LNG
Column: Europe's gas surplus has mostly been eliminated
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.
Russian court orders $1.2 B of Linde UK assets be frozen
A Russian court has ordered that assets worth around $1.15 B of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant.
China’s natural gas consumption, production and imports all increased in 2023
In 2023, 7%, or 2.6 billion cubic feet per day (Bcfd), more natural gas was consumed in China than in 2022, after a decline of 1.1% in 2022 when economic growth was slower, mainly due to China’s zero-COVID policies, leading to a reduction in natural gas consumption.
VTTI completes acquisition of 50% of Dragon LNG
VTTI, an industry leader in energy infrastructure, has completed the acquisition of 50% of Dragon LNG Group Ltd. (Dragon LNG). The other 50% of the terminal is owned by Shell.
Gasum powers Equinor's platform supply vessel with bio-LNG
Gasum is collaborating with Equinor on a series of liquefied biomethane (bio-LNG) bunkering operations in the Port of Dusavik, Stavanger.
Woodside's bid for LNG developer Tellurian unlikely to be rivaled
Woodside Energy, which agreed last month to buy Tellurian, the developer of a fully-permitted U.S. liquefied natural gas (LNG) project, for $1.2 B including debt is unlikely to face a rival bid.
Asia spot LNG prices remain at 7-month high amid Russian supply concerns
Asian spot liquefied natural gas (LNG) prices remained at their highest level in over seven months, tracking European gains amid concerns over supply disruption.
GFI LNG, Pilot LNG form JV to develop Salina Cruz LNG project in Mexico
The Salina Cruz LNG JV will develop, construct and operate an LNG bunkering and transshipment terminal in Salinas del Márquez, Salina Cruz, Oaxaca, Mexico. Strategically located on the Pacific side of the Panama Canal, the project is ideally positioned to supply North and Central American bunker and fuel markets.
Osaka Gas aims to keep annual LNG handling volume at 11.5 MMt
Japanese city gas provider Osaka Gas aims to maintain annual handling volume of liquefied natural gas (LNG) at 11.5 metric MMt in the fiscal 2030 year.
Cheniere Energy misses core profit estimates on lower LNG margins
Cheniere Energy missed 2Q core profit estimates on Thursday, as weaker margins hurt the liquefied natural gas (LNG) producer.
Argent LNG has initial consultation with FERC, moves into pre-filing
Argent LNG is pursuing approval from FERC to begin the environmental pre-filing review for its mid-sized onshore LNG export project in Louisiana (U.S.).
U.S. court overturns FERC's authorization for NextDecade's Rio Grande project
A U.S. court has overturned the Federal Energy Regulatory Commission's (FERC) authorization for NextDecade's Rio Grande LNG project for not issuing a supplemental environmental impact statement
Japan's J-Power partners with Australia's carbon capture developers
Japanese utility Electric Power Development (J-Power) has signed a joint study agreement with two Australian carbon capture and storage developers, deepC Store and Azuli, for a strategic partnership.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Venture Global LNG sues Kiewit, alleges it shared confidential documents with Shell
U.S. LNG company Venture Global LNG sued construction contractor Kiewit, alleging it passed confidential documents to Shell, including proprietary project development, design, configuration methods, and detailed information about the multi-billion-dollar facility's design and construction.
Cheniere strikes 20-yr LNG deal with Portugal's Galp Energia
Cheniere Energy has agreed to supply 500,000 metric tpy of liquefied natural gas (LNG) to a subsidiary of Galp Energia for 20 yr.
Freeport LNG nears end of expansion that will increase output
U.S. liquefied natural gas (LNG) developer Freeport LNG expects to increase production beyond its 15.3-metric MMtpy capacity as it wraps up an expansion project.
U.S. natgas prices rise 3% on rising LNG feedgas and near record heat
U.S. natural gas futures climbed about 3% on Friday as the amount of gas flowing to liquefied natural gas (LNG) export plants rises and on forecasts for near record-breaking heat over the next few days that was on track to boost the amount of gas power generators burn to an all-time high.
Asia spot LNG prices above 7-month high on hot weather, Middle East tensions
Asian spot liquefied natural gas (LNG) prices rose this week to their highest level in more than seven months as high temperatures in Japan and South Korea boosted power demand and amid heightened geopolitical risks due to tensions in the Middle East.
Vietnam's LNG price cap puts gas-fired power target at risk
Electricity-hungry Vietnam wants liquefied natural gas (LNG) to fire 15% of power capacity by 2030 but is unlikely to meet that target as power producers and foreign investors balk at the country's strategy for making the super-chilled fuel affordable.
U.S. LNG exports fall again in July on Freeport LNG's slow restart
U.S. LNG exports plunged in July to the second-lowest level of this year, LSEG ship tracking data showed, as Freeport LNG shut for eight days after suffering damage from Hurricane Beryl.
Crowley accepts delivery of largest U.S.-flagged LNG bunker barge
Crowley has accepted delivery of the LNG bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin (U.S.).
Australia's Origin Energy reports APLNG revenue dip on lower prices, volumes
Shares of Origin Energy marked their biggest intraday loss in eight months on Wednesday after the firm posted a drop in quarterly revenue from its stake in the Australia Pacific LNG project, reflecting a fall in gas sales and prices.
Iberdrola faces up to $535-MM claim from Pavilion in LNG contract dispute
Spanish utility Iberdrola faces claims worth up to $535 MM in an arbitration process launched by Singaporean liquefied natural gas (LNG) company Pavilion Energy over a supply contract.
Woodside awards Monadelphous AUS $200-MM construction contract for Pluto LNG project (Australia)
Engineering company Monadelphous Group Limited announced it has been awarded a AUS $200-MM construction contract with Woodside Burrup Pty Ltd for the Pluto LNG Train 1 facility and associated infrastructure near Karratha in Western Australia.
Asia's LNG imports shift higher as Europe's fades
Asia continues to draw liquefied natural gas (LNG) from Europe with imports in July rising to the most in six months, even as spot prices stayed near seven-month highs.
Pieridae announces sale of Goldboro, equity financing, full repayment of bridge loan, production shut-in
Pieridae Energy Ltd. has completed the sale of its Goldboro assets and has issued notice to repay in full the company’s subordinated secured bridge loan.
Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
This strategic expansion aims to increase Oman's LNG production capacity to 15.2 MMtpy
Asia spot prices slip as Freeport LNG loadings resume
Asian spot LNG prices eased this week amid a resumption of loading at Freeport LNG in the U.S. and rising inventory levels held by major Japanese utilities.
Turkey to sign long-term LNG purchase contracts
Turkey is set to finalise long-term contracts for LNG to cover the 2027-2037 period, aimed at securing approximately 5-6 billion cubic meters of LNG annually, will meet 12-13% of Turkey's energy needs.
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- 236-mile Texas-to-Gulf pipeline reaches FID in $2.3-B LNG expansion push
- Bechtel shares findings of tragic accident at Port Arthur LNG facility
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
