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(Reuters) – Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China, pushing European buyers to bid at relatively narrow discounts to attract sellers. The average LNG price for June delivery into north-east Asia rose to $10.50 per million British thermal units (mmBtu), from $10.40/mmBtu …
Asian Spot LNG Prices Rise on signs of Stronger Demand Read More »
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s administrator Ricaurte Vasquez told Reuters in an interview. The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia …
Panama Canal in Talks with U.S. LNG Producers to Increase Transit Read More »
Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration’s environmental rules and policies at a meeting with top U.S. oil executives, where he also asked them to raise $1 billion for his presidential campaign, the Washington Post reported on Thursday. The Post, citing unidentified sources familiar with the meeting last month …
Trump Vows to Target EVs, LNG Exports in Meeting With Oil CEOs Read More »
Australia’s resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use. Australia, one of the world’s largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net …
Australia Backs Long-Term Gas Exploration Despite 2050 Climate Goals Read More »
Nearly 75 U.S. lawmakers from President Joe Biden’s Democratic party on Tuesday praised his pause on approvals of exports of liquefied natural gas, or LNG, saying it would protect Americans from pollution and potential higher prices. Senators Jeffrey Merkley, Edward Markey and Representative Jared Huffman spearheaded a letter to Biden saying the pause allows the …
Nearly 75 Democratic Lawmakers Support Biden’s LNG Pause Read More »
Markets were supposed to be flooded with LNG by 2025, but hiccups at new projects might postpone their start. A wave of new liquefied natural gas projects that was supposed to flood the global market from next year now looks like it might not eventuate until at least 2026. The main reason is that the …
Kimmeridge Energy Management Co. plans to continue to invest in the US liquefied natural gas export industry, even though new permitting is on hold while the Biden administration scrutinizes the sector. The company expects to make additional investments in the proposed Commonwealth LNG project in Louisiana, according to Ben Dell, Kimmeridge’s co-founder and managing partner. Kimmeridge is …
Kimmeridge Plans to Invest More in U.S. LNG Despite Biden’s Pause Read More »
The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so.The startup and shutdown of Freeport and other U.S. liquefied natural gas …
U.S. Natgas Flows to Freeport LNG in Texas Rise to 2-Month High – LSEG Read More »
By Reuters (Reuters) – Pipeline operator TC Energy beat first-quarter profit estimates on Friday, helped by robust demand for liquefied natural gas (LNG). Demand in the U.S., the largest importer of Canada’s oil and gas, rose in the first quarter according to the U.S. Energy Information Administration, benefiting Canadian energy firms. Total earnings from TC Energy’s pipeline …
Pipeline Operator TC Energy Beats Profit Estimates on Strong LNG Demand Read More »
The marine offloading facility at the LNG Canada site is pictured, in Kitimat, Canada, September 2022. LNG Canada/Handout/ File Photo May 3 – The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where …
U.S. Stands to Lose Canadian Natural Gas When LNG Canada Terminal Starts Up Read More »
