LNG
Japan's February LNG imports fall 5.9% on storage withdrawals
Japan's imports of LNG dropped 5.9% in February from a year earlier, data released by the Ministry of Finance showed, as power producers drew LNG from storage and boosted use of renewable energy.
U.S. natural gas prices climb 2% to 1-week high on higher demand forecasts
U.S. natural gas futures rose about 2% to a one-week high on forecasts for higher demand over the next two weeks than previously expected.
Osaka Gas sees little impact from Freeport LNG's partial shutdown
Japan's Osaka Gas expects to see little impact on its balance of supply and demand for LNG from a partial shutdown of U.S. Freeport LNG's facilities.
IKAV, VTTI buy majority stake in Italy's biggest LNG terminal
Dutch infrastructure group VTTI and German asset manager IKAV have teamed up to buy a majority stake in Italy's biggest LNG terminal.
U.S. natgas prices slide 2% on forecasts for milder weather, lower demand
U.S. natural gas futures slid about 2% on forecasts for milder weather and less heating demand next week than previously expected and ample amounts of gas in storage.
Gazprom's unit buys former Shell stake in Sakhalin Energy for $1 B
Kremlin-controlled energy giant Gazprom has acquired a 27.5% stake, formerly owned by Shell, in Russian LNG producer Sakhalin Energy for around $1 B, according to a government order.
Enbridge to form natural gas supply venture connecting Permian and Gulf Coast (U.S.)
Canadian pipeline operator Enbridge said it would form a venture with I Squared Capital and pipeline firms WhiteWater and MPLX to connect Permian supplies to the U.S. Gulf Coast to tap into strong LNG demand for exports.
Russia's Gazprom ships first LNG cargo from Portovaya to Spain
Russia's Gazprom shipped a cargo of LNG from its small-scale Portovaya LNG plant on the Baltic Sea to Spain for the first time.
Woodside seeks better terms to develop Trinidad's Calypso gas project
Australian oil and gas producer Woodside Energy would like to see improved fiscal terms from the Trinidad and Tobago government before committing to develop a deep-water natural gas project there.
Sixteen Republican-led U.S. states sue federal government over ban on LNG permits
Sixteen Republican-led states filed a lawsuit to challenge the federal government's ban on approving applications to export LNG, saying the federal government lacks the authority to broadly deny those permits.
ExxonMobil ahead of schedule on doubling LNG portfolio, exec says
ExxonMobil is ahead of schedule with its plan to double the size of its LNG portfolio to 40 MMtpy by 2030 and will focus on selling its own gas rather than trading that of third parties.
U.S. gas producers shrug off low prices, bet on LNG boom
Energy executives say they are looking past current ultra-cheap gas prices and betting on a coming wave of new LNG plants to lift demand - and prices - for the fuel.
Asia spot LNG gains on supply concerns, steady demand
Asian spot LNG prices edged up this week to a six-week high amid supply concerns and following some spot demand pickup from buyers.
U.S. natgas prices ease 1% to three-week low on mild forecasts
U.S. natural gas futures eased about 1% to a three-week low on forecasts for milder weather over the next two weeks than previously expected, ample gas in storage and expectations gas flows to LNG export plants would remain low through May due to outages at Freeport LNG's plant in Texas.
LNG growth to be met by other countries if U.S. walks away -Baker Hughes CEO
If the U.S. pulls back from permitting new LNG export plants, demand for the fuel will still be met from projects in Qatar, Argentina and Africa, said the CEO of Baker Hughes, Lorenzo Simonelli.
Trinidad seeks U.S. license for bp gas project shared with Venezuela
The government of Trinidad and Tobago has begun talks with the U.S. for a license that would allow the joint development of a natural gas project shared with Venezuela that also involves bp.
Lower LNG prices trigger surge in Asian spot market purchases
Price-sensitive LNG buyers from China, India and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years.
German Stade LNG hub agrees on land-based terminal from 2027
Backers of the LNG terminal in Germany's Elbe river port of Stade have taken a final decision to build a land-based terminal from 2027, costing around $1.1 B.
Venture Global approved to re-introduce hazardous fluids at Louisiana (U.S.) LNG plant
U.S. LNG company Venture Global LNG received U.S. regulatory approval to re-introduce hazardous fluids into "HRSG 372" at the company's Calcasieu Pass LNG export plant in Louisiana.
Freeport LNG plans to raise production 10% by June
Freeport LNG said that it will increase its production of LNG at its Texas (U.S.) facility by June and is working on installing additional compressor capacity across its three trains.
Freeport LNG says Trains 1, 2 at Texas (U.S.) facility seen shut until May
Freeport LNG said its Train 2 liquefaction unit at the Texas plant has been shut down, while Train 1 will be taken down imminently as it expects inspections and any subsequent repairs at both the units to be completed by May.
Natural gas intrastate pipeline capacity additions outpaced interstate additions in 2023
In 2023, 5.2 Bcfd of natural gas intrastate pipeline capacity was added in the U.S., according to EIA's recently updated Natural Gas Pipeline Projects Tracker and are within a single state and are regulated by state agencies.
Petronas starts construction of floating LNG facility for Argentina
Malaysia's state energy firm Petronas has begun the construction of a floating LNG processing unit to be placed off the coast of Argentina, which aims to begin exports by 2027.
Global LNG market will 'be tight' until 2026 - TotalEnergies CEO
The global LNG market will be tight until 2026, Patrick Pouyanne, CEO of TotalEnergies, said at a conference in Houston.
Europe requires greater infrastructure to cut reliance on Russian gas
Europe will need to come up with more infrastructure if it is to replace Russian gas as thoroughly has it has crude oil, oil and gas executives said at an energy conference.
CERAWeek - Lower LNG prices should boost gas demand, executives say
LNG prices have fallen about a third over the past nine months, propping up demand, which should tighten the LNG market in the near-term, executives said at the CERAWeek energy conference.
Ukraine has no plan to extend Russian gas transit deal
Ukraine said it does not plan to prolong a five-year deal with Russia's Gazprom on the transit of Russian gas to Europe or to sign another one.
Venture Global LNG to buy fleet of vessels
Venture Global LNG said it would acquire a fleet of nine LNG transport vessels, expanding its ability to sell and ship its own cargoes.
LNG developer Tellurian to explore sale among other options, CEO steps down
Tellurian said it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the LNG developer's efforts to keep its Driftwood export project alive.
Germany's Stade LNG terminal to receive first vessel
Germany's LNG terminal in the Elbe river port of Stade expects its first floating regasification vessel to arrive, the state-appointed manager of regasification terminals said.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
