U.S. LNG Production Declines Despite Robust Demand
The flow of natural gas to liquefaction plants along the Gulf Coast has declined in October, largely due to maintenance and outages. S. LNG exports could start to rise this Continue Reading
Analysis: Global natural gas crisis dampens momentum for ‘cleaner’ LNG
Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritize securing shipments of any Continue Reading
LNG Freight Rates Hit $450,000 a Day as Russia Disrupts Fuel Supplies
Daily freight rates to ship liquefied natural gas are at a record high, and prices are expected to climb further as winter approaches. Spot rates for ships commonly used to Continue Reading
US LNG WEEKLY: Freeport LNG prepares to resume service after lengthy outage
The biggest US liquefaction facility received record high feedgas deliveries during the week ended Oct. 18, while another major export terminal prepared to resume operations after a lengthy outage. Those Continue Reading
Dozens of LNG-laden ships queue off Europe’s coasts unable to unload
Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they Continue Reading
Canada would back ‘economically viable’ new LNG terminals -finmin
Canada will look at supporting more liquefied natural gas (LNG) terminals as long as they are economically feasible because they are needed to keep the world from burning coal Continue Reading
LNG Market Facing Its Most Violent Year Yet
There are still winter risks ahead. The LNG market is facing its most violent year yet, and there are still winter risks ahead. That’s what BofA Global Research stated in Continue Reading
Experts: U.S. LNG Growth Could Slow Next Year
While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experience limitations, Natural Gas Intelligence Continue Reading
Global LNG floating storage hits record high on steep contango ahead of winter
Nov-Jan contango for JKM benchmark as wide as $7/MMBtu Charterers have been taking up tonnage since mid-2022 Storage demand drives up spot LNG freight rates to record highs The number Continue Reading
Why The U.S. Will Not Ban LNG Exports
The White House intends to keep LNG exports to Europe flowing through winter. American LNG has been crucial in meeting demand in Europe, which is scrambling for gas supply and Continue Reading
More U.S. LNG heads to Europe despite output constraints
U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of Continue Reading
China Is Rerouting U.S. Liquefied Natural Gas to Europe at a Big Profit
China’s ENN is expected to make a profit of between $110 million and $130 million on a single liquified natural gas shipment to Europe. SINGAPORE—The economic slowdown in China, a Continue Reading
Global demand drives plans for liquefaction, export of US gas from Mexico
Highlights Several projects being considered Supply access, infrastructure are challenges LNG liquefaction developers see a role for Mexico in supplying global markets with LNG derived from US natural gas imported Continue Reading
US gas supporting long, challenging climb of Atlantic Coast LNG developments
Chesapeake monitoring LNG projects in mid-Atlantic US LNG exports forecast at 22 Bcf/d by 2027 US natural gas producers are keeping a close watch over efforts to launch new LNG Continue Reading
LNG Exporters Face Risk Of Stranded Assets Despite Current Demand Boom
Short term gas demand growth has made near-term economics of LNG projects very favorable. European countries are rushing to deploy floating LNG import vessels this autumn. LNG exporters that came Continue Reading
Geopolitical risk, inflation create uncertainty for US LNG developers
Geopolitical risk, inflation and banks’ focus on environmental criteria are creating headwinds to developing more natural gas liquefaction capacity at LNG terminals in the US, although commercial support for new Continue Reading
Russia Poised to Ship First Cargo From New LNG Plant to Greece
Russia will send the first shipment from its newest liquefied natural gas terminal to Greece, a surprise destination as Europe tries to reduce its dependency on Moscow for energy supplies. Continue Reading
LNG Could Be “Really, Really Tight” This Winter: Cheniere
Limited global LNG supplies could be “really, really tight this winter, Cheniere Energy’s executive vice president for worldwide trading told Reuters on Thursday. Cheniere, the largest LNG exporter in the Continue Reading
Global scramble for LNG tankers likely to boost gas prices further
A lack of adequate natural-gas tankers due to surging demand for the fuel particularly from Europe in the wake of a power crunch and limited supplies is set to spur Continue Reading
Europe plan for floating gas terminals raises climate fears
As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would Continue Reading
Europe Rushing to Install New LNG Import Facilities
Countries across Europe are rushing to install new LNG import facilities as quickly as possible. That’s what Matteo Illardo, Europe analyst for RANE risk intelligence, told Rigzone, adding that most Continue Reading
Bidding War Between Asia and EU on Who Gets Most USA LNG
There’s basically a bidding war now between Asia and Europe on who gets the most U.S. LNG, according to RANE. There’s basically a bidding war now between Asia and Europe Continue Reading
Germany touts possible ‘major role’ for Canadian LNG in shift away from Russia
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the Continue Reading
The World’s Biggest LNG Exporter Has A Pipeline Problem
The energy crisis in Europe has helped the United States position itself as the world’s largest LNG exporter. The United States, as the world’s biggest LNG exporter, also has the Continue Reading
France Prefers LNG Terminals To New Gas Pipeline
New LNG terminals in northern and eastern Europe would be a better option to alleviate the European gas crisis than a new natural gas pipeline from Spain to France, the Continue Reading
Italy to fast track permit for new regasification vessel
Italy will fast track the permitting process to set up a new regasification vessel aimed at expanding the country’s capacity to import liquefied natural gas (LNG) in an effort to Continue Reading
Gas-Starved Europe Is About to Get a Pair of Floating LNG Units –
At least two floating liquefied natural gas terminals are heading for Europe in the next several months as the region clamors to replace supplies cut off after Russia’s invasion of Continue Reading
Freeport LNG Retracts Force Majeure, Leaving Buyers On The Hook For $8 Billion
The largest gas exporter in the United States, Freeport LNG, has retracted its force majeure, according to anonymous sources who shared the information with Reuters, leaving traders to source product Continue Reading
Europe’s dash for new LNG import infrastructure picks up pace
Germany decides on locations for five FSRUs Netherlands expects first FSRUs to start in 2022 Europe to face Asian competition for cargoes The scramble by countries across Europe to install Continue Reading
Freeport LNG reaches agreement with US on corrective actions following June fire
Operator sticks to early October target for partial restart Shutdown of 15 million mt/year export facility impacting market Freeport LNG has reached an agreement with US regulators on certain corrective Continue Reading
Australia considers curbing gas exports to avert domestic supply crunch
Decision in October on whether to restrict exports – minister East coast shortfall could equal 10% of demand – watchdog Supply gap equivalent to 14 LNG spot cargoes Government extends Continue Reading
U.S. becomes top LNG exporter in first half of 2022 – EIA
The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country Continue Reading
Can The U.S. LNG Industry Live Up To Expectations?
Natural gas exports from the United States have soared since Russia invaded Ukraine and Europe began to look for natural gas elsewhere. While the U.S. has now become the largest Continue Reading
Analysis: U.S. LNG exports to Europe on track to surpass Biden promise
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his Continue Reading
Russian Gas Supply Uncertainty Sends Asia LNG Prices Surging
Asian natural gas prices are rallying on fears that Russia will slash supply again and worsen a global fuel shortage. The North Asia liquefied natural gas benchmark jumped 12% Friday, Continue Reading
Freeport LNG plant pulls in natgas to produce power for Texas
Freeport LNG said on Thursday it was pulling in small amounts of pipeline natural gas at its shuttered liquefied natural gas (LNG) export plant in Texas to fuel a power Continue Reading
The Companies Taking Advantage Of America’s LNG Boom
While oil pipeline capacity in the U.S. currently exceeds production, the country’s booming LNG and natural gas markets mean demand for infrastructure is soaring. The United States is projected to Continue Reading
Long Term LNG Contracts Are The Future For Natural Gas Markets
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. In the not-so-distant past, the natural gas spot market was one Continue Reading
Soaring U.S. Production Can’t Keep LNG Prices In Check
Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday’s session, good for a nearly 70% climb in the year-to-date. The natural gas rally has come mainly thanks Continue Reading
What Is Keeping America From Realizing Its LNG Potential?
U.S. liquefied natural gas has become an increasingly important part of the global energy mix since Russia invaded Ukraine. In June, the European Union imported more LNG from the United Continue Reading
Europe’s Insatiable Thirst For LNG Is Causing Blackouts In Developing Countries
Driven by fears that Russia may cut supply to Europe, the EU imported more LNG from the U.S. than pipeline gas from Russia for the first time ever. This insatiable Continue Reading
Top U.S. LNG producer Cheniere asks Biden admin to drop pollution rule
Cheniere Energy Inc (LNG.A) has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural Continue Reading
Europe Scoops Up LNG, Choking Off Power Supplies in Poorer Nations
The war in Ukraine is depriving far-away developing countries of electricity, as the world’s supply of liquefied natural gas used to produce power is swallowed up by European nations as Continue Reading
Gazprom Demands Rubles For LNG
Gazprom is proposing to extend the rubles-for-gas scheme to liquified natural gas (LNG), a senior executive said on Monday, days after Russia moved to take full control over the Sakhalin-2 Continue Reading
Asia spot prices jump amid stronger demand, concerns over Russia
Asian spot liquefied natural gas (LNG) prices continued to rise this week amid stronger demand on the back of a blistering heatwave in Japan and a return of competition with Continue Reading
U.S. regulator bars restart of Freeport LNG plant amid unsafe conditions
A U.S. pipeline safety regulator on Thursday said it found unsafe conditions at a Texas liquefied natural gas export facility and will not allow owner Freeport LNG to restart the Continue Reading
EU Imports More U.S. LNG Than Russian Pipeline Gas For The First Time Ever
For the first time in history, U.S. LNG overtakes Russian piped gas in EU. IEA: The drop in Russian supply calls for efforts to reduce EU demand to prepare for 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
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