LNG

Asian LNG spot prices inch up as market eyes Australian strikes

Asian spot LNG prices inched up this week as the prospect of possible industrial action at Australian LNG facilities sparked fears it would fuel competition between Asian and European buyers for cargoes.

Pavilion Energy, CNOOC complete first bunker delivery to LNG-powered VLCC

Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first LNG ship-to-ship bunker operation for a very large crude carrier at China's Guangzhou port.

German gas storage operators seek supply boost until 2026/27

Germany must boost gas supply security in the coming four winters after it was cut off from Russian pipeline exports last year, gas storage operators group INES said.

Chevron, Woodside in talks to avert Australian LNG strikes

Chevron and Woodside Energy Group are holding talks with unions to avert threatened strikes over pay and conditions at facilities that together supply about 10% of the LNG market.

Nigeria LNG's force majeure declared in October to continue

Nigeria LNG said the force majeure it declared in October due to widespread flooding that disrupted supply is continuing.

Norway approves connection of Western Europe's largest LNG plant to grid

Norway has approved a plan to connect Equinor's Hammerfest LNG plant to the national power grid in a bid to cut greenhouse gas emissions, despite local opposition.

New Fortress to start operations of second, third Fast LNG units in 2025

New Fortress Energy Inc said the second and third production units of its Fast LNG were under construction and it expects operations to begin in the first quarter of 2025.

Venture Global LNG blasts complaints over lack of LNG cargoes

Venture Global LNG on Monday lashed out at some customers signed up to take LNG cargoes from a Louisiana export facility, claiming they "have chosen to misrepresent confidential long-term contracts."

Egypt's natural gas production declines and power cuts bite

Egypt's natural gas production fell to a three-year low in the first five months of 2023, figures from the Joint Organisations Data Initiative show, raising questions about the country's efforts to position itself as a regional energy hub.

German environmental group sues private LNG terminal in Lubmin

A German environmental group said it had filed a lawsuit against a privately operated LNG terminal on the Baltic coast, saying it causes noise pollution and is too small to be exempted from environmental permits.

Asian LNG spot prices ease slightly as demand remains tepid

Asian spot LNG prices fell slightly this week, as demand in the region remained weak.

ConocoPhillips signs 20-year LNG supply deals with Mexico Pacific

ConocoPhillips has signed 20-year deals to receive a collective 2.2 million tons of LNG a year from Mexico Pacific's Saguaro export facility, the U.S. oil and gas producer said.

Japan's nuclear restarts this year to accelerate LNG import decline

Kansai Electric Power's plans to relaunch the last idle reactor at its flagship nuclear plant, capping a year-long series of restarts, will mark an energy shift in Japan with the sharpest drop in LNG imports since the Fukushima disaster.

India's GAIL close to finalizing Qatar LNG purchase deal

GAIL Ltd is close to finalizing a long-term liquefied natural gas import deal with Qatar to buy at least 1 million metric tons per year, potentially for more than 20 years, three industry and trade sources said.

Cheniere tops earnings estimates despite weaker LNG prices

Top U.S. liquefied natural gas exporter Cheniere Energy Inc reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook.

Qatar natural gas production and exports stable as country eyes expansion

In 2021, Qatar was the world’s sixth-largest dry natural gas producer, the second-largest liquefied natural gas (LNG) exporter, and the third-largest holder of natural gas reserves, according to the data in our recently updated Country Analysis Brief: Qatar.

Germany’s LNG import terminal build up

The EU Commission has approved a $43.9-MM support measure for the land-based liquefied natural gas terminal at Germany's Brunsbuettel on the North Sea, citing its contribution to the security and diversification of supply.

Equitrans U.S. Mountain Valley natural gas pipe on track for end 2023 completion

U.S. energy company Equitrans Midstream said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018.

REV LNG and HOPA continue LNG bunkering in Hamilton with first european vessel

REV LNG, LLC, a New York-based Liquefied Natural Gas services provider and the Hamilton-Oshawa Port Authority recently provided LNG to the Fure Viten, a Furetank vessel under charter by Petro-Nav Desgagnés.

Venture Global LNG's Calcasieu Pass 2 project gets final U.S. environmental nod

Venture Global LNG's proposed Calcasieu Pass 2 project in Louisiana received the U.S. Federal Energy Regulatory Commission's environmental approval, clearing the way for a final vote by the commission on expanding the company's natural gas liquefaction facility.

Asia's LNG demand ticks higher, but Europe's slips, leaving prices muted

Asia's demand for liquefied natural gas ticked up to the most in six months in July but the small increase was partially offset by declining demand in Europe.

bp and OMV sign a 10-year LNG supply agreement

bp and OMV announced the signing of a long-term sale and purchase agreement covering supply of up to 1 million tons of liquefied natural gas per year for 10 years from 2026.

Shell expects Venture Global LNG supply deal to be honored

Top LNG trader Shell expects its agreement with Venture Global LNG to supply liquefied natural gas to be honored, but does not see this happening at the moment, CEO Wael Sawan said.

Shell expects Venture Global LNG sale agreement to be honored

Top LNG trader Shell expects its sale agreement with Venture Global LNG to be honored and does not see this happening at the moment.

Italy's Saipem sees progress towards resuming Mozambique LNG project

Italian energy services group Saipem said efforts to restart a multi-billion-euro LNG project in Mozambique for TotalEnergies were underway but refrained from giving a precise timeline.

Gas producer Wintershall Dea CEO says exiting Russia gets harder by the day

Wintershall Dea's exit from Russia, announced in January, is proving increasingly difficult in an unpredictable business and political environment, Mario Mehren, chief executive of the oil and gas producer said.

EQT in deal with Energy Transfer for Lake Charles LNG export plant

EQT, the biggest U.S. natural gas producer, entered into an liquefied natural gas agreement with U.S. energy firm Energy Transfer's proposed Lake Charles liquefied natural gas export plant in Louisiana.

China policy reform to end losses for city-gas firms on household sales

Policy reform in China will boost profit for city-gas distributors by letting them raise prices for residential sales above costs, after years of selling piped gas to households at a loss, according to utility officials and analysts.

Europe gas supply looking good this winter, Equinor CEO says

Europe's outlook for gas supply is looking good for the coming winter given high gas reserves and plentiful access to supplies, Equinor CEO Anders Opedal told Reuters, but could tighten next summer due to lower reserves.

Naturgy's profit rises on LNG gains, soothing shareholders

Spanish power utility Naturgy reported an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas business, which could help it to win over restive investors.