U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc has inked a 15-year, 1 million tonne per annum (mtpa) sales deal with Swiss commodity trader Trafigura, a sign of how Continue Reading
Source: U.S. Energy Information Administration, based on Thomson Reuters In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units Continue Reading
The freezing temperatures in most of the Eastern U.S. in the week to January 5 led to the biggest ever weekly withdrawal from natural gas storage, data by the U.S. Continue Reading
The effect is twofold: extreme cold is actually cutting production, while demand is surging because everyone is turning up the thermostat to stay warm. First the supply side. There are Continue Reading
Russia’s gas exports to Europe rose 8.1 per cent last year to a record level of 193.9bn cubic metres (bcm), despite rising competition and concerns about the country’s dominance of Continue Reading
The eastern Mediterranean is expected to witness the first conflict of 2018, as developments at the end of 2017 are signaling worsening relationships between Turkey and the Greek Cypriot-Greece-Israel-Egypt bloc. Continue Reading
Beijing’s crackdown on pollution has put China on track to overtake Japan this year as the world’s biggest importer of natural gas, used to replace dirtier coal. China – already Continue Reading
In early December, short bets on natural gas by money managers, hedge funds and other speculative investors outnumbered long ones—indicating investors were expecting natural-gas prices to drop further. Investors wagered Continue Reading
U.S. natural gas futures surged on Thursday after federal data showed a storage withdrawal in line with market expectations. Front-month gas futures NGc1 for February delivery on the New York Continue Reading
A glut of gas flowing out of the shale field has helped fuel a surge in power plant construction in the northeast. A glut of gas flowing out of U.S. Continue Reading
A glut of gas flowing out of the shale field has helped fuel a surge in power plant construction in the northeast. A glut of gas flowing out of U.S. Continue Reading
China will start getting natural gas directly from Russia through the Power of Siberia pipeline in less than two years, the chairman of Gazprom said. The board of directors at Continue Reading
Two and a half years ago, analysts asked when Italy’s Eni would be able to start producing gas from the giant Zohr field offshore Egypt. The overwhelming majority said this Continue Reading
The quick turnaround from discovery to production hasn’t gone unnoticed in the industry. It represents a seismic shift for Big Oil. The fact even senior managers privately described the plan Continue Reading
China’s imports of liquefied natural gas (LNG) jumped to a monthly record in November as residential and industrial demand surged in line with Beijing’s drive to promote use of gas Continue Reading
China National Offshore Oil Corp. (CNOOC) has rented a convoy of 100 trucks to transport LNG from its main receiving terminals in southern China to alleviate gas shortages in the Continue Reading
When an inspector from a local environmental protection bureau visited a small village in China’s Shandong province in October to check on a gasification project, she said village officials became Continue Reading
A final investment decision has been made to move forward with a 1.9 Bcf/d pipeline being jointly developed by Kinder Morgan, DCP Midstream and Targa Resources that would allow more Continue Reading
Despite the Asia-Pacific region’s strong potential demand, Latin America is becoming a steadily growing market for US LNG exports, speakers at a Washington conference indicated. “The trillion dollar question in Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Emotions are running high for natural gas traders after the fireworks of the past six weeks. I’m currently on the sidelines, and, while I’m long term bearish, nothing goes up Continue Reading
China National Petroleum Corporation (CNPC) is mulling the taking over of the majority stake in an Iranian gas project from Total if the French company walks out of Iran to Continue Reading
Its green credentials are not whiter than white, but relative to coal, modern combined cycle gas turbine power plants (CCGT) are highly efficient, emit low levels of pollution and crucially Continue Reading
It’s like the craziest week in European gas markets for as long as anyone can remember never happened. U.K. prices are almost back where they ended last week as a Continue Reading
We said two days ago that it’s been a tough week for anybody who needs to heat their home or put gasoline in their cars in Britain. The litany of Continue Reading
Sanctions created ‘deadlock’ for Yamal LNG, says Total Novatek plans new projects to challenge Qatar for scale Building the $27 billion Yamal liquefied natural gas project meant shipping more than Continue Reading
The International Energy Agency recently predicted that the United States could become the world’s top LNG exporter within ten years. This prediction, however, is far from a certain one. The Continue Reading
As I write this, Henry Hub (the primary confluence of pipelines in northern Louisiana at which the NYSE daily futures contract price is pegged) is off 11 cents to $2.79 Continue Reading
Vladimir Putin officially launched on Friday the Yamal LNG project in the Arctic—Russia’s second LNG plant and its push to challenge the dominance of Qatar and Australia, and the U.S. Continue Reading
Natural gas production in the United States has skyrocketed over the past five years, making the carbon-light fossil fuel cheaper to access and plentiful for export, according to a new Continue Reading
Pennsylvania natural gas production continues to be concentrated in counties in the northeastern and southwestern corners of the state, according to a report by the state’s Independent Fiscal Office. Four Continue Reading
French supermajor Total said Friday the first cargo of liquefied natural gas is leaving an Arctic facility in Russia, one of the largest in the world. The French company holds Continue Reading
The Yamal LNG plant on the Yamal Peninsula in the Arctic circle. The project took years to find financing from China that didn’t violate U.S. sanctions on Russia over Ukraine. Continue Reading
Russia’s Gazprom is set to exceed on Friday the level of exports to Europe and Turkey that was recorded in 2016 as demand for Russian natural ss and cold weather Continue Reading
Chinese state-owned company CNOOC, the country’s largest importer of liquefied natural gas (LNG), has leased two tankers to store emergency LNG supplies offshore, spending US$10 million on the plan, as Continue Reading
Natural Gas Monthly (data for October and November 2017 are EIA estimates based on tanker loads) In August 2017, total U.S. natural gas liquefaction capacity in the Lower 48 states Continue Reading
Liquefied natural gas is a way to extend influence over the horizon to Europe, though similar gains are possible for Latin America, a U.S. senator said. Polish Oil and Gas Continue Reading
This week in one of their daily Today In Energy columns, the Energy Information Administration highlighted the tremendous growth of natural gas production in the Appalachian Basin: Shale gas production in the Continue Reading
There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report. There will be an uptick in the number and Continue Reading
A Japanese company becomes the second possible Asian consumer to express interest in Alaskan LNG in less than a month. Map courtesy of Alaska Gasline Development Corp. Dec. 5 (UPI) Continue Reading
Russian energy company Novatek said a new era for one of the world’s largest gas suppliers has begun with the start of LNG operations on the Yamal Peninsula. Novatek said Continue Reading
Two French companies, supermajor Total and maritime shipper CMA CGM, agree on LNG as a fuel source with deliveries slated for 2020. Photo courtesy of Total Dec. 4 (UPI) — Continue Reading
China’s state planning commission has ordered eight Chinese regions to “regulate” surging gas prices amid winter heating demand and the switch to gas from coal, by meeting on Monday with Continue Reading
A protest this weekend at the site of a proposed natural gas power generator on the Cape Cod Canal highlights the controversy surrounding the rise of natural gas. Some say Continue Reading
There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report. There will be an uptick in the number and Continue Reading
Representatives from a group of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members – an apparent dig at the United Continue Reading
Global gas supplies currently exceed demand, a situation that could lead to a “crisis” drop in prices similar to what occurred in the crude oil market, Russian energy minister Alexander Continue Reading
LNG prices have tanked over the past few years after a wave of new natural gas export capacity has come online in places like Australia and the U.S. However, despite Continue Reading
Natural gas is gushing out of West Texas, a byproduct of frenzied drilling for oil . That is a problem for energy producers, who are running out of places to Continue Reading
Russian energy company Gazprom said it was reviewing the opportunity to expand its only operational liquefied natural gas plant with its Japanese partner. Gazprom Chairman Alexei Miller hosted a delegation Continue Reading
