LNG - Today in Oil and Gas

International Energy Agency (IEA) Statistics: Monthly Gas Statistics – Including up to September 2024

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By mark

The latest IEA’s Monthly Gas Statistics report including September 2024 data shows that for Total OECD: Production of natural gas decreased by 1.8% compared to September 2023. Imports (entries)1 of natural gas were 2.7% higher on a year-on-year basis, and total OECD exports (exits)1 increased by 6.8% in the same period. Gross consumption of natural gas increased by 0.3% in September 2024 on a year-on year basis. …

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LNG Seeks a Future Under Mounting Climate Pressure

CDN and International News, Conventional Energy, Latest, LNG / By mark

Bloomberg News Police vans cordoned off Berlin’s Adlon Kempinski hotel Tuesday as environmental protesters attempted to disrupt an energy conference, splashing green paint against the side entrance of the luxury venue by the Brandenburg Gate. Inside, the global liquefied natural gas industry gathered to debate its future. Having largely turned the page on energy price …

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No Concerns Over Trump Vow to Lift LNG Exports Cap, Qatar Energy Minister Says

Conventional Energy, Latest, LNG, US News / By mark

(Reuters) – Qatar has no concerns about U.S. President-elect Donald Trump’s promise to lift a cap on liquefied natural gas (LNG) exports, Qatar’s Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition. “And you know even if you open up LNG and say we’re going to export another 300 …

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PROFILE: Outspoken and Energy Realist CEO is Now Trump’s Oil Evangelist

Conventional Energy, Latest, LNG, Natural Gas, Nuclear, Oil, Tri-Pinned, US News / By mark

Chris Wright has championed fossil fuels as a moral good and characterized climate change as modest Standing shoulder to shoulder with his employees, Chris Wright, chief executive officer of oilfield services company Liberty Energy Inc., held up his glass in a toast. “To your health and the longer lives and healthier lives of billions of people …

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Rising LNG Terminal Costs to Make New US Projects Less Competitive, Says Analyst

Conventional Energy, Latest, LNG, US News / By mark

By Curtis Williams HOUSTON, Dec 3 (Reuters) – Rising costs of building and equipping new U.S. liquefied natural gas plants will reduce the competitiveness of U.S. gas exports, LNG analysts at Poten & Partners predicted on Tuesday. U.S projects have faced rising construction costs, with Venture Global’s Plaquemines export plant under construction in Louisiana over …

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US LNG Exports to Europe Surge in November on Higher Prices

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By mark

By Curtis Williams Most exported to Europe at higher prices Production could go even higher in December UK was major player in the market HOUSTON, Dec 2 (Reuters) – U.S. LNG exports to Europe surged in November as the world’s largest producer of the superchilled gas sent more cargoes to the continent and fewer to …

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US LNG Natural Gas Demand Nears Record Level

Conventional Energy, Latest, LNG, Natural Gas, US News / By mark

HOUSTON, Nov 29 (Reuters) – Gas demand from the U.S. largest liquefied natural gas producers soared on Friday to near-record levels on cooler weather and fewer outages, according to preliminary data from financial firm LSEG. LNG export plants were expected to draw 14.6 billion cubic feet on Friday, the highest for the year and just …

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Trump’s Gas Ambitions Are Bad News for Russia

Conventional Energy, Latest, LNG, Natural Gas, US News / By mark

Keeping sanctions on Moscow’s LNG production would help Washington sell more US fuel to the world. Liquefied natural gas has turned America into an energy export superpower, and President-elect Donald Trump wants to ship even more of the super-cooled fuel to the world. Tightening — or just maintaining — sanctions on Russian production would help. …

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Trump Prepares Wide-Ranging Energy Plan to Boost Gas Exports, Oil Drilling, Sources Say

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By mark

(Reuters) – Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans. The …

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Goldman Warns of Likely Asia LNG Price Rise on European Supply Crunch

Conventional Energy, Latest, LNG, US News / By mark

Asia prices of liquefied natural gas could jump to above $20 per million British thermal units (mmBtu) if European gas supply tightens this winter, an analyst at Goldman Sachs told reporters on Wednesday. “That’s the near-term dynamic, given this vulnerability of Europe, the lack of spare capacity, the loss of the residual Russian volumes currently …

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