The Freeport LNG Liquefied Natural Gas (LNG) Export Facility in Texas has begun receiving pipelined natural gas; US LNG exports have been steadily increasing for years, and Freeport, the US’s second largest LNG export facility, is one of several key shipping facilities around the world.

Some Freeport officials said the plant would be on track to restart in the second half of January, pending regulatory approvals, but no applications have yet been filed with federal regulators to restart the plant.

The transaction makes it possible to enhance the respective skills of Eni and Snam in the procurement of natural gas in Italy.

The acquisition by Snam of the stakes held by Eni in the companies that manage the two groups of international gas pipelines linking Algeria to Italy, in particular the onshore gas pipelines which extend from the border between Algeria and Tunisia to the Tunisian coast and the offshore pipelines linking the Tunisian coast to Italy.

The transaction makes it possible to enhance the respective skills of Eni and Snam on a strategic route for the security of natural gas supplies in Italy, favoring potential development initiatives in the hydrogen value chain also thanks to the natural resources of North Africa.

The Eni group and the Chevron oil company have declared that they have made a new gas discovery in an Egyptian offshore field in the eastern Mediterranean.

The Nargis-1 well, off Egypt, was drilled in 309 meters of water by the drillship Stena Forth, encountering approximately 61 meters of gas-containing Miocene and Oligocene sandstones.

The discovery can be developed by exploiting the proximity to existing Eni infrastructures.

The Egyptian state-owned EGAS said the number of reserves in the well is under evaluation and will work with Chevron and its other partners to start production as soon as possible.

Norway expects oil production to increase by 6.9% this year, while gas volumes remain unchanged, near record levels.

Norway overtook Russia as the largest gas supplier last year, with Equinor (EQNR.OL) the top exporter, after Europe reduced its dependence on Russian gas supplies.

Production of crude oil and other petroleum liquids such as condensate is likely to increase, this will help ensure Norway can continue to be a reliable energy supplier to Europe.

Russia is willing to resume supplies through the Yamal-Europe pipeline and is holding negotiations for an increase in supplies through Turkey after the creation of a gas hub in Erdogan’s country.
Russia currently supplies gas through the TurkStream, which is currently operating at full capacity, while 42 million cubic meters of gas pass through the Ukrainian route daily.

Russia has agreed with Azerbaijan to increase gas supplies for domestic consumption and is in discussions to increase gas supplies to Kazakhstan and Uzbekistan.

They can also send their gas to the markets of Afghanistan and Pakistan, either using the infrastructure of Central Asia or with an exchange from the territory of Iran.

Thanks to the mild temperatures of this winter, less gas was consumed than in previous years, so much so that the Snam storage plant in Bordolano (province of Cremona, Italy) is still flat up to 82%, 16 points more than to 2022.

Although the cold peak is expected between the last days of January and the beginning of February, the quantity of gas preserved makes any situation of increased consumption calm even if the worst could not yet be over, in fact, during 2023, there will wait for gas supplies from Russia to Italy to touch zero, therefore it will be essential not to reset all reserves.

Eni has reached an agreement with Wison Heavy Industry for the construction and installation of a floating unit producing liquefied natural gas off the coast of Congo.

Eni is aiming to exploit its gas resources, in a context of progressive liberation of Italy from dependence on Russian gas. The company had already announced the discovery of a new gas reserve under the waters that bathe Cyprus.

The plant will go into operation in 2025 and is the second to be built. The previous one will come into operation in 2023.

The pipeline was shut down on December 7 after releasing 14,000 barrels of oil into rural Kansas, and the cause of the spill was never publicly stated.

TC Energy has restarted the Cushing section of the Keystone pipeline and all delivery points are now operational. However, the pipeline will operate with additional risk moderation measures, including reducing operating pressures, the company will operate at a 20% lower pressure along the segment that broke once it returned to service, until it receives further regulatory approval.

Eni and Snam have announced that the conditions of suspension provided for in the purchase and sale contract relating to the acquisition of 49.9% of a newly formed company of the Eni group by Snam have been fulfilled.

The operation re-enters in the strategy of Eni in order to accelerate the increase in the relative fields to the energetic transition and concurs to Snam to position itself on a strategic route for the security of supplyings of natural gas in Italy and concurs to value the competences by Eni and Snam on a fundamental route for the security of natural gas supplies in Italy.

The two companies are proceeding to the perfection of the operation that is attended to in the first half of January 2023.