LNG

Asia spot LNG prices remain flat below $10/mmBtu despite geopolitical risks

Asian spot LNG prices remained below $10 per mmBtu for the second week running, as solid inventories and mild weather continue to outweigh geopolitical risk related to the Red Sea conflict.

LNG developer Tellurian hires investment banker Lazard

LNG developer Tellurian has hired investment banker Lazard Inc amid a search for investors and customers for its Driftwood LNG export terminal.

U.S. to announce climate review of LNG export approvals

The Biden administration is expected to announce that it will begin considering climate impacts in its approvals of new LNG exports, a process that will likely delay decisions on new terminals until after the Nov. 5 presidential election.

Russia's Novatek to load first cargo from Arctic LNG 2 in February

Novatek, Russia's largest producer of LNG, may start loading first cargo from the Arctic LNG 2 plant in February.

U.S. natural gas prices slide 3% on warm forecasts, slow return of LNG feedgas

U.S. natural gas futures slid about 3% on Thursday on forecast for the weather to remain warmer than normal through at least early February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.

White House pauses decision on Louisiana LNG export terminal

The Biden administration is delaying a decision on a Louisiana LNG export project that would be the United States' largest, but which has raised the ire of environmentalists.

Germany's SEFE seeks to expand natural gas business beyond Europe

Fresh from clinching a $54.43-B pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer LNG for its customers.

Kinder Morgan remains bullish on natural gas demand growth

Kinder Morgan said it continues to have a bullish outlook for natural gas demand banking on higher demand from LNG export facilities and increased exports to Mexico.

Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets

U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.

Qatar delays LNG shipments to Europe amid Red Sea conflict

Qatar, one of the world's biggest LNG exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times.

Japan's 2023 preliminary LNG imports down 8% to lowest in 14 years

Japan's LNG imports fell by 8% to 66.2 MMt last year to the lowest since 2009 following nuclear power restarts and increased use of renewable energy.

U.S. natural gas prices slide 3% to 5-week low on warmer weather forecasts

U.S. natural gas futures slid about 3% to a five-week low on forecasts for demand to keep dropping and output to keep rising as the weather turns warmer than normal through at least early February.

Unclear if Belgium can use EU option to block Russian LNG

It is unclear if Belgium will be able to use the option in an upcoming European Union law to block imports of Russian LNG.

The Gas Vitality LNG bunker vessel completes her 100th LNG bunker operation in Marseille, France

The Gas Vitality LNG bunker vessel celebrated the onset of the New Year by successfully conducting her 100th bunkering operation.

Gas exporting group sees tight global LNG markets until 2026

The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.

U.S. LNG feedgas cut by Arctic freeze, problems at Freeport LNG

The amount of natural gas flowing to U.S. LNG export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG's facility in Texas experienced mechanical problems.

Asia spot LNG prices slip below $10 MMBtu despite Red Sea tensions

Asian spot LNG prices dipped below $10 per MMBtu for the first time in nearly eight months, as ample inventories and mild weather outweighed geopolitical tensions in the Red Sea.

British Columbia boosts power plan but electrifying LNG proving big challenge

British Columbia boosted its $26.7-B plan to expand its grid over the next decade, but Canada's Pacific Coast province will still fall short of supplying the biggest LNG projects with hydropower needed to avoid generating high emissions.

Biden administration taking heat from all sides over Louisiana LNG project

The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security.

Qatar set to sign cheaper long-term LNG deal with India

Qatar Energy within weeks could sign a long-term deal to provide LNG to Indian buyers on cheaper and more flexible terms than existing contracts as India seeks to meet a goal to increase the fuel's use.

U.S. LNG shipments disrupted by cold snap

Disruptions to scheduled exports of U.S. LNG at export plants in Louisiana and Texas tightened some supply temporarily as the U.S. contends with an Arctic blast.

Bangladesh's Summit to supply 1.5 MMt LNG to Petrobangla from Oct 2026

Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 MMt of LNG per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman.

Gas, LNG prices to remain relatively weak in 2024 amid subdued demand

Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.

Glander International Bunkering and Rohe Solutions Oy complete Kokkola port’s first LNG supply

Global bunker trading firm, Glander International Bunkering collaborated with LNG supplier Rohe Solutions Oy to supply LNG by truck to oil/chemical tanker SAANA.

Exxon to buy another 1.2 MMtpy of LNG from Mexico Pacific

Mexico Pacific said that it will supply ExxonMobil with an additional 1.2 MMtpy of LNG.

Red Sea disruptions not (yet) enough to trouble LNG prices

The effective closure of the Red Sea to tankers carrying LNG, while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market.

Russia's Arctic LNG 2 to ship first tanker this month

Russia's Arctic LNG 2 project is set to load its first LNG tanker for Asia at the end of January despite disruptive U.S. sanctions.

Tankers carrying Qatari LNG resume course amid Red Sea tension

Four tankers used for shipments of Qatari LNG have resumed course after pausing for several days amid maritime attacks by Yemen's Iran-aligned Houthis in the Red Sea.

Japan spot LNG contract price for December not disclosed

The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.

QatarEnergy halts Red Sea LNG shipping amid attacks, seeking security advice

QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues.