LNG
Asia spot LNG prices slip on muted demand, high EU stocks
Asian spot liquefied natural gas prices fell this week, as muted demand in Northeast Asia and high gas inventories in Europe continued to weigh on prices.
Energy Transfer signs deals for Louisiana Lake Charles export plant
U.S. energy company Energy Transfer entered three non-binding agreements to sell liquefied natural gas from its proposed Lake Charles export plant in Louisiana.
NextDecade makes final investment decision on Rio Grande LNG Phase 1
Liquefied natural gas firm NextDecade said it has made a positive final investment decision to construct the first three liquefaction trains at its Rio Grande LNG export facility.
Ksi Lisims LNG chooses Siemens Energy for low-carbon electrical compression design
The Ksi Lisims LNG project has awarded Siemens Energy a contract to assist with designing the project’s liquefaction compression and associated electrical systems.
U.S. natgas prices down 3% as low LNG feedgas offsets impact of extreme heat
U.S. natural gas futures slid about 3% as maintenance work limits the amount of gas flowing to the country's liquefied natural gas export plants.
H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”
Sempra expects US to approve permit extension for Cameron LNG plant
Sempra Infrastructure likely will ask the U.S. Department of Energy for an export license extension for its Cameron LNG facility expansion, President Dan Brouillette said.
Uniper chief says flexible duration LNG contracts key for Europe
Shorter-duration contracts for LNG purchases will be important for Europe's diversifying supply given uncertainty about long-term gas demand, the new chief executive of German utility Uniper said.
Cheniere shunning Panama Canal for longer LNG routes to Asia
Top U.S. LNG exporter Cheniere Energy is shunning the Panama Canal to transport liquefied natural gas to Asia because the market is not supporting use of the waterway, said Chief Operating Officer Corey Grindal.
UK's Centrica and Delfin Midstream sign 15-year US LNG supply deal
British Gas parent firm Centrica has signed a 15-year liquefied natural gas supply agreement with U.S.-based Delfin Midstream, the companies said.
Global liquefied natural gas trade volumes set a new record in 2022
In 2022, global trade in liquefied natural gas set a record high, averaging 51.7 bcf/d, a 5% increase compared with 2021.
Vietnam receives first LNG cargo in bid to develop new power supply
State-owned PetroVietnam Gas said it had received a cargo of 70,000 metric tons of liquefied natural gas from Singapore-based Shell Eastern Trading, marking Vietnam's first ever LNG import.
Japan gas lobby looks to PM's Middle East trip for stable supply
Japan Gas Association Chairman Takahiro Honjo said he hoped that Prime Minister Fumio Kishida's planned Middle East trip this month will help Japan ensure stable supplies of liquefied natural gas and other fuels.
Next wave of North American LNG export projects to face labor challenges
A coming wave of North American liquefied natural gas export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers.
Shell warns of big drop in gas trading results
Shell, the world's biggest liquefied natural gas trader, said second-quarter gas trading results were expected to come in "significantly lower" quarter-on-quarter, though in line with the previous two years' second quarters.
German town threatens legal action over fast-track LNG
A German resort town said it will take legal action against the federal government's plans to build liquefied natural gas terminals off the Baltic Sea coast after the parliament passed a reform to speed up the process.
Thailand's PTT in advanced talks with Qatar for LNG deal
Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas supply deal.
Trinidad and Tobago signs preliminary LNG agreement with Suriname
Suriname said it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago.
Canada's first LNG terminal in 'encouraging' talks with British Columbia on electrification
The CEO of LNG Canada, the Shell-led liquefied natural gas export project in British Columbia, said discussions with the province about electrifying a second phase of the terminal have been "encouraging" but building new power transmission infrastructure remains a long way off.
Svanehøj and Engie team up to enhance offshore LNG safety on FSRUs
LNG storage involves managing significant safety risks, but data on the behavior of LNG in Floating Storage and Regasification Units is lacking. Now, tank control system specialists from Svanehøj and energy researchers at Engie Lab Crigen have joined forces to develop more effective safety measures.
Baker Hughes to supply 3 liquefaction trains for NextDecade’s Rio Grande LNG Project
Baker Hughes announced it has been awarded an order by Bechtel Energy Inc., to be booked in the second quarter of 2023, to supply three Main Refrigerant Compressors for NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.
China imports more LNG but not enough to drive spot prices
China's imports of liquefied natural gas rose to a five-month high in June but tepid demand in the rest of the top-importing continent has kept a lid on spot prices.
Italian court further delays decision on Tuscan LNG terminal
An Italian administrative court has postponed until Dec. 20 a decision on whether a liquefied natural gas terminal in the Tuscan port of Piombino meets all safety requirements, the city's mayor said.
U.S. June LNG exports fall 10% on maintenance cuts, weaker demand
U.S. exports of liquefied natural gas fell 10% in June to 6.82 mt, from 7.58 mt the previous month, as plant maintenance curbed output and European demand slid, according to preliminary data.
Mexico Pacific signs 20-year LNG supply deal with China's Zhejiang Energy
Mexico Pacific Ltd has struck a 20-year deal to sell a million metric tons of liquefied natural gas a year from its Saguaro Energia export plant in Sonora state to China's Zhejiang Energy.
U.S. Dept of Energy grants export license to Gulfstream LNG
Gulfstream LNG Development has received an export authorization from the U.S. Department of Energy to advance its proposed liquefied natural gas export plant in Louisiana.
Venture Global LNG seeks approval to speed up plant construction
LNG developer Venture Global LNG asked U.S. regulators for expedited review of a request to add construction workers to its Plaquemines LNG export project and to allow work around the clock seven days per week.
Cheniere Energy returns Louisiana LNG export plant to full production
Cheniere Energy Inc's Sabine Pass LNG export facility returned to full production this week after undergoing maintenance.
U.S. natural gas prices up 2% on rising LNG feedgas, lingering hot weather
U.S. natural gas futures climbed about 2% as the daily amount of gas flowing to liquefied natural gas export plants increases, rising prices in Europe, and on forecasts for hotter-than-normal U.S. weather to continue through mid-July, especially in Texas.
Asia spot LNG prices flat as demand remains tepid
Asian spot liquefied natural gas prices remained flat as demand remains muted and inventories are high.
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
