oil-gas
03 December 2025
Pipeline Technology Journaloil-gas
Dec 03, 2025Pipeline Technology Journal
Egypt's Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $273 million Engineering, Procurement, and Construction (EPC) contract to build a 193-kilometer natural gas pipeline in Oman.
The contract, announced on Monday during a meeting between Egyptian Minister of Petroleum and Mineral Resources Karim Badawi and OQ Gas Networks (OQGN) Managing Director Mansoor Ali Al-Abdali, highlights the growing energy infrastructure cooperation between the two nations.
In addition to the gas pipeline, PETROJET will implement the first phase of OQGN's planned hydrogen pipeline network, undertaking 400 kilometers of the total 2,000-kilometer project at an estimated cost of $250 million. Â
The Egyptian firm is also preparing to compete for upcoming green hydrogen and Natural Gas Liquids Extraction (NGLE) projects, leveraging its international expertise. The announcement was made at Oman’s Green Hydrogen Summit, where leaders discussed collaborative opportunities.Â
Separately, Minister Badawi and Mohsen Al-Hadhrami, Undersecretary of the Ministry of Energy and Minerals and Chairman of Petroleum Development Oman (PDO), reviewed PETROJET’s involvement in civil works and housing under a new framework agreement, alongside five other firms.
Other Egyptian firms, Engineering for the Petroleum and Process Industries (ENPPI) and Egypt Gas, are moving forward with registration on OQGN’s Tawreed platform. Both companies are finalizing technical pre-qualification documents for gas pressure reduction stations at Duqm Refinery, aiming for completion before the end of the year.Â
ENPPI, a current partner with OQGN, Oman Tank Terminal Company (OTTCO), and Duqm Refinery, is listed as a strong contender for all forthcoming project tenders.
Further discussions, including meetings with OQ Alternative Energy and Hydrogen Oman Company (Hydrome), focused on expanding Egyptian companies’ footprint in oil, natural gas, green hydrogen, and ammonia projects, particularly in the key regions of Salalah and Duqm.
The suite of agreements solidifies the deepening relationship between the Egyptian and Omani energy sectors, with PETROJET, ENPPI, and other Egyptian firms poised for pivotal roles in Oman’s emerging energy and industrial development initiatives.
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Egypt'S Petrojet Secures $273M Oman Gas Pipeline Deal, Deepening Energy TiesEgypt's Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $273 million Engineering, Procurement, and Construction (EPC) contract to build a 193-kilometer natural gas pipeline in Oman.
The contract, announced on Monday during a meeting between Egyptian Minister of Petroleum and Mineral Resources Karim Badawi and OQ Gas Networks (OQGN) Managing Director Mansoor Ali Al-Abdali, highlights the growing energy infrastructure cooperation between the two nations.
In addition to the gas pipeline, PETROJET will implement the first phase of OQGN's planned hydrogen pipeline network, undertaking 400 kilometers of the total 2,000-kilometer project at an estimated cost of $250 million. Â
The Egyptian firm is also preparing to compete for upcoming green hydrogen and Natural Gas Liquids Extraction (NGLE) projects, leveraging its international expertise. The announcement was made at Oman’s Green Hydrogen Summit, where leaders discussed collaborative opportunities.Â
Separately, Minister Badawi and Mohsen Al-Hadhrami, Undersecretary of the Ministry of Energy and Minerals and Chairman of Petroleum Development Oman (PDO), reviewed PETROJET’s involvement in civil works and housing under a new framework agreement, alongside five other firms.
Other Egyptian firms, Engineering for the Petroleum and Process Industries (ENPPI) and Egypt Gas, are moving forward with registration on OQGN’s Tawreed platform. Both companies are finalizing technical pre-qualification documents for gas pressure reduction stations at Duqm Refinery, aiming for completion before the end of the year.Â
ENPPI, a current partner with OQGN, Oman Tank Terminal Company (OTTCO), and Duqm Refinery, is listed as a strong contender for all forthcoming project tenders.
Further discussions, including meetings with OQ Alternative Energy and Hydrogen Oman Company (Hydrome), focused on expanding Egyptian companies’ footprint in oil, natural gas, green hydrogen, and ammonia projects, particularly in the key regions of Salalah and Duqm.
The suite of agreements solidifies the deepening relationship between the Egyptian and Omani energy sectors, with PETROJET, ENPPI, and other Egyptian firms poised for pivotal roles in Oman’s emerging energy and industrial development initiatives.
Pipeline Technology Journal
oil & gas
03 December 20252 min readEgypt'S Petrojet Secures $273M Oman Gas Pipeline Deal, Deepening Energy Ties
Pipeline Technology Journal
03 December 2025
oil-gas
Petrobras Trims $109 Billion Capex Plan As Lower Oil Prices Pressure Dividends(Bloomberg) – Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend payments in doubt at a time of lower oil prices. Shares fell.Â
The state-controlled oil producer is caught between the government’s desire to grow the economy - especially ahead of a 2026 presidential election - and investors who demand high dividends and low debt. While Petrobras announced a regular dividend payout of at least $45 billion for the 2026-2030 period, similar to the previous plan, it didn’t commit to pay any extraordinary payouts to shareholders.Â
Petrobras shares slid as much as 3.4% in Sao Paulo on Friday, the largest intraday drop since August, while Brent prices were are slightly lower.
“The absence of short-term capex optimization could result in single-digit dividend yields ,” Itau Unibanco Holding SA said in a note to clients. “This could be perceived as disappointing by investors.”
Petroleo Brasileiro SA, as it is formally known, will direct $91 billion of the total capital expenditure to projects under implementation, of which $10 billion will still need budget confirmation subject to a financing analysis. The rest is still under analysis “with a lower degree of maturity,” it said in a filing on Thursday.
The spending plan is being closely watched by investors as it has an important political dimension in Brazil. The company is a major source of cash for the federal budget. It is the first time Petrobras has reduced its five-year budget after President Luiz Inacio Lula da Silva took office in 2023.Â
The previous plan was based on an oil price assumption of $83 a barrel, while Brent crude is currently trading near $63.Â
Petrobras earmarked 71.6% of the 2026-2030 plan, or $78 billion, for exploration and production. That includes boosting output at its deep-water fields in the so-called pre-salt region, while also exploring new areas in Brazil and abroad.Â
The Rio de Janeiro-based company’s plan includes eight new offshore production units by 2030, and an additional 10 production vessels that are being considered for after 2030. It expects to drill 15 wells at Brazil’s Equatorial Margin — an offshore region where it recently got a permit for its first well — and is hoping to find discoveries similar to the ones Exxon Mobil Corp. has made off the coast of Guyana.
Oil production
Oil production is expected to peak at 2.7 million barrels a day by 2028, up from a previous plan ceiling. Petrobras also raised the short-term target to 2.5 million barrels of oil a day next year from the previous 2.4 million, potentially adding to a global glut at a time when the International Energy Agency is concerned about oversupply. Â
Refining and related business lines such as fertilizers and logistics will account for about $20 billion of spending over the next five years. Petrobras is developing a portfolio of renewable fuels in an effort to decarbonize industries including shipping and aviation. The company said it will not build new refineries.Â
Planned spending on gas and low-carbon projects is at $4 billion, driven by biofuels, biomethane and a return to ethanol production. Petrobras is looking at taking preferably strategic minority partnerships or shared control with relevant players in these areas, it said.
Petrobras kept its debt ceiling at $75 billion.
The plan “could make investors more skeptical toward the Petrobras investment thesis, as it shows a tight financial situation amid lower Brent prices, despite solid operating performance,” BTG analyst Gustavo Cunha wrote in a report, noting that Petrobras’s outlook now depends even more on a decline in Brazil’s sovereign risk heading into the 2026 elections.
World Oil
oil & gas
29 November 20254 min readPetrobras Trims $109 Billion Capex Plan As Lower Oil Prices Pressure Dividends
World Oil
29 November 2025
oil-gas
Uae: Adnoc Gas And Emsteel Sign $4 Billion, 20-Year Natural Gas Supply Agreement To Power Uae’S Industrial GrowthADNOC Gas and its subsidiaries, a world-class integrated gas processing company, has announced the signing of a landmark agreement, valued between $3.5 and $4.2 billion with EMSTEEL, one of the region’s largest integrated steel and building materials manufacturers. The 20-year agreement, effective January 1, 2027, secures a stable and reliable supply of lower-carbon natural gas to power EMSTEEL’s operations and future growth.
This milestone reinforces the long-standing partnership between ADNOC Gas and EMSTEEL and demonstrates both companies’ commitment to driving sustainable economic growth in the UAE. The agreement not only secures a dependable energy supply for one of the country’s leading industrial producers but also strengthens ADNOC Gas’ competitive position as a key enabler of industrial resilience and cleaner energy transition.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: 'This landmark agreement to supply EMSTEEL with lower-carbon natural gas underpins ADNOC Gas role in boosting the UAE’s industrial growth and economic development. We remain firmly committed to delivering reliable, lower-carbon energy that powers national industries, drives value creation, and helps secure the UAE’s long term prosperity.'
Engineer Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said: 'EMSTEEL is proud to extend its long-standing partnership with ADNOC Gas through this landmark agreement, which reflects the strength of collaboration between two national champions driving the UAE’s industrial and economic transformation. This strategic partnership not only ensures a secure and sustainable energy supply for our operations but also reinforces our shared commitment to maximizing In-Country Value and supporting national economic resilience. With ADNOC Gas as a key energy partner, EMSTEEL will continue advancing green steel production, enhancing efficiency across our value chain, and contributing to the sustainable growth of the nation’s industrial ecosystem.'
In clear recognition of ADNOC Gas’ strategic importance, the ADNOC Board of Directors selected Habshan, one of its most critical operational sites, to hold its annual meeting last Monday. The decision underscores the vital contribution of ADNOC Gas to the UAE’s energy security, industrial resilience, and global standing as a responsible and dependable energy provider.
During the visit, their Highnesses toured key facilities and were briefed on ADNOC Gas’ ongoing expansion programs, including major processing, compression, and sustainability initiatives that strengthen operational excellence and support the UAE’s long-term energy strategy. The Board’s presence at Habshan reflects strong confidence in the company’s direction, its people, and its growing contribution to the national economy.
EMSTEEL is the UAE's largest publicly listed steel and building materials company, operating an integrated manufacturing plant, and exporting its products globally. By delivering a stable, long-term supply of lower carbon natural gas, ADNOC Gas is enabling EMSTEEL to scale production while managing emissions and strengthening the resilience of the UAE’s manufacturing base.Â
Original announcement link
Source: ADNOC Gas
Energypedia News
oil & gas
28 November 20253 min readUae: Adnoc Gas And Emsteel Sign $4 Billion, 20-Year Natural Gas Supply Agreement To Power Uae’S Industrial Growth
Energypedia News
28 November 2025
oil-gas
Angola Starts Up $4 Billion Gas Facility To Advance Energy Security, Gas Monetization(Bloomberg) – Angolan President João Lourenço opened a $4 billion gas processing plant in Soyo as the longtime crude producer increases its focus on the fuel.
The facility, built by the Novo ConsĂłrcio de Gás, can process 400 million cubic feet of gas a day from Angola’s first standalone fields, Minerals and Petroleum Minister Diamantino Azevedo said at the site. It was finished months ahead of schedule.Â
NCG stakeholders include Azule Energy, Sonangol E&P, Chevron and TotalEnergies.
With the start of operations Thursday, the plant will supply fuel for domestic power, industrial users and LNG exports as Angola works to broaden its energy mix and reduce its dependence on crude. That includes using gas for electricity generation, petrochemicals, ammonia and urea production, Azevedo said.
The project will make an important contribution to energy security and to Angola’s industrialization capacity. “This is only the beginning,” Azevedo said. “We will continue developing additional gas resources offshore and onshore.”
Azule Energy Chief Executive Officer Adriano Mongini said he is “proud to deliver a project with a truly transformative impact on Angola’s gas sector.” The Eni SpA and bp Plc joint venture completed the Quiluma and Maboqueiro gas field platforms earlier this year.
World Oil
oil & gas
28 November 20251 min readAngola Starts Up $4 Billion Gas Facility To Advance Energy Security, Gas Monetization
World Oil
28 November 2025
oil-gas
Uae’S Adnoc Gas And Emsteel Sign $4 Billion 20-Year Natural Gas Supply AgreementUAE’s ADNOC Gas Plc and its subsidiaries announced the signing of a landmark $4-billion agreement, valued between $3.5 and $4.2 billion with EMSTEEL, one of the region’s largest integrated steel and building materials manufacturers.
The 20-year agreement, effective January 1, 2027, secures a stable and reliable supply of lower-carbon natural gas to power EMSTEEL’s operations and future growth.
The company stated that, this milestone reinforces the long-standing partnership between ADNOC Gas and EMSTEEL and demonstrates both companies’ commitment to driving sustainable economic growth in the UAE. The agreement not only secures a dependable energy supply for one of the country’s leading industrial producers but also strengthens ADNOC Gas’ competitive position as a key enabler of industrial resilience and cleaner energy transition.
In clear recognition of ADNOC Gas’ strategic importance, the ADNOC Board of Directors selected Habshan, one of its most critical operational sites, to hold its annual meeting last Monday. The decision underscores the vital contribution of ADNOC Gas to the UAE’s energy security, industrial resilience, and global standing as a responsible and dependable energy provider.
During the visit, their Highnesses toured key facilities and were briefed on ADNOC Gas’ ongoing expansion programs, including major processing, compression, and sustainability initiatives that strengthen operational excellence and support the UAE’s long-term energy strategy. The Board’s presence at Habshan reflects strong confidence in the company’s direction, its people, and its growing contribution to the national economy.
EMSTEEL is the UAE’s largest publicly listed steel and building materials company, operating an integrated manufacturing plant, and exporting its products globally. By delivering a stable, long-term supply of lower carbon natural gas, ADNOC Gas is enabling EMSTEEL to scale production while managing emissions and strengthening the resilience of the UAE’s manufacturing base.
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SaudiGulf Projects – October 2025 Updates along with summary of Major Projects awards
Now available in PDF format!
Stay ahead with the latest project news, developments, and insights from across the Gulf.
For more details, please visit:Â Monthly Reports-October 2025
Saudi Gulf Projects
oil & gas
27 November 20252 min readUae’S Adnoc Gas And Emsteel Sign $4 Billion 20-Year Natural Gas Supply Agreement
Saudi Gulf Projects
27 November 2025
oil-gas
Adnoc Gas Seals $4 Billion, 20-Year Natural Gas Supply Deal With EmsteelADNOC Gas has signed a long-term agreement valued between $3.5 billion and $4.2 billion to supply lower-carbon natural gas to EMSTEEL, one of the UAE’s largest integrated steel and building materials manufacturers. The 20-year contract, effective Jan. 1, 2027, secures feedstock for EMSTEEL’s industrial operations while expanding ADNOC Gas’ long-term revenue portfolio.
The deal reinforces the companies’ longstanding partnership and supports the UAE’s broader strategy to strengthen domestic industrial capacity with cleaner-burning energy sources. EMSTEEL will use the contracted gas to scale production, advance its green-steel initiatives and improve efficiency across its value chain.
Fatema Al Nuaimi, CEO of ADNOC Gas, said the agreement “underpins ADNOC Gas’ role in boosting the UAE’s industrial growth and economic development,” adding that the company remains committed to delivering reliable, lower-carbon energy to strategic domestic sectors.
EMSTEEL Group CEO Saeed Ghumran Al Remeithi said the partnership “reflects the strength of collaboration between two national champions,” providing long-term energy security while supporting in-country value and the UAE’s industrial resilience.
The announcement follows the recent ADNOC Board meeting held at the company’s Habshan complex, highlighting ADNOC Gas’ strategic role in the UAE’s energy system. Board members reviewed ongoing expansion programs in processing, compression and sustainability aimed at supporting national energy security and long-term industrial growth.
World Oil
oil & gas
27 November 20252 min readAdnoc Gas Seals $4 Billion, 20-Year Natural Gas Supply Deal With Emsteel
World Oil
27 November 2025
oil-gas
Eni’S $180M Pitch To Boost Egyptian Gas OutputItalian energy company Eni reportedly plans to invest $180 million in a new gas processing plant at its Meleiha onshore concession in Egypt’s Western Desert amid a growing domestic shortfall of gas.
The plant will have a processing capacity of 100 million cubic feet per day, Asharq Business, an Arabic-language financial website, reported, quoting an unidentified official.
Eni aims to add nearly 80 million cubic feet per day to the country’s gas production by next September, as part of a plan to increase output from the Meleiha fields next year.Â
The plant will increase field efficiency and reduce losses, helping Cairo to boost domestic gas production and narrow the production-consumption gap.
Eni also intends to build a new gas pipeline within the concession and link it to the northern pipeline in the Mellaha area, strengthening gas processing and transport in the Western Desert.
The Italian company started production from the Mellaha field in April 2022 with an initial capacity of 8,500 barrels of oil equivalent per day.
Egypt’s petroleum ministry has been working with foreign companies to complete five gas projects next fiscal year, with total investments of $1.6 billion. The country’s fiscal year runs from July 1 to June 30.
It produces an estimated 4.2 billion cubic feet of natural gas per day, compared with domestic demand of 6.2 billion cubic feet per day.Â
In October Eni resumed offshore exploration in Libya after a hiatus of over five years.
This month, Egypt launched a global tender for oil and gas exploration in four Red Sea regions, aiming to attract new foreign investment and boost domestic gas production.
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Arabian Gulf Business Insight
oil & gas
19 November 20252 min readEni’S $180M Pitch To Boost Egyptian Gas Output
Arabian Gulf Business Insight
19 November 2025
oil-gas
Turkey'S Tpao Targets $4 Billion Debt Issuance To Accelerate Oil And Gas Production(Bloomberg) – Turkey’s state energy company Turkiye Petrolleri AO plans to sell as much as $4 billion in Islamic debt as part of its push to expand oil and gas production, marking the firm’s first such international debt offering.
The company, also known by its Turkish initials TPAO, is preparing to issue the five-year sukuk to international investors by the end of the year, Energy Minister Alparslan Bayraktar told Bloomberg on Monday.
The debut sukuk follows non-deal roadshow meetings in London, Abu Dhabi and Dubai, where officials briefed potential investors on TPAO’s financial outlook and projects, including Black Sea natural gas production and the Gabar oil field in Turkey’s southeast, he said.
Owned by Turkey’s sovereign wealth fund, TPAO also has a growing portfolio of international projects including exploration plans in Libya, Oman and Pakistan alongside existing production in Azerbaijan, Iraq and Russia.
TPAO produced 33.7 MMbbl of oil and 2.2 Bcm of gas in Turkey in 2024, former CEO Ahmet Turkoglu told a parliamentary commission earlier this year. It also pumped 39.4 MMboe from international projects.
He said that the company made a profit of 15.4 billion liras last year — equivalent to around $390 million at the time of the comments.
Production is set to increase both at home and abroad. Turkey plans to increase output at the main Black Sea gas field, Sakarya, to 45 MMcm/d in 2028 from the current 9.5 MMcm/d, Bayraktar said. TPAO is also planning to develop unconventional reserves in the southeast in partnership with U.S.-based Continental Resources, Inc. and TransAtlantic Petroleum Ltd.
TPAO established a subsidiary, TPAO Varlik Kiralama, earlier this month to manage the sukuk issuance.
The debt sale comes as Turkey’s borrowing costs decline due to an easing of political tensions at home, the government’s commitment to orthodox economics and improved sentiment toward emerging markets.
That has fueled wave of issuances from both the state and private sector and led Gulf banks in particular to expand their lending in the country.
World Oil
oil & gas
19 November 20252 min readTurkey'S Tpao Targets $4 Billion Debt Issuance To Accelerate Oil And Gas Production
World Oil
19 November 2025
oil-gas
Canada Prioritizes $56B Lng Project & Pipeline Over OilThe Canadian federal government has designated the massive Ksi Lisims Liquefied Natural Gas (LNG) facility and its supply pipeline as a nation-building project, headlining a $56-billion package of energy and mining developments unveiled Thursday.Â
This move fast-tracks the proposed LNG export terminal in British Columbia's northwest, while omitting a new oil pipeline from the priority list.
Prime Minister Mark Carney confirmed the project's referral to Ottawa’s new Major Projects Office, emphasizing LNG's role in the global energy transition.Â
“LNG is an essential fuel for the energy transition,” Carney said, predicting it could help Canada build new trade relationships, especially in Asia, where global demand is forecast to rise by 60% by 2040.Â
Canada, home to the world's fourth-largest natural gas reserves, aims to supply up to 100 million tons annually of new LNG exports.
The Ksi Lisims LNG project, which would become the country’s second-largest terminal, involves constructing the 800-kilometer Prince Rupert Gas Transmission (PRGT) pipeline through northern B.C. The pipeline would move gas from the B.C.-Alberta Montney play to a floating terminal on Nisga’a Nation territory near Prince Rupert.
The joint venture—between the Nisga’a Nation, developer Western LNG, and gas producers Rockies LNG—has already secured major regulatory approvals.Â
Western LNG CEO Davis Thames called the federal designation a “validation” of their approach to climate and Indigenous interests, saying a final investment decision is likely early next year.Â
Carney noted the facility is expected to run entirely on hydroelectricity, making it potentially the world's lowest-carbon LNG producer.
Despite this, the project faces opposition, including Federal Court challenges from the neighboring Lax Kw’alaams Band and Metlakatla First Nations. The Nisga’a Nation, a project partner, said it is working with other Indigenous communities to finalize agreements, including equity stakes in the pipeline.
The announcement comes as the federal government is under pressure from Alberta to give similar priority to a new oil pipeline to the West Coast. Alberta Premier Danielle Smith’s office confirmed Wednesday that "sensitive" negotiations are ongoing with Ottawa.Â
Smith's government is seeking a memorandum of understanding that would include the removal or overhaul of federal laws hindering investment, alongside an agreement to work toward approval of a new bitumen export pipeline to Asian markets.
Other developments announced Thursday included three critical minerals projects in Ontario, Quebec, and New Brunswick, as well as major transmission projects in B.C., Nunavut, and the Yukon.
Pipeline Technology Journal
oil & gas
18 November 20252 min readCanada Prioritizes $56B Lng Project & Pipeline Over Oil
Pipeline Technology Journal
18 November 2025
oil-gas
Williams' $1B Nese Gas Pipeline Project To Add 34 Bcf/D To Us Grid Amid Surplus ConcernUS regulators have approved key permits for Williams’ $1 billion Northeast Supply Enhancement (NESE) project, clearing the path for construction of the 34 Bcf/d pipeline.Â
The NESE project, which had been previously shelved, became a symbol of the energy industry's struggle to build capacity for expected gas demand growth through the early 2030s.
Approved on Nov. 7 by the New York State Department of Environmental Conservation (DEC) and the New Jersey Department of Environmental Protection, the permits are crucial for NESE to cross waterways.Â
The approvals reverse earlier denials from 2018 to 2020 and were spurred by recent concerns about potential winter gas shortages in the pipeline-constrained Northeast.Â
The project aims to boost capacity on Williams’ Transcontinental Gas pipeline by 400 million cubic feet per day (MMcf/d) to serve New York City and Long Island starting in late 2027.
Williams had revived NESE in June 2025, citing renewed grid concerns and a "friendlier political and regulatory climate" following the reelection of President Donald Trump.Â
New York’s Public Service Commission had also weighed in, urging the DEC to approve the project to prevent “catastrophic” gas shortages. However, the reality on the ground suggests the industry may already be headed toward a capacity surplus.Â
Midstream companies have reached final investment decisions (FIDs) on more than 34 billion cubic feet per day (Bcf/d) of new pipeline capacity slated for 2026-2029, according to East Daley Analytics.Â
This exceeds even the most optimistic analyst projections for gas demand growth driven by liquefied natural gas (LNG) exports and electricity generation for new data centers, which range from 18 Bcf/d to 27 Bcf/d through 2030.
“Our members report a record number of inquiries for additional capacity,” said Amy Andryszak, president and CEO of the Interstate Natural Gas Association of America.
Jack Weixel, senior director of energy analysis at East Daley, attributed the surge to easing market and political pressures, including the potential for federal permit reform that would limit state veto power.
Analysts caution that this rapid buildout could lead to temporary capacity overbuild, particularly in the Permian Basin, where 9.1 Bcf/d is planned against a projected 6 Bcf/d in production growth.
However, Luciano Di Fiori, a partner at McKinsey, noted that any overbuild would likely be temporary, citing the "virtually guaranteed demand pull" from the doubling of Gulf Coast LNG export capacity.Â
Despite the NESE win, Williams withdrew a similar application for its Constitution project in New York, vowing to refile soon.
Pipeline Technology Journal
oil & gas
18 November 20253 min readWilliams' $1B Nese Gas Pipeline Project To Add 34 Bcf/D To Us Grid Amid Surplus Concern
Pipeline Technology Journal
18 November 2025
oil-gas
Totalenergies Accelerates Gas-To-Power Strategy With $5.5 Billion Eph DealTotalEnergies has signed a €5.1 billion ($5.5 billion) all-stock agreement to acquire a 50% stake in EPH’s flexible power generation platform, marking one of the company’s most significant moves yet to scale its gas-to-power integration strategy across Europe.
The transaction creates a 50/50 joint venture holding more than 14 GW of flexible generation capacity — including gas-fired plants, biomass facilities and battery systems — with another 5 GW in development. TotalEnergies said the acquisition will immediately expand its role in Europe’s most profitable electricity markets across Italy, the UK, Ireland, the Netherlands and France.
The company expects the deal to deliver 15 TWh/year of net electricity production, increasing to 20 TWh by 2030, positioning the joint venture as one of Europe’s largest flex-gen operators. TotalEnergies will issue 95.4 million shares to EPH to fund the purchase, making EPH one of its largest shareholders.
CEO Patrick Pouyanné said the acquisition strengthens TotalEnergies’ ability to balance intermittent renewables with dispatchable, gas-fired generation — a core pillar of its Integrated Power strategy. “Given our position as the #1 gas supplier in Europe, this transaction enables us to fully capitalize on gas-to-power integration and create added value for our LNG chain, independently of oil cycles,” he said.
TotalEnergies expects the deal to be immediately accretive to free cash flow per share, adding roughly $750 million per year over the next five years. The company also reduced its net Capex guidance to $14–16 billion per year for 2026–2030, including $2–3 billion annually for power investment.
EPH Chairman Daniel KĹ™etĂnskĂ˝ said the partnership reflects a long-term commitment to TotalEnergies’ transition strategy and strengthens both companies’ positions in Europe’s rapidly shifting energy markets.
The transaction is subject to regulatory and employee-consultation processes, with completion expected by mid-2026.
World Oil
oil & gas
18 November 20252 min readTotalenergies Accelerates Gas-To-Power Strategy With $5.5 Billion Eph Deal
World Oil
18 November 2025
oil-gas
Williams' $1B Nese Gas Pipeline Project To Add 400 Mcf/D To Us Grid Amid Surplus ConcernUS regulators have approved key permits for Williams’ $1 billion Northeast Supply Enhancement (NESE) project, clearing the path for construction of the pipeline.Â
The NESE project, which had been previously shelved, became a symbol of the energy industry's struggle to build capacity for expected gas demand growth through the early 2030s.
Approved on Nov. 7 by the New York State Department of Environmental Conservation (DEC) and the New Jersey Department of Environmental Protection, the permits are crucial for NESE to cross waterways.Â
The approvals reverse earlier denials from 2018 to 2020 and were spurred by recent concerns about potential winter gas shortages in the pipeline-constrained Northeast.Â
The project aims to boost capacity on Williams’ Transcontinental Gas pipeline by 400 million cubic feet per day (MMcf/d) to serve New York City and Long Island starting in late 2027.
Williams had revived NESE in June 2025, citing renewed grid concerns and a "friendlier political and regulatory climate" following the reelection of President Donald Trump.Â
New York’s Public Service Commission had also weighed in, urging the DEC to approve the project to prevent “catastrophic” gas shortages. However, the reality on the ground suggests the industry may already be headed toward a capacity surplus.Â
Midstream companies have reached final investment decisions (FIDs) on more than 34 billion cubic feet per day (Bcf/d) of new pipeline capacity slated for 2026-2029, according to East Daley Analytics.Â
This exceeds even the most optimistic analyst projections for gas demand growth driven by liquefied natural gas (LNG) exports and electricity generation for new data centers, which range from 18 Bcf/d to 27 Bcf/d through 2030.
“Our members report a record number of inquiries for additional capacity,” said Amy Andryszak, president and CEO of the Interstate Natural Gas Association of America.
Jack Weixel, senior director of energy analysis at East Daley, attributed the surge to easing market and political pressures, including the potential for federal permit reform that would limit state veto power.
Analysts caution that this rapid buildout could lead to temporary capacity overbuild, particularly in the Permian Basin, where 9.1 Bcf/d is planned against a projected 6 Bcf/d in production growth.
However, Luciano Di Fiori, a partner at McKinsey, noted that any overbuild would likely be temporary, citing the "virtually guaranteed demand pull" from the doubling of Gulf Coast LNG export capacity.Â
Despite the NESE win, Williams withdrew a similar application for its Constitution project in New York, vowing to refile soon.
Pipeline Technology Journal
oil & gas
18 November 20253 min readWilliams' $1B Nese Gas Pipeline Project To Add 400 Mcf/D To Us Grid Amid Surplus Concern
Pipeline Technology Journal
18 November 2025
oil-gas