LNG
U.S. LNG export pause leaves EU, industry at odds over energy security
Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new LNG plants, EU energy officials and analysts said, dismissing industry's warnings.
Mitsui records $93 MM more in provisions for sanctioned Arctic LNG 2 project
Japan's Mitsui & Co said it had recorded $93 MM as additional provisions on its investment in Russia's Arctic LNG 2 project sanctioned by the United States, but lifted its full-year profit forecast.
Former Sempra Energy chief behind efforts to salvage Driftwood LNG project
U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.
U.S. House of Representatives to vote on reversing Biden's LNG exports pause
The U.S. House of Representatives will vote next month on a measure to overturn the Biden administration's moratorium on approvals of new liquefied natural gas exports.
U.S. LNG export permit pause may affect Japan's fuel security
Japan's top power generator JERA expects the temporary suspension of U.S. LNG export permits may affect Japan's fuel security, and even the world's, if the issue persists.
Japan worried U.S. pause of LNG export approvals may delay new projects
Japan, the world's second-biggest buyer of LNG, is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States.
U.S. pause on LNG exports raises pressure on Canada, BC to do same
U.S. President Joe Biden's decision to pause expansion of American LNG exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may be politically difficult.
U.S. natural gas prices drop 8% on contract expiry, Freeport LNG unit outage
U.S. natural gas futures plunged about 8% in light trade ahead of the expiration of the February contract on forecasts that demand for the fuel for heating and export would remain low in coming weeks with mild weather and a unit outage at the Freeport LNG export plant in Texas.
QatarEnergy, Excelerate Energy sign 15-year supply LNG deal
QatarEnergy and U.S.-based Excelerate Energy signed a 15-year agreement to supply 1 MMtpa of LNG to be delivered to Bangladesh for 15 years from January 2026.
Reaction to the U.S. decision to pause LNG export reviews
The U.S. paused approvals of pending and future permits to export LNG to non-Free Trade Agreement countries, the biggest buyers of the U.S. fuel, to allow the Department of Energy to review LNG climate impacts.
Companies most affected by U.S. pause on LNG export permits
U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.
U.S. natural gas prices ease 1% on warmer weather forecasts, low LNG feedgas
U.S. natural gas futures eased about 1% on forecasts for the weather to remain warmer than normal through at least the middle of February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.
Freeport LNG faces month-long unit outage due to winter storm
Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather.
Japan's JOGMEC gearing up to support new LNG projects
The Japan Organization for Metals and Energy Security is preparing to give financial assistance to Japanese companies for new LNG projects to ensure a stable supply of the fuel.
Asia spot LNG prices remain flat below $10/mmBtu despite geopolitical risks
Asian spot LNG prices remained below $10 per mmBtu for the second week running, as solid inventories and mild weather continue to outweigh geopolitical risk related to the Red Sea conflict.
LNG developer Tellurian hires investment banker Lazard
LNG developer Tellurian has hired investment banker Lazard Inc amid a search for investors and customers for its Driftwood LNG export terminal.
U.S. to announce climate review of LNG export approvals
The Biden administration is expected to announce that it will begin considering climate impacts in its approvals of new LNG exports, a process that will likely delay decisions on new terminals until after the Nov. 5 presidential election.
Russia's Novatek to load first cargo from Arctic LNG 2 in February
Novatek, Russia's largest producer of LNG, may start loading first cargo from the Arctic LNG 2 plant in February.
U.S. natural gas prices slide 3% on warm forecasts, slow return of LNG feedgas
U.S. natural gas futures slid about 3% on Thursday on forecast for the weather to remain warmer than normal through at least early February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.
White House pauses decision on Louisiana LNG export terminal
The Biden administration is delaying a decision on a Louisiana LNG export project that would be the United States' largest, but which has raised the ire of environmentalists.
Germany's SEFE seeks to expand natural gas business beyond Europe
Fresh from clinching a $54.43-B pipeline gas deal in Norway last month, Germany's SEFE is looking for more suppliers to offer LNG for its customers.
Kinder Morgan remains bullish on natural gas demand growth
Kinder Morgan said it continues to have a bullish outlook for natural gas demand banking on higher demand from LNG export facilities and increased exports to Mexico.
Oilfield firm Baker Hughes beats profit estimates on international demand, LNG bets
U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets.
Qatar delays LNG shipments to Europe amid Red Sea conflict
Qatar, one of the world's biggest LNG exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times.
Japan's 2023 preliminary LNG imports down 8% to lowest in 14 years
Japan's LNG imports fell by 8% to 66.2 MMt last year to the lowest since 2009 following nuclear power restarts and increased use of renewable energy.
U.S. natural gas prices slide 3% to 5-week low on warmer weather forecasts
U.S. natural gas futures slid about 3% to a five-week low on forecasts for demand to keep dropping and output to keep rising as the weather turns warmer than normal through at least early February.
Unclear if Belgium can use EU option to block Russian LNG
It is unclear if Belgium will be able to use the option in an upcoming European Union law to block imports of Russian LNG.
The Gas Vitality LNG bunker vessel completes her 100th LNG bunker operation in Marseille, France
The Gas Vitality LNG bunker vessel celebrated the onset of the New Year by successfully conducting her 100th bunkering operation.
Gas exporting group sees tight global LNG markets until 2026
The Gas Exporting Countries Forum sees tight global LNG markets until 2026 as demand rises 1.5% this year and up to 22% through 2050.
U.S. LNG feedgas cut by Arctic freeze, problems at Freeport LNG
The amount of natural gas flowing to U.S. LNG export plants dropped to a one-year low this week as an Arctic freeze caused some energy firms to divert fuel to the domestic market and Freeport LNG's facility in Texas experienced mechanical problems.
- 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
