LNG
U.S. natural gas demand for LNG falls as Cheniere reduces output
There was a significant decline in the amount of U.S. natural gas being liquefied for export with a drop in demand from Cheniere Energy's Corpus Christi plant in Texas and its Sabine Pass operation in Louisiana.
Russia's Arctic LNG 2 suspends gas liquefaction amid sanctions, lack of tankers
Novatek, Russia's largest producer of LNG, has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers.
Japan's Mitsubishi invests in EIG's LNG company MidOcean Energy
Japanese trading house Mitsubishi has agreed to invest in MidOcean Energy, an LNG company owned by U.S. investment firm EIG, MidOcean said without giving details of the deal.
U.S. March LNG exports flat as Freeport plant woes continue
U.S. exports of LNG fell slightly in March to 7.61 MMt from 7.73 MMt in February as production of the superchilled gas from the country's second largest exporter remained constrained, preliminary data from financial firm LSEG showed.
China power firm GCL revives LNG ambition after solar spin-off
Privately-run Chinese power company GCL Holdings is rebuilding a natural gas business after offloading hundreds of solar installations to set up gas import capacity and a trading operation.
QatarEnergy to charter 19 new LNG vessels expanding fleet further
QatarEnergy CEO Saad Al Kaabi announced that the company has finalized a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.
Argentina builds case for exporting natural gas to Brazil through Bolivia
Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel.
Credit Agricole says it will not fund two major LNG projects
Credit Agricole said that it would not provide financing to two major LNG projects, citing commitments to refrain from new fossil fuel developments.
Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
Japan's biggest power generator JERA said it has suspended production at four of its gas-fired power stations and curtailed output at another plant from to secure sufficient LNG inventory.
Challenges in LNG delivery amidst Russia's energy market stability
Deputy Prime Minister Alexander Novak addresses challenges in LNG delivery, particularly concerning the Arctic LNG 2 project, amidst Russia's stable energy market despite drone attacks and sanctions.
Western Australia’s domestic gas market in flux as traditional supply sources mature
With gas demand slowly outstripping supply, Western Australia’s once well-supplied domestic gas market is now tight, and further volatility is expected until new volumes come online later in the decade, according to a new report from Wood Mackenzie.
Asia spot LNG maintains six-week high amid emerging demand
Asian spot LNG prices were little moved this week, holding on to a six-week high amid emerging spot demand in both southeast Asia and Europe.
Japan's February LNG imports fall 5.9% on storage withdrawals
Japan's imports of LNG dropped 5.9% in February from a year earlier, data released by the Ministry of Finance showed, as power producers drew LNG from storage and boosted use of renewable energy.
U.S. natural gas prices climb 2% to 1-week high on higher demand forecasts
U.S. natural gas futures rose about 2% to a one-week high on forecasts for higher demand over the next two weeks than previously expected.
Osaka Gas sees little impact from Freeport LNG's partial shutdown
Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities.
IKAV, VTTI buy majority stake in Italy's biggest LNG terminal
Dutch infrastructure group VTTI and German asset manager IKAV have teamed up to buy a majority stake in Italy's biggest LNG terminal.
U.S. natgas prices slide 2% on forecasts for milder weather, lower demand
U.S. natural gas futures slid about 2% on forecasts for milder weather and less heating demand next week than previously expected and ample amounts of gas in storage.
Gazprom's unit buys former Shell stake in Sakhalin Energy for $1 B
Kremlin-controlled energy giant Gazprom has acquired a 27.5% stake, formerly owned by Shell, in Russian LNG producer Sakhalin Energy for around $1 B, according to a government order.
Enbridge to form natural gas supply venture connecting Permian and Gulf Coast (U.S.)
Canadian pipeline operator Enbridge said it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the U.S. Gulf Coast to tap into strong LNG demand for exports.
Russia's Gazprom ships first LNG cargo from Portovaya to Spain
Russia's Gazprom shipped a cargo of LNG from its small-scale Portovaya LNG plant on the Baltic Sea to Spain for the first time.
Woodside seeks better terms to develop Trinidad's Calypso gas project
Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deep-water natural gas project there.
Sixteen Republican-led U.S. states sue federal government over ban on LNG permits
Sixteen Republican-led states filed a lawsuit to challenge the federal government's ban on approving applications to export LNG, saying the federal government lacks the authority to broadly deny those permits.
ExxonMobil ahead of schedule on doubling LNG portfolio, exec says
ExxonMobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 MMtpy by 2030 and will focus on selling its own gas rather than trading that of third parties.
U.S. gas producers shrug off low prices, bet on LNG boom
Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new LNG plants to lift demand - and prices - for the fuel.
Asia spot LNG gains on supply concerns, steady demand
Asian spot LNG prices edged up this week to a six-week high amid supply concerns and following some spot demand pickup from buyers.
U.S. natgas prices ease 1% to three-week low on mild forecasts
U.S. natural gas futures eased about 1% to a three-week low on forecasts for milder weather over the next two weeks than previously expected, ample gas in storage and expectations gas flows to LNG export plants would remain low through May due to outages at Freeport LNG's plant in Texas.
LNG growth to be met by other countries if U.S. walks away -Baker Hughes CEO
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, said the CEO of Baker Hughes, Lorenzo Simonelli.
Trinidad seeks U.S. license for bp gas project shared with Venezuela
The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of a natural gas project shared with Venezuela that also involves bp.
Lower LNG prices trigger surge in Asian spot market purchases
Price-sensitive LNG buyers from China, India and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years.
German Stade LNG hub agrees on land-based terminal from 2027
Backers of the LNG terminal in Germany's Elbe river port of Stade have taken a final decision to build a land-based terminal from 2027, costing around $1.1 B.
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- LNG Canada expansion to be decided by 2025
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
