LNG
Asia spot LNG prices flat as ample inventories weigh
Asian spot LNG was flat this week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand.
PetroVietnam Gas seeks to buy 2 LNG cargoes, the first to be delivered in April
PetroVietnam Gas is seeking to buy two LNG cargoes, with the first to be delivered April 1-20.
The U.S. remained the largest liquefied natural gas supplier to Europe in 2023
The U.S. was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.
Endesa's CEO upbeat about $585-MM Nigerian LNG contract arbitration
Endesa CEO Jose Bogas said he was optimistic about the outcome of a $585-MM arbitration case related to a price review of a long-term LNG supply contract in Nigeria.
bp asks U.S. regulators to reject Venture Global's permit extension request
bp urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant.
Woodside Energy inks long-term LNG supply deal with South Korea
Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp to supply LNG for more than a decade.
Global LNG demand seen rising in 2024 from China, Europe
Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.
Qatar's new LNG expansion plans to squeeze out U.S., other rivals
Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the U.S. where President Biden paused new export approvals, market experts say.
MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative
Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.
U.S. takes lead as top supplier to Europe for crude, diesel and LNG
The United States has taken the top spot as Europe's supplier of crude oil, diesel, and LNG in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.
Vitol and EOG Resources enter into long-term gas supply agreement indexed to Brent pricing
Vitol has announced the execution of a natural gas sale and purchase agreement (SPA) with EOG Resources.
Australia's Woodside to sell stake in Scarborough to Japan's JERA for $1.4 B
Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 B, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.
Global LNG—Asia spot prices hit near 3-yr lows as weak demand weighs
Asian spot LNG fell to a fresh low this week, easing to its lowest levels in nearly three years, as weak demand in Asia and Europe weighed on prices.
QatarEnergy names the first carrier of its LNG expansion’s fleet the Rex Tillerson
QatarEnergy has named the first LNG carrier to be delivered as part of its new LNG fleet expansion program the “Rex Tillerson” in recognition of the former Chairman and Chief Executive Officer of Exxon Mobil Corporation (ExxonMobil), who also served as the 69th U.S. Secretary of State.
bp's Tangguh LNG Train 3 resumes operations after week-long outage
The third train of bp's Tangguh liquefied natural gas (LNG) facility in West Papua, Indonesia has resumed operations after an outage of about a week.
Gasum procures SEFE LNG cargo to the Inkoo FSRU terminal
Nordic energy company Gasum has delivered a cargo of liquefied natural gas (LNG) to the Inkoo floating storage regasification unit (FSRU). At the FSRU, the LNG is regasified and fed into the Finnish gas pipeline grid.
Venture Global, Grain LNG sign new deal further strengthening the security of natural gas supply to the UK
Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG.
IEEFA: Three reasons the U.S. LNG pause does not threaten South Korea’s energy security and transition
Since the U.S. Biden Administration announced the temporary pause on new liquefied natural gas (LNG) export approvals early this year, many Asian countries have expressed concerns about the potential disruption in energy security and decarbonization goals.
Equitrans delays WV-VA Mountain Valley natgas pipe again, boosts cost
U.S. energy firm Equitrans Midstream delayed the completion date for its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter of 2024 from the previous estimate of the first quarter.
China's CNOOC receives approval for second LNG berth at Yancheng port
Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange.
El Niño pushes real U.S. gas prices to multi-decade low
Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.
Democratic U.S. senator opposes Biden pause on LNG exports
Democratic U.S. Senator Michael Bennet opposes President Joe Biden's decision to pause approvals of new exports of LNG, saying that it could undercut U.S. efforts to supply gas to Europe as it replaces Russian exports.
Pavilion Energy, Rio Tinto complete ship-to-ship LNG bunkering operation
Singapore's Pavilion Energy has completed a ship-to-ship LNG bunkering operation with global mining giant Rio Tinto via the newly built Brassavola bunker vessel, marking the vessel's first ship-to-ship LNG bunkering operation.
Equinor signs 15-year LNG deal with India's Deepak Fertilizers
Norway's Equinor said it had signed a 15-year agreement to supply LNG to India's Deepak Fertilizers from 2026.
Venture Global seeks extension for completion of Calcasieu Pass LNG
Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing with the U.S. Federal Energy Regulatory Commission.
Tellurian shares rise on U.S. permit extension to construct Driftwood LNG plant
Cash-strapped Tellurian Inc won a three-year permit extension to complete construction of its Driftwood LNG export plant, a boost for the long-delayed liquefied natural gas project.
U.S. regulators approve Mexico Pacific LNG's Saguaro connector pipeline
U.S. energy regulators approved a cross-border pipeline that would export about 2.8 Bcfd of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.
Shell's lofty ambitions for Asian LNG demand face price hurdle
Shell's forecast that global demand for LNG will surge by more than 50% by 2040 is both bold and questionable, with some of the underlying assumptions not supported by current trends, especially in the key Asia markets.
U.S. House passes bill to reverse Biden's LNG pause
A bill to strip the power of President Joe Biden's administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday, but faces an uphill battle in the Senate.
FERC greenlights methane export pipeline for large-scale LNG supply to China via Mexico's Pacific Coast
In a split decision handed down today, the Federal Energy Regulatory Commission issued a Presidential Permit and granted authorization to allow Oklahoma-based Oneok Inc. to build the Saguaro natural gas export Pipeline.
- 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
