LNG
U.S. natural gas prices jump 6% on big storage withdrawal, record demand forecasts
U.S. natural gas futures jumped about 6%, on track to close at a two-month high, on a bigger-than-expected storage withdrawal last week and forecasts extreme cold in coming days will boost gas demand to record highs.
Tokyo Gas expects to close sale of Australian LNG assets at end of February 2024
Japan's biggest city gas provider, Tokyo Gas, said it expects to close the planned sale of its stakes in a portfolio of four Australian LNG projects at the end of February.
Vopak consortium selected to operate new LNG terminal in South Africa
South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a LNG terminal at the Port of Richards Bay for 25 years.
Oil, gas lobby group warns against U.S. slowing down LNG approvals
The head of the main U.S. oil and gas lobby group said that if U.S. regulators slow down or stop approving LNG exports, they will put U.S. allies at risk.
Portugal's Galp seeks to join formal complaint against U.S. LNG exporter
Portugal oil and gas firm Galp has asked U.S. regulators to allow it to join bp and Shell's formal complaints against U.S. LNG exporter Venture Global LNG, a filing showed on Tuesday.
Shell anticipates Q4 setback with $4.5B write-down on Singapore assets, despite LNG production rise
Ahead of fourth-quarter results on Feb. 1, the company also said gas trading would be significantly higher than the previous three-month period, while oil trading results were expected to be significantly lower over the same period.
Constellation's Everett takes LNG delivery from Trinidad
U.S. energy group Constellation Energy's Everett LNG import plant in Massachusetts took delivery of LNG from Trinidad over the weekend.
Japan's Kyushu Electric may invest in Lake Charles LNG project in U.S.
Kyushu Electric Power is considering investing in the U.S. Lake Charles LNG project of Energy Transfer, among other projects, to secure a stable supply of the fuel.
Ksi Lisims LNG signs its first supply agreement with Shell
Energy major Shell has entered into a deal to buy 2 MMt of LNG per year from the Ksi Lisims LNG, partners in the Canadian project said.
India's GAIL signs 10-yr LNG purchase deal with Vitol
State-run GAIL Ltd said it has signed a 10-year LNG import deal with trader Vitol to buy about 1 MMtpy of the super-chilled fuel from 2026.
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.
- Credit Agricole says it will not fund two major LNG projects
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
