Japan is expected to announced on Wednesday a public-private initiative worth up to $10 billion to target the growing demand for liquefied natural gas (LNG) infrastructure in Asia, Nikkei reported Monday.
Spain’s utility Gas Natural Fenosa will sell €1.02 billion ($1.2 billion) worth of assets in Italy, as the company looks to exit the Italian market amid the new legal framework for distribution permits in the country.
Southern Co. and its Southern Company Gas unit are selling local natural gas distribution companies Elizabethtown Gas of Union, N.J., and Elkton Gas of Elkton, Md., to South Jersey Industries in an all-cash transaction with an enterprise value of roughly $1.7 billion.
Japan’s Jera said last week it’s acquiring a 50% equity interest in Linden Cogen Holdings, owner of a 972-megawatt natural gas-fired cogeneration complex in Linden, N.J., which supplies 10% of metropolitan New York City’s power.
The Railroad Commission of Texas issued a total of 903 original drilling permits in September, Kallanish Energy reports. That compares to 746 permits issued in September 2016, said the state agency that oversees oil and natural gas drilling in Texas. That is a 21.0% increase from a year ago
Austrian steelmaker voestalpine expects it will continue to operate using primarily conventional energy until 2030-2035, company executive Franz Kainersdorfer said at a conference presented by Austrian utility Verbund.