economics
U.S. natgas prices up 1% as hot weather boosts cooling demand
U.S. natural gas futures edged up about 1% to a one-week high on a drop in daily output and forecasts for hotter-than-normal weather to continue through late July, especially in Texas.
Global liquefied natural gas trade volumes set a new record in 2022
In 2022, global trade in liquefied natural gas set a record high, averaging 51.7 bcf/d, a 5% increase compared with 2021.
India's gas regulator pitches for building natural gas storage
India should build storage for natural gas to boost the use of cleaner fuel in the country and hedge against global price volatility, A. K. Jain, chairman of the Petroleum and Natural Gas Regulatory Board, said.
Japan gas lobby looks to PM's Middle East trip for stable supply
Japan Gas Association Chairman Takahiro Honjo said he hoped that Prime Minister Fumio Kishida's planned Middle East trip this month will help Japan ensure stable supplies of liquefied natural gas and other fuels.
Next wave of North American LNG export projects to face labor challenges
A coming wave of North American liquefied natural gas export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers.
Shell warns of big drop in gas trading results
Shell, the world's biggest liquefied natural gas trader, said second-quarter gas trading results were expected to come in "significantly lower" quarter-on-quarter, though in line with the previous two years' second quarters.
German town threatens legal action over fast-track LNG
A German resort town said it will take legal action against the federal government's plans to build liquefied natural gas terminals off the Baltic Sea coast after the parliament passed a reform to speed up the process.
Brazil's Eletrobras to sell gas-fired power plants
Brazilian power company Eletrobras has begun structuring a process to sell its gas-fired power plants, in line with a goal of reaching net-zero carbon emissions, it said.
Thailand's PTT in advanced talks with Qatar for LNG deal
Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas supply deal.
Trinidad and Tobago signs preliminary LNG agreement with Suriname
Suriname said it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago.
Canada's first LNG terminal in 'encouraging' talks with British Columbia on electrification
The CEO of LNG Canada, the Shell-led liquefied natural gas export project in British Columbia, said discussions with the province about electrifying a second phase of the terminal have been "encouraging" but building new power transmission infrastructure remains a long way off.
Europe’s gas storage is filling too fast
Europe’s gas storage is filling more slowly after prices fell sharply in the first half of the year, but a further slowdown will be needed to prevent space running out before the start of winter 2023/24.
Baker Hughes to supply 3 liquefaction trains for NextDecade’s Rio Grande LNG Project
Baker Hughes announced it has been awarded an order by Bechtel Energy Inc., to be booked in the second quarter of 2023, to supply three Main Refrigerant Compressors for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
China imports more LNG but not enough to drive spot prices
China's imports of liquefied natural gas rose to a five-month high in June but tepid demand in the rest of the top-importing continent has kept a lid on spot prices.
Italian court further delays decision on Tuscan LNG terminal
An Italian administrative court has postponed until Dec. 20 a decision on whether a liquefied natural gas terminal in the Tuscan port of Piombino meets all safety requirements, the city's mayor said.
U.S. June LNG exports fall 10% on maintenance cuts, weaker demand
U.S. exports of liquefied natural gas fell 10% in June to 6.82 mt, from 7.58 mt the previous month, as plant maintenance curbed output and European demand slid, according to preliminary data.
India in talks to supply green hydrogen to EU and Singapore
India has discussed a possible deal to supply more than 11 million mtpa of green hydrogen to the European Union and Singapore, who in turn would invest in these Indian clean energy projects, three government officials and one industry source said.
Mexico Pacific signs 20-year LNG supply deal with China's Zhejiang Energy
Mexico Pacific Ltd has struck a 20-year deal to sell a million metric tons of liquefied natural gas a year from its Saguaro Energia export plant in Sonora state to China's Zhejiang Energy.
India mulls bilateral deals for green hydrogen-linked carbon credits
India is considering bilateral agreements with countries such as Japan to allow them to use carbon credits linked to green hydrogen production in India in exchange for investment and purchase deals, two government sources and one industry source said.
Weak gas prices worsen outlook for Gazprom's revenues from sales to Europe
Weak gas prices have lowered expectations for Gazprom's revenues, which the Kremlin-controlled energy giant generates from sales to Europe, according to analysts and Reuters calculations.
U.S. Dept of Energy grants export license to Gulfstream LNG
Gulfstream LNG Development has received an export authorization from the U.S. Department of Energy to advance its proposed liquefied natural gas export plant in Louisiana.
Venture Global LNG seeks approval to speed up plant construction
LNG developer Venture Global LNG asked U.S. regulators for expedited review of a request to add construction workers to its Plaquemines LNG export project and to allow work around the clock seven days per week.
Cheniere Energy returns Louisiana LNG export plant to full production
Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance.
MAN Energy Solutions and Shell join forces to drive decarbonization solutions
MAN Energy Solutions and Shell have agreed a Memorandum of Understanding to explore the potential of combining their individual competencies and technologies to achieve their climate goals and support their customers in their decarbonization efforts.
U.S. natural gas prices up 2% on rising LNG feedgas, lingering hot weather
U.S. natural gas futures climbed about 2% as the daily amount of gas flowing to liquefied natural gas export plants increases, rising prices in Europe, and on forecasts for hotter-than-normal U.S. weather to continue through mid-July, especially in Texas.
Greek gas grid says 27 companies interested in booking future capacity
Greece has received interest from 27 U.S. and European companies in booking future capacity at its gas grid, which would allow them to import and export gas to Europe via the country in the coming decades, says grid operator DESFA.
Sinopec's first green hydrogen plant starts production in Xinjiang
China's Sinopec has begun producing green hydrogen at a plant in the western region of Xinjiang, the company said.
Centrica boosts UK gas storage for next winter, warns against complacency
British energy firm Centrica said it had increased storage capacity at the UK's largest gas storage facility to 54 bcf to help boost resilience next winter, warning gas markets remain volatile.
Russian piped gas exports to Europe up 3.6% m/m in June
Pipeline natural gas exports to Europe by Russia's Gazprom in June rose by 3.6% from May despite repair work on the TurkStream pipeline, according to calculations based on volumes supplied via Ukraine and TurkStream.
Asia spot LNG prices flat as demand remains tepid
Asian spot liquefied natural gas prices remained flat as demand remains muted and inventories are high.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
