Regions

Japan's Kyushu Electric may invest in Lake Charles LNG project in U.S.

Kyushu Electric Power is considering investing in the U.S. Lake Charles LNG project of Energy Transfer, among other projects, to secure a stable supply of the fuel.

U.S. natural gas prices gain 3% to six-week high with extreme cold coming

U.S. natural gas prices climbed about 3% to a six-week high on forecasts that extreme cold weather in mid- to late January will boost demand for the fuel for heating to its highest since hitting a record during a winter storm in December 2022.

Dutch government to turn on 'pilot light' output at Groningen gas field

The Dutch government said it would turn on the "pilot light" - meaning minimal production - at two stations in the Groningen gas field due to impending cold temperatures in the Netherlands.

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.

German gas storage operators warn of overblown plans for hydrogen grids

Germany's future hydrogen demand could fall well short of the baseline the country is assuming in its plans to extend its gas network to carry the fuel.

U.S. Henry Hub natural gas prices in 2023 were the lowest since mid-2020

The U.S. benchmark Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price, according to data from Refinitiv Eikon.

Air Liquide presses Mexico for answers after the government confiscated hydrogen plant

French industrial gas manufacturer Air Liquide is seeking answers from the Mexican government after it took control of a hydrogen processing plant in Hidalgo state.

Nextchem awarded a pre-FEED by Engie for the production of 2nd generation biomethane in France

MAIRE announces that Nextchem, through its subsidiary NextChem Tech, has been awarded a new contract by Engie to carry out a pre-FEED for the gasification and methanation of the waste wood as well as the implementation of a carbon capture unit for the Salamandre project in the Normandy region.

TechnipFMC awarded major iEPCI contract by Petrobras for Mero 3 HISEP project

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Petrobras to deliver the Mero 3 HISEP project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir.

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.