Oil Majors Win Big As LNG Prices Soar
Shell turned the lights back on at its Prelude offshore LNG facility just as Asia was being frozen by a cold spell that sent prices for liquefied natural gas sky-high. Continue Reading
Asian storage demand in spotlight as traders fear flood of LNG in summer
Highlights JKM drop triggers fear of abundant spring LNG deliveries to Europe Asian storage demand expected to cushion as stock fell below 3-year average But summer arbitrage opportunities to Europe Continue Reading
LNG Benchmark Tops $30
A shortage of LNG tankers has also boosted charter rates to a record high. (Bloomberg) — North Asia’s liquefied natural gas benchmark rose above $30 per million British Thermal units Continue Reading
EIA: U.S. Natural Gas Reserves Slip Amid Low Prices
Natural gas reserves in the United States fell by 2 percent in 2019 due to low prices, the Energy Information Administration said in an update on the country’s oil and Continue Reading
Three US LNG facilities see lower utilization as historic Asian price surge continues
Kinder Morgan’s Elba Liquefaction is working on scheduling repairs to a unit at the 10-train facility in the US state of Georgia that has been offline since a fire eight Continue Reading
Cold Snap Sparks Record Rise in Natural Gas Prices in Asia
A blast of cold weather in northeast Asia and a shortage of ships for transporting gas have sparked a scramble for cargoes of liquefied natural gas, igniting a steep rise Continue Reading
Shell Restarts Production At Huge Prelude Project As LNG Prices Soar
Shell has restarted production of liquefied natural gas at its Prelude offshore project in Australia after almost a year’s suspension. “LNG cargoes have resumed from Shell’s Prelude FLNG facility,” Argus Continue Reading
Slim pickings for prompt LNG cargoes to meet historic Feb Asia demand
The scarcity of on-the-water LNG cargoes heading to Asia and a constriction in supply for loading in late January meant that buyers of prompt deliveries have been left with a Continue Reading
Industrial gas demand growth continues into new year, despite coronavirus risks
Recent growth in industrial natural gas demand has continued into January, outperforming year-ago levels, despite recently expanded lockdowns related to the ongoing coronavirus pandemic. Receive daily email alerts, subscriber notes Continue Reading
Shale gas pioneer Chesapeake Energy worth $5.13 billion on bankruptcy exit -U.S. judge
Chesapeake Energy Corp’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale Continue Reading