Post Tagged with: "LNG"

Source: Reuters

EXCLUSIVE-Vitol close to buying Exxon, QatarEnergy stakes in Italy LNG terminal, sources say

Nasdaq


MILAN, March 5 (Reuters) – Vitol-backed energy storage company VTTI is close to acquiring a majority stake in Italy’s biggest liquefied natural gas import terminal from Exxon Mobil XOM.N and QatarEnergy, two sources with knowledge of the matter said …

Source: Reuters

Low US natgas prices to dampen prospects for Tellurian asset sale

Nasdaq


HOUSTON – Low U.S. natural gas prices will hurt Tellurian Inc’s TELL.A ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its liquefied natural gas export (LNG) project, analysts said.

Tellurian has …

Source: Reuters

Shipping giants warn of worsening Red Sea security situation

Oil Price


Security threats to commercial shipping in the Red Sea are not abating, they are escalating instead, and disruptions to maritime trade are expected to last up to a year, according to some of the biggest shipping companies in …

Source: World Oil

Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation

World Oil


(WO) –  Energy Workforce & Technology Council (EWTC) joined the Independent Petroleum Association of America (IPAA), US Oil and Gas Association (USOGA), National Ocean Industries Association (NOIA), Texas Alliance of Energy Producers and Gulf Energy Alliance today in …

Source: World Oil

Senator Joe Manchin vows to investigate Biden’s LNG export license plan

World Oil


(Bloomberg) – Senator Joe Manchin blasted the Biden administration’s move to halt the approval of new licenses to export U.S. liquefied natural gas (LNG) and vowed to use his power as the chairman of the Senate Energy and …

Source: World Oil

API: Biden’s restrictive LNG plan a “win” for Russia, loss for global energy security

World Oil


(WO) – The American Petroleum Institute (API) released a statement from President and CEO Mike Sommers on new reports that the Biden administration is moving forward with plans to disrupt the development of U.S. LNG terminals.

“This would …

January 25, 2024 - 12:01 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Reuters

How fracking helped the U.S. become the world’s top LNG exporter

Oil Price


In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” T. Boone Pickens and a …

Source: Reuters

U.S. becomes top LNG exporter following restart of Texas’ Freeport LNG facility

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 …

Source: Reuters

Baker Hughes wins $400 million LNG contract from ADNOC

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 …

Source: Reuters

Berkshire Hathaway Energy to purchase Dominion Energy LNG stake for over $3 billion

World Oil


(WO) – Dominion Energy has concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in Cove Point LNG, LP, to Berkshire Hathaway Energy, which currently operates the …

Source: Oil Price

LNG shipping rates fall to a 7-month low as gas prices drop

Oil Price


LNG freight rates for Atlantic Basin spot LNG cargoes slid to below $50,000 per day on Thursday, the lowest level in over seven months, as natural gas prices in Europe drop with peak winter demand behind us.

 …

Source: Reuters

Wave of new LNG export plants threatens to knock gas prices

Nasdaq


A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.

Proposed …

March 14, 2023 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: BOE Report

U.S. natgas rises 3% as gas flows to LNG plants hit 8-month high

BOE Report


U.S. natural gas futures rose about 3% on Thursday as the amount of gas flowing to liquefied natural gas (LNG) export plants rose to a fresh eight-month high, with Freeport LNG’s plant in Texas receiving lots of gas …

Source: Reuters

TotalEnergies books record quarterly profit as LNG business booms

Oil Price


TotalEnergies (NYSE: TTE) posted a record profit for the third quarter, driven by high energy prices and soaring prices of LNG as Europe scrambles to procure gas ahead of the winter.

 

TotalEnergies reported on Thursday …

Source: Reuters

U.S. natural gas steady on mild weather ahead of expected LNG export gain

BOE Report


U.S. natural gas futures were little changed on Tuesday as the market waits for demand to rise once liquefied natural gas (LNG) export plants start to exit maintenance outages in coming weeks.

 

 

That expected demand increase …

Source: Oil Price

This large U.S. Driller just made a big move into LNG

Oil Price


Devon Energy, (NYSE: DVN), announced a deal with Delfin Midstream (privately held) on Monday September, 5th, to buy into a Floating Liquefied Natural Gas-FLNG vessel, yet to be FID’d and constructed. The financial terms were not released, but …

Source: Oil Price

LNG could be “really, really tight” this winter: Cheniere

Oil Price


Limited global LNG supplies could be “really, really tight this winter, Cheniere Energy’s executive vice president for worldwide trading told Reuters on Thursday.

 

Cheniere, the largest LNG exporter in the United States, believes that current prices indicate …

September 9, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG
Source: Reuters

Canada sees West Coast LNG revival as world scrambles for gas

BOE Report


Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.

This time, companies …

Source: Reuters

Rising calls for U.S. LNG revive stalled export projects, but at higher costs

Reuters


Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.…

Source: Reuters

Japan to boost investment role in upstream LNG projects

Nasdaq


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 …

April 15, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance, LNG
Source: World Oil

API letter calls on Biden administration to support American energy leadership

World Oil


Source: Reuters

LNG developer Tellurian reports a full-year loss

Oil and Gas


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 …

Source: World Oil

Citigroup sees gas at $100/MMBtu, if winter is cold enough

World Oil


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 …

Source: Reuters

Exxon to begin certifying some shale gas emissions amid investor pressure

Reuters


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 …

Source: Reuters

Column: Demand only one side of LNG price surge, supply cut by outages

Reuters


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 …

Source: Reuters

Column: Supply struggles, not just demand, are fuelling LNG’s price surge

Reuters


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 …

Source: Reuters

Global gas prices rally on hot summer, storage demand

Reuters


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 …

July 1, 2021 - 11:00 am Closing Bell Story‎, Energy News, LNG
Source: Reuters

Shell exits Philippine gas field in $460 million deal

Reuters


LONDON -Royal Dutch Shell has agreed to sell its stake in an offshore gas field in the Philippines for $460 million as part of its strategy to narrow its oil and gas operations.

Shell sold its 45% stake in …

Source: Reuters

Cheniere expects gradual rise in LNG demand with COVID-19 vaccine rollout

Reuters


Cheniere Energy Inc raised its full-year adjusted core earnings forecast on Wednesday, expecting incremental growth in demand for liquefied natural gas as COVID-19 vaccinations boost economic activity that had slumped due the health crisis.

Lockdown measures implemented to curb …

February 24, 2021 - 10:30 am Closing Bell Story‎, Energy News, LNG
Source: Reuters

China’s Sinopec plans record LNG imports to battle cold snap

Reuters


SINGAPORE – Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas (LNG) to record rates as a cold spell hitting large parts of the country this week lifts demand for the …

December 29, 2020 - 11:00 am China, Closing Bell Story‎, Energy News, LNG