LNG

China Sucks Gas Out of Global Market as It Shifts From Coal

China Sucks Gas Out of Global Market as It Shifts From Coal

From The Wall Street Journal

China is replacing coal with gas, sucking up global supplies of the fuel and pushing up the price of liquefied natural gas to a three-year high.

The world’s No. 2 economy is cutting back on …

January 25, 2018 - 5:10 pm Closing Bell Story‎, LNG, Natural Gas News
India’s GAIL Plans to Sell 24 Cargoes of U.S. NatGas from Cove Point

India’s GAIL Plans to Sell 24 Cargoes of U.S. NatGas from Cove Point

Cove Point targets first cargoes to ship in early 2018

Dominion Energy’s Cove Point LNG facility in Lusby, Maryland, is sprinting into the stretch on the final lap in the race to export U.S. energy. When it crosses the finish …

January 22, 2018 - 4:38 pm Closing Bell Story‎, LNG
Sabine Pass Suffers Outage; Feed Gas Plunged Sharply: Sources

Sabine Pass Suffers Outage; Feed Gas Plunged Sharply: Sources

From Reuters

Production at Cheniere Energy’s Sabine Pass liquefied natural gas (LNG) export plant in Louisiana is running well below capacity, resulting in disruption to cargo loadings, trade sources said.

Feed gas supply into the liquefaction plant plunged sharply during …

January 22, 2018 - 12:21 pm Closing Bell Story‎, LNG
Tanker With Russian Gas for Boston Makes Mid-Atlantic U-Turn

Tanker With Russian Gas for Boston Makes Mid-Atlantic U-Turn

From Bloomberg

LNG tanker Gaselys was scheduled to arrive in Boston Saturday

Vessel reversed course to Spain after almost 21 days en route

Three weeks after picking up a controversial cargo in the U.K., a liquefied natural gas tanker made …

January 19, 2018 - 3:01 pm Closing Bell Story‎, Energy News, LNG
Coast Guard Approves Rio Grande LNG Export Site at Brownsville, Says Space X’s nearby Spaceport Can Co-Exist

Coast Guard Approves Rio Grande LNG Export Site at Brownsville, Says Space X’s nearby Spaceport Can Co-Exist

From LNG World News

The United States Coast Guard (USCG) approved the Rio Grande LNG project’s waterway sustainability assessment (WSA) declaring the project suitable for LNG marine traffic.  The project was declared suitable for accommodating the type and the frequency …

January 19, 2018 - 2:30 pm Closing Bell Story‎, Energy News, LNG
NatGas Industry Needs $150 Billion Infrastructure Investment to Move Cheap U.S. Gas to the Water: Souki

NatGas Industry Needs $150 Billion Infrastructure Investment to Move Cheap U.S. Gas to the Water: Souki

From CNBC

“Mad Money” host Jim Cramer sat down with natural gas guru Charif Souki, the chairman and co-founder of natural gas company Tellurian.

Energy guru Charif Souki, the chairman and co-founder of Tellurian, told CNBC on Wednesday that …

January 18, 2018 - 10:43 am Closing Bell Story‎, Energy News, LNG
Australia’s East Coast Safe from LNG Surge

Australia’s East Coast Safe from LNG Surge

From Energy News Bulletin

Last year was a corker for Australian LNG and the gravy train will only continue to roll on with North Asian LNG spot prices continuing to climb, though this has not hit the east coast domgas …

January 17, 2018 - 8:34 am Closing Bell Story‎, Energy News, LNG
Agility Gas Technologies Receives Patents for Transport of Ethylene on LNG Carriers

Agility Gas Technologies Receives Patents for Transport of Ethylene on LNG Carriers

From the Motorship

New Jersey-based Agility Gas Technologies has received patents covering its innovative proposal for transporting liquefied high-value gases (HVG) on LNG carriers, writes David Tinsley.

The concept is intended to reduce shipment costs and widen the global market …

January 16, 2018 - 2:27 pm Closing Bell Story‎, Energy News, LNG
Cheniere Signs Another 15-Year LNG Contract

Cheniere Signs Another 15-Year LNG Contract

Cheniere Energy, Inc. (ticker: LNG) and its subsidiary Cheniere Marketing, LLC have entered into a LNG sale and purchase agreement (SPA) with Trafigura Pte Ltd., a Geneva-based independent trader of oil and petroleum products. Trafigura’s LNG team is based in …

January 16, 2018 - 2:21 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
India’s GAIL Reworks its 2012 Gazprom LNG Contract

India’s GAIL Reworks its 2012 Gazprom LNG Contract

Gazprom deal is India’s third LNG contract workover, follows Qatar’s RasGas and ExxonMobil

From Reuters

NEW DELHI/LONDON, Jan 16 (Reuters) – Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with …

January 16, 2018 - 8:34 am Closing Bell Story‎, Energy News, LNG
China’s LNG Price Slumps in January

China’s LNG Price Slumps in January

From Xinhua

BEIJING, Jan. 15 (Xinhua) — The price of liquefied natural gas (LNG) in China saw sharp decline at the beginning of January.

In the first ten days of January, the price of LNG stood at 5,613.6 yuan (about …

January 15, 2018 - 7:13 am Closing Bell Story‎, Energy News, LNG
Ship Carrying LNG from UK Turns to Mediterranean

Ship Carrying LNG from UK Turns to Mediterranean

From Reuters

A vessel that picked up liquefied natural gas from the United Kingdom that was headed to the United States has turned toward the Mediterranean, according to Thomson Reuters shipping data on Wednesday.

Engie SA’s Gaselys tanker picked up …

January 10, 2018 - 2:26 pm Closing Bell Story‎, International, LNG
Australia is Set to Become the World’s Biggest Exporter of Natural Gas by 2019

Australia is Set to Become the World’s Biggest Exporter of Natural Gas by 2019

Australia is expected to become the world’s biggest natural gas exporter by next year as huge projects near completion.

According to the latest quarterly resources outlook from the chief economist at the federal department of industry, innovation and science, the …

January 9, 2018 - 4:13 pm Closing Bell Story‎, Energy News, LNG
LNG Cargo Arrived in Boston that May Be Russia’s Yamal Gas

LNG Cargo Arrived in Boston that May Be Russia’s Yamal Gas

U.S. east coast deep freeze and extreme gas prices make re-exported LNG cargo attractive

From Maritime Executive

In an unusual reversal, a customer on the U.S. East Coast appears to be importing a cargo of LNG that could include product …

January 9, 2018 - 2:04 pm Closing Bell Story‎, Energy News, LNG
Kuwait Petroleum and Shell Sign 15-Year Agreement

Kuwait Petroleum and Shell Sign 15-Year Agreement

Royal Dutch Shell plc (ticker: RDS.A) and Kuwait Petroleum Corp. have signed an LNG contract that secures Kuwait’s domestic energy needs for the next 15 years.

A private source told Bloomberg that the contract will cover 2-3 million metric tons …

Source: Novatek

$1.6 Billion Ship Deal Puts Russian LNG on Fast Track to China

From Asia Times

A joint venture between China LNG shipping and Teekay LNG has reportedly signed a US$1.6 billion deal to finance six LNG carriers, which will service Russia’s Yamal LNG project.

The carriers, currently being built by South Korea’s …

December 21, 2017 - 2:31 pm Closing Bell Story‎, Energy News, LNG
Source: Royal Dutch Shell

Five LNG Shipping Stories Make Waves in 2017

From LNG World Shipping

Among the reverberations felt by the LNG industry in 2017, none echoed more loudly than the healthy build-up in US exports; the start of LNG shipments from the Russian Arctic; the rapid emergence of China as …

December 20, 2017 - 12:30 pm Closing Bell Story‎, Energy News, LNG, Transportation
Cove Point Fall Colors, Nov. 2017

Dominion Energy Cove Point LNG Says it will Start Up Commercial Ops Early 2018, Denies LNG Contract Re-Negotiations

Dominion Energy (ticker: D) issued a statement today saying it would begin commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, …

December 19, 2017 - 2:23 pm Closing Bell Story‎, Energy News, LNG, Oil and Gas 360 Articles
Cove Point Fall Colors, Nov. 2017

Coast Guard Reports First LNG Tanker Docked at Cove Point

From Platts

Dominion Energy’s Cove Point LNG export terminal in Maryland received its first tanker on Thursday as the company prepares to join Cheniere Energy shipping US supplies overseas.

Inspectors boarded the Maran Gas Delphi and the vessel was being …

December 15, 2017 - 11:19 am Closing Bell Story‎, Energy News, LNG
LNG Tankers from Americas Divert to China

LNG Tankers from Americas Divert to China

From Reuters

* Japan re-exports LNG to China in unusual move

* Tankers from the Americas divert to China

* North Asia braces for frigid winter as La Nina starts

* Supply crunch pushes up LNG prices, tanker rates

SINGAPORE, …

December 15, 2017 - 7:08 am Closing Bell Story‎, Energy News, LNG
Source: Cheniere Energy Corpus Christi LNG Rendering

Looming LNG Pipeline Construction Raising Concerns for Tourism Businesses Sharing the Coastline with Proposed Texas LNG Export Facilities

From KRGV Channel 5

PORT ISABEL, TEXAS – Tour boat companies are speaking up in the wake of three liquefied natural gas pipelines in the works.

“This is home to 250 to 300 dolphins,” said Captain Heather Lacy. “We have …

December 13, 2017 - 7:06 pm Closing Bell Story‎, Energy News, LNG
Source: Kremlin.ru

Putin on Hand as Russia’s $27 Billion Yamal LNG Plant Ships First Cargo

Long term contracts set to commence in 2018

From LNG World Shipping

Russian president Vladimir Putin launched the first shipment of liquified natural gas from the new Yamal LNG facility located in the Russian Arctic.

The LNG plant sold an …

December 11, 2017 - 8:51 am Closing Bell Story‎, Energy News, LNG
China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China’s Crying Need for NatGas—a Discovery in Bohai’s Shallow Water, LNG Demand Booming

China on a tear to expand domestic gas output and diversify its natural gas imports

China’s quest for natural gas

“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Cove Point LNG Facility Almost at the Finish Line

Introduces feed gas this week: commissioning operations underway

Dominion Energy Cove Point (ticker: D) introduced feed gas into its new LNG facility this week.

The facility has been under design, permitting and construction for the past several years and it …

U.S. Ready to Ship More Gas to the Middle East

U.S. Ready to Ship More Gas to the Middle East

From Bloomberg

LNG offered to Saudi Arabia: U.S. Energy Secretary Perry

Middle East electricity use growing 6% a year: U.A.E. Minister

U.S. natural gas exports could find buyers in the oil-rich Persian Gulf as countries there look to meet surging …

December 7, 2017 - 9:23 am Closing Bell Story‎, Energy News, LNG
LNG to the Rescue: Pakistan’s First LNG Import Terminal Receives 120 Shipments

LNG to the Rescue: Pakistan’s First LNG Import Terminal Receives 120 Shipments

From Business Recorder

KARACHI: Pakistan’s first Liquefied Natural Gas (LNG) energy terminal has received 120 shipments and injected 7.4 million tonnes LNG in the national transmission network since start of its operations, saving US $1.2 billion per year in the …

December 5, 2017 - 8:22 am Closing Bell Story‎, Energy News, LNG
Cheniere Adds LNG Tankers to its Fleet Amid Demand Boom in Asia

Cheniere Adds LNG Tankers to its Fleet Amid Demand Boom in Asia

From Reuters

LONDON, Dec 5 (Reuters) – U.S. liquefied natural gas (LNG) producer Cheniere Energy has expanded its shipping fleet with a flurry of spot vessel charters to keep up with Asian winter demand growth as spot prices LNG-AS hit …

December 5, 2017 - 7:53 am Closing Bell Story‎, Energy News, LNG
Another Proposed Canadian LNG Project Pulls the Plug

Another Proposed Canadian LNG Project Pulls the Plug

Malahat Nation and Steelhead LNG announced they are no longer exploring the proposed Malahat LNG project on the Malahat Nation-owned Bamberton Industrial Lands. The project as proposed would have included floating liquefaction facilities (with up to 6 mtpa capacity) moored …

December 4, 2017 - 11:56 am Canada, Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Shell Inks 27-Year Gas Supply Deal to Kick Off Arrow Development

Shell Inks 27-Year Gas Supply Deal to Kick Off Arrow Development

Could ultimately lead to thousands of wells

From Australia Financial Review

Shell has finally paved the way for a multi-billion dollar development of its large Arrow coal seam gas resource in Queensland, inking a 27-year supply deal that will …

December 1, 2017 - 12:58 pm Closing Bell Story‎, Energy News, LNG
Chinese Demand is Shrinking Global LNG Glut

Chinese Demand is Shrinking Global LNG Glut

$240 billion in Australian LNG projects

The LNG glut that has plagued the industry in recent years may clear more quickly than anticipated, based on recent estimates.

Numerous massive LNG projects have come online recently, from several countries. Chief among …