LNG
Pakistan giant Engro looks to go global
Pakistan's largest conglomerate, Engro Corp., is looking to expand into new markets, including the Middle East, Central Asia and Africa, the chemicals-to-energy company's largest investor said on Tuesday.
Australia backs long-term gas drilling despite 2050 climate goals
Australia's Labor government on Thursday laid out a strategy to boost natural gas development even as it remains committed to net-zero carbon emissions by 2050, highlighting demand from key Asian trade partners.
EU eyes Russia LNG transhipment ban, tighter control of sanction busting
The European Union is looking to enact harsher sanctions against Russia, including holding LNG owners more accountable for receiving Russian natural gas shipments.
U.S. natgas flows to Freeport LNG in Texas rise to 2-mos high
The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-mos high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so.
Sinopec in talks with Pembina for LNG offtake of Cedar LNG project
China's Sinopec is in discussions with Pembina Pipeline Corp for a LNG offtake agreement and equity stake in the $4-B, 3-MMtpy Cedar LNG project in British Columbia, Canada.
Squamish Council rejects Woodfibre LNG's "floatel" amid safety/environmental concerns
The District of Squamish council voted to reject a 1-yr temporary use permit for Woodfibre LNG's use of a renovated cruise ship to house more than 600 workers.
Plug expands cryogenic sales with multiple customer agreements
Plug Power Inc., a global leader in comprehensive hydrogen (H2) solutions for the green H2 economy, has been awarded contracts to supply cryogenic equipment to a multinational industrial gas company and a statewide electric utility company.
U.S. stands to lose Canadian natural gas when LNG Canada terminal starts up
The startup of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high.
Japan aims for zero-carbon electricity generation
Over the last several years, the Japanese government has announced energy policies aimed to achieve carbon neutrality by 2050 by lowering emissions in the electric power, industrial, and transportation sectors.
ExxonMobil "optimistic and pushing forward" with Mozambique LNG project
ExxonMobil is "optimistic and pushing forward" with its delayed Rovuma liquefied natural gas (LNG) project in Mozambique and expects a final investment decision (FID) at the end of next year.
U.S. natgas prices jump 5% on higher demand forecast, lower output
U.S. natural gas futures jumped about 5% on Thursday on a continued drop in output and more demand next week than previously expected is forecasted due to an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants.
Technip Energies reveals 1Q 2024 financial results
Technip Energies, a leading engineering and technology company for the energy transition, has released its unaudited financial results for 1Q 2024.
HPLNG delays commissioning of Chhara LNG import terminal in India
HPLNG delays commissioning of Chhara LNG import terminal in Gujarat, India.
U.S. LNG exports fall in April for fourth straight month
U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 MM metric t in April from 7.61 MM metric t in March on production outages, preliminary data from financial firm LSEG showed.
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for liquefied natural gas (LNG), combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
U.S. natgas flows rise to 3-week high as Texas Freeport pulls in more fuel
The amount of natural gas flowing to the seven U.S. LNG export plants was on track to rise by about 5% to a three-week high as Freeport LNG in Texas started to pull in more feedgas.
Turkey in talks with ExxonMobil over multibillion-dollar LNG deal
Turkey is in talks with U.S. energy giant ExxonMobil over a multi-billion-dollar deal to buy LNG, in an effort to curb its dependence on Russian energy.
bp signs long-term LNG agreement with Korea Gas Corp
bp has entered into a long term LNG sale and purchase agreement with South Korea's state run Korea Gas Corp.
Top Tellurian executives poised for big payday if LNG plant goes ahead
Top executives of U.S. LNG developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold.
As demand for U.S. LNG booms, one plant struggles to stay online
The second-largest U.S. LNG export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports.
Equinor's Hammerfest LNG plant outage extended
The planned restart of Equinor's Hammerfest LNG plant, which was evacuated and shut earlier this week due to a gas leak, has been postponed until Saturday, transparency data showed.
U.S. natgas drops on lower feedgas to Freeport LNG, storage surplus
U.S. natural gas futures slipped ahead of the expiration of the May contract, weighed down by a drop in feedgas to Freeport LNG's Texas export terminal and a huge surplus of gas in storage.
TotalEnergies chief calls potential EU sanctions on Russian LNG a financial boon
Sanctions on Russian gas from the Yamal LNG project would cause prices to spike and profit global gas sellers including TotalEnergies, chief executive Patrick Pouyanne said, in response to an analyst question about the impact of potential EU sanctions.
Asia spot LNG prices fall for first time in over two months
Asian spot LNG prices dropped slightly for the first time in more than two months this week over expectations of weak demand, amid easing concerns around supply due to tensions in the Middle East.
European Commission expected to propose new sanctions on Russian LNG
The European Commission's next sanctions package is expected to propose restrictions on Russian LNG for the first time, including a ban on trans-shipments in the EU and measures on three Russian LNG projects.
Equinor to expand LNG trading, eyes deals in Europe, Asia, senior exec says
Norwegian energy group Equinor plans to expand its LNG trading business and is in talks with a number of potential buyers in Europe and Southeast Asia.
First tanker in 12 days sets sail from Freeport LNG in Texas (U.S.)
The first tanker in 12 days set sail from Freeport LNG's Texas export terminal, signaling the resumption of gas processing after an outage this month.
Rising spot LNG prices starting to bite some Asian buyers
There are early signs that the rise in the spot price for LNG for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India.
Steep discounts, new vessels spur demand for LNG to power ships
Demand for LNG to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said.
Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan
Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- 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™
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
