LNG
Asia spot LNG prices retreats from 7-month high on tepid demand
Asian spot LNG prices retreated from a seven-month high as demand remained muted due to warmer weather and as market players did not envisage production losses from the possible return of strikes in Australia.
Chevron, Australian unions hit snag in deal, workers to meet for possible strike vote
Efforts to finalize a pact to end strikes at Chevron's two Australian LNG plants hit a snag with unions accusing the U.S. energy major of reneging on commitments and potentially gearing up to resume stoppages.
MET Group sets up LNG trading office in Singapore
Switzerland-based energy trader MET Group said it has set up an office in Singapore to focus on LNG trading as well as asset investments in what will be its first office in Asia.
Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy's main LNG import terminal.
Baker Hughes announces milestone electric-LNG Award for ADNOC Ruwais LNG Export Terminal
Baker Hughes announced it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates.
Freeport LNG seeks to restart more of export plant in Texas (U.S.)
U.S. LNG company Freeport LNG sought permission from federal energy regulators to take more steps to return its export plant in Texas to full commercial operation.
Egypt to resume LNG exports this month, minister says
Egypt, which faces growing demand for gas from its population of 105 million, will resume LNG exports this month as planned.
U.S. LNG exports slump in September as plant outages pare output
U.S. exports of LNG fell modestly in September from August as scattered outages at four gas-processing plants led to lower shipments, LSEG vessel tracking data showed.
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.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
