increased 43% to $6.00/MMbtu during the fourth quarter of 2018 compared to $4.20/MMbtu at year-end 2017, […]
Venezuela Pushing For Dragon Gas In 18 Months
(Trinidad Express, 15.Nov.2018) — Venezuela’s minister of energy, Manuel Quevedo, said yesterday that his country’s state-owned oil giant PDVSA expects to start sending natural gas to Trinidad from the Dragon field, off this country’s north-west coast, within two years. Speaking at a news conference following the 20th ministerial meeting of […]
Producer Trinidad Calls For Global Gas Pricing Index
(Reuters, 13.Nov.2018) — Trinidad and Tobago’s Prime Minister Keith Rowley on Tuesday called on the Gas Exporting Countries Forum (GECF) to develop and implement a gas pricing index to ensure members receive adequate returns on the sale of the hydrocarbon. As gas supplies become increasingly available for consuming countries through […]
Argentina Makes Small $2 Million Payment For Bolivian Gas
(Energy Analytics Institute, Aaron Simonsky, 27.Oct.2018) — Bolivia’s Central Bank (BCB by its Spanish acronym) announced Argentina made a “small payment” of $2 million related to a debt with Bolivia for the purchase of natural gas. The debt accumulated with Bolivia by Argentine’s state oil company Integración Energética Argentina SA […]
Argentina Buys An Average 16.2 MMcm/d From Bolivia in Sep.
(Energy Analytics Institute, Aaron Simonsky, 26.Oct.2018) — Argentina purchased an average 16.2 million cubic meters per day (MMcm/d) of natural gas from Bolivia in September 2018. However, the volumes are nearly 5 MMcm/d below contractual agreements, reported the daily newspaper La Razón. *** #LatAmNRG
Camisea Consortium Resumes Operations at Malvinas Gas Plant
(Energy Analytics Institute, Ian Silverman, 20.Oct.2018) — The Camisea Consortium confirmed conditions at the Malvinas Gas Plant “are normal and present no risk to the safety of people, operations or the environment,” reported the daily newspaper El Comercio. Today, starting at 5 p.m., normalization of plant operations will begin, with […]
Argentina Plans To Close LNG Importing Facility
(Bloomberg, Jonathan Gilbert, 17.Oct.2018) — Argentina plans to close a facility for importing liquefied natural gas (LNG), according to people with direct knowledge of the matter, after booming production from shale deposits in the Vaca Muerta region turned the country into a seasonal exporter. A contract with Excelerate Energy, which […]
Texas Would Have A ‘Party’ If Mexico Prohibited Fracking
(Energy Analytics Institute, Ian Silverman, 16.Oct.2018) — Prohibiting fracking in a generalized manner, as announced by Mexico’s president-elect Andrés Manuel López Obrador (AMLO), would be an error that would benefit the United States. “I’d regret this initiative to ban fracking in a general way in our country. The day it […]
Argentina Still Owes Bolivia $250 Mln For Gas Imports
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) — Bolivia’s government plans to meet soon with Argentine authorities in the Casa Rosada to again address the issue of late payments. “They still owe us two bills, and in the coming weeks we are going to discuss with the government how to regularize […]
Petrobras Bolivia Spuds Deep Caranda X1005 Well in Santa Cruz
(Energy Analytics Institute, Jared Yamin, 27.Sep.2018) —The well was spud in the Caranda Field inthe presence of Bolivia’s President Evo Morales. The field is located in the Ichilo province of the department of Santa Cruz and is operated by Petrobras Bolivia. The Deep Caranda exploration well (Car-X1005) will require an […]
Bolivia’s Incahuasi Field Producing 8 MMcm/d of Natural Gas
(Energy Analytics Institute, Ian Silverman, 21.Sep.2018) — Bolivia’s President Evo Morales says natural gas production at the Incahuasi field, discovered in 2004, is currently eight million cubic meters per day (MMcm/d). Production at the field is expected to increase to 11 MMcm/d over the short-term with additional investments and then […]
Argentina Owes Bolivia $250 Million for Natural Gas Sales
(Energy Analytics Institute, Ian Silverman, 14.Sep.2018) — Argentina owes Bolivia $250 million, which corresponds to two-months of natural gas sales. “Hopefully they can honor the debt,” reported the daily newspaper La Razón, citing Bolivia’s Hydrocarbons Minister Luis Alberto Sánchez. ***
New Fortress Builds On LNG Presence With Irish, Mexican Projects
(LNG World Shipping, Mike Corkhill, 4.Sep.2018) — New Fortress Energy has added two major LNG import projects to its portfolio, as part of its drive to bring the benefits of clean-burning gas to new markets New Fortress Energy (NFE) has agreed to buy a site at Ballylongford in Ireland’s County […]
Trinidad: Crouching Tiger
(Trinidad and Tobago Newsday, Kiran Mathur Mohammed, Camille Moreno, 30.Aug.2018) — The Dragon gas deal signed last Saturday is worth celebrating. The clink of glasses will be heard in boardrooms in both countries. The government deserves it for getting this far, amid the chaos in Venezuela, and the spectre of […]
PDVSA, Citgo Evaluating Aruba Gas Plan
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) — Venezuela is evaluating a plan to implement a natural gas project with Aruba. Officials from Venezuela’s state oil company PDVSA, and its refining arm Citgo Petroleum Corporation continue to evaluate the potential of such a project that would imply a gas interconnection between […]
Venezuela to Send Dragón Gas to Trinidad
(Energy Analytics Institute, Piero Stewart, 25.Aug.2018) — Venezuela will send its Dragón field natural gas to Trinidad for processing. That’s according to a deal signed today in Caracas between the governments of Trinidad and Tobago and Venezuela, reported Venezuela’s Ministry of Petroleum in a series of tweets. The countries were […]
MEEI Updates on Status of Trinidad Energy Infrastructure
(MEEI, 24.Aug.2018) — The Ministry of Energy and Energy Industries (MEEI) has been monitoring the impacts of the 6.9 magnitude earthquake which occurred on Tuesday 21st August, 2018 at 5:31 p.m. that reportedly caused some property damage across the country. Reports from the energy sector companies have, so far, indicated […]
Fact Sheet: Peru LNG
(Shell, 1.Jun.2018) — Peru LNG is the first natural gas liquefaction plant in South America and began operations in 2010 with a 4.45 mtpa capacity. It receives dry gas through a 408km pipeline that stretches from the highlands in the Peruvian Andes to the coast. Shell acquired 20% equity in […]
Gas Supply Problems Turning Cos. Away from Trinidad
(InterFax, 18.May.2018) – Jerome Dookie, the chief executive of Trinidadian ammonia producer Caribbean Nitrogen Co. (CNC), said on Wednesday that gas supply disruptions have made Trinidad and Tobago a less attractive location for new petrochemical projects. “In terms of new projects being built, Trinidad and Tobago is no longer an […]
Trinidad Energy Chamber Head Talks Marketplace
(The Oxford Business Group, 25.Sep.2016) — Energy Chamber of Trinidad and Tobago CEO Thackwray “Dax” Driver talks about the expanding marketplace. What is the significance of recent oil and gas discoveries in Guyana? THACKWRAY “DAX” DRIVER: The Liza discovery in Guyana is very significant and has increased interest in the […]