LNG

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.

Equinor buys Shell's stake in the Linnorm gas discovery

Norway's Equinor said it has agreed to buy Shell's stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.

Latvia utility buys LNG from Equinor

Latvian state-owned utility Latvenergo said it had agreed to purchase six cargoes of LNG from Equinor for delivery via Lithuania's Klaipeda terminal.

Freeport LNG's Texas (U.S.) facility faces problems with upstream gas feed

Freeport LNG's pretreatment facility in Texas (U.S.), immediately reduced production rates due to issues with the upstream gas feed to the facility.

U.S. natural gas prices up 1% on higher demand, record LNG feedgas

U.S. natural gas futures edged up about 1% from a six-month low in the prior session on raised demand forecasts for this week, and as record amounts of gas flowed to LNG export plants.

Pembina Pipeline to buy Enbridge's JV interests for $2.30 B

Pembina Pipeline said it would buy Enbridge's interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $2.30 B.

Germany's Stade LNG project expects floating terminal in February

Germany's emerging LNG terminal in the Elbe river port of Stade expects its floating regasification vessel to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids.

Environmental groups ask lenders to avoid LNG project in Papua New Guinea

Major global lenders should refuse to finance a LNG project in Papua New Guinea to help keep global warming in check, civil society groups said, as some owners tap banks ahead of a final greenlight next year.

New pipelines will bring significant volumes of natural gas to new LNG export terminals

More than 20.0 Bcf/d of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five U.S. LNG export terminals that are currently under construction, according to the Natural Gas Pipeline Project Tracker.

bp challenges U.S. energy regulator's oversight of Venture Global LNG plant

bp has challenged U.S. energy regulators' approvals of a Venture Global LNG export facility, arguing the Federal Energy Regulatory Commission has failed to enforce its regulations.

Two Japan energy companies seek U.S. approvals for Venture Global's CP2 LNG

Two Japanese energy companies, oil and gas producer Inpex Corp and power utility JERA, urged a U.S. energy regulator to give prompt approvals for Venture Global to begin construction on its CP2 LNG project in Louisiana.

Venezuela prods bp, Chevron to revive gas project near Trinidad, Guyana

Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana.

Tellurian Board appoints Daniel Belhumeur as President and Meredith Mouer as General Counsel and Chief Compliance Officer

Tellurian Inc. announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance Officer of Tellurian.

U.S. LNG developer Tellurian ousts co-founder Souki as chairman

Tellurian ousted its chairman and co-founder Charif Souki as an executive officer, weeks after auditors raised doubts about the company's ability to cover future expenses.

U.S. natgas slides to 3-month low on mild weather, Golden Pass LNG delay

U.S. natural gas futures slid about 2% to a three-month low on forecasts for milder weather and lower heating demand as investors worried LNG exports would not grow much in 2024.

Asia-Europe LNG spread at widest level in almost two years

The Asia-Europe LNG spread has hit its widest level in about two years, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.

Asia spot LNG prices fall on continued muted demand

Asian spot LNG prices slightly fell this week on continued lack of interest for spot supply from Northeast Asia players and forecast of weaker prompt gas demand in Europe.

Woodside in talks with Santos to form $52-B Australian gas giant

Australia's Woodside Energy and Santos said they were in preliminary talks to create an $52-B global oil and gas giant, as consolidation among international energy firms intensifies.

Italy's Saipem has completed exit from Russia's Arctic-2 LNG project

Italian energy engineering and construction group Saipem is no longer involved in Arctic-2 LNG, a massive Russian project to build a LNG production site in the Arctic, which was targeted by U.S. sanctions last month.

Asia-Europe LNG spread at widest level in almost a year

The Asia-Europe LNG spread has hit its widest level in about a year, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.

Venture Global LNG expects extended start-up at second plant

A Venture Global LNG export plant due to begin operating in 2024 will undergo a lengthy startup similar to its Calcasieu Pass LNG facility, with customers likely to receive their first cargoes in 2026 at the earliest.

U.S. natural gas prices edge up on colder forecasts, record LNG feedgas

U.S. natural gas futures edged up about 1% on forecasts for colder weather and higher heating demand next week than previously expected and as record amounts of gas flowed to U.S. LNG export plants.

Countries in the Middle East and North Africa supply about one-third of global LNG

Exporting countries in the Middle East and North Africa region supplied nearly one-third (29%) of global LNG exports in 2022, according to data from the International Group of Liquefied Natural Gas Importers.

EnerMech’s fast track expertise safely supports progress of vital LNG projects

EnerMech, and its alliance partner Offshore Technical Services, have been instrumental in helping fast track the first phase of a major project to import LNG to Germany as the country races to reduce its dependence on Russian energy.

Russia's LNG supplies to Europe hit monthly record high in November

Supplies of Russian LNG to Europe reached a monthly high of 1.75 Mmt, while deliveries to China declined.

Australia Pacific LNG resumes production and cargo loading

Production of LNG and the loading of cargoes have resumed at Australia Pacific LNG after a loaded tanker that was stuck at the facility was moved.

Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost bp's

Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while bp and Trinidad's state-owned National Gas Co will increase their stakes in a restructuring agreement to be signed this week.

TES and Toho Gas sign agreement for close collaboration for the value chain of e-NG

TES and Toho Gas Co., Ltd. announce that both companies have signed a comprehensive agreement to explore the development of an e-NG supply chain in order to support Japan’s decarbonization goals.

Australia Pacific LNG deliveries disrupted due to tanker outage

Shipments of LNG from Australia Pacific LNG have come to a halt after a loaded tanker docked at the site lost power.

OMV and Cheniere sign long-term LNG supply agreement

OMV announced the signing of a long-term sale and purchase agreement with US-based company Cheniere Energy, Inc. covering the supply of up to 850,000 tpy of LNG beginning in late 2029.