(BOE Report) – German state-controlled energy group Uniper on Wednesday finalised a 20-year liquefied natural gas purchase deal with Canada as the two nations deepen their partnership. In a preliminary deal in June, Uniper took initial steps to secure 2 million tons of gas per year from 2032 from Canada’s LNG project Ksi Lisims on British Columbia’s Pacific coast. That
(World Oil) – PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter. The Chinese state-owned energy giant is working with an adviser to help gauge interest for its 15% stake, which could be worth a few billion dollars, the people said, who asked
(World Oil) – PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter. The Chinese state-owned energy giant is working with an adviser to help gauge interest for its 15% stake, which could be worth a few billion dollars, the people said, who asked not
(Oil Price) – China raised its liquefied natural gas imports for a second month in a row in June as the world’s top LNG buyer prepares for peak summer power demand. Chinese imports of LNG jumped by 8.3% from a year earlier to 5.68 million tons in June, according to official customs data released on Monday. This was the second consecutive month in
(Oil Price) – JERA, the biggest Japanese LNG importer and largest power producer, is studying a potential listing in the United States as part of a plan to boost its international footprint, Reuters reported on Friday, quoting anonymous sources with knowledge of the matter. The unlisted JERA has launched a feasibility study to assess potential investor demand and the U.S. market conditions and
(Investing) – European wholesale natural gas prices surged on Friday, touching their highest levels in nearly four months as intensifying military exchanges between Washington and Iran stoked fears over a potential closure of the Strait of Hormuz, threatening a critical chokepoint for global liquefied natural gas (LNG) flows. The front-month Dutch TTF gas contract, the European benchmark, climbed to 55.65 euros per
(BOE Report) – A cargo of U.S. liquefied natural gas has arrived at a Chinese terminal for the first time since trade tensions between Washington and Beijing effectively halted direct shipments, vessel-tracking data showed, though it may never enter China as the terminal’s bonded storage facilities allow re-exports without import duties. Carrying a cargo loaded in early June from U.S.
(Oil Price) – ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC Logistics and Services on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately
(By Oil & Gas 360) – The global oil market is undergoing one of its most significant structural shifts in decades, and much of that transformation is taking place across the Americas. What was once viewed primarily as a collection of regional production basins is evolving into an integrated export platform that is increasingly supplying Europe and Asia while reshaping
(Investing) – Oil prices gained on Tuesday, after a tanker transiting the Strait of Hormuz was struck by an unidentified projectile, the United Kingdom Maritime Trade Operations agency said. The vessel is believed to have structural damage, the UKMTO said, adding that there have been no casualties or environmental impact reported. Ships sailing through the strait were advised to “transit
(World Oil) – XRG has completed the acquisition of an additional equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas, expanding its ownership across all five liquefaction trains currently under construction at the export facility. The company acquired an additional 7.6% equity interest in Trains 4 and 5 from an acquisition vehicle of Global Infrastructure Partners (GIP), part
(Oil Price) – U.S. natural gas prices are set to rise through 2035, following a decade of low Henry Hub prices, as the AI data center boom and the expansion of U.S. LNG export infrastructure will underpin strong demand, analysts at Wood Mackenzie say. During the decade to 2025, the benchmark U.S. Henry Hub prices remained in a narrow range of between $2
