LNG

IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security

Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.

Japex lifts FY22/23 profit forecast on higher natural gas prices

Japan Petroleum Exploration Co. Ltd. (Japex) has lifted its full-year net profit forecast by 13% on higher selling prices of natural gas and electricity to domestic customers, and also raised its annual dividend estimate.

Oman LNG inks deal to supply China's Unipec with 1 metric MMtpy of LNG

Oman LNG has agreed to supply China's Unipec with ~1 metric MMtpy of liquefied natural gas (LNG) per year for four years starting in 2025.

Sapphire Gas Solutions delivers over 100 MMg of LNG to the asphalt pavement industry

Sapphire Gas Solutions has helped producers nationwide meet their environmental, social and governance goals by drastically reducing emissions from asphalt plants using purified methane in the form of LNG as the primary fuel source.

Woodside, partners to pick plan for Timor Sea Sunrise gas project soon

Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.

Bangladesh could buy 10–12 spot LNG cargoes in Feb–June

Bangladesh will buy 10–12 spot LNG cargoes between February and June if prices soften further, an energy adviser to the prime minister told Reuters on Monday, in a reversal of a government decision last year to halt spot purchases after prices spiked.

Asian spot LNG prices decline, but enough to tempt buyers?

The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn't enough to buoy spot prices.

U.S. natural gas futures gain 2% on colder forecast for this week

U.S. natural gas futures rose about 2% on Monday from a 25-month low in the prior session on forecasts for colder weather and higher heating demand this week than previously expected.

Trinidad's Energy Minister to begin talks on gas deal in Caracas

Trinidad and Tobago's Energy Minister met Venezuelan officials on Monday, according to Venezuela's state media, the first high-level visit since the United States last month green-lighted the joint development of a key offshore gas project.

Freeport LNG seeks U.S. approval to load LNG onto ships at Texas export plant

Freeport LNG, the second biggest U.S. LNG exporter, sought approval from federal regulators to start loading LNG onto ships at its long-idled export plant in Texas, according to a filing made available on Thursday.

Shell still taking LNG cargoes from Russia under Novatek contract

The world's largest LNG trader agreed a more than 20-year deal in 2015 for Novatek to supply around 900,000 tpy from the Yamal LNG plant in Siberia.

Number of ships loading LNG in Spain doubled in 2022

The number of ships loading LNG in Spain and taking it across Europe doubled in 2022 compared with the previous year, helping ease the energy crisis driven by Russia's invasion of Ukraine.

Japan's Kobe Steel, JERA launch new power units

Japan's biggest power generator JERA and steelmaker Kobe Steel Ltd launched two power units — a natural gas-fired and a coal-fired, respectively — the companies said.

Executive Q & A: How oil & gas companies can navigate the energy transition

2/1/2023

Gas Processing & LNG had the opportunity to speak with Alexandra Gajewski, Vice President, Energy Transition Solutions for Quorum Software, to discuss environmental, social and governance (ESG) and energy transition strategies.

Using the over-the-counter markets to navigate the shifting LNG landscape

1/1/2023

The considerable disruption in today’s natural gas markets should come as no surprise.

Ensuring efficiency and reliability of grid-connected eLNG plants

12/1/2022

Electric motor-driven main refrigeration trains [i.e., electric LNG (eLNG)] continue to emerge as a powerful decarbonization pathway for LNG project stakeholders.