Pipeline Business

Fluxy logo on a smartphone screen infront of the website (© Shutterstock/T. Schneider)
Fluxy logo on a smartphone screen infront of the website (© Shutterstock/T. Schneider)

Fluxys to Triple Hydrogen Pipeline Spending to $2.19 Billion in the New Investment Plan

Belgian gas transmission system operator Fluxys plans to invest €2 billion ($2.19 billion) in hydrogen pipelines by 2033, nearly tripling its initial budget of €700 million ($764m) for the previous 9-year investment plan.

A pile of 100 US Dollar bills (© Shutterstock/RomanR)
A pile of 100 US Dollar bills (© Shutterstock/RomanR)

Canada’s TC Energy to Sell Pipeline Stake to Indigenous Groups for $722 Million

Pipeline operator TC Energy Corp. said Tuesday, July 30, it will sell a 5.34% stake in its Canadian natural gas pipeline system to Indigenous communities for C$1 billion ($722.1 million) as part of its plan to reduce the debt burden and fund investments. 

The flag of India on the map (© Shutterstock/hyotographics)
The flag of India on the map (© Shutterstock/hyotographics)

India’s New Pipeline Tariffs Take Effect, Implementing New Tariff Hikes

India’s Petroleum and Natural Gas Regulatory Board’s new tariffs for transporting petroleum products through older pipelines have taken effect today (August 1, 2024), replacing a system in place since December 2010.

Middle East and Africa Drive Penspen's $106 Million Contract Surge in First Half of 2024 (©2024 Penspen)
Middle East and Africa Drive Penspen's $106 Million Contract Surge in First Half of 2024 (©2024 Penspen)

Middle East and Africa Drive Penspen's $106 Million Contract Surge in First Half of 2024

Penspen announces a positive start to the fiscal year with $106 million awarded in new contract awards during the first half of 2024, a 30% increase on the same period in 2023.

Enagas logo on a screen infront of the website (© Shutterstock/T. Schneider)
Enagas logo on a screen infront of the website (© Shutterstock/T. Schneider)

Spain Grants Enagas Preliminary Approval for Hydrogen Pipeline Project

Spain has granted preliminary approval to gas grid operator Enagas to begin developing the country’s portion of a planned trans-European hydrogen pipeline and related infrastructure.

Flag of Canada (© Shutterstock/Tatohra)
Flag of Canada (© Shutterstock/Tatohra)

Canada to Delay Trans Mountain Divestment Until After 2025 Election

The Canadian government is likely to postpone the sale of the Trans Mountain oil pipeline until after the 2025 federal election, Reuters News reported Monday, July 26, citing unnamed officials interviewed by Bloomberg News. 

 A man in a business suit offers money (© Shutterstock/Oleksandrum)
A man in a business suit offers money (© Shutterstock/Oleksandrum)

Trans Mountain Pipeline Mulls Debt Deal to Ease Financial Burden Ahead of Potential Sale

Canada’s major energy project, Trans Mountain Corp., is exploring a debt deal to refinance a portion of its C$25.3 billion ($18.4 billion) debt load before the government divests its ownership, Bloomberg News reported Monday, July 22, 2024.