economics
LNG-fueled trucking accelerates in Asia, denting diesel demand
Trucking fleets in China are embracing cleaner-burning LNG for fuel, accelerating a decline in diesel demand and rattling suppliers to the world's biggest oil importer.
Qatar LNG sales to key Asian markets confronted by U.S., UAE rivalry
Qatar is finding it hard to agree new deals to supply liquefied natural gas (LNG) to Japan and South Korea as rising competition from the U.S. and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market.
U.S. natgas prices hold near 1-month low as LNG feedgas rise offsets mild weather
U.S. natural gas futures held near a one-month low on Friday as a bullish rise in the amount of gas flowing to liquefied natural gas (LNG) export plants offset bearish forecasts that mild weather will keep heating demand low through early November.
Malaysia sees lower natural gas, crude oil output in 2025
Malaysia expects lower natural gas and crude oil output in 2025 due to the planned shutdowns of some production facilities for maintenance and easing demand in some export markets.
Analysts expect EU carbon prices to soar by 2027
Analysts expect EU carbon permit prices will soar by 2027 as policy measures shrink supply, while their forecasts for 2025 and 2026 were little changed.
Update: UK imposes sanctions on Russian oil and LNG vessels
Britain said on Thursday it had imposed sanctions on 18 more Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against Russia's so-called ‘shadow fleet.’
Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
Wood is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable carbon capture, utilization and storage projects.
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.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- ExxonMobil selects Chart Industries’ IPSMR® liquefaction technology for Mozambique LNG project
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
- U.S. LNG exports primed to jump as price arb to Europe opens wide
