LNG
Natural gas drops 10%, pulls back from more than 13-year high
U.S. natural gas futures plunged more than 10% Tuesday, reversing Monday’s surge which saw the contract rally more than 10% at one point to break above $8 per million British thermal units and hit the highest level since September …
Cheniere Energy exec says surging U.S. natgas prices will spur production
CAMERON, Louisiana – Top U.S. liquefied natural gas producer Cheniere Energy on Thursday said surging U.S. natural gas prices reflect past underinvestment followed by “a demand shock” as Europe seeks to wean itself from Russian gas, and that high …
Analysis-Biden plan to aid Europe with LNG poses risk to US climate goals
WASHINGTON – U.S. President Joe Biden’s plan to expand liquefied natural gas (LNG) shipments to Europe to cut the region’s dependence on Russian fuel risks undermining his administration’s climate goals by encouraging more gas production and increasing emissions, according …
Japan to boost investment role in upstream LNG projects
TOKYO – Japan plans to step up its investment role in upstream projects for liquefied natural gas (LNG), to spur new development and boost fuel offtake by its companies, the industry minister said on Friday.
Investment in new LNG …
GLOBAL LNG-Asian LNG prices stable on weak demand
LONDON – Asian spot liquefied natural gas (LNG) prices were stable this week continued muted demand from Asia amid a lockdown in China, allowing European gas prices to maintain a premium to keep LNG cargoes flowing to the continent.…
Shale producers court European buyers in bid for key LNG market
Publisher’s Note: With European markets becoming increasingly interested in LNG cargos sourced from U.S. shale, European capital markets should also take note. North American operators are addressing their ESG objectives and messaging head on, as was evident at …
U.S.-EU gas deal won’t be enough to replace Russian supply, says former U.S. energy secretary
The gas deal between the U.S. and EU is important, but won’t be able to make up the shortfall from Russia, former U.S. energy secretary Dan Brouillette said on Monday.
The U.S. said it will work with international partners …
TotalEnergies to stop buying Russian oil, funding arctic LNG
(Bloomberg) — TotalEnergies SE said it will stop buying Russian crude and diesel by the end of the year, becoming the latest energy giant to shun the country’s oil in protest against the invasion of Ukraine.
The announcement …
LNG developer Tellurian reports a full-year loss
HOUSTON, February 23, 2022–(BUSINESS WIRE)–Tellurian Inc. (Tellurian) (NYSE American: TELL) ended 2021 with over $300 million in liquidity and over $360 million in standardized measure of discounted future net cash flows of proved natural …
API: Don’t constrain LNG exports; bolster cold-weather states’ infrastructure
Ten 10 U.S. senators from cold-weather states wrote to U.S. Energy Secretary Jennifer Granholm, expressing concern about getting affordable, reliable natural gas for their constituents’ homes and businesses in the dead of winter, the American Petroleum Institute said …
IHS Markit report says LNG imports to Europe would be sufficient to overcome shutoff of Russia gas flows through Ukraine
Supplies of Russian gas to Europe via Ukraine have already fallen—and been replaced by LNG imports—to such a degree that shutting off the remaining gas that is still flowing through Ukraine would have a relatively limited additional impact …
European gas prices lure U.S. LNG cargoes away from Asia
(Bloomberg) –Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over more traditional winter markets in Asia.
As of Thursday afternoon, there were 41 U.S. LNG cargoes …
Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles
Royal Dutch Shell said it will pursue its $7 billion share buyback program after selling its U.S. shale business “at pace” as its liquefied natural gas (LNG) production was hit once again by unplanned outages.
Fuel sales were also …
Asia diverts extra LNG inventories to gas-starved Europe
SINGAPORE (Bloomberg) –Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.
Multiple vessels are now being diverted from Asia …
Shell evacuates Prelude floating LNG plant after power outage
(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar …
Analysis: LNG markets eye record prices in race to replenish stocks
LONDON – Liquefied natural gas (LNG) prices face a quick return to recent record highs as cold weather approaches the Northern Hemisphere and surging power demand and depleted gas storage heightens the global energy crunch, particularly in Europe.
This …
Carbon+Intel: Talos Energy, Freeport LNG to develop CCS project on Texas Gulf Coast
HOUSTON – Talos Energy and Freeport LNG Development, L.P. announced that the companies have executed a letter of intent to develop a carbon capture and sequestration (“CCS”) project, the Freeport LNG CCS project (“FLNG CCS”), immediately adjacent to …
EXCLUSIVE-China looks to lock in U.S. LNG as energy crunch raises concerns -sources
SINGAPORE/NEW YORK, Oct 15 – Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several …
Crude jumps to multi-year highs on global energy crunch
LONDON – Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.
Brent crude was up $1.45, or 1.8%, at …
LNG price rally could boost oil demand- Rystad Energy
Publisher’s Note: Don’t miss Rystad Energy presentation on Energy Transition and the Impact on Oil at EnerCom’s The Oil & Gas Conference 2021.
LONDON – The rally in liquefied natural gas (LNG) prices has widened the gap with oil …
Citigroup sees gas at $100/MMBtu, if winter is cold enough
SINGAPORE (Bloomberg) –Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly …
European gas price rally continues on U.S. LNG export, UK power issues
(Bloomberg) –Natural gas prices in Europe continued their record-breaking run as uncertainties about supply security this winter worsen. Power prices also surged to a new high amid after a disruption on a power link with France.
The …
Exxon to begin certifying some shale gas emissions amid investor pressure
HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers.
The largest …
Column: Demand only one side of LNG price surge, supply cut by outages
LAUNCESTON, Australia – The spot price of liquefied natural gas (LNG) in Asia is usually at a seasonal low in August in what is historically the shoulder season between summer and winter peak demand.
That the price of spot …
Column: Supply struggles, not just demand, are fuelling LNG’s price surge
LAUNCESTON, Australia – The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere deals with hotter-than-usual temperatures.
Although this …
Chevron, partners go ahead with $4 bln project at Gorgon LNG
Chevron Corp and its partners in the Gorgon LNG project off Western Australia have agreed to go ahead with a $4 billion project to improve gas recovery from offshore wells and keep the huge liquefied natural gas plant …
Global gas prices rally on hot summer, storage demand
SINGAPORE/SHANGHAI/LONDON – Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter.
Prices …
Tellurian looks to grow U.S. gas output organically and through M&A
U.S. liquefied natural gas (LNG) developer Tellurian Inc wants to grow gas production by adding to its own output and through mergers and acquisitions, the company’s executive chairman Charif Souki said this week.
He said this was “a once …
