North American LNG sector under coronavirus stress
US spot gas prices plunge to multi-year lows; the Henry Hub cash price tumbles 16.10 cents Wednesday morning to $1.654/MMBtu, the lowest price since March 9, 2016, when Henry Hub Continue Reading
Giant LNG Projects Face Coronavirus Death Or Delay
Plummeting oil prices have been the focus of attention ever since Saudi Arabia and Russia fired the first shots in what analysts see as a potentially devastating oil price war. Continue Reading
Slowdown in construction of new North American liquefaction supply expected amid outbreak
North American liquefaction terminals currently being built may see reduced construction activity for an indefinite period due to health officials’ recommendation to avoid assembling large groups of people to guard Continue Reading
Buyer Cancels LNG Cargoes From Cheniere
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to Continue Reading
Shell Sees LNG Market Returning To Balance By 2021
The supply growth of liquefied natural gas (LNG) on the global market is set to slow down later this year and in 2021 when the last of the new projects Continue Reading
Shell sees continued lower Chinese LNG demand into March on coronavirus
Shell expects Chinese LNG demand to remain lower than expected into March due to the ongoing coronavirus outbreak in the country, senior company officials said Thursday. Receive daily email alerts, Continue Reading
European Gas Prices Set To Slump
Earlier this month analysts sounded the alarm for European natural gas prices when it turned out that a lot of Asian buyers are turning down LNG cargoes and Europe is Continue Reading
The World’s Top LNG Producer Is In Trouble
Global LNG markets are struggling with a glut of unprecedented levels. International expansion in Australia, Qatar, Mozambique and Egypt, combined with a continuously strong US shale gas export drive, is Continue Reading
Sparking the transition: finding a home for new gas supply to 2025
With natural gas prices bumping down to record lows and supplies set to increase in the coming years, sellers of gas into Europe are keeping everything crossed that coal and Continue Reading
Can LNG Kill Oil?
Natural gas–the bridge fuel to our renewable future–is cleaner and cheaper than oil. If it’s the clearly green fuel and already widely used to generate power, why isn’t the whole Continue Reading
Shale Gas Swamps Asia, Pushing LNG Prices to Record Lows
Liquefied natural gas is fetching the lowest price on record in Asia, a troubling sign for U.S. energy producers who have relied on overseas shipments of shale gas to buoy Continue Reading
Regional LNG Finds Growing Demand off the Pipeline Grid
While massive world-scale LNG projects around the coast of North America have dominated headlines, smaller-scale regional LNG is also growing quickly. While massive world-scale liquefied natural gas (LNG) projects around Continue Reading
China LNG demand uncertainty grows as Beijing offers force majeure shield on virus outbreak
Uncertainty over China’s LNG demand has grown following China’s decision to offer force majeure certificates to domestic companies if they are unable to fulfill their international contractual obligations due to Continue Reading
Marcellus LNG Project to Monetize Stranded Gas
Edge LNG’s truck-based model produces LNG and delivers it to market. Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) reported Wednesday that it will capture and liquefy natural gas from Continue Reading
LNG Prices Fall To 10-Year Low
The global gas glut continues to grow worse, with LNG prices recently dropping to a 10-year low. LNG prices in Asia recently fell below $4/MMBtu, down 40 percent from a Continue Reading
ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel
The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is Continue Reading
Oil-linked LNG deals add to India’s discomfort as gas prices plunge
India is stepping up pressure on Qatar to re-negotiate term LNG deals and move away from oil-linked contracts as gas prices hit multi-year lows, but any flexibility in the future Continue Reading
Alaska pursuing LNG project approvals, still waiting on investors
Despite a world awash in liquefied natural gas, Alaska is still working on its $40 billion-plus Alaska LNG project, which if built could deliver 20 million mt/year of LNG to Continue Reading
The True Cost Of “Freedom Gas”
The reputation of natural gas as a clean fuel has been repeatedly undermined by unfavorable emissions data. But now, several new studies suggest that the problem could be even bigger Continue Reading
U.S. LNG Booms As Natural Gas Prices Crash
Despite the current oversupply and depressed natural gas prices all over the world, the global liquefied natural gas (LNG) market is set for further growth, at least into the middle Continue Reading
US liquefaction ramp-up spurs feedgas record topping 9 Bcf/d
Gas deliveries to US liquefaction facilities topped 9 Bcf/d for the first time over the holiday weekend and hit a new record Tuesday as exporters seemed unfazed by weak prices Continue Reading
Weakening LNG prices may sap seaborne coal demand in near-term: sources
Asian seaborne thermal coal traders voiced concerns over near-term demand as more utilities consider the feasibility of a coal-to-gas switching amid languishing LNG prices, sources told S&P Global Platts on Continue Reading
US gas exporters fight to survive supply glut
Multibillion dollar gas export projects that are central to the Trump administration’s push for “energy dominance” are locked in a battle for survival as prices fall and the market faces Continue Reading
Why U.S. LNG Can’t Win In Europe
When Washington imposed sanctions on companies, the move drew criticism not just from Russia but from Germany as well. The sanctions, targeting firms building the pipeline that will increase Gazprom’s Continue Reading
Australia Becomes Top LNG Exporter Despite Bushfire Crisis
Australia’s bushfire crisis has arrived to such a tragic and critical apex that the smoke from the climate change-fuelled fires has travelled nearly 10,000 miles to South America and may Continue Reading
Is Europe’s Latest Gas Deal A Win-Win?
The recent gas transit deal between Russia and Ukraine, and their national gas companies Gazprom and Naftogaz respectively, has comforted Europe just about when the first cold spells started to Continue Reading
Emerging US-Russia duopoly aids European, UK LNG import record
Intensifying competition between the United States and Russia is driving record-breaking LNG imports into Europe’s most liquid natural gas trading hubs, with the rivals accounting for more than half of Continue Reading
Port Arthur LNG Progresses with Aramco Deal
Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas. Saudi Aramco’s Aramco Services Co. unit has signed an interim Continue Reading
Analysis: China’s LNG-fueled VLCC could be big win for future natural gas demand
Chinese state-run company Cosco Shipping Energy Transportation’s recent order of an LNG-fueled VLCC is a significant development in the wider adoption of natural gas as a marine fuel, even though Continue Reading
Nigeria LNG moves ahead with $10B expansion; 30 Mtpa
The partners in Nigeria LNG (NLNG)—Nigeria National Petroleum Corporation (NNPC) (49%), Shell (25.6%), Total (15%) and Eni (10.4%)— have taken the final investment decision (FID) for the expansion project of Continue Reading
Nigeria’s LNG capacity to grow by 35% with Bonny plant expansion
Nigeria’s planned Train-7 project, part of its expansion at the Bonny LNG plant, has received a full investment decision, operator Nigeria LNG said Friday. The project, expected to start up Continue Reading
Is LNG Actually The Future Of Energy?
Drillers and investors who are getting pummeled in the threadbare LNG market might not be sold anymore on the idea that natural gas is the fuel of the future, but Continue Reading
LNG poised to capture growing portion of global bunker fuel market
As shipping companies prepare to bring their fleets into compliance with IMO 2020, LNG is poised to capture a small but growing portion of the international bunker fuel market in Continue Reading
Shell and Energy Transfer Seek More Bids for Louisiana Project
The Lake Charles LNG project would convert Energy Transfer’s existing import and regasification terminal into an LNG export facility. Shell US LNG, LLC and Energy Transfer LP have issued a Continue Reading
Start of feedgas flow to Cameron LNG Train 2 bolsters US ramp-up at export facilities
Cameron LNG was flowing feed gas to its second liquefaction train Monday as deliveries to US export terminals remained near a record level with the market in contango and with Continue Reading
Headwinds Loom for LNG Consumption
New pipeline capacity and restored nuclear power generation will temper LNG market growth. The United States’ ascent to the top tier of global natural gas producers, and its more recent Continue Reading
Volkswagen first to use LNG for overseas car freighters from January 2020; MAN dual-fuel engines
Volkswagen Group Logistics is the first to use two car freighters powered by liquefied natural gas (LNG) in overseas traffic. The two charter ships of Siem Car Carriers were launched Continue Reading
Rick Perry Praises The Benefits Of U.S. LNG
The LNG boom in the United States is helping households pay less for electricity, Energy Secretary Rick Perry told Fox News. “We’re driving down the cost of electricity in most Continue Reading
The U.S. Sets Its Sights On LNG Domination
The United States will be the global leader in newly-built liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, data and analytics company GlobalData said in a new report. Continue Reading
Georgia LNG Terminal Adds Export Capability
The first unit of the Elba Liquefaction Project near Savannah, Ga., has reached the commercial in service stage. The first unit of the approximately $2 billion Elba Liquefaction Project near Continue Reading
US sanctions on Iran spill into Russian LNG, but Novatek shrugs off impact
he US government’s continued hardline stance on Iran has spilled over into the LNG sector, with Washington’s latest sanctions imposed against a Chinese shipper having a potential knock-on effect on Continue Reading
LNG Investments Hit Record In 2019
Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference. Continue Reading
IEA: U.S. Will Be The World’s Top LNG Exporter In 2024
The United States will surpass current market leaders Australia and Qatar to become the world’s biggest liquefied natural gas (LNG) exporter in 2024, a high-ranking official at the International Energy Continue Reading
LNG exports will keep floor under US natural gas prices: Moody’s
Growing exports of US LNG will help prop up domestic natural gas prices despite surging production that has created a years-long glut, according to a report from Moody’s. Analysts at Continue Reading
Are Asian LNG Prices About To Rally?
Some summer demand for August boosted the price of liquefied natural gas (LNG) in Asia at the end of June from three-year lows earlier in the month, providing an incentive Continue Reading
US May Become Third Largest Seller of LNG
US LNG has thus far reached over 30 nations. This year, the U.S. will surpass Malaysia to become the world’s third largest seller of LNG. The country could even eclipse Continue Reading
Protracted Trade War Inflicts Lasting Damage To U.S. LNG
There were early warnings: Chinese investors became reluctant about investing in U.S. LNG projects soon after President Trump fired the first shot in what has turned out in a full-fledged Continue Reading
The LNG Shipping Market Is Set For A Bull Run
Both demand and supply of liquefied natural gas (LNG) are expected to grow in the foreseeable future as many emerging markets turn to cleaner-burning fuel in their energy mix and Continue Reading
Global LNG producers see cost risks looming over next wave of projects
Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, Continue Reading
NextEra-Backed Venture Trucks LNG to Northeast
A venture backed by NextEra Energy Inc. is trucking natural gas from the Marcellus Shale to New England, where pipeline bottlenecks have helped send prices for the fuel soaring in Continue Reading