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French energy company Engie has sold its British shale gas interests to petrochemical producer, Ineos, for an undisclosed sum, the companies said on March 9th.

According to the US Energy Information Administration’s (EIA) latest Natural Gas Production Report, natural gas gross withdrawals in the Lower 48 states fell in 2016, averaging 80.39 billion cubic feet per day (Bcf/d) - or 1.03 Bcf/d (1.3%) lower than in 2015.

Utilization of UK gas-fired capacity averaged close to 14GW in February, down from 17.8GW in January, with its role in the generation mix falling from 45% to 38% - largely due to higher wind, especially in the second half of the month, along with a recovery in French imports.

Wednesday, 08 March 2017 07:50 / Markets

UK receives LNG from Peru and Dominica

An end-of-winter slew of LNG arrivals to the UK includes the first ever cargoes from the Dominican Republic and Peru.

German gas production fell by 8.1% to 7.9 bcm in 2016, down from 8.6 bcm in 2015, according to industry association BVEG, which released the figures on March 2nd. German gas producers have been trying to maintain production, but face dwindling conventional reserves.

The US maintained record levels of liquefied natural gas (LNG) exports in February, with a total of 15 cargoes headed overseas, according to the US Energy Information Administration (EIA). The number follows on from record high levels in the previous two months.

Monday, 06 March 2017 08:15 / Markets

BP buys into biogas

BP has brought into the biogas sector, snapping up Clean Energy Fuels Corp's biomethane production assets for $155 million on March 1st. The move further expands its gas supply portfolio in the US and reflects a strategic shift toward less carbon-intensive projects.

BP said in a strategy update on Feb 28th that it was exploring new investments in low-carbon forms of energy, a part of the industry in which it sees significant future business potential.

A new decree regulating auctions for bundled regasification and storage capacity for industrial players has been published on Italy's Official Gazette on February 24.

Thermoelectric generation in France continued to see sharp year on year increases in January, rising some 71% to 8.3 TWh, according to data from grid operator Rte.

The trend was on the back of the ongoing spell of cold weather affecting the country, and as thermoelectric power plants compensated lower output from nuclear plants (-2.6% at 40.5 TWh), and wind installations (-29% at 2 TWh).

A glut of LNG supplies in the coming years as new liquefaction projects come online at global level might lead to increased coal-to-gas switching in European markets, a recent paper by the Oxford Institute for Energy Studies (OIES) suggested.

Natural gas demand for power generation was down 13.2% year on year in December 2016 in the US, standing at 669 billion cubic feet (Bcf), or 21.6 Bcf/day, according to data from the US Energy Information Administration (EIA).

However, gas consumption posted increases in all other sectors, with residential consumption being up 34.9% at 797 Bcf or 25.7 Bcf/day; commercial deliveries increasing by 31.8% to 464 Bcf, or 15.0 Bcf/day, their highest level for December since 2013 and industrial deliveries gaining 8.3% year on year at 731 Bcf, or 23.6 Bcf/day.

Failures at gas-fired power plants in New South Wales during a heatwave affecting eastern Australia at the beginning of February contributed to an overload in the electricity system in the state, according to a report of the Australian Energy Market Operator (AEMO).

Polish Oil and Gas Company (PGNiG) has signed a long-term agreement to supply natural gas to steelmaker ArcelorMittal in Poland. 

Injections of biomethane into the national gas grid rose 162% year on year in 2016 in France, standing at 215 GWh.

It emerged from a report published by grid operators Tigf, GrDF and GRTGaz, together with renewable and gas associations Ser and Spegnn.

A rebound in CO2 emission allowance prices in Europe in the second part of 2016 was among the factors contributing to the increase in competitiveness and output for gas-fired generation, according to Italy's Gestore Servizi Energetici (GSE).