Reuters reports that Mountain Valley Pipeline is seeking federal regulatory approval to resume construction on the $5.4-$5.7 billion pipeline from West Virginia to Virginia by Sept. 25.
The Company said the approval will allow it to go ahead and complete several activities related to the project before winter, according to a filing with the U.S. Federal Energy Regulatory Commission (FERC) late on Tuesday.
Analysts at ClearView Energy Partners said on Wednesday they expect FERC will allow Mountain Valley to resume construction even though some environmental groups and others will oppose the return to work and the new Biological Opinion.
Reuters reports that the world's largest group of shipping insurers have decided not to insure vessels participating in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects so as to avoid sanctions from the U.S.
This statement was made public by an associations which is a member of the International Group of P&I Clubs, with associations such as the Shipowners' Club and the London P&I Club. The statement said in a circular on Monday that it has no plans of providing "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects".
It said members were "strongly urged to assess and mitigate the risks of entering into contracts on the Nord Stream 2 or TurkStream construction projects and exercise the fullest possible due diligence to avoid exposure to sanctions or enforcement actions".
China's gas demand growth is expected to cap at 4.2% in 2020, its lowest in 5 years, Reuters reports.
The coronavirus is said to have slowed demand and hampered the growth of demand due to the slowing level of economic activities.
Demand for natural gas slumped to 1.5% in the first half, according to the report by the oil and gas department at the National Energy Administration, forecasting total 2020 consumption of 320 billion cubic meters (bcm).
Forecast suggests that China's natural gas output this year would be at 189 bcm. It is also estimated that natural gas imports in 2020 were expected at 140 bcm -- 50 bcm from pipeline gas and 90 bcm from liquefied natural gas (LNG) shipments.
Reuters reports that Austrian utility giant, OMV, plans to to sell a majority of its stake in its gas pipeline subsidiary to ist rival Verbund,. The deal is hopoed will help OMV reduce debt and finance its acquisition of a leading plastics maker.
OMV had earlier in the year announced it will embark on divestments in the utility. The divestments were planned for up to $2.3 billion so as to enable it finance a multi-billion dollar deal to buy one of the world's leading polymer producers, Borealis.
The planned divestment will also culminate in a debt reduction of more than 570 million euros ($666.16 million), it said.
P&GJ reports that Australian pipeline company Jemena has announced plans to expand its 500-mile (800 kilometer) Eastern Gas Pipeline from Horsley Park in Sydney to the Hunter Valley.
“Jemena is looking to invest upwards of $400 million to extend the EGP north from Horsley Park into the Hunter Valley,” Tudor said.
Jemena’s Managing Director, Frank Tudor, declared that the proposal will ensure the connection of the Hunter Valley to existing domestic gas fields and emerging new sources of gas including a proposed LNG import terminal at Port Kembla and another proposed import terminal at Newcastle.
Nigeria LNG (NLNG) has selected Siemens Energy to provide a cryogenic boil-off gas (BOG) compression train for its Bonny Island plant.
The project is located in Finima, Nigeria, the Bonny Island plant has been in operation since 1999. Siemens’ partnership with NLNG and the Bonny Island project can be traced back over two decades to when the plant was first commissioned.
The order further establishes Siemens Energy’s leading role in LNG BOG compression. The company has a fleet of cryogenic BOG compressors that have accumulated more than 4.2 million hours in service.
