Top Biden official (U.S.) to defend LNG pause in Senate hearing

A top U.S. Department of Energy official is set to defend President Joe Biden's pause on approvals of LNG exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision.

Russia's Arctic LNG 2 last line is on hold, TotalEnergies CEO says

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies said.

U.S. natural gas prices fall to 3-year low on rising output, ample storage

U.S. natural gas futures fell about 2% on Wednesday to a three-year low after breaking through the key $2 per MMBtu level of technical support with ample amounts of fuel in storage, rising output and less gas flowing to LNG export plants.

Bangladesh likely to sign another long-term LNG deal, buy more spot cargoes

Bangladesh will likely sign its fifth long-term LNG contract in "a couple of years" and will increase its spot cargo purchases this year.

Tellurian fights to keep its Driftwood LNG project alive

The proposed sale of LNG developer Tellurian's natural gas production assets represents a move to stay afloat amid dwindling survival options.

U.S. says allies 'reassured' LNG pause does not affect current exports

U.S. allies concerned about steady supplies of LNG are reassured when they understand President Joe Biden's pause on LNG export approvals does not affect currently permitted shipments.

Adani Total says Dhamra LNG terminal operating at 55% utilization rate

Adani Total Pvt Ltd's Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%.

Mitsubishi sees Russia's Sakhalin LNG as key energy source for Japan

Mitsubishi Corp CEO Katsuya Nakanishi said Russia's Sakhalin 2 LNG project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.

Tellurian explores sale of upstream business to finance Driftwood LNG

Tellurian is exploring the sale of its Haynesville upstream business as it looks to raise capital for its Driftwood LNG project.

Russia raises LNG exports by 11% y/y in January

Russia increased exports of LNG in January by 11% from the same month a year ago to 3 MMt, of which 1.77 MMt were shipped to Europe.

Asia LNG imports are robust, but record supply keeps spot prices muted

The spot price of LNG is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.

Asia spot LNG prices remain below $10/MMBtu for third week

Asian spot LNG prices have seen a slight uptick this week but remain below $10 per MMBtu for the third week running as weak demand continues to steer prices.

European and Asian companies affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.

U.S. LNG export pause leaves EU, industry at odds over energy security

Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new LNG plants, EU energy officials and analysts said, dismissing industry's warnings.

Mitsui records $93 MM more in provisions for sanctioned Arctic LNG 2 project

Japan's Mitsui & Co said it had recorded $93 MM as additional provisions on its investment in Russia's Arctic LNG 2 project sanctioned by the United States, but lifted its full-year profit forecast.

Former Sempra Energy chief behind efforts to salvage Driftwood LNG project

U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.

U.S. House of Representatives to vote on reversing Biden's LNG exports pause

The U.S. House of Representatives will vote next month on a measure to overturn the Biden administration's moratorium on approvals of new liquefied natural gas exports.

U.S. LNG export permit pause may affect Japan's fuel security

Japan's top power generator JERA expects the temporary suspension of U.S. LNG export permits may affect Japan's fuel security, and even the world's, if the issue persists.

Japan worried U.S. pause of LNG export approvals may delay new projects

Japan, the world's second-biggest buyer of LNG, is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States.

U.S. pause on LNG exports raises pressure on Canada, BC to do same

U.S. President Joe Biden's decision to pause expansion of American LNG exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may be politically difficult.

U.S. natural gas prices drop 8% on contract expiry, Freeport LNG unit outage

U.S. natural gas futures plunged about 8% in light trade ahead of the expiration of the February contract on forecasts that demand for the fuel for heating and export would remain low in coming weeks with mild weather and a unit outage at the Freeport LNG export plant in Texas.

QatarEnergy, Excelerate Energy sign 15-year supply LNG deal

QatarEnergy and U.S.-based Excelerate Energy signed a 15-year agreement to supply 1 MMtpa of LNG to be delivered to Bangladesh for 15 years from January 2026.

Reaction to the U.S. decision to pause LNG export reviews

The U.S. paused approvals of pending and future permits to export LNG to non-Free Trade Agreement countries, the biggest buyers of the U.S. fuel, to allow the Department of Energy to review LNG climate impacts.

Companies most affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.

U.S. natural gas prices ease 1% on warmer weather forecasts, low LNG feedgas

U.S. natural gas futures eased about 1% on forecasts for the weather to remain warmer than normal through at least the middle of February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.

Freeport LNG faces month-long unit outage due to winter storm

Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather.

Japan's JOGMEC gearing up to support new LNG projects

The Japan Organization for Metals and Energy Security is preparing to give financial assistance to Japanese companies for new LNG projects to ensure a stable supply of the fuel.

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.