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 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 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
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
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
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
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
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 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 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
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 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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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 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
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
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
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
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 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 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
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
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
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 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
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
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
