LNG
Tokyo Gas to spend $1.4 B on renewable power at home and abroad
Japan's Tokyo Gas is shifting its overseas focus to renewable energy and away from regional upstream gas projects as it seeks to combat climate change, its president said, although it will invest in LNG.
Europe's gas prices stabilize as storage additions slow
Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting LNG cargoes to Asia.
S&P Global seeks feedback on new LNG forward month price assessment
Platts, part of S&P Global Commodity Insights released a consultation note for a new liquefied natural gas (LNG) price assessment for cargoes delivered a month after the front-month JKM benchmark.
Despite China heatwave, weak factory demand curbs LNG imports
An ongoing heatwave in China is boosting power demand for cooling, but tepid industrial demand and record high coal inventories are keeping prices at two-year lows and limiting spot LNG imports.
Trinidad to restart idled LNG unit by early 2027 amid restructuring
Trinidad and Tobago aims to restart an idled liquefied natural gas unit by the first quarter of 2027 after agreeing to restructure the facility's ownership and negotiate new gas supplies, according to three people with knowledge of the plans.
U.S. natgas down 2% on lower flows to LNG export plants, mild weather
U.S. natural gas futures fell about 2% on lower gas flows to liquefied natural gas plants due to maintenance, forecasts for milder weather and less demand over the next two weeks than previously expected and a drop in global gas prices.
Bangladesh power cuts may last two more weeks on fuel shortages
Bangladesh could face power cuts for two more weeks, its power minister said, as higher electricity consumption because of rising temperatures has caused a fuel shortfall for generation plants.
U.S. natural gas up 2% on forecast for more demand, record exports to Mexico
U.S. natural gas futures rose about 2% on forecasts for more demand over the next two weeks than previously expected and record exports to Mexico.
U.S. LNG exports fall in May on lower output and changing demand trends
U.S. exports of liquefied natural gas fell in May to 7.66 million tons from a record 8.01 million tons in April as plant maintenance curbed some output and weaker prices in Europe cut flows to the region, shipping data showed.
Trinidad asks U.S. for changes to Venezuela gas project license
Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said.
Asian spot LNG prices slip for sixth straight week
Asian spot LNG prices fell for the sixth straight week to their lowest level in more than two years, while European LNG prices also declined on weak demand and high inventories.
Equinor says production at Hammerfest LNG to resume
Norway's Equinor plans to restart production at its Arctic LNG plant in Hammerfest after it was shut down due to a gas leak, the company said in a market message.
Equinor says leak at Hammerfest LNG plant stopped
A gas leak at Norway's Hammerfest liquefied natural gas plant has been stopped and normalization is underway, but it is too soon to say when production will resume, Equinor said.
Equinor shuts Hammerfest LNG plant due to gas leak
Norway's Hammerfest LNG plant was shutting down due to a gas leak, a spokesperson for operator Equinor said, confirming an earlier police report.
Tanzania to review approval of $42-B LNG project in June
Tanzania's government said it had completed negotiations with the investors of its $42-B liquefied natural gas project, with the agreements set to be reviewed for approval next month.
QatarEnergy to sign long-term LNG supply deal with Bangladesh
QatarEnergy will sign a long-term LNG supply deal with Bangladesh's state-owned gas company Petrobangla, the second Asian sales deal to be sealed for Qatar's North Field expansion project.
Cyprus wants shipping corridor to export natgas
Cyprus wants to establish itself as a gateway from east Mediterranean gas resources to Europe via a shipping corridor of LNG carriers.
Venezuela, Trinidad to meet again in June to discuss Dragon gas project
Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas.
PetroChina, bp awarded 20 year access to Europe's Gate LNG terminal
PetroChina International and energy giant bp have won a tender that will allow each to handle 2 billion cubic meters of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.
Four bidders vie for stake in Exxon LNG terminal in Italy
Four international groups are competing to buy ExxonMobil Corp's majority stake in a liquefied natural gas terminal offshore Italy.
Asian spot LNG prices slide for fifth straight week on low demand
Asian spot liquefied natural gas prices have weakened for the fifth consecutive week on muted demand due to healthy stocks, remaining at their lowest level in two years.
Finland's LNG import terminal fully booked for Q2 and Q3
Finland’s floating storage and regasification unit is fully booked for liquefied natural gas imports in the second and third quarters this year.
As gas reserves wane, Philippines faces rising costs in switch to LNG
With just four years before the Philippines' only gas field is set to run dry, the country has started importing liquefied natural gas, creating a fresh headache for a government struggling to curb high inflation.
German gas group SEFE on track for 30% of LNG in 2023 supply portfolio
German gas importer and trader SEFE said liquefied natural gas was likely to make up 30% of its source of supply as the state-controlled company moves away from pipeline gas which Russia used to supply.
TotalEnergies prepares for Mozambique LNG restart
French energy company TotalEnergies will relaunch its Mozambique LNG project once it has followed the recommendations of a commissioned human rights report that was published.
PetroVietnam Gas signs deal for first LNG cargo from Shell Eastern Trading
PetroVietnam Gas said it had signed a contract to buy Vietnam’s first liquefied natural gas cargo from Singapore-based Shell Eastern Trading.
Germany cannot be relaxed about Baltic LNG capacity, senior official says
Germany cannot be relaxed about the need for LNG terminals in the Baltic Sea, a high-ranking economy ministry official said, a week after plans emerged to scale down the region's Mukran project after local resistance.
Spot LNG price drops to level that's not too hot, not too cold
The spot price of LNG in Asia is in the sweet spot of being low enough to boost buying interest, but not so low that it sparks a surge in demand.
Take the mystery out of running your LNG plant
While process simulation software can be used by plant engineers to calculate the dewpoint temperature of mixed refrigerant, this is of limited use to the plant operators at the control panel in maintaining an appropriate amount of mixed refrigerant superheat as they adjust the plant. To address these challenges, the authors’ company has developed a simplified method of calculating mixed refrigerant superheat that can be programmed in the distributed control system (DCS) and made available to panel operators.
How tech is laying the foundation for future LNG success and compliance
This article details some of the ways LNG operators are embracing and deploying technology to close the gaps that exist in their ESG compliance infrastructures and emerging operational needs.
- 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
