Natural Gas News – January 24, 2019

Natural Gas News – January 24, 2019

Aramco Ready To Pour Billions In U.S. Natural Gas

Forbes reported: Aramco is looking to invest in U.S. natural gas and is prepared to spend “billions” on acquisitions in the segment, the company’s chief executive Amin Nasser told Reuters on the sidelines of the World Economic Forum in Davos. Aramco’s international gas team has been given an open platform to look at gas acquisitions along the whole supply chain. They have been given significant financial firepower – in the billions of dollars,” Nasser said after he noted Aramco will pour US$10 billion in fresh investments into its U.S. refinery, Motiva, which is the largest in the country. The asset acquisition push into the United States is part of am ambitious US$150-billion natural gas expansion strategy over a period of ten years to 2030. As a result of the strategy, Aramco plans to become a net gas exporter. For more on this story visit oilprice.com or click https://bit.ly/2T7TdVi

BBL Natural Gas Link Operator Completes First Construction Phase to Enable Reverse Flow

S&P Global reported: The operator of the Dutch-UK natural gas pipeline BBL has completed the first construction phase to enable reverse flow through the link, allowing gas to move from the UK to the Netherlands. Second construction phase set for May, June. On schedule to be technically ready in ‘summer’. The first phase of work at the Anna Paulowna compressor station in the Netherlands has been completed, a spokesman for the pipeline said, with a second phase of work at both Anna Paulowna and the Bacton compressor station in the UK set for May and June. “We’re still on schedule and expect to be technically ready for reverse flow as of summer 2019,” the spokesman said. The construction work involves adjustments to schedules, pipelines, valves, process control and automation. Reverse flow to give UK additional summer export capacity. BBL in November last year said it would complete work to enable reverse flow three months earlier than planned. For more on this story visit the-journal.com or click https://bit.ly/2sGVviE

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