IEA: Europe Will Have To Cut Gas Usage By Nearly One-Third
In the first quarter of next year, the countries of the European Union will have to cut their usage of natural gas by up to 30% in preparation for a Continue Reading
Texas repeatedly raises pollution limits for Cheniere LNG plant
Cheniere, the largest U.S. exporter of liquefied natural gas, boasts that it’s helping to “improve local air quality in communities globally” because the cleaner burning fuel it ships displaces coal Continue Reading
Analysis: Running short of gas: Russia’s pipeline repair has Europe worried
When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won’t turn it back on again. This Continue Reading
EU plan for life without Russian gas a priority as leaders meet
EU leaders will on Friday discuss how the bloc would cope without Russian gas, and are expected to accuse Moscow of “weaponising” energy via a supply squeeze that Germany warned Continue Reading
Buyers Scramble To Lock In Long Term LNG Contracts In 2022
The volume of long-term LNG contracts signed to end-user markets climbed to a 5-year high in 2021. 10-year LNG contracts are currently priced at ~75% above 2021’s rate. Bloomberg data Continue Reading
Cheniere Energy authorizes expansion at Texas LNG export plant
Top U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc (LNG.A) on Wednesday gave the financial go-ahead to an $8 billion expansion of its Corpus Christi, Texas, plant and signaled Continue Reading
Below-average weekly US natural gas storage build expected amid rising power burn demand
Highlights Storage survey shows 70 Bcf weekly net build expected June 11-17 power burn highest for that week since 2012 NYMEX Henry Hub prompt falls to 7-week low June 21 Continue Reading
German Utility Signs Long-Term Deal to Buy LNG From the US
German utility EnBW Energie Baden-Wuerttemberg AG signed a long-term deal to purchase liquefied natural gas from a US exporter, becoming the latest European firm to procure American fuel in a Continue Reading
Freeport LNG Extends Force Majeure Until September
Freeport LNG has declared a force majeure on LNG exports from its Gulf Coast location until September, Bloomberg sources said on Friday. The company had reported earlier in the week Continue Reading
Asian LNG spot prices breach $38/MMBtu as supply risks exacerbate
Highlights Russian pipeline gas supply cut in focus Outages in Atlantic basin to have knock on impact in Asia China may export cargoes as local demand stays weak Asian LNG Continue Reading
Freeport LNG Texas terminal outage hurts Europe, may help African exporters
Global liquefied natural gas (LNG) buyers – especially in Europe – and some U.S. shale producers have been reeling since a June 8 blast shut Freeport LNG’s massive export terminal Continue Reading
Freeport LNG Gives Update on Plant Blast
A return to full plant operations at the Freeport LNG liquefaction plant on Quintana Island, Texas, is not expected until late 2022. Freeport LNG Development L.P. has revealed that the Continue Reading
U.S. Natural Gas Rises Over 4.5% Amid Pre-Summer Heat Wave
After plunging to a 5-week-low on Tuesday, natural gas prices in the U.S. have ramped up again, gaining 4% on Wednesday on excessive temperatures expected to last through next week. Continue Reading
What Does Extended Freeport LNG Outage Mean?
The extended outage is ‘significantly longer’ than the three weeks that was initially reported. Freeport LNG’s expectation that full plant operations will come back online by late 2022, and a Continue Reading
Wyoming And Colorado Are Looking To Join The LNG Party
Wyoming produced over 1.37 trillion cu ft of natural gas last year. Colorado pumped 2.175 trillion cu ft in 2021. Opposition to more gas production remains strong in the two Continue Reading
Freeport LNG Not Expected To Resume Full Operations Until Late 2022
Freeport LNG will not resume full operations at its liquefication plant on Quintana Island until the end of this year, according to the company’s Tuesday press release. While China’s LNG Continue Reading
News of lengthy Freeport LNG terminal outage hits NYMEX gas futures
More gas to refill storage, rebalance market Some funds could be under pressure NYMEX front-month natural gas futures got walloped on June 14 following news from the operator that the Continue Reading
Texas LNG Blast Spells Trouble for Europe
The Freeport LNG blast spells trouble for Europe. The Freeport LNG blast spells trouble for Europe but opens a potentially lucrative opportunity for North and West African gas exporters to Continue Reading
Double blow to Europe’s gas supplies sparks price surge
Europe’s gas supplies suffered a double blow on Tuesday after a major US liquefied natural gas export terminal said it would be offline for at least three months and Russia Continue Reading
Europe Imports Record LNG Volumes
Europe is importing record levels of liquefied natural gas (LNG) this year as it looks to reduce dependence on Russian pipeline gas and fill gas storage ahead of next winter. Continue Reading
Liquefied Natural Gas Prices Will Steam Up Again
Demand for liquefied natural gas is rebounding in Asia, which was outbid for the fuel by European buyers earlier this year. An uneasy truce between Europe and Russia over the Continue Reading
LNG tanker charter rates hit record highs as demand soars
Spot-market rates for liquefied natural gas (LNG) tankers this week set annual records as traders bid up available vessels to meet rising global demand for the chilled gas, according to Continue Reading
U.S. Proposes Higher Standards for Home Gas Furnaces
The Biden administration has proposed higher energy-efficiency standards for home furnaces powered by natural gas , which could cause a popular form of gas heater that lacks condensing equipment to Continue Reading
May European LNG imports dip as capacity limits sink prices
Following a record month for physical LNG imports in April due to historic price spikes, monthly European receipts decreased in May as limitations in downstream transport pressured local hub prices, Continue Reading
Freeport LNG plant explosion puts added strain on global energy market – The Washington Post
An explosion at a major natural gas production facility in Texas could knock the plant off line for at least three weeks, company officials said Thursday, roiling global energy markets Continue Reading
The Future Is Bright For U.S. Natural Gas Producers
Russia’s invasion of Ukraine has changed the state of the global natural gas market forever. For U.S. natural gas producers, Europe’s desire to wean itself off natural gas has significantly Continue Reading
Russia does not expect to cut gas to more European customers
Russia said on Thursday it did not expect Gazprom (GAZP.MM) to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in Continue Reading
Russian gas deliveries to Europe via main routes remain steady
Russian gas delivery to Europe via the Nord Stream 1 pipeline across the Baltic Sea and through Ukraine remained stable on Friday morning, while eastbound flows rose along the Yamal-Europe Continue Reading
Explosion hits Freeport LNG plant, U.S. natgas prices plunge
A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby beaches and sending U.S. natural Continue Reading
The US Is Now Sending the Bulk of Its Export Gas to Europe
Ukraine in Talks to Purchase US LNG, Naftogaz CEO Says Europe has dethroned Asia as the biggest destination for US liquefied natural gas as the energy-starved region seeks to slash Continue Reading
Gas Industry Sees Flurry Of Megadeals As Prices Explode
Investors are suddenly recognizing the importance of energy security. Investors’ confidence in the US LNG sector has skyrocketed. Dealmaking in both upstream gas and utilities is increasing in 2022. Despite Continue Reading
LNG revolution: Germany’s plan to wean itself off Russian gas takes shape
A small orchard on the banks of the Elbe River in northern Germany, overgrown and circled by seagulls, holds the key to the country’s Russia-free energy future. The orchard, close Continue Reading
Global LNG contracting rush leaves Asian importers in tight spot
A resurgence in LNG contracting is expected to result in many more deals being signed in the coming months as LNG importers in Asia and Europe, portfolio players and trading Continue Reading
Russian gas flows to Europe ease slightly
Russian gas flows to Europe dipped slightly on Thursday morning, with reverse flows on the Yamal-Europe pipeline also easing, all in line with customer requests, operator data showed. Physical flows Continue Reading
Global LNG contracting rush leaves Asian importers in tight spot
A resurgence in LNG contracting is expected to result in many more deals being signed in the coming months as LNG importers in Asia and Europe, portfolio players and trading Continue Reading
NYMEX natural gas futures tumble amid bearish weather, production data
NYMEX front-month natural gas futures May 31 picked up where they left off before the long holiday weekend by tumbling to start the abbreviated trading week. At the end of Continue Reading
Russian gas flows to Europe fall after Moscow widens cuts
Russian gas flows to Europe fell on Wednesday after Moscow widened European cuts and halted Dutch, Danish and German contracts over refusals to accept Moscow’s roubles-for-gas payment scheme. Eastbound gas Continue Reading
Shell greenlights $2.5 bln Crux gas project off Australia
Shell Plc (SHEL.L) said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion. Construction is expected Continue Reading
Russia’s Gazprom continues shipping gas to Europe via Ukraine
Russian gas producer Gazprom (GAZP.MM) said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres (mcm), up from Continue Reading
China’s LNG imports set for first big decline as demand wanes
China’s imports of liquefied natural gas (LNG) are on track to post their first major decline this year, as high prices and weak manufacturing due to COVID-19 lockdowns crimp demand Continue Reading
Record spot gas demand puts US South Central storage build at risk this summer
Inventories at 124 Bcf, or nearly 14% below average Record power burns fuel salt dome withdraws in May Henry Hub winter, summer gas prices trade at parity Already depleted gas Continue Reading
FERC Approves Gas Pipeline Projects To Increase U.S. Exports
In the first quarter of 2022, the FERC approved three projects intended to increase U.S. natural gas exports via pipeline and as LNG. The U.S. Energy Information Administration recently updated Continue Reading
Europe’s Largest LNG Unit Restarts
Equinor’s Hammerfest LNG unit in Norway has been restarted after a September 2020 fire took it offline, the company reported on Friday. The unit is capable of producing 4.65 million Continue Reading
EU Plans For Gas Supply Interruptions
The European Union is drafting contingency plans in case of natural gas supply interruptions, the Financial Times has reported , citing the European Commissioner for Energy, Kadri Simson. According to Continue Reading
FID For $13.2B Louisiana LNG Project
This transaction represents the largest project financing in the world closed to date in 2022. Venture Global LNG has announced the successful closing of the $13.2 billion project financing for Continue Reading
Global LNG markets brace for unknowns ahead of winter
Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top importer China in the run-up Continue Reading
EU Working on Gas Deal With Egypt, Israel to Shore Up Supplies
The European Union is working on a deal to import Israeli gas through Egypt as the bloc rushes to reduce its reliance on Russian supplies. The fuel would be converted Continue Reading
EIA US natural gas storage report likely to post widest deficit yet for 2022
Survey predicts 87 Bcf build in the week ended May 20 Storage deficit would widen further to 320 Bcf NYMEX gas futures rally, trading near $9/MMBtu US natural gas in Continue Reading
Europe, Asia gas buyers switching to long-term supplies to beat volatile prices
Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will Continue Reading
Gas generation down across US West this spring as renewable capacity grows
Power burns down 260 MMcf/d spring 2022 vs. 2021 8.1 GW of renewable capacity installed over past year Commerce tariff investigation could slow solar growth Recent growth in renewable generating Continue Reading