LNG

Asia spot LNG prices dip to 5-month low as stocks weigh

Asian spot LNG prices slipped to a five-month low this week, extending losses that began in mid-November as mild winter weather and high inventories curbed demand.

Finland orders more gas amid cold spell, record power price

Finland's gas system operator said t had invoked its right to order a rapid extra delivery of LNG to ensure market balance amid a surge in demand driven by a prolonged cold spell that drove up electricity prices.

Asia's LNG imports hit record, but supply surge keeps price muted

Asia's imports of LNG rose to a record in December, but spot prices remained subdued as shipments from top exporters Australia and the United States also hit all-time highs.

Capital Product Partners L.P. takes successful delivery of the LNG carrier ‘Axios II’

Capital Product Partners L.P. , an international owner of ocean-going vessels, announced that it successfully took delivery of the LNG Carrier ‘Axios II’.

Shell backs bp in fight over Venture Global LNG exports

Shell PLC has joined bp PLC in its battle against Venture Global LNG, accusing the LNG producer of denying it and other customers access to supplies while exporting more than $18 B worth of the superchilled gas.

U.S. natural gas prices gain 2% on colder forecasts, record LNG feedgas

U.S. natural gas futures gained about 2% after the long New Year's holiday weekend on forecasts for colder weather and more heating demand this week than previously expected and as record amounts of gas flow to U.S. LNG export plants.

U.S. was top LNG exporter in 2023 as hit record levels

U.S. LNG exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023.

Germany continues to build up LNG import terminals

German utility RWE handed over floating LNG infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal as agreed when first imports arrived 10 months ago.

European imports of Russian LNG fell 1.9% in 2023

Russian exports of LNG to Europe fell 1.9% to 15.8 MMt in 2023, and LNG exports to Asia fell 11% to 14.9 MMt

LNG developer Tellurian hires financial adviser

LNG developer Tellurian said it has hired a financial adviser to assist in balance sheet management.

Asia spot LNG price remains at 4-month low, falls 58% in 2023

Asian spot LNG prices remained at their lowest level in over 4 mos this week on strong inventories, mild weather and weak demand which are all bearish factors that are seen continuing into 2024.

Chatterjee Fund Management boosts stake in LNG developer Tellurian to 7.3%

Chatterjee Fund Management has increased its stake in U.S. LNG developer Tellurian to 7.3%, up from 5.2% previously.

Shell resumes LNG loadings from Prelude facility in Australia

Shell said it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.

NextDecade files to allow TotalEnergies to exit LNG stake

NextDecade has filed for a shelf registration that would allow TotalEnergies to sell its 17.5% stake in the U.S. LNG company over time.

TotalEnergies to restart its delayed Mozambique LNG project in early 2024

French energy firm TotalEnergies plans to restart its long-delayed $20-B Mozambique LNG project in the first quarter of next year.

First output from Venezuela's Dragon gas field expected in 2 years

A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made.

Samsung Heavy says it has stopped making blocks for Russian shipyard's LNG carriers

Samsung Heavy Industries said it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.

Japan's Mitsui to pull employees out of Russia's Arctic LNG 2

Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 LNG project in yet another blow for the project.

China seeks exemption from U.S. sanctions on Russian LNG plant

China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on Russia's Arctic LNG 2 export plant.

Asia LNG prices hit 4-mos low despite supply, geopolitical concerns

Asian spot LNG prices hit their lowest level in over 4 mos this week on strong inventories and weak demand despite supply concerns as more tankers avoid the Red Sea, following attacks launched by Yemen's Houthi group on commercial ships.

Woodside Energy to supply LNG to Pilbara Minerals unit

Woodside Energy said it had signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic LNG from its Pluto Truck Loading Facility in Western Australia.

Global LNG markets seen 'finely balanced' in 2024 as demand under control

New LNG projects coming online this year and high stocks in Europe and North Asia in early 2024 capping demand are seen curbing spot price growth for the next six months as analysts forecast a "finely balanced" market.

Some LNG vessels avoid passing Yemen after Red Sea attacks increase

Several LNG vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

Tokyo Gas unit to buy U.S. natgas producer Rockcliff Energy for $2.7 B

A unit of Tokyo Gas has decided to buy Texas-based natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for $2.7 B to expand its overseas business.

QatarEnergy CEO says new LNG supply deals 'imminent'

QatarEnergy expects to agree new long-term liquefied natural gas supply deals in Asia and Europe, with several "imminent".

Vietnam awards license to Tokyo Gas, partners to build $2-B LNG power plant

Vietnam awarded an investment license to a consortium of Tokyo Gas, Kyuden International and Truong Thanh Group to build a $1.99-B LNG-fired power plant in its northern province of Thai Binh.

Germany's SEFE seeks US approval for Venture Global's CP2 LNG project

The German state-owned Securing Energy for Europe GmbH has become the third company to seek approval from the U.S. energy regulator for LNG developer Venture Global to begin construction on its CP2 LNG project in Louisiana.

U.S. natural gas prices climb 4% to one-week high with rising demand

U.S. natural gas futures climbed about 4% to a one-week high on forecasts for higher demand next week than previously expected and as record amounts of gas flow to LNG export plants.

Freeport LNG settles with U.S. EPA over safety failures for June 2022 Texas blast

Freeport LNG, which operates the second-largest U.S. LNG export plant in Texas, agreed with the U.S. Environmental Protection Agency to settle safety violations related to a June 2022 blast that caused some $275 MM in damage to the facility.

Differing LNG outlook stalls Shell talks on gas project with Venezuela

A disagreement between Shell PLC and Venezuela's state company PDVSA over future LNG prices has gridlocked talks on a license for Shell and Trinidad and Tobago's National Gas Company to operate a Venezuelan gas field.