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
Following a record month for physical LNG imports in April due to historic price spikes, monthly European receipts decreased in May as limitations in downstream transport pressured local hub prices, Continue Reading
An explosion at a major natural gas production facility in Texas could knock the plant off line for at least three weeks, company officials said Thursday, roiling global energy markets Continue Reading
A explosion and fire on Wednesday hit the massive Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, prompting an evacuation of nearby beaches and sending U.S. natural Continue Reading
Ukraine in Talks to Purchase US LNG, Naftogaz CEO Says Europe has dethroned Asia as the biggest destination for US liquefied natural gas as the energy-starved region seeks to slash Continue Reading
Investors are suddenly recognizing the importance of energy security. Investors’ confidence in the US LNG sector has skyrocketed. Dealmaking in both upstream gas and utilities is increasing in 2022. Despite Continue Reading
A small orchard on the banks of the Elbe River in northern Germany, overgrown and circled by seagulls, holds the key to the country’s Russia-free energy future. The orchard, close Continue Reading
A resurgence in LNG contracting is expected to result in many more deals being signed in the coming months as LNG importers in Asia and Europe, portfolio players and trading Continue Reading
A resurgence in LNG contracting is expected to result in many more deals being signed in the coming months as LNG importers in Asia and Europe, portfolio players and trading Continue Reading
China’s imports of liquefied natural gas (LNG) are on track to post their first major decline this year, as high prices and weak manufacturing due to COVID-19 lockdowns crimp demand Continue Reading
Equinor’s Hammerfest LNG unit in Norway has been restarted after a September 2020 fire took it offline, the company reported on Friday. The unit is capable of producing 4.65 million Continue Reading
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 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
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
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 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 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
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 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
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
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
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
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
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
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
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
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
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
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
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
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 (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
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
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
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 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
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
