LNG

Shell's LNG, gas and power trading boss Hill to move on

Shell's head of LNG, natural gas and power trading Steve Hill is leaving the company.

U.S. natgas prices drop 6% to one-week low on small storage withdrawal, mild weather

U.S. natural gas futures dropped about 6% to a one-week low on an expected much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

Asian spot LNG prices inch up on emerging Chinese demand

Asian spot LNG prices inched up this week as temperatures below seasonal normal levels in China pushed buyers back into the market, especially as prices had recently fallen below that of some oil-linked contracts.

Global Project Data

3/7/2024

A snapshot of the global gas processing and LNG project landscape.

Navigating the complex LNG value chain

3/7/2024

Capturing efficiency and visibility across the LNG value chain is possible with modern technologies. This article examines how boundless automation is managing data seamlessly from the field to the edge and into the cloud. This includes a move toward holistic, seamlessly integrated energy logistics software solutions that help operators visualize and manage the LNG value chain from end-to-end.

AG&P LNG acquires 49% stake in Vietnam's Cai Mep LNG terminal

Singapore-based Atlantic, Gulf and Pacific LNG, a unit of U.S. investment and development firm Nebula Energy, has acquired a 49% stake in Vietnam's Cai Mep LNG terminal.

Germany could start refilling gas storage caverns from mid-March

Germany may be able to start filling gas storage facilities ahead of the 2024-25 winter as early as next week, operators group INES said, a task made easier as high levels of gas remain from the heating season that ends this month.

U.S. natural gas prices little changed ahead of federal storage report

U.S. natural gas futures were little changed as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

How boil-off gas APC exceeded expectations at an Australian LNG plant

3/7/2024

The use of advanced process control (APC) technology on LNG liquefaction trains is well accepted with some of the earliest implementations developed in the late 1990s.

Saudi Aramco, UAE's ADNOC in talks to invest in U.S. LNG projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company are in talks to invest in U.S. LNG projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market.

India sees $4.95-B investment for natural gas network in northeast Kashmir

India expects investment of about $4.95 B from companies to build natural gas pipeline infrastructure in its northeastern states and northern federal territories of Kashmir and Ladakh.

Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal

Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy's biggest LNG import terminal from Exxon Mobil, opens new tab and QatarEnergy.

Philippines' top energy firms partner for $3.3-B LNG facility

Three top Philippine energy firms have partnered for the first time to form a large-scale integrated LNG facility, the companies said, in a deal two of them valued at $3.3 B.

LNG developer Tellurian to not extend CEO's employment term

LNG developer Tellurian said it would not renew or extend the employment term of CEO Octavio Simoes beyond June 5, and aims to sell its upstream business as it no longer sees it "a core strategic need"

Low U.S. natural gas prices to dampen prospects for Tellurian asset sale

Low U.S. natural gas prices will hurt Tellurian Inc's ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its LNG project.

U.S. LNG exports fall in February on outage and fewer calendar days

A month-long closure at Freeport LNG plant in Texas (U.S.) and fewer days in the month pushed February U.S. LNG exports 7% lower than in January.

EU's Russian gas exit should be written into law, says Lithuania

Lithuania is calling for the European Union to legislate its commitment to cease dependence on Russian gas by 2027, with the proposal set for discussion among EU energy ministers next week.

Asia spot LNG prices flat as ample inventories weigh

Asian spot LNG was flat this week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand.

PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered in April

PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20.

The U.S. remained the largest liquefied natural gas supplier to Europe in 2023

The U.S. was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.

Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration

Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.

bp asks U.S. regulators to reject Venture Global's permit extension request

bp urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant.

Woodside Energy inks long-term LNG supply deal with South Korea

Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply LNG for more than a decade.

Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.

Qatar's new LNG expansion plans to squeeze out U.S., other rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the U.S. where President Biden paused new export approvals, market experts say.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

U.S. takes lead as top supplier to Europe for crude, diesel and LNG

The United States has taken the top spot as Europe's supplier of crude oil, diesel, and LNG in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.

Vitol and EOG Resources enter into long-term gas supply agreement indexed to Brent pricing

LNG / NGL

Vitol has announced the execution of a natural gas sale and purchase agreement (SPA) with EOG Resources.

Australia's Woodside to sell stake in Scarborough to Japan's JERA for $1.4 B

Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 B, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.

Global LNG—Asia spot prices hit near 3-yr lows as weak demand weighs

Asian spot LNG fell to a fresh low this week, easing to its lowest levels in nearly three years, as weak demand in Asia and Europe weighed on prices.