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NEWS ARCHIVE



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GLOBAL LNG-Asian prices drop to record low as coronavirus slams gas demand
-4/3/2020 3:56:54 PM
Asian spot liquefied natural gas (LNG) prices fell to a record low this week as lower industrial output from countries which have restricted people’s movement severely dented gas demand while supply remained ample.
Germany's gas imports dropped 15.1% in January, paid 40% less
-4/3/2020 2:36:20 PM
Germany imported 15.1% less natural gas in January than a year earlier, while its import bill dropped by 40% due to lower prices
Cheniere seeks U.S. permission to put Oklahoma Midship natgas pipe in service
-4/3/2020 2:34:28 PM
Cheniere Energy Inc has completed the Midship natural gas pipeline in Oklahoma at a cost of around $1 billion and is seeking federal regulators’ permission to put it into service
AVEVA partners to deliver first AI-enabled microlearning solution to industry 4.0 customers
-4/3/2020 2:23:19 PM
AVEVA, a global leader in engineering and industrial software, announced that it has strategically partnered with Axonify, a rapidly growing B2B SaaS company and a leader in the microlearning space, to offer adaptive AI- microlearning powered by Artificial Intelligence (AI) as part of AVEVA Unified Learning.
Venture Global LNG announces successful string test of Calcasieu Pass liquefaction equipment
-4/2/2020 6:02:36 PM
Arlington, Virginia – Venture Global LNG, Inc. announced the successful string test of the first Venture Global Calcasieu Pass mixed refrigerant compression system at Baker Hughes’ testing facility in Massa, Italy.
Cryopeak LNG Solutions breaks ground on new LNG production facility
-4/2/2020 4:27:04 PM
Cryopeak LNG Solutions Corporation ("Cryopeak"), based in Richmond BC, has begun construction of a new liquefied natural gas (LNG) production facility located in Fort Nelson, BC, capable of producing up to 90,000 gallons of LNG per day.
Singapore's Pavilion Energy seeks industry standard for green LNG
-4/2/2020 2:51:13 PM
Singapore’s Pavilion Energy is asking potential liquefied natural gas (LNG) suppliers to help develop an industry standard for the superchilled fuel’s total greenhouse gas emissions, as it looks for new gas deliveries from 2023.
LNG's plummeting price in Asia should drag down thermal coal
-4/2/2020 2:49:51 PM
There is an increasing disconnect between the price of thermal coal and liquefied natural gas (LNG) in Asia, with the dirtier fuel holding its value while LNG is dragged down by the collapse in crude oil.
Air Products acquires five operating hydrogen plants for $530 M
-4/1/2020 7:09:46 PM
Air Products announced it has signed agreements with PBF Energy Inc. that include the $530 million purchase of five hydrogen steam methane reformer (SMR) hydrogen production plants and the long-term supply of hydrogen from those already operating plants to PBF refineries.
Iran says "terrorist" attack inside Turkey halts natural gas exports
-4/1/2020 3:21:35 PM
Iran said its natural gas exports to Turkey have stopped after an attack on a pipeline inside the neighbouring country
India slashes natural gas prices to multi-year low of $2.39/mmBtu
-4/1/2020 3:14:04 PM
India has cut the price of locally produced gas for the April-September 2020 period by more than a quarter to a multi-year low of $2.39 per million metric British thermal units (mmBtu)
Russia's Gazprom says resumes gas supply to China after maintenance
-4/1/2020 3:12:50 PM
Russian energy giant Gazprom said it has restarted natural gas deliveries to China following the completion of regular maintenance at the Power of Siberia pipeline.
Shell drops out of major U.S. LNG project, Energy Transfer delays decision
-3/31/2020 3:02:26 PM
Royal Dutch Shell Plc pulled out of a major U.S. liquefied natural gas (LNG) export plant under development following the recent crash in energy prices, quickly followed by its partner, Energy Transfer LP, delaying its final decision on whether to go ahead with the project to next year.
Fulkrum Technical Resources breaks new ground with Mozambique contract
-3/31/2020 2:57:01 PM
Fulkrum Technical Resources (FTR), a global provider of technical personnel specialising in QA/QC, inspection and vendor surveillance services to the energy industry, has announced a significant contract win in Mozambique
Russia's Yamal LNG resumes loading operations in Norway
-3/30/2020 2:31:19 PM
Yamal LNG, controlled by Russia’s largest liquefied natural gas (LNG) producer Novatek , is resuming ship-to-ship transfers in Norway, Novatek said, after plans to shift the operations to Russia fell through due to coronavirus.
LNG suppliers flood market with excess spot cargoes as demand shrinks
-3/30/2020 2:30:02 PM
Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.
Russia's Gazprom says employee tested positive for coronavirus
-3/27/2020 8:36:29 PM
Russian gas giant Gazprom said one of its employees had tested positive for coronavirus after falling ill while on holiday within Russia.
Laden LNG tanker heading to China from U.S., first since March 2019
-3/30/2020 2:28:28 PM
A liquefied natural gas (LNG) tanker which loaded a cargo from the United States is currently heading to China, the first shipment since March 2019.
U.S. natgas futures ease with oil price slide, lower demand next week
-3/27/2020 4:04:32 PM
U.S. natural gas futures eased on Friday with a 3% decline in oil prices and on forecasts for milder weather and less heating demand next week than previously expected despite an outlook calling for cooler weather and more heating demand in two weeks.
Qatar offers LNG cargoes after Indian buyers cancel cargoes
-3/27/2020 4:02:12 PM
Qatar Petroleum has approached several buyers in Asia and in Europe offering liquefied natural gas (LNG) cargoes in the spot market, three sources familiar with the matter told Reuters.
LNG tankers build up around Indian ports after force majeure
-3/27/2020 3:59:32 PM
At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.
Woodside defers maintenance at Australian North West Shelf LNG plant
-3/27/2020 2:58:00 PM
Woodside Petroleum said on Friday it would defer major maintenance at the North West Shelf liquefied natural gas (LNG) plant in Western Australia as it was slashing spending for 2020 in half to cope with the coronavirus and sliding oil prices.
LNG-Asian prices crash below $3/mmBtu as Indians turn away cargoes
-3/27/2020 2:54:56 PM
Asian spot liquefied natural gas (LNG) prices crashed below $3 per million British thermal units (mmbtu) reversing three weeks of gains, after Indian buyers cancelled or diverted cargoes as a lockdown caused gas demand to slump.
LNG suppliers flood market with excess spot cargoes as demand crumbles
-3/27/2020 2:53:47 PM
Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand crumbles globally due to the coronavirus pandemic that has disrupted industrial output and people’s movement.
PetroChina to seek price talks with gas suppliers as coronavirus hits
-3/27/2020 2:50:25 PM
PetroChina , China’s top natural gas importer, will seek to renegotiate prices with global suppliers to control costs and curb losses at its gas import business.

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FEATURED COLUMNS

Business Trends: Four challenges to Australia’s rising role in the global LNG market
-David Gross
The past 10 yr have been the decade of natural gas, but the next 10 yr will belong to LNG as countries race to build out their export capacity.
Editorial Comment
-Adrienne Blume
Australia and Middle Eastern countries, which have been net LNG exporters, are now foraying into LNG imports due to supply issues.
Industry Focus: Mixed performance for Africa’s gas markets in 2019 poses questions for next decade
-Shem Oirere
As 2020 begins, Africa’s gas market is left with a mixed bag of achievements that only partly confirms a prediction by the International Gas Union (IGU) in early 2019 that the continent’s natural gas segment is “facing a potential turning point.”
Regional Focus: North American NGL to boom alongside petrochemicals
-Eugene Khartukov
Strong natural gas production and rapidly rising demand from petrochemicals makers have resulted in record-high production of natural gas plant liquids in North America, particularly in the U.S. This growth has been led by ethane.


GasPro 2.0: A Webcast Symposium

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Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

October 24, 2019 08:30 AM CDT

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