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U.S. exports of liquefied natural gas (LNG) rebounded in May as Freeport LNG, the country’s second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed. The U.S. is the world’s largest exporter of LNG and a key supplier to Europe since Russia’s invasion …
U.S. LNG Exports Rise in May as Freeport LNG Returns to Production Read More »
(Reuters) – Shell expects its Australian supplies of liquefied natural gas (LNG) to help meet demand from emerging markets in south and southeast Asia, which are tipped to absorb some of the pick up in global supplies towards the end of this decade. Asian spot LNG prices rose last week to the highest levels since …
Shell Sees Emerging Asian Markets Taking More of World’s Growing LNG Supply Read More »
(Reuters) – Australia’s natural gas producers are increasingly confident that their fuel is vital to the energy transition and will play a role across Asia up to and beyond the 2050 net-zero emissions targets of companies and countries. This optimism was on full display at the industry’s annual gathering in the capital city of Western …
Australia’s LNG Sector is Long-Term Bullish, but Needs a Carbon Price Read More »
The main oil company of the United Arab Emirates bought a stake in NextDecade Corp.’s natural gas export project in Texas, its first acquisition in the US that will also give it supply from the plant for 20 years. Abu Dhabi National Oil Co. will take a 11.7% stake in phase 1 of the Rio Grande …
Adnoc Buys Stake in NextDecade’s LNG Project in First U.S. M&A Read More »
Bloomberg Qatar’s energy minister yesterday shared a stage with the bosses of Exxon Mobil Corp. and TotalEnergies SE — the second time in three weeks he’d joined Big Oil to discuss the green transition. But the main takeaway from the forum in Doha? Gas is here to stay. The outlook of the two supermajors and …
Big Bets on Gas Demand Show Fuel Is Far From Fading Read More »
Two influential U.S. Republican lawmakers have urged the head of the federal energy regulator to process applications for liquefied natural gas, or LNG, projects, saying any delays could force allies and partners to turn to countries like Qatar and Iran for the fuel. President Joe Biden, a Democrat, in January announced a pause on Department …
Republican U.S. Lawmakers Urge Regulators to Process LNG Project Applications Read More »
LNG tankers began loading at Freeport LNG in Texas this week as full operations resumed at the liquefied natural gas export plant after repairs and maintenance, data from financial firm LSEG showed on Wednesday. Outages at the second-largest U.S. liquefaction plant have pushed U.S. gas prices lower and raised LNG prices in Europe in the …
Ships Queue at Freeport LNG Plant in Texas as Full Operations resume Read More »
Gas demand will keep growing as economies expand: minister Middle Eastern nation is already increasing its LNG capacity Demand for natural gas will keep growing and more supply projects will be required globally beyond 2030, Qatar’s energy minister said. The comments from one of the world’s biggest suppliers of liquefied natural gas come amid fears of a …
Qatar Says New Global LNG Projects Will Be Needed After 2030 Read More »
(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 »
