The LNG Market Is “Imploding”
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
Race to China is on as fifth tanker carrying US LNG cargo said to be en route
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
After a Record Year, LNG Industry Heads for Slump in Deliveries
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
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