economics
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.
bp enters third long-term LNG offtake contract from Woodfibre’s British Columbia LNG facility
bp has entered its third long-term LNG offtake contract from the Woodfibre LNG facility based in British Columbia, Canada.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
EU proposes permanent scheme for joint gas purchases
The European Commission has proposed making the EU's scheme for joint gas purchases permanent, after demand exceeded expectations in the policy's first tenders to seek non-Russian fuel.
Thailand regasification capacity to nearly double by 2030
Thailand's annual gas regasification capacity will nearly double by the end of the decade as LNG imports are set to rise to replace declining domestic production.
Global gas prices still seen volatile, even as Europe in a better position
Global gas prices are expected to remain volatile, even though Europe is better positioned heading into winter this year.
Chevron Australia labor row escalates with two-week walkout plan
Workers at Chevron's Gorgon and Wheatstone LNG projects in Australia plan a total strike for two weeks from Sept. 14, a union alliance said on Tuesday, in a significant escalation on disputes over pay and conditions.
MET Group signs energy supply deal with Commonwealth LNG
Switzerland-based energy trader MET Group said it has signed a preliminary agreement with Commonwealth LNG to buy LNG from the U.S. company's facility currently under development in Cameron, Louisiana.
TES partners with Osaka Gas to develop large scale e-NG value chain
TES announced that it has entered into an agreement with Osaka Gas UK to jointly collaborate on developing the e-NG value chain and conduct joint studies on a wide range of e-NG1 related subjects.
Technip Energies launches SnapLNG by T.EN, a solution for low-carbon and accelerated time to market LNG production
Technip Energies presents SnapLNG by T.EN, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production and accelerated time to market with unparalleled certainty and plant reliability.
Black & Veatch expects floating LNG capacity to more than quadruple by 2030
U.S.-based engineering and construction group Black & Veatch said it expects global floating LNG capacity to increase more than four-fold to 46.4 million mtpa by 2030, as they have become competitive with fixed terminals for smaller fields.
The story behind engineering the world’s largest post-combustion carbon capture plant
VPI—a power generator and owner of a 1,260-MW combined-cycle natural gas power plant based in Immingham, UK, adjacent to the Humber Oil refinery—is set to play a pivotal role in decarbonizing the region, as it plans to transform its existing facility into the largest post-combustion carbon capture plant of its type in the world.
Aliso Canyon to store more gas to prevent winter price spikes
California's utilities regulator raised the inventory level of Aliso Canyon natural gas storage to prevent price spikes seen last winter, while seeking to wean the state off the facility that in 2015 caused the biggest gas leak in U.S. history.
Talks to avert strike called as Chevron Australia LNG workers reject deal
Planned work stoppages next week at two of Australia's largest LNG facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.
U.S. natural gas prices up 2% to 3-week high on output decline, hot forecasts
U.S. natural gas futures climbed about 2% to a three-week high on Friday on a drop in daily output and forecasts for continued hot weather.
LNG prices may spike in winter as risks remain, Tokyo Gas exec says
Prices of LNG could spike this winter even with high storage levels in Europe, a Tokyo Gas executive said, as many political and market uncertainties remain.
Canada's Altagas to buy natural gas assets from Tidewater for $650 MM
Canada's Altagas has agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure for $650 MM.
Asian spot LNG prices flat amid more certainty over Australia strike action
Asian spot LNG prices held steady this week as more certainty over potential strike action at LNG facilities in Australia kept buyers on the sidelines from seeking replacement cargoes.
Germany's gas imports fall 17.9% in year 2023 to August
Gas imports into Germany dropped 17.9% year-on-year in January-August 2023, utility industry association BDEW said, pointing to savings resulting from calls to conserve energy after last year's supply crisis.
Three countries began importing LNG this year, and more will follow
Global LNG import capacity is set to expand by 16%, or 23 Bcf/d, by the end of 2024 compared with 2022.
U.S. LNG projects win higher processing fees as interest rates climb
Long-term buyers of U.S. LNG are willingly agreeing to higher liquefaction fees at newer export projects.
Tanzania names new energy minister to oversee LNG development
Tanzania President Samia Suluhu Hassan named a new energy minister as part of a cabinet reshuffle, ahead of expected cabinet approval for a $42-B LNG project.
LNG imports from Russia rise, despite cuts in pipeline gas
European Union countries have increased their imports of liquefied LNG from Russia compared with before the Ukraine war, despite the EU's aim to quit Russian fossil fuels within a few years, an analysis by campaigners showed.
Prospect of strong El Niño weighs on U.S. gas prices
Rapidly forming El Niño conditions over the central and eastern Pacific Ocean have increased the probability of a strong episode this winter that would likely raise temperatures and cut gas consumption in the United States.
Sempra Infrastructure to develop carbon-neutral gas production and LNG supply chain
Sempra Infrastructure, a subsidiary of Sempra, announced an agreement with a consortium comprised of Tokyo Gas Company, Ltd., Osaka Gas Company, Ltd., Toho Gas Company., Ltd. and Mitsubishi Corporation to participate in the evaluation of a proposed project to produce e-natural gas, a form of carbon recycling, in the U.S. Gulf Coast.
Norway's Equinor acquires a stake in U.S. Bayou Bend CCS project
Norwegian oil and gas company Equinor said it has acquired a 25% stake in Bayou Bend CCS LLC, a U.S. project to capture and store CO2 emissions along the Gulf Coast in southeast Texas.
