natural gas
Ksi Lisims LNG signs its first supply agreement with Shell
Energy major Shell has entered into a deal to buy 2 MMt of LNG per year from the Ksi Lisims LNG, partners in the Canadian project said.
U.S. natural gas producers seek to balance production cuts, demand rebound
The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the downside and upside next year as it seeks to find an equilibrium.
India's GAIL signs 10-yr LNG purchase deal with Vitol
State-run GAIL Ltd said it has signed a 10-year LNG import deal with trader Vitol to buy about 1 MMtpy of the super-chilled fuel from 2026.
Asia spot LNG prices dip to 5-month low as stocks weigh
Asian spot LNG prices slipped to a five-month low this week, extending losses that began in mid-November as mild winter weather and high inventories curbed demand.
Finland orders more gas amid cold spell, record power price
Finland's gas system operator said t had invoked its right to order a rapid extra delivery of LNG to ensure market balance amid a surge in demand driven by a prolonged cold spell that drove up electricity prices.
Asia's LNG imports hit record, but supply surge keeps price muted
Asia's imports of LNG rose to a record in December, but spot prices remained subdued as shipments from top exporters Australia and the United States also hit all-time highs.
Capital Product Partners L.P. takes successful delivery of the LNG carrier ‘Axios II’
Capital Product Partners L.P. , an international owner of ocean-going vessels, announced that it successfully took delivery of the LNG Carrier ‘Axios II’.
Shell backs bp in fight over Venture Global LNG exports
Shell PLC has joined bp PLC in its battle against Venture Global LNG, accusing the LNG producer of denying it and other customers access to supplies while exporting more than $18 B worth of the superchilled gas.
Russian gas exports to Germany down by a third in 2023
Russian gas exports to Germany down by 32.6% in 2023, mainly as Germany saved on energy and imported less after Russia cut off westbound shipments the previous year.
U.S. natural gas prices gain 2% on colder forecasts, record LNG feedgas
U.S. natural gas futures gained about 2% after the long New Year's holiday weekend on forecasts for colder weather and more heating demand this week than previously expected and as record amounts of gas flow to U.S. LNG export plants.
Russia's Gazprom breaks daily record for gas supply to China
Russian energy giant Gazprom said it set a new daily record the previous day for gas supplies to China through the Power of Siberia pipeline.
U.S. was top LNG exporter in 2023 as hit record levels
U.S. LNG exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023.
Germany continues to build up LNG import terminals
German utility RWE handed over floating LNG infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal as agreed when first imports arrived 10 months ago.
U.S. natural gas prices see biggest annual drop since 2006
U.S. natural gas futures slipped and recorded their biggest percentage fall for the year since 2006, under pressure from record production, ample inventories in storage and relatively mild weather conditions.
Russian pipeline gas exports to Europe down 56% in 2023
Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 bcm in 2023.
European imports of Russian LNG fell 1.9% in 2023
Russian exports of LNG to Europe fell 1.9% to 15.8 MMt in 2023, and LNG exports to Asia fell 11% to 14.9 MMt
Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada's CDPQ
Engie Brasil said it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec for $641 MM.
Spain's gas demand falls for second year, down 11% as renewables hit record
Spain's consumption of natural gas dropped for the second year in a row in 2023, falling almost 11% as the country used more renewable sources to produce electricity.
LNG developer Tellurian hires financial adviser
LNG developer Tellurian said it has hired a financial adviser to assist in balance sheet management.
Asia spot LNG price remains at 4-month low, falls 58% in 2023
Asian spot LNG prices remained at their lowest level in over 4 mos this week on strong inventories, mild weather and weak demand which are all bearish factors that are seen continuing into 2024.
Chatterjee Fund Management boosts stake in LNG developer Tellurian to 7.3%
Chatterjee Fund Management has increased its stake in U.S. LNG developer Tellurian to 7.3%, up from 5.2% previously.
Shell resumes LNG loadings from Prelude facility in Australia
Shell said it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.
US natgas prices trade below 3-wk peak ahead of storage report
U.S. natural gas futures traded below the previous session's 3-wk high as investors awaited a weekly storage report due later in the day.
NextDecade files to allow TotalEnergies to exit LNG stake
NextDecade has filed for a shelf registration that would allow TotalEnergies to sell its 17.5% stake in the U.S. LNG company over time.
Williams to buy natural gas storage assets for $1.95 B
Pipeline operator Williams said it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 B.
TotalEnergies to restart its delayed Mozambique LNG project in early 2024
French energy firm TotalEnergies plans to restart its long-delayed $20-B Mozambique LNG project in the first quarter of next year.
First output from Venezuela's Dragon gas field expected in 2 years
A natural gas project to be developed in Venezuelan waters by Shell and Trinidad and Tobago's state firm National Gas Company could achieve first output in the next two years if a positive investment decision is made.
Samsung Heavy says it has stopped making blocks for Russian shipyard's LNG carriers
Samsung Heavy Industries said it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.
Japan's Mitsui to pull employees out of Russia's Arctic LNG 2
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 LNG project in yet another blow for the project.
China seeks exemption from U.S. sanctions on Russian LNG plant
China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on Russia's Arctic LNG 2 export plant.
- 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
