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
LNG Demand Is Soaring As Europe Races To Replace Russian Gas
Europe is driving global LNG demand as it rushes to replace Russian gas before winter. Europe has displaced Asia as the growth driver of LNG demand and is no longer Continue Reading
Historic price spikes lead to record LNG imports into Europe
Diversification in action amid pivot away from Russian pipelines Collapse in UK, French, Spanish front-month prices for May Highest-ever receipts for France, Spain, Netherlands Record-breaking price spikes in Europe’s wholesale Continue Reading
Japan, EU to cooperate to ensure LNG supply, reduce reliance on Russian energy
Japan and the EU agreed on May 12 to cooperate and help each other’s security of LNG supply, and work together to reduce Europe’s dependency on Russian energy supply by Continue Reading
Access to LNG terminals important for Ukraine to meet gas needs, transit operator says
Access to liquefied natural gas (LNG) terminals is important for Ukraine to help meet its energy needs, the head of Ukraine’s gas transit operator said on Monday. Sergiy Makogon, Director Continue Reading
LNG ship arrivals to Europe rises over 20% on month in April
Highlights 114 arrivals last month, compared to 94 in March Russia supply uncertainty prompts cargo deliveries The number of LNG ships arriving into Europe rose more than 20% in April Continue Reading
Germany Will Have First LNG Import Capacity By Year’s End
Germany has begun construction on its first LNG import terminal, and in the meantime, has rented four mobile floating tankers as it scrambles to rid itself of the need for Continue Reading
LNG Terminals In Europe Are Filling Up Fast
Europe’s LNG terminals are maxed out as the region continues to import record amounts of gas. Europe is likely to import even more LNG in the coming years to displace Continue Reading
U.S. Natural Gas Exports Growth Led By LNG
Since the U.S. began exporting more natural gas than it imports, natural gas exports both by pipeline and as LNG have grown significantly. Since the United States began exporting more Continue Reading
Long-Term Gas Deals Become Pricey as World Moves to Quit Russia
Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort to cut Russian imports is expected to keep the market Continue Reading
U.S. To Become World’s Top LNG Exporter This Year
Five years after the United States became a net exporter of natural gas on an annual basis , the country’s natural gas exports both by pipeline and as liquefied natural Continue Reading
The Problem With America’s LNG Boom
Europe is desperate to replace Russian gas, which has driven the U.S. to export as much LNG as it possibly can. 12 new LNG projects in the U.S. have already Continue Reading
Analysis: Biden plan to aid Europe with LNG poses risk to US climate goals
U.S. President Joe Biden’s plan to expand liquefied natural gas (LNG) shipments to Europe to cut the region’s dependence on Russian fuel risks undermining his administration’s climate goals by encouraging Continue Reading
U.S. Natural Gas Prices To Spike As Exports Boom
Europe is determined to wean itself off Russian natural gas following Putin’s decision to invade Ukraine, and U.S. LNG is one of the major alternatives. Biden has already committed to Continue Reading
OGE plans pipeline link for Wilhelmshaven LNG terminal
Germany’s biggest pipeline network operator Open Grid Europe (OGE) plans to build a 30km liquefied natural gas (LNG) link from a planned terminal at the North Sea port of Wilhelmshaven Continue Reading
South Central gas storage build at risk as Gulf Coast LNG export demand grows
Storage hits season-low at 153 Bcf deficit to average Gulf Coast LNG feedgas demand up 2 Bcf/d vs. 2021 Salt dome drawdown possibly extended this season As gas storage levels Continue Reading
Asian LNG Demand Takes a Hit As Europe Pushes Up Prices
Asia is the world’s largest LNG market, but demand growth in the region is slowing as competition from Europe for cargoes heats up. Europe’s determination to wean itself off Russian Continue Reading
Australia Hits Record Export Levels Amid Huge Gas Demand
There is a soaring demand for Australia’s gas resources, pushing exports to record levels and helping fund public services and infrastructure. A new report illustrates the soaring demand for Australia’s Continue Reading
LNG voyages could face significant impacts from new Panama Canal toll structure
Changes to be phased in starting in 2023, after comments Operator wants fees to reflect shifting market conditions A new fee structure proposed by the Panama Canal Authority April 1 Continue Reading
U.S. liquefied natural gas exports rise 16%, to new record
U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is Continue Reading
Europe Woos Qatar for an Alternative to Russian Gas
This tiny Persian Gulf kingdom is emerging as one of Europe’s best hopes for weaning itself off Russian natural gas, in another sign of how the war in Ukraine is Continue Reading
Biden seals LNG deal as EU grapples with energy crunch
The European Union and United States unveiled a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), as leaders of the European bloc meet to curb Continue Reading
U.S, EU strike LNG deal as Europe seeks to cut Russian gas
The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to European Union markets this year, as Europe seeks to wean itself off Continue Reading
EU seeks answers to energy supply crunch, U.S. LNG deal
EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer Continue Reading
EU leaders to agree to jointly buy gas, LNG this year – summit draft statement
Leaders from European Union countries will agree at a summit this week to jointly purchase gas, liquefied natural gas and hydrogen ahead of next winter, according to a draft of Continue Reading
Shell cleared to restart Prelude LNG output off Australia
Australia’s offshore petroleum watchdog has cleared the way for Shell (SHEL.L) to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia, after a power outage forced a Continue Reading
U.S. push to export LNG amid Ukraine crisis slowed by climate concerns, sources say
White House efforts to boost U.S. liquefied natural gas exports and cut Europe’s reliance on Russian gas after the invasion of Ukraine are proceeding slowly, because of concerns about the Continue Reading
Why Japan’s power sector depends so much on LNG
Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia’s oil and liquefied natural gas (LNG) after Moscow’s invasion of Continue Reading
Venture Global LNG begins construction of second US liquefaction terminal
Highlights 13 million mt/year of offtake deals secured for Plaquemines LNG Baker Hughes to assemble modular trains in Italy, ship to site Venture Global LNG has started construction of its Continue Reading
U.S. LNG exporters emerge as big winners of Europe natgas crisis
U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive month at Continue Reading
Global LNG demand growth shifts from Asia to Europe on Russia sanctions
Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel amid the Continue Reading
Northwest Europe delivered LNG price posts record daily gain of 29%
Highlights The jump beats the December increase on a percentage basis Discussions over additional US supplies accelerate The Northwest Europe delivered LNG price surged 29% Feb. 24, posting it’s the Continue Reading
China’s trucked LNG price hits record high, Central Asian gas supply shrinks
Prices hit $25/MMBtu in some regions Central Asian gas supply to China cut over 10%: sources Post-Lunar New Year demand yet to fully recover China’s trucked LNG prices hit a Continue Reading
Russia will continue uninterrupted supplies of gas, LNG to global markets: Putin
Putin speaks after the escalation of Ukraine conflict Gas prices retreat on potential Russia-US summit Russia intends to continue uninterrupted supplies of gas and LNG to global markets, President Vladimir Continue Reading
Shell warns of ‘incredibly’ tight gas market, but ready to supply more LNG to Europe
Warns of more volatility if Russia hit by sanctions Calls on Europe to be ‘proactive’ on supply security LNG cargoes likely to continue to come to Europe Shell is prepared Continue Reading
LNG trade grew 6% in 2021 amid gas price volatility, says Shell
Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the COVID-19 pandemic, Shell Continue Reading
Shell calls for more LNG supply-side investment on looming demand gap
LNG trade rose 6% to 380 mil mt in 2021 China now world’s largest LNG importer US set to become world’s biggest exporter in 2022 Shell on Feb. 21 called Continue Reading
Europe Is Running Out Of Space For LNG
Due to high demand and fears that Russia might turn off its gas supply to Europe, the continent has been importing huge amounts of LNG. Now, Europe is fast running Continue Reading
IHS Markit: LNG Can Replace Ukraine Gas Flows To Europe
If the natural gas flows from Russia via Ukraine were to stop in an escalation of the Russia-Ukraine crisis, LNG imports would be enough to replace the flows to Europe Continue Reading
EC ups ante over Russian gas, eyes new partnerships on LNG supplies
Von der Leyen hits out at ‘strange’ Gazprom behavior Russia has ‘one-dimensional’ economy focused on fossil fuels Creates energy security partnership with US The European Commission has intensified its criticism Continue Reading
About 12 Asia-bound US LPG cargoes loading February-March canceled on shut arbitrage
Panama Canal transit delays also a factor in cancellations Sources hopes arbitrage reopens as Asia prices recover, freight weakens Some expect cancellations to slow only after March loadings Up to Continue Reading
The Global Gas Crisis Has Made American LNG Hot Again
High natural gas prices globally, the historically low storage levels in Europe, and the growing gas demand in Asia could incentivize more long-term U.S. LNG contracts. The role of gas Continue Reading
Norway LNG plant restart faces new delay in blow to Europe’s gas supply
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor (EQNR.OL) said on Monday, delivering a fresh blow to hopes of securing Continue Reading
Global gas rally to kickstart long-stalled U.S. LNG projects
High global natural gas prices are breaking a two-year logjam of new U.S. liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply Continue Reading
Return of Panama Canal extended wait times hits LNG market, freight economics
Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to Continue Reading
Australia Ready To Ship LNG To Europe Amid Russia-Ukraine Crisis
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
Explainer: Why U.S. natural gas prices spiked by a record 70% on Thursday
U.S. natural gas futures soared over 70% during the last half hour of trade on Thursday and closed up 46% in their highest daily percentage gains on record. The move Continue Reading
U.S. Admits Finding Non-Russian Gas For Europe Is A Challenge
The White House is dealing with logistical challenges in its efforts to secure alternative natural gas supply to Europe if Russian supply is interrupted in case Russia invades Ukraine, Press Continue Reading
Colder weather, LNG import push reset outlook for New England winter gas prices
Low temperatures in Boston dip to the single digits F Northeast res-comm demand outpaces 5-year average Boston cash prices top $26, pulling balmo contract up The arrival of frigid weather Continue Reading