ガスとエネルギー
概要
ガスと電力は、すべての経済活動を支える2つの不可欠なエネルギー源です。信頼できる市場情報、データ、価格へのアクセスはガスと電力セクターへのエクスポージャーに関して、より多くの情報に基づいた意思決定が可能になります。
当社の市場専門家チームは、独立した信頼できる価格査定、インデックス、市場データ、詳細な分析を提供しています。当社の価格とマーケット・インテリジェンスは、エネルギー会社、政府、銀行、規制当局、取引所、その他多くの組織で利用されています。より良い意思決定のために、これらの市場に関する当社の深い知識をご活用ください。
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US court finds 'section 122' tariffs unlawful
US court finds 'section 122' tariffs unlawful
Washington, 7 May (Argus) — A federal trade court ruled on Thursday that 10pc tariffs that President Donald Trump imposed in February on a vast number of imported products were unlawful under a 1974 law he used as the basis for the duties. Trump had imposed the "section 122" tariffs on imports on 20 February as a de facto replacement of emergency tariffs the US Supreme Court had thrown out the same day. Trump said he was imposing the 10pc tariffs to address a deficit in the "balance of payments" flowing into the US, using authorities that could remain in place for 150 days, until 24 July. Trump exempted energy, critical minerals, fertilizers and some agricultural imports from new import taxes. But the US Court of International Trade, in a 2-1 ruling on Thursday, found the latest tariffs were "invalid as contrary to law". The court said nowhere in the proclamation imposing the tariffs had Trump identified a "balance-of-payments deficit" under the meaning of the 1974 trade law. The administration had used a mechanism of finding deficits that unless every individual sub-account was balanced, the "president would always be able to identify a balance-of-payment deficit", the court said. The court permanently blocked the US from collecting the section 122 tariffs from state of Washington and two small private importers that had filed the case, and it also required the US to pay refunds and interest. But the court said California and other states that were part of the lawsuit had not shown legal "standing" to obtain the same relief. The court's decision, if upheld, could open the door to other states and plaintiffs that have paid the section 122 tariffs to pursue their own claims to obtain tariff refunds. The White House did not immediately respond to a request for comment. The administration is still in the process of refunding $166bn in emergency tariffs the Supreme Court struck down. The administration last month launched a system to manage tariff refunds. The first refunds will be paid out as early as 12 May, federal customs officials said earlier this week. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
First LNG planned at Mexico’s ECA in June: Sempra
First LNG planned at Mexico’s ECA in June: Sempra
Houston, 7 May (Argus) — US energy firm Sempra expects its 3.25mn t/yr (430mn ft³/d) Energia Costa Azul (ECA) LNG export terminal in Mexico to begin production next month, the company announced today. The terminal, at Baja California's Ensenada on the Pacific coast, began receiving feedgas on 20 April but has not yet produced LNG. The facility took about 27mn ft³/d of feedgas from 24 April to 4 May, according to the latest pipeline data. Sempra anticipates the terminal will begin producing LNG in June before reaching substantial completion this summer, the company said. The project has until 21 September to begin exports under its license with the US Department of Energy (DOE). The project will re-export US natural gas, mostly from the Permian basin of west Texas and New Mexico, putting its request to export LNG under DOE's purview. ECA's long-term offtake customers are TotalEnergies and Mitsui, which hold 1.7mn t/yr and 800,000 t/yr, respectively. By Tray Swanson Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Spain's Fertiberia to supply PepsiCo low-CO2 fertilizer
Spain's Fertiberia to supply PepsiCo low-CO2 fertilizer
London, 7 May (Argus) — Spanish fertilizer producer Fertiberia will progressively supply global food and beverage manufacturer PepsiCo with up to 150,000 t/yr of low-carbon nitrate fertilizers by 2030, under a new long-term supply agreement. Fertiberia will supply its renewable ammonia-based fertilizers, known under its Impact Zero brand, to global food and beverage manufacturer PepsiCo over an unspecified time frame. Farmers supplying PepsiCo will then use the fertilizers across approximately 400,000 acres (162,000 hectares) of farmland. Fertiberia has produced 20,000 t/yr of renewable ammonia at its Puertollano plant since 2022. The site has a 20MW electrolyser fed by an integrated 100MW solar photovoltaic plant. Fertiberia also produces 180,000 t/yr of natural-gas based ammonia at Puertollano, and previously indicated plans to add a further 50-180MW of electrolyser capacity — although it is yet to do so. The firm has also announced tentative plans for four further renewable ammonia projects in Spain, all of which have yet to reach final investment decisions. Fertiberia produces around 155,000 t/yr nitric acid at Puertollano. Combined with its ammonia feedstock, this can produce around 280,000 t/yr of ammonium nitrate and calcium ammonium nitrate fertilizers. Fertiberia's Impact Zero range utilises slow-release formulas and biological inhibitors to further enhance agronomic efficiency, reducing the overall greenhouse gas emissions of the finished product by 63pc. The supply agreement with PepsiCo builds on a successful trial in Spain and Portugal, where carbon emissions were cut by up to 20pc across corn farming and up to 15pc across potato farming, Fertiberia and PepsiCo said, without providing a benchmark emission level. The programme will now expand to France, Romania, Serbia, Greece and Turkey, for key crops including potatoes, corn, sunflower, sugar beet and rapeseed. The agreement will bring PepsiCo's share of low-carbon fertilizers used in its European operations up to 50pc by 2030, the company said. PepsiCo also has deals with Norwegian fertilizer company Yara in Europe , US nitrogen producer CF in the US and, most recently, agriculture technology company TalusAg across multiple regions . Similar initiatives have been undertaken by other global food and beverage manufacturers, which have a higher willingness to pay for the use of emissions-reducing fertilizer products in their supply chains than the farmers that are directly applying the product. By Lizzy Lancaster Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Australia to reserve 20pc of LNG projects' output
Australia to reserve 20pc of LNG projects' output
Sydney, 7 May (Argus) — Australia's federal government has fixed the amount of gas production that must be kept onshore for domestic users, with 20pc of LNG export volumes required to be supplied into local markets from 1 July 2027, with an exception for any existing contracts. The scheme will lower gas prices, the country's energy minister Chris Bowen said on 7 May, but Canberra declined to put a figure on the forecast price reduction for spot volumes. This will protect local industries reliant on gas and gas-fired power generation, the government said. The reservation will not apply to any export contracts signed before the December 2025 announcement of the reservation scheme . From commencement, projects wanting to export spot LNG will need to demonstrate supply into the domestic market before receiving a permit to ship supplies, creating a buyers' market for domestic gas, resources minister Madeleine King said. The exact volume of new gas entering the market from next year is uncertain. But LNG exports from east coast producers would average 1,253PJ, or about 22.6mn t/yr under long-term contracts and 85 PJ/yr or 1.5mn t/yr in expected LNG spot sales over 2026-35, according to Australia's annual Gas Statement of Opportunities (GSOO) report released in March. Gladstone harbour on Australia's east coast shipped 23.46mn t in 2025 and 24.04mn t in 2024. A total of 364 LNG cargoes were shipped from Gladstone's three projects in 2025. The projects are the 7.8mn t/yr Gladstone LNG (GLNG), the 9mn t/yr Australia-Pacific LNG (APLNG) and the 8.5mn t/yr Queensland Curtis LNG (QCLNG). Total output by LNG projects and domestic producers would fall by 12pc over 2026-30 , the 2026 GSOO said. The decline would largely be due to declining southern domestic field supply, which will fall from 318PJ in 2026 to 170PJ in 2030 as the Gippsland basin joint venture in Victoria state closes gas plants. Supply questions The 20pc reservation level would mean volumes equating to about 60pc of the east coast domestic gas market were pumped into the market, the upstream lobby Australian Energy Producers (AEP) said, arguing this would crowd out smaller domestic producers, reduce competition and impact future supply. Gas shortfalls would be better avoided by removing barriers to investment in new supply, AEP said. The plan could crash prices and deter investment by domestic-focused suppliers, Australian independent Beach Energy said. But Western Australia state's domestic reservation scheme for LNG exporters has not pushed out domestic suppliers, Bowen countered. But that state has shifted to allow some onshore LNG exports as an incentive for new projects to come on line , as it faces its own shortfall in supply into the 2030s . The scheme will permanently decouple pipeline gas from higher LNG prices, King said. But this is yet to occur despite a spike in international prices since the US-Iran war began. Argus ' Gladstone fob price, an LNG netback indicator calculated by subtracting freight and costs associated with production from the delivered price of LNG to Asia-Pacific, was A$21.23/GJ ($16.23/mn Btu) on 1 May, up from A$13.63/GJ on 27 February. The AVX, the Argus assessment for month-ahead spot gas deliveries to Victoria, stood at A$10.97/GJ on 30 April down from A$11.135/GJ on 27 February, largely due to mild weather conditions. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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