Australia’s offshore petroleum watchdog has cleared the way for Shell (SHEL.L) to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia, after a power outage forced a Continue Reading
White House efforts to boost U.S. liquefied natural gas exports and cut Europe’s reliance on Russian gas after the invasion of Ukraine are proceeding slowly, because of concerns about the Continue Reading
Resource-poor Japan depends overwhelmingly on fossil-fuel imports to meet its energy needs, complicating calls for the nation to boycott Russia’s oil and liquefied natural gas (LNG) after Moscow’s invasion of Continue Reading
Highlights 13 million mt/year of offtake deals secured for Plaquemines LNG Baker Hughes to assemble modular trains in Italy, ship to site Venture Global LNG has started construction of its Continue Reading
U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive month at Continue Reading
Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel amid the Continue Reading
Highlights The jump beats the December increase on a percentage basis Discussions over additional US supplies accelerate The Northwest Europe delivered LNG price surged 29% Feb. 24, posting it’s the Continue Reading
Prices hit $25/MMBtu in some regions Central Asian gas supply to China cut over 10%: sources Post-Lunar New Year demand yet to fully recover China’s trucked LNG prices hit a Continue Reading
Putin speaks after the escalation of Ukraine conflict Gas prices retreat on potential Russia-US summit Russia intends to continue uninterrupted supplies of gas and LNG to global markets, President Vladimir Continue Reading
Warns of more volatility if Russia hit by sanctions Calls on Europe to be ‘proactive’ on supply security LNG cargoes likely to continue to come to Europe Shell is prepared Continue Reading
Global trade in liquefied natural gas (LNG) in 2021 grew 6% year on year to 380 million tonnes as economies recovered from the economic impact of the COVID-19 pandemic, Shell Continue Reading
LNG trade rose 6% to 380 mil mt in 2021 China now world’s largest LNG importer US set to become world’s biggest exporter in 2022 Shell on Feb. 21 called Continue Reading
Due to high demand and fears that Russia might turn off its gas supply to Europe, the continent has been importing huge amounts of LNG. Now, Europe is fast running Continue Reading
If the natural gas flows from Russia via Ukraine were to stop in an escalation of the Russia-Ukraine crisis, LNG imports would be enough to replace the flows to Europe Continue Reading
Von der Leyen hits out at ‘strange’ Gazprom behavior Russia has ‘one-dimensional’ economy focused on fossil fuels Creates energy security partnership with US The European Commission has intensified its criticism Continue Reading
Panama Canal transit delays also a factor in cancellations Sources hopes arbitrage reopens as Asia prices recover, freight weakens Some expect cancellations to slow only after March loadings Up to Continue Reading
High natural gas prices globally, the historically low storage levels in Europe, and the growing gas demand in Asia could incentivize more long-term U.S. LNG contracts. The role of gas Continue Reading
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor (EQNR.OL) said on Monday, delivering a fresh blow to hopes of securing Continue Reading
High global natural gas prices are breaking a two-year logjam of new U.S. liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply Continue Reading
Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to Continue Reading
One of the world’s top liquefied natural gas exporters, Australia, says it is ready to ship LNG cargoes to Europe to “support its friends and allies,” as the U.S. is Continue Reading
U.S. natural gas futures soared over 70% during the last half hour of trade on Thursday and closed up 46% in their highest daily percentage gains on record. The move Continue Reading
The White House is dealing with logistical challenges in its efforts to secure alternative natural gas supply to Europe if Russian supply is interrupted in case Russia invades Ukraine, Press Continue Reading
Low temperatures in Boston dip to the single digits F Northeast res-comm demand outpaces 5-year average Boston cash prices top $26, pulling balmo contract up The arrival of frigid weather Continue Reading
Highlights Interbasin spreads helped shift trade flows January sees Asia buying appetite pick up LNG transits via the Panama Canal plunged 30% in December as Pacific-bound cargoes diverted to the Continue Reading
The United States became the world’s largest exporter of liquefied natural gas in December as deliveries of the superchilled fuel to energy-starved Europe surged. According to Bloomberg calculations , the Continue Reading
A third Caribbean liquefied natural gas cargo is headed for Boston, where two other await colder weather before unloading in an unprecedented bet on price spikes this winter. GasLog Partners Continue Reading
A proposed liquefied natural gas terminal in Germany is at the risk of never being built, with several headwinds having already prompted one of three backers to write down its Continue Reading
US Gulf Coast FOB daily export cargo values nosedived to below $30/MMBtu during the week of Dec. 22-29, right after rising to the highest level on record, as they continued Continue Reading
The number of U.S. natural gas cargoes heading for European ports jumped by one-third over the weekend as the continent shivers amid a deepening energy crisis. There were 20 tankers Continue Reading
At least 30 tankers with liquefied natural gas from the United States are headed to Europe Ten LNG tankers from the U.S. have already declared Europe as their destination while Continue Reading
A breakneck rally in European natural gas prices continued Tuesday, catapulting the benchmark to a new record high with premiums above Asia and the U.S. and creating massive arbitrage opportunities Continue Reading
Ships carrying liquefied natural gas destined for Asia are changing tack midvoyage to supply European consumers willing to pay a large premium, as prices across the region surge to new Continue Reading
US LNG feedgas demand hit a new record high at 12.55 Bcf/d on Dec. 17, based on morning nominations, as the export value of Gulf Coast FOB cargoes surged amid Continue Reading
Highlights Triggers for recent price shock to also feature longer term Weather, LNG supply key winter factors for European gas market Demand increasingly ‘unpredictable’ due to climate change The current Continue Reading
UK LNG regasification rates came close to moving into three figures Dec. 10 as UK gas demand has continued above seasonal norms on the back of cold temperatures as well Continue Reading
Calcasieu Pass has 18 liquefaction trains with a combined peak capacity of 1.6 bcfd. US liquefied natural gas (LNG) export capacity has grown rapidly since the Lower 48 states first Continue Reading
US LNG feedgas surged during the week of Nov. 30-Dec. 7 as a sixth train at Cheniere Energy’s Sabine Pass terminal ramped up production and Venture Global LNG’s Calcasieu Pass Continue Reading
Asia liquefied natural gas (LNG) prices fell this week as spot demand from China remained muted despite the start of winter and as natural gas supplies from Russia continued to Continue Reading
Asia’s LNG demand has been growing by a whopping 21 Mt this year Asia will need a lot of natural gas and LNG in the coming decades to reduce emissions Continue Reading
Cheniere Energy Partners produced the first LNG at the sixth liquefaction train at the Sabine Pass terminal in Cameron Parish, Louisiana, one year ahead of the train’s previous completion schedule, Continue Reading
Asia is stocking up on LNG inventory to avoid a repeat of last winter’s supply shortage. Surging demand for LNG and increased shipments of U.S. gas to Asia are sending Continue Reading
Asia liquefied natural gas (LNG) prices rose this week following three weeks of decline as demand increased in China after a sharp drop in temperature, while market players eyed Russian Continue Reading
Louisiana has the highest LNG output of any state in the United States. Louisiana’s governor is struggling to find a balance between its economically-dependent LNG output and climate ambitions. Environmentalists Continue Reading
US LNG feedgas demand hit the highest level in more than six months on Oct. 29 at 11.8 Bcf/d, translating to near 100% liquefaction terminal utilization amid commissioning of a Continue Reading
The recent energy crunch in Europe and Asia has reemphasized the importance of natural gas and LNG LNG producers around the world are investing billions in increasing capacity follower the Continue Reading
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc (LNG.A) said on Monday that its marketing arm will sell LNG to a unit of Glencore PLC (GLEN.L) , moving Cheniere’s Continue Reading
Energy security and emissions reduction targets, especially in China, are prompting more buyers to seek long-term contracts The sellers, for their part, now ask for higher prices in the discussions Continue Reading
Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the Continue Reading
Most American gas has been going to Asia, where buyers have been more generous with prices. U.S. LNG has never been particularly competitive in most of Europe because of the Continue Reading
