economics
Freeport LNG feedgas intake cut for fifth day
Freeport LNG's natural gas intake at its plant in Texas fell to zero, marking a fifth straight day of operating well below capacity according to LSEG data and suggesting a persistent outage at the plant.
Sempra Infrastructure completes sale of non-controlling interest in Port Arthur LNG Phase 1 to KKR
Sempra Infrastructure announced that it has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG Phase 1 project to KKR.
The United States exported more LNG than any other country in the first half of 2023
The United States exported more LNG than any other country in the first half of 2023 (1H23), according to data from CEDIGAZ.
Freeport LNG gas intake remains well below capacity, at about 695 mcf
Freeport LNG's natural gas intake remained well below capacity for a fourth day, at about 695 million cubic feet.
Australia tribunal sets Sept 22 as date for Chevron LNG dispute hearing
The dispute between Chevron and workers at its two LNG in Australia will be heard by the industrial relations tribunal on Sept. 22, potentially offering a resolution to strikes which began last Friday.
North Africa will be Italy's key gas supplier for years, Eni top exec says
Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources said, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects.
Work delays behind Troll gas field maintenance extension, Equinor says
A planned maintenance outage at Norway's Troll field, Western Europe's largest, has been extended as scheduled work is taken longer than expected.
Feedgas flows to U.S. Freeport LNG drop sharply
Feedgas flows to Freeport LNG, the second-largest U.S. LNG exporter, dropped sharply over the weekend and were still down for the third day in a row.
Tellurian drops equity-ownership condition for Driftwood LNG project
Tellurian Inc will sell LNG supplies to non-equity holders to bring its long-delayed Driftwood LNG project to fruition.
Russia's Gazprom to launch two Amur gas processing lines in 2024
Gazprom, Russia's largest natural gas company, plans to launch two more processing lines at the Amur gas processing plant early next year.
Chevron gambles on untested laws to halt Australia LNG strike action
Chevron Australia no longer expects to reach a deal with unions and will instead pursue an untested legal strategy to stop industrial action at its Gorgon and Wheatstone LNG facilities as unions prepare for full scale strikes.
EU has no immediate plans to ban Russian LNG, says Spain's Ribera
The European Union has no short-term plan to ban Russian LNG despite soaring imports to the bloc, Spain's energy minister said, citing fears of another price spike.
Strikes start at major Chevron Australia LNG projects, no talks planned
Workers at Chevron's LNG projects in Australia went on strike after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.
Asian spot LNG prices slip on tepid demand, Australia strike offers no support
Asian spot LNG prices inched down this week on tepid demand, even as supply concerns deepened after workers at Chevron's Australia LNG projects went on strike.
Spain relying on Russian gas as overall imports fall
Spain is increasingly relying on Russian natural gas even though its overall imports are falling.
German parliament passes bill phasing out oil and gas heating systems
Germany's lower house of parliament passed a bill on phasing out oil and gas heating systems after months of wrangling, but the watered-down bill means the sector's 2030 climate goal cannot be reached.
LNG suppliers pin hopes on China for long-term demand
Suppliers of LNG are betting on China to drive demand for the super-chilled fuel over the longer term despite last year's slowdown, as the country locks in multi-year supply deals.
JERA sees muted impact on LNG prices from potential strike in Australia
Japan's JERA, one of the world's biggest buyers of LNG, expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand.
Buoyant LNG industry bets it's in the energy mix for decades
The LNG industry has changed its tune from saying it is a transition fuel on the path to net-zero emissions, to believing it is an integral part of the solution and will be necessary for decades to come.
Chevron LNG workers in Australia to further delay planned strikes
Workers at Chevron's liquefied natural gas facilities in Australia have agreed to further delay a planned strike to later on Friday.
Chevron, unions in final talks before planned Australia LNG strikes
Chevron and a union alliance are holding a final round of talks before planned strike actions at two major LNG facilities in Australia as ongoing disputes over pay and conditions remained unresolved.
India seeks more natural gas amid emergency measures to end blackouts
India is seeking additional volumes of natural gas and has asked utilities to expedite completion of power plant maintenance, as part of emergency steps to stop electricity outages.
Asian buyers to mop up LNG supply surge in next 5 years
Asian buyers will quickly absorb a surge in supplies of LNG coming to market over the next five years.
UAE's ADNOC to proceed with Habshan carbon capture project
ADNOC said it had reached a final investment decision to develop the Habshan carbon capture project.
Exxon eyes China LNG downstream opportunities
Energy major ExxonMobil sees China as a strong long-term growth market for LNG despite a recent slowdown in demand there and is looking at potential downstream opportunities in the country.
Japan's Inpex interested in buying U.S. LNG linked to Henry Hub prices
Inpex, Japan's top oil and gas producer, is interested in buying LNG from the United States linked to the Henry Hub prices.
Tellurian and Baker Hughes announce agreement for Driftwood LNG Phase 1 liquefaction equipment
Tellurian Inc. and Baker Hughes announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project.
Venture Global and Baker Hughes announce expanded master equipment supply agreement
Venture Global LNG announced its long-term expansion plan to increase production from 70 mtpa to more than 100 mtpa of nameplate LNG export capacity.
Asian LNG buyers face volatile market until 2026
Asian LNG buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility.
Ministers, CEOs and global business leaders commit to unified industry action towards net zero on opening day of Gastech 2023
Gastech 2023, the world’s largest meeting place for natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies, opened today welcoming record-breaking numbers to Singapore EXPO.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Indonesia regulator confirms disruption at bp's Tangguh LNG project
- Toyo awarded EPC contract for Dahej LNG terminal (India)
