LNG
News
February 21, 2020
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
News
February 20, 2020
The new LNG export facility, Calcasieu Pass, is expected to produce 10 MTPA of clean liquefied natural gas that will be exported to global markets.
News
February 20, 2020
Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Shell’s latest annual LNG Outlook, bolstering LNG’s growing role in the transition to a lower-carbon energy system.
News
February 17, 2020
Cheap natural gas is making it tough for states, cities and utilities to achieve their goals of being zero-carbon in power production by 2050 or earlier.
News
February 17, 2020
As natural gas prices across the Atlantic are flirting with their lowest level in more than two decades, European energy traders this week struck a very bearish tone at a giant industry event in Germany’s industrial heartland.
News
February 14, 2020
The global glut of the fuel has seen prices plunge in the U.S., Europe and Asia as a wave of liquefied natural gas hits the market. Associated gas from oil fields in North America also boosted supplies at a time when demand growth is under threat from a slowing global economy and the coronavirus.
News
February 11, 2020
In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction.
News
February 06, 2020
In a dramatic and rare step, China National Offshore Oil Corp. declared what’s known as force majeure, meaning it won’t take delivery of some LNG cargoes, because the virus is constraining its ability to import the fuel.
News
January 29, 2020
Edge LNG has been selected by a large producer to capture and liquefy gas from its stranded wells in Tioga County in the Marcellus basin. For the producer, this represents an opportunity to reap economic benefits on assets unreachable by pipeline.
News
January 24, 2020
Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.
News
January 23, 2020
The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and 8.9 Bcfd in 2021.
News
January 20, 2020
The lowest seasonal price on record going back to 1990 has been driven by the continued absence of a cold U.S. winter and an oversupplied global market.
News
January 15, 2020
The move is part of Trelleborg’s strategy to strengthen its position as a system provider in key oil and gas market segments, such as ship-to-ship and ship-to-shore LNG transfer.
News
January 13, 2020
The agreements signed with Pertamina and Chandra Asri will potentially help ADNOC to secure additional in-market presence in one of Southeast Asia’s fastest-growing economies, enabling new domestic value-creation opportunities across the hydrocarbon chain.
News
December 31, 2019
The first phase of development consists of four production wells producing through two 18-inch, 73-mile subsea tiebacks to a processing platform offshore northern Israel.
News
December 31, 2019
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
News
December 19, 2019
One of China’s top liquefied natural gas buyers offered to sell a cargo on the cheap – and in the throes of winter – a fresh sign of the massive oversupply that has weighed on the market.
News
December 12, 2019
The U.S. oil giant called time on its Kitimat LNG plant on Wednesday, saying it plans to sell its 50% stake and that the project “will not be funded by Chevron and may be of higher value to another company.”
News
December 05, 2019
The demand slowdown has pushed LNG prices in Asia lower by almost 40% this year, a slump also aided by China’s rising domestic output of the fuel.
News
November 27, 2019
Total SA’s giant Mozambique gas project will get a $400 million loan from the African Development Bank, adding to its list of backers as the East African nation works to establish a fuel-export industry.
News
November 25, 2019
Gunvor Group Ltd. agreed to double the maximum amount of liquefied natural gas it plans to buy from a $4 billion export project in Louisiana and said it will recruit additional customers for the terminal.
