World Oil (Bloomberg) – The U.S. has become the world’s biggest exporter of liquefied natural gas (LNG) for the first time, with 2023 shipments overtaking leading suppliers Australia and Qatar. The U.S. exported 91.2 million metric tons of LNG in 2023, a record for the country, according to data through Dec. 31 compiled by Bloomberg. The expanded output was due
World Oil (Bloomberg) – Russia’s biggest liquefied natural gas (LNG) producer began production at its Arctic LNG 2 project — despite U.S. sanctions — in a move that could provide some relief to the tight global market for the fuel. The first train of the Novatek PJSC-led Arctic LNG 2 project “has actually started operating,” Russia’s Deputy Prime Minister Alexander
Nasdaq SINGAPORE/MOSCOW- (Reuters) – U.S. sanctions pose a major obstacle to Russia’s plans to increase exports of seaborne liquefied natural gas (LNG) to offset the decline in pipeline gas exports to Europe, analysts said, as expectations mount of delays to a flagship project. The world’s fourth largest LNG producer after the United States, Qatar and Australia, Russia has an ambition
Oil and Gas 360 20-Year SPA is First Contract Expected to Support Second Train of Sabine Pass Expansion Project HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Foran Energy Group Co.
Nasdaq Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas. The company reported an adjusted profit of C$1.00 ($0.7262) per share for the quarter ended Sept. 30, compared with the average analyst estimate of C$0.97 per share, according to LSEG data. Gas flows to seven big U.S. liquefied natural
Nasdaq LONDON – Energy giants offered a rare glimpse into their liquefied natural gas (LNG) trading strategies in recent days, with Shell’s and TotalEnergies’ bets on rising Asian demand paying off while BP’s bet on a European deficit turned sour. The contrasting outcomes highlight the risky nature of trading divisions, at times notching up spectacular profits as traders quickly exploit
Oil Price Unprecedented uncertainty in natural gas demand and policies and low levels of investment in new production risk creating fresh energy crises and undermining energy security and climate goals as it would stall the move away from coal, the International Gas Union (IGU) said in a new report this week. Investments in production and liquefaction recovered somewhat last year, rising by
Oil Price Tellurian has applied for a three-year construction permit extension with the Federal Energy Regulatory Authority to complete the construction of the Driftwood LNG facility. The Driftwood LNG plant, currently under construction, would be one of the biggest in the world, with a capacity of up to 27.6 million tons of liquefied natural gas annually. The price tag of the project is
World Oil (Bloomberg) — Israel’s gas shipments to Egypt fell by 20% as safety concerns prompted the shutdown of a key offshore field, threatening onward deliveries to Europe. Halting the Tamar field in the Mediterranean Sea reduced Egypt’s imports of Israeli gas to about 650 million cubic feet per day, according to officials who asked not to be identified as they’re
World Oil (WO) – ADNOC has awarded a contract, valued at more than $400 million (AED 1.47 billion), to Baker Hughes, through its Nuovo Pignone International S.R.L. legal entity, for the supply of all-electric compression systems for the liquefaction of natural gas, to be powered by clean energy, for its low-carbon LNG asset in the Al Ruwais Industrial City, Al
Oil Price ExxonMobil has selected the world’s largest asset manager, BlackRock, as a buyer for its 70.7% stake in Adriatic LNG, Italy’s first regasification import terminal, the U.S. supermajor told Reuters on Wednesday. Exxon currently holds 70.7% of Adriatic LNG via its subsidiary ExxonMobil Italiana Gas. The other shareholders in Italy’s main LNG import terminal off the Adriatic coast in northern Italy are a
World Oil (WO) – His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, highlighted the importance of harmonizing energy security, affordability and sustainability in the quest for an equitable and realistic energy transition. In remarks at the Ministerial Plenary Meeting, as part of Tokyo’s Green Transformation Week, His Excellency Minister
