economics
Venture Global will not begin LNG deliveries to Italy's Edison until 2025
Italian energy group Edison said that U.S. gas exporter Venture Global LNG told it not to expect contract cargoes from its Louisiana export facility until April 2025.
U.S. natgas prices fall 3% to 2-week low on lower demand forecast
U.S. natural gas futures dropped about 3% to two-week lows on Monday on forecasts for milder weather and less demand next week than previously expected.
IEEFA: Canadian LNG will not boost Japan's energy security or Asia's decarbonization
With LNG Canada set to start up next year, liquefied natural gas (LNG) exporters in Canada are racing to build new projects along the country’s western coast. Many are enamored by the prospect of selling the fuel to Asian countries, particularly Japan.
Fewer tankers transit the Red Sea in 2024
The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.
Canadian natural gas firms eager for LNG boom swamp market with excess supply
A huge liquefied natural gas (LNG) export terminal led by Shell, called LNG Canada, may struggle to dramatically raise Canadian natural gas prices when it starts operating next year because a flood of pent-up supply is waiting to hit the market.
TotalEnergies expands global LNG bunkering footprint
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new LNG bunker vessel of 18,600 m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs.
Alfa Laval to supply first systems for ammonia-fueled marine vessels by end of 2025
Alfa Laval announced it will be ready to supply its first fuel systems for ammonia-fueled vessels by the end of 2025.
Japan expands LNG flexibility via cooperation with South Korea, Italy
Japan has agreed on Sunday to study cooperating with South Korea and Italy on procurement of LNG as the world's second-biggest LNG importer after China seeks greater flexibility while strengthening its energy security.
China to remain world's top LNG buyer in 2024-25
China is set to remain the world's top buyer of LNG this year and next because of strong industrial demand. The country overtook Japan as the world's top LNG buyer as Japanese demand is falling amid nuclear reactor restarts, the roll out of renewable energy and overall weak economic development.
Tellurian shareholders back proposed $1.2-B Woodside deal
Tellurian shareholders have voted in favor of the U.S. LNG developer's proposed $1.2-B acquisition by Australian energy producer Woodside Energy Group.
TotalEnergies wins tender for LNG supply to Bulgargaz
Natural gas distribution company Bulgargaz said on Friday that French oil major TotalEnergies ranked first in a tender offer to supply liquefied natural gas (LNG) in November and December to the Alexandroupolis terminal in Greece.
Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
Algeria's Sonatrach and Saudi Arabia's Aramco have raised official selling prices (OSPs) for liquefied petroleum gas (LPG) in October by around 3%–4% from September due to limited supply on the global market.
Japan top buyer of LNG from Russia's Sakhalin 2
Japan is currently the biggest importer of liquefied natural gas (LNG) from Russia's Sakhalin 2 plant accounting for 57.5% of its exports.
Slovak gas buyer SPP says talks continue to extend Ukraine transit
Slovak state-owned gas buyer SPP is continuing negotiations to secure an extension of gas transit through Ukraine after Kyiv's contract with Russian supplier Gazprom expires at the end of the year, and several options are on the table.
Australia's Santos and TotalEnergies sign LNG deal
Australian gas supplier Santos has signed a mid-term liquefied natural gas (LNG) supply contract with TotalEnergies' Singapore unit.
UK's last coal plant shutdown bodes well for U.S. LNG exports
U.S. exporters of liquefied natural gas (LNG) are likely cheering the shutdown of the last coal-fired power plant in the UK, as the move locks in long-term gas demand by the world's sixth largest economy.
Honeywell completes acquisition of Air Products' LNG process technology and equipment business
Honeywell has completed its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 B in an all-cash transaction.
Natural gas producers demand Harris’ stance on key energy issues in battleground Pennsylvania (U.S.)
Drillers in energy-rich Pennsylvania have called on Democratic presidential candidate Kamala Harris to detail her position on natural gas, a fuel the energy industry bills as clean but which climate activists say is a global warming menace.
Big U.S. oil companies reveal massive payments to foreign governments
The three largest U.S. energy exploration companies paid more than $42 B to foreign governments last year, about eight times more than what they paid in the U.S.,
India will not buy from Russia's sanctioned Arctic LNG 2 project
India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.
Japan's Mitsubishi to acquire stake in Petronas LNG plant
Japanese conglomerate Mitsubishi will acquire a 10% stake in a natural gas facility operated by Malaysian state energy giant Petroliam Nasional for a 10-yr period.
Britain targets Russian LNG sector with fresh shipping sanctions
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian liquefied natural gas (LNG), with the government saying it was using new legal powers for the first time to target LNG vessels directly.
Turkey's Botas in talks with Iran's national gas company for long-term supply
Turkish state energy company Botas said on Wednesday that it had held talks with Iran's national natural gas company NIGC for the long-term supply of natural gas from Iran to Turkey.
Column: Southeast Asia's bright gas demand outlook may disappoint
Southeast Asia is fast becoming a key growth market for natural gas, and on paper has an aggressive development pipeline for gas-fired power stations that if completed would ensure the region would be a major gas consumer for decades.
U.S. net natural gas exports remain flat in the first half of 2024
In the first six months of 2024, U.S. net natural gas exports (exports minus imports) averaged 12.6 Bft3d, 1% (0.1 Bft3d) more than the same period last year and 2% (0.3 Bft3d) less than in 2023, according to the U.S. Energy Information Administration’s (EIA) Natural Gas Monthly.
Shell shelves Norway hydrogen project due to lack of demand
Shell has scrapped plans for a low-carbon hydrogen plant on Norway's west coast due to a lack of demand, the energy company said on Monday, days after Equinor cancelled a similar planned project in Norway.
TotalEnergies will supply 200,000 tpy of LNG to HD Hyundai Chemical until 2033
In line with its strategy to grow its long-term LNG sales, TotalEnergies announced the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tpy of LNG for 7 years starting from 2027.
Norway's Equinor scraps plans to export blue hydrogen to Germany
Norway's Equinor has scrapped plans to export blue hydrogen to Germany because it is too expensive and there is insufficient demand. Equinor and Germany's RWE signed a Memorandum of Understanding in January 2022 to build a hydrogen supply chain for German power plants to help reduce greenhouse gas emissions.
Chevron not looking to invest in building US LNG plants
Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company's capital and it can easily sell its U.S. gas.
LNG contracting off to a great start in 2024
Long-term LNG contracting activity is off to a strong start in 2024. Since the beginning of the year, 58 MMtpy of LNG SPAs (sales purchase agreements), capacity agreements and Heads of Agreements (HOAs) have been signed. This follows over 94 MMtpy of new LNG SPAs and HOAs agreed upon last year.
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vaisala seeks to remove greenwashing from carbon capture with new measurement solution
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
