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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the Continue Reading
In accordance with growing global demand for LNG, Freeport is developing a fourth natural gas liquefaction unit. Freeport LNG received the green light from the Federal Energy Regulatory Commission to Continue Reading
Cheniere Energy reported a higher first-quarter 2020 profit Thursday than in the year-ago period and said its full-year earnings were on track to come in at the lower end of Continue Reading
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas Continue Reading
A fifth tanker that loaded at a US liquefaction facility was said to be heading toward China on Wednesday, as tariff waivers appear to be encouraging more deliveries following a Continue Reading
Shipments of liquefied natural gas will decline from record levels as global economic growth weakens and energy consumers work through a glut, an industry group said. LNG imports surged 13% to Continue Reading
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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’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
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
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
