natural gas
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.
China's 2023 natural gas demand may rise 8%
China's natural gas demand this year is expected to grow by 8% from 2022 to 396.4 bcm, an analyst from state-owned oil major CNOOC's research division said at a conference.
Ukraine's 2023/24 winter gas reserves seen in excess of 15 bcm
The volume of natural gas stored in Ukraine for the 2023/24 winter heating season is likely to exceed 15 billion cubic meters, the head of the Ukrainian Naftogaz company.
China gas demand seen up 8% on economic recovery, easing fuel cost
China's natural gas demand this year is expected to grow by 8% from 2022, an analyst from state-owned oil major CNOOC's research division said, a pace higher than analysts' forecasts on the back of cooling gas prices and China's economic recovery.
Norwegian August gas output lags official forecast
Norway's natural gas output fell in August from July and lagged an official forecast, while crude oil exceeded expectations, the Norwegian Petroleum Directorate.
EU launches third round of joint gas purchases
The European Commission launched a third round of joint gas purchases to secure supplies ahead of winter and help make up for Russia's slashing of deliveries.
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.
Low demand could see 20% European gas price fall in summer 2024 compared to current projections
European gas prices are set to fall 20% by mid-2024, compared to the current forward price curve, despite the market recent tightening due to the extensions of gas field maintenance schedules in Norway and strikes at key Australian LNG fields.
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.
Why the volatile South Caucasus is important for gas and oil supplies
Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict.
Egypt approves GASCO project to increase capacity of Western Desert Gas Complex
Cabinet approves GASCO project to increase capacity of Western Desert Gas Complex with fourth production line of 600 MMcf/d.
Russia has produced 410 bcm of natural gas so far this year
Deputy Prime Minister Alexander Novak said that Russia had produced 410 bcm of natural gas so far this year.
U.S. President Joe Biden opposes bill to change natural gas procedures
U.S. President Joe Biden's administration strongly opposes passage of a bill in the House of Representatives that would change procedures for the import and export of natural gas.
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.
Irish planning body rejects major LNG terminal, cites climate plan
Ireland's top planning body has refused permission for a major new LNG terminal, citing the government's greenhouse gas reduction targets, a possibly fatal blow to a project supporters say is essential to the country's energy security.
New FSRU arrives in France as Greenpeace blocks port
A new LNG FSRU arrived in western France morning, a TotalEnergies' spokesperson said, as activist group Greenpeace tried to prevent it from entering port.
ConocoPhillips signs 15-year LNG deal at Gate terminal in Netherlands
ConocoPhillips said it has signed a 15-year LNG throughput deal in the Netherlands, starting in 2031, to secure additional regasification capacity in Europe.
Russian gas exports to Europe via pipeline from Sept. 1-15 down 2% on August
Natural gas exports to Europe from Russia's Gazprom via pipeline edged down 2% in the first half of September compared to average levels in August when supplies were at their highest level this year.
Norway will deliver gas to Europe for as long as needed
Norway will continue to deliver natural gas to Europe for as long as needed while also working to decarbonize the continent's energy systems.
Moldova's energy regulator fines Gazprom unit $1.9 MM
Moldova's energy regulator ANRE has fined a unit of Russia's Gazprom $1.9 MM for not complying with a requirement on the separation of gas transporting activities from those of a supplier.
Sener selected by Gate Terminal to design and build 4th LNG storage tank
Gate Terminal B.V. announces that it has selected VINCI Construction Grands Projets – Entrepose Contracting (tank), Sener (balance of plant) and Sacyr Proyecta (owner engineering services) to execute the expansion of the terminal with a 4th LNG storage tank of 180,000 cubic meters and an additional regasification capacity of 4 BMC per year.
Avenir LNG places LNG bunker trio with Wilhelmsen Ship Management
London-headquartered global energy supplier for small-scale LNG and gas carrier owner Avenir LNG Limited has awarded the management of three LNG bunker vessels to Wilhelmsen Ship Management.
Chevron's Wheatstone LNG facility faced turbine trip
A turbine at Chevron's Wheatstone LNG facility tripped, causing one of the trains, which are units that LNG to operate at 50% capacity.
EU's Simson calls for phase-out of imports of Russian LNG
The European Union must reduce Russian LNG exports and aim to phase them out completely.
- Australia's Woodside Energy to buy US LNG developer Tellurian for $1.2 billion
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
