Oil Majors Win Big As LNG Prices Soar
Shell turned the lights back on at its Prelude offshore LNG facility just as Asia was being frozen by a cold spell that sent prices for liquefied natural gas sky-high. Continue Reading
LNG Benchmark Tops $30
A shortage of LNG tankers has also boosted charter rates to a record high. (Bloomberg) — North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units Continue Reading
Three US LNG facilities see lower utilization as historic Asian price surge continues
Kinder Morgan’s Elba Liquefaction is working on scheduling repairs to a unit at the 10-train facility in the US state of Georgia that has been offline since a fire eight Continue Reading
LNG Faces Tough Winter In Europe
Making bold assertive statements is never a prudent strategy for any analyst, regardless of the topic to be examined. Risking the peril of not seeing the sudden twist behind the Continue Reading
Energy and Natural Gas Outlook: LNG Headed for Rebound After Pandemic Demand Dip
Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings. Colder weather in key importing nations, outages at Continue Reading
LNG price rise improves US export prospects
A sharp rise in global prices for natural gas is proving a relief for companies seeking to export more of the fuel from the US, after a year of setbacks Continue Reading
US liquefaction terminal utilization jumps as Asian spot prices rise to 2014 level
US LNG feedgas demand surged Dec. 28 to near a record set two weeks earlier as spot prices for deliveries to Northeast Asia, the world’s biggest import market, rose to Continue Reading
U.S. liquefied natural gas exports set a record in November
During the summer of 2020 , monthly exports of liquefied natural gas (LNG) from the United States were the lowest in 26 months but have since increased, and in November, Continue Reading
An Under-The-Radar Opportunity In LNG
Natural gas production and liquefied natural gas (LNG) exports, including in the United States, could get a boost from a relatively new and not-so-self-evident revenue stream—the global shipping industry. Driven Continue Reading
US liquefaction terminals hit new utilization high as Asian prices top $12/MMBtu
US LNG feedgas demand hit a new record near 11.6 Bcf/d as Asian import prices continued to soar, S&P Global Platts Analytics data show. Receive daily email alerts, subscriber notes Continue Reading
Bombshell Report Pours Cold Water On Global LNG Outlook
When the European Union tied its pandemic relief plan to renewable energy generation and emissions reduction targets, analysts sounded an alarm for LNG as the production of the superchilled fuel Continue Reading
Department Of Energy Extends LNG Export Terms
The U.S. Department of Energy has extended the export terms for seven LNG license until 2050 for projects currently under construction or pending the start of construction. The extensions include Continue Reading
ANALYSIS: Surging LNG export demand, lower Permian production lift South Texas cash basis
Basis prices at South Texas natural gas hubs are at significant premiums to year-ago levels this month as strong exports and lower production tighten the supply-demand balance in the Lone Continue Reading
Russia’s Novatek completes trial delivery to China of LNG in ISO containers
Russia’s Novatek has completed its first trial delivery of LNG shipped in ISO containers to Shanghai, China, it said Dec. 1, as it eyes the use of ISO containers for Continue Reading
Global LNG supplies seen gradually tightening on FID delays: industry officials
Global LNG supply is expected to turn tight gradually in the next five years due to the delay of final investment decisions on many LNG projects, which would ultimately lift Continue Reading
Asian market prices push US LNG feedgas demand to new record above 10 Bcf/d
US LNG feedgas demand has topped 10 Bcf/d for the first time as exports surge amid robust Asian end-user prices. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Gas Shippers Seek Profit From ‘Carbon-Neutral’ Fuel
Seeking to blunt concerns about the damage natural gas does to the environment, some of the world’s largest shippers of the fuel are selling “carbon-neutral” cargoes that include a form Continue Reading
$7B LNG Import Deal Put on Hold
One of France’s biggest energy companies has delayed a decision on a $7 billion deal to import LNG from the US. (Bloomberg) — One of France’s biggest energy companies has Continue Reading
Carbon-neutral LNG ambition requires industry-wide methodology: Flame
Ensuring LNG buyers can be confident that carbon neutrality in LNG supply means the same across the industry, an independent body should be established to develop industry-specific methodologies, speakers at Continue Reading
Russian LNG Gets A Climate Change Boost
Russia’s Novatek said last week it planned to triple current liquefied natural gas production rates to as much as 70 million tons annually by 2030. That’s despite the current glut Continue Reading
U.S. LNG Exporters Are Adding Capacity Despite A Plunge In Demand
In a world awash in LNG, any news about more production capacity sounds illogical. Nevertheless, this is what U.S. energy companies are doing: they are boosting their production and export Continue Reading
US LNG activity rebound pushes terminal feedgas deliveries to almost 5 Bcf/d
Gas deliveries to US liquefaction terminals rose to the highest level in two and a half months Aug. 20 at almost 5 Bcf/d amid improving prices in end-user markets and Continue Reading
Is This The Next Major Market For Russian LNG?
Russia’s ambitious LNG plans have so far based on two producing assets – the Gazprom-operated Sakhalin LNG and the NOVATEK-operated Yamal LNG. The addition of Yamal LNG into its portfolio Continue Reading
LNG Train Starts Up on Gulf Coast
McDermott International Ltd. reported Monday that Train 3 at Cameron LNG has begun commercial operation. Sempra LNG, Total S.E. Mitsui & Co., Ltd. and Japan LNG Investment LLC jointly own Continue Reading
LNG and Energy: Global Gas Exports Drop for Third Month as Virus Cuts Demand – Bloomberg
The liquefied natural gas market contracted a third month in July as countries continue to struggle with the economic fallout from the coronavirus pandemic. Global exports of the fuel last month Continue Reading
Asian LNG Prices Are Way To Low For U.S. Exporters
A massive wave of investment has poured into LNG export terminals around the world in recent years, and nearly all of the projects have China at the center of their Continue Reading
LNG Industry Could Bring 100,000 Jobs To Canada
A new report by the Conference Board of Canada , and funded by the Canadian LNG Alliance, determined that a 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 Continue Reading
Ukraine Opposes U.S. LNG Pricing Formula
Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for U.S. liquefied natural gas (LNG) it could receive under a long-term contract, while there isn’t enough infrastructure Continue Reading
Russia’s Novatek ships first LNG cargo to Japan eastbound via Northern Sea Route
Russian LNG producer Novatek said July 24 it had shipped its first cargo from the Yamal LNG project to Japan eastbound via the Northern Sea Route, giving the company scope Continue Reading
Weak Demand Forces Buyers To Cancel U.S. LNG Cargoes
Depressed global demand for liquefied natural gas (LNG) continues to drive buyers of U.S. LNG to cancel cargoes for loadings in September, sources in the industry told Reuters on Tuesday. Continue Reading
LNG Markets May Not Recover Until 2021
The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020, according to a new report. The LNG Continue Reading
Russia Aims For 15% Of Global LNG Market By 2025
Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote Continue Reading
Russian Oligarchs At War Over LNG
While Shell’s ~$17-billion Australian LNG project, Prelude, hasn’t produced since February after shipping its first product in June 2019 and no one knows when it will be restored due to Continue Reading
US LNG feedgas rebounds amid dim prospects for larger gains before September
US LNG feedgas demand is rebounding from a 14-month low in late June. While additional cargo cancellations already announced for July and August are likely to keep the pressure on Continue Reading
U.S. LNG Industry Needs Prices To Double
Last week, Tellurian said it would make the final investment decision on the Driftwood LNG project next year. On the one hand, the news is good: Tellurian had stopped making Continue Reading
U.S. LNG Exports Crash By More Than 50%
Historically low natural gas prices have caused U.S. LNG exports to crash by more than 50 percent since January. The U.S. has now become the world’s swing producer of LNG, Continue Reading
Near-term outlook said to dim for further North American LNG export development
Demand, supply chain and capital budget shocks from the coronavirus pandemic make it unlikely any more North American LNG export projects will secure financing for construction in the next five Continue Reading
US natural gas volumes in storage likely increases by more than 100 Bcf: survey
LNG feedgas demand drops to year-to-date low Southeast production rises following Cristobal US natural gas inventories likely increased by approximately 50% more than the five-year average last week as gas-fired Continue Reading
Freeport LNG delays target for sanctioning fourth liquefaction train until at least 2021
Freeport LNG has delayed its target for making a final investment decision on whether to build fourth liquefaction at its Texas export facility until at least next year, amid market Continue Reading
US LNG feedgas drop may mean higher than reported June cargo cancellations
Depressed global demand and low prices to blame Outlook suggests summer trend could spread to fall The biggest US LNG export terminal saw its lowest utilization in 16 months as Continue Reading
Cancelled US LNG cargoes a ‘wake-up call’ for industry: Total
The cancellation of dozens of US LNG cargoes this summer is a “wake-up call” for the industry that new LNG projects will not automatically be profitable, a senior official at Continue Reading
US-China tensions cast shadow over bilateral LNG trade
Highlights US-China LNG flows already constrained by weak markets Chinese buyers unsure about applying for LNG tariff exemptions China not on track to meet energy targets of Phase 1 trade Continue Reading
Global LNG Markets Crushed By Global Pandemic
It may come as a shock to some, but crude oil wasn’t the worst-performing energy commodity in May. Judging by the headline space devoted to it, one would naturally assume Continue Reading
Pandemic-fueled summer blues set in at US Gulf Coast LNG export facilities
Weak LNG prices and unfavorable economics for deliveries to Asia and Europe suggest US export volumes will remain depressed through much if not all of the summer and perhaps beyond. Continue Reading
Utilization at US liquefaction terminals plunges amid wave of cargo cancellations
Total feedgas at loiwest level since August 2019 Global demand languishing below available supply Feedgas deliveries to the six major US LNG export terminals plunged June 1 to their lowest Continue Reading
Natural Gas Is Losing Its Shine for Ship Operators
Some gas projects are now being put on hold on the back of record low prices and brimming storage facilities, and some operators are pushing back orders for the new Continue Reading
Europe’s Gas Glut Could Hit Global LNG Market Hard
Unquestionably the current global health situation is going to cause a severe economic crisis not seen since the Great Depression. This is already apparent in the dramatic decrease in demand Continue Reading
Ukrainian Government Greenlights U.S. LNG Imports
The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters Continue Reading
NextDecade’s Rio Grande LNG Terminal Facing Market Hurdles
Current conditions may adversely affect efforts to reach a final investment decision. The outbreak of COVID-19 and volatility in the energy markets have surfaced an additional risk factor for NextDecade Continue Reading
Natural Gas Exports Slow as Pandemic Reduces Global Demand
A few months ago, Israel and some Arab countries were laying the groundwork for an energy partnership that held the potential for economic cooperation between once-hostile neighbors. Israel started selling Continue Reading