LNG

U.S. natural gas prices fall 3% on mild weather, lower winter prices

U.S. natural gas futures fell about 3% on forecasts for lower demand due to milder weather over the next two weeks and longer over the upcoming winter.

Cheniere Energy's gas intake at Texas LNG plant down for fourth day

Gas flows to Cheniere Energy's Corpus Christi, Texas, LNG export plant were reduced for a fourth consecutive day, according to data provider LSEG.

Asia spot LNG prices hit 7-month high on rising demand, Europe supply worries

Asian spot LNG prices rose for a third week, gaining $1 to a seven-month high, amid increased demand in Asia and supply concerns in Europe.

Saudi Aramco enters the global LNG industry

Saudi Arabia's oil group Aramco said it had agreed to acquire a strategic minority stake in LNG company MidOcean Energy for $500 MM, with an option to increase the size of the shareholding.

Cheniere Energy cuts intake at 2 US LNG plants by 1 Bft3d

The largest U.S. LNG producer, Cheniere Energy, reduced its combined feed gas intake at two of its plants by about 1 Bft3d, according to data provider LSEG.

Japan's industry ministry sees LNG stocks recovering towards winter

LNG stocks held by Japan's major electricity utilities will likely increase towards the peak winter demand season, the industry ministry said, after stocks fell to their lowest since early 2021.

QatarEnergy, Korea's HHI sign $3.9-B deal for 17 LNG carriers

QatarEnergy said it had signed a $3.90-B deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.

Worley awarded FEED for QatarEnergy LNG’s largest CO2 sequestration project

Worley has been selected to develop the Front-End Engineering Design for QatarEnergy LNG’s CO2 sequestration project in Ras Laffan, Qatar.

U.S. natural gas prices up 1% as warmer forecasts boost power demand

U.S. natural gas futures edged up about 1% on forecasts for warmer-than-normal weather in early October that should prompt power generators to burn more gas to keep air conditioners humming.

Mexico's first LNG plant to receive final piece in days

The last major piece of infrastructure needed to start production at Mexico's first floating LNG plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers.

U.S. natgas prices fall 5% on lower LNG feedgas, weekend storm

U.S. natural gas futures fell about 5% to a one-week low due to forecasts for milder weather than previously expected, a potential demand destroying storm on the East Coast this weekend and a decline in the amount of gas flowing to LNG export plants.

Strikes end at Chevron's Australian LNG facilities

An Australian union alliance called off strikes at Chevron's two major local LNG projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies.

Asia spot LNG prices notch up amid spot buys, easing Japan inventories

Asian spot LNG prices rose $1 this week due to buying activity by China and India, easing inventory levels in Japan and higher oil prices.

Chevron accepts Australian labor tribunal's terms to end strike at LNG plants

Chevron said it has the accepted recommendations from Australia's labor regulator to end its dispute with unions at its LNG facilities in Western Australia.

NextDecade secures $356-MM loan for Rio Grande LNG Phase 1

NextDecade said it has received a loan worth $356 MM from a group of lenders to finance a portion of the Phase 1 of its Rio Grande LNG export facility in Texas.

Berkshire Hathaway Maryland Cove Point LNG export plant shut

The amount of natural gas flowing to U.S. energy firm Berkshire Hathaway Energy's Cove Point LNG export plant in Maryland fell to near zero on Wednesday, a sign that the plant likely shut for work expected to start on Sept. 21.

German Mukran LNG import terminal seen ready by first quarter

A new floating reception terminal for LNG off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection.

Years of limited gas supply spell price spikes, Equinor says

A protracted lack of supply in the gas market means even minimal disruption will cause prices to spike, a senior executive at Equinor, Europe's largest supplier of natural gas.

Australia tribunal to rule on Chevron LNG strikes after talks fail

Fresh talks between Chevron and unions over strikes at two LNG facilities in Western Australia ended without a deal leaving it up to a workplace tribunal to map a way forward.

Japan says it will ensure stable energy supply after U.S. sanctions related to Arctic LNG-2 project

Japan will ensure stable and steady energy supply to the country in the wake of fresh U.S. sanctions related to Russia's Arctic LNG 2 LNG project.

LNG crucial to German energy strategy

Germany must strengthen rather than abandon the LNG capability built last year to retain energy diversity in the face of continued fragility of supply.

U.S. natgas prices up 2% to two-week high on daily output drop

U.S. natural gas futures climbed about 2% to a two-week high with a drop in daily output and as the amount of gas flowing to the country's LNG export plants increases after Freeport LNG's facility in Texas returned to near full service over the past few days.

Chevron's strike-hit Australia LNG facility resumes full production

Chevron said full production had resumed at its strike-hit Wheatstone LNG facility in Western Australia after a fault last week cut production by about one-fifth.

Irish planning body rejects major LNG terminal, cites climate plan

Ireland's top planning body has refused permission for a major new LNG terminal, citing the government's greenhouse gas reduction targets, a possibly fatal blow to a project supporters say is essential to the country's energy security.

Chevron LNG strikes to have limited near-term impact on U.S. gas prices

The strikes at Chevron's LNG plants in Australia will likely have limited near-term impact on U.S. gas prices as domestic demand remains low.

Venture Global CEO says court battles are not slowing the company's LNG projects

Venture Global LNG's chief executive insisted recently that the company's development of U.S. LNG plants has not been slowed by international court battles over its failure to deliver cargoes to contract holders, including BP and Shell.

U.S. natgas prices edge up 1% on rising feedgas to Freeport LNG in Texas (U.S.)

U.S. natural gas futures edged up around 1% as the amount of gas flowing to the country's LNG export plants increases after Freeport LNG's facility in Texas returned to near full service over the past few days.

New FSRU arrives in France as Greenpeace blocks port

A new LNG FSRU arrived in western France morning, a TotalEnergies' spokesperson said, as activist group Greenpeace tried to prevent it from entering port.

ConocoPhillips signs 15-year LNG deal at Gate terminal in Netherlands

ConocoPhillips said it has signed a 15-year LNG throughput deal in the Netherlands, starting in 2031, to secure additional regasification capacity in Europe.

Asian spot LNG prices inch up as market eyes Australia strikes

Asian spot LNG prices inched up this week amid supply concerns as workers at Chevron's Australia LNG projects escalated industrial action and as feedgas intake at U.S. Freeport dropped below normal capacity.