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Japan’s bloated gas stocks add to worldwide surplus

Japan’s gas inventories are well above normal for the time of year, part of a worldwide surplus in response to the period of exceptionally high prices stemming from Russia’s invasion of Ukraine in 2022.

Adani Total says Dhamra LNG terminal operating at 55% utilization rate

Adani Total Pvt Ltd's Dhamra terminal has received 15 commercial LNG cargoes since commissioning in May 2023 and is operating at a utilization rate of 55%.

Sanctions squeezing Sibur's supply of tankers for Ust-Luga LPG

Russia's largest petrochemical company and exporter of LPG Sibur is reducing LPG exports from the Baltic Sea port of Ust-Luga due to shortages of gas tankers amid sanctions.

Russia's Novatek to load first cargo from Arctic LNG 2 in February

Novatek, Russia's largest producer of LNG, may start loading first cargo from the Arctic LNG 2 plant in February.

Russia's Arctic LNG 2 to ship first tanker this month

Russia's Arctic LNG 2 project is set to load its first LNG tanker for Asia at the end of January despite disruptive U.S. sanctions.

QatarEnergy halts Red Sea LNG shipping amid attacks, seeking security advice

QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada's CDPQ

Engie Brasil said it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec for $641 MM.

Asia spot LNG price remains at 4-month low, falls 58% in 2023

Asian spot LNG prices remained at their lowest level in over 4 mos this week on strong inventories, mild weather and weak demand which are all bearish factors that are seen continuing into 2024.

Shell resumes LNG loadings from Prelude facility in Australia

Shell said it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.

Williams to buy natural gas storage assets for $1.95 B

Pipeline operator Williams said it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 B.

Samsung Heavy says it has stopped making blocks for Russian shipyard's LNG carriers

Samsung Heavy Industries said it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.

China seeks exemption from U.S. sanctions on Russian LNG plant

China's state oil majors CNPC and CNOOC have both asked the U.S. government for exemptions from sanctions on Russia's Arctic LNG 2 export plant.

Asia LNG prices hit 4-mos low despite supply, geopolitical concerns

Asian spot LNG prices hit their lowest level in over 4 mos this week on strong inventories and weak demand despite supply concerns as more tankers avoid the Red Sea, following attacks launched by Yemen's Houthi group on commercial ships.

Woodside Energy to supply LNG to Pilbara Minerals unit

Woodside Energy said it had signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic LNG from its Pluto Truck Loading Facility in Western Australia.

Centrica pumps gas from Rough storage into UK grid as demand rises

British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices.

Brazil's Petrobras to invest $102 billion in next five years

Brazil's Petrobras will invest around $102 B within the 2024-2028 period, representing a major boost in expected investments by the state-run oil company.

Indian Oil to double Ennore LNG terminal's capacity to 10 MMtpy

Indian Oil Corp aims to double the capacity of its LNG import terminal at Ennore in southern India to 10 MMtpy.

Japan approves JERA plan to keep surplus LNG in winter

Japan's industry ministry has approved a plan by the country's top power generator JERA to hold a surplus of LNG in the winter as a strategic reserve in case of supply disruptions.

Asia spot LNG holds steady as demand weak, inventories high

Asian spot LNG prices slipped slightly this week, as demand was weak and inventories remained high in both Northeast Asia and Europe.

Germany builds up LNG import terminals

Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas, on which the European region relied heavily prior to Moscow's invasion of Ukraine last year.

Colombia's Ecopetrol analyzing possibility of importing natural gas from Venezuela

Colombia's state-owned oil company Ecopetrol is exploring an offer from Venezuela's PDVSA to supply the Andean country with gas from December 2024.

Finland-Estonia gas pipeline system to get bigger capacity after repair

The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs.

Nigeria and Germany sign $500 mln renewable energy and gas deal

Nigerian and German companies signed two accords in Berlin that include a $500-MM renewable energy pact and a gas export deal.

EU poised to propose extending energy crisis measures - official

The European Commission wants to extend emergency energy measures passed last year to cope with Europe's gas crisis to guard against future price shocks and quickly build-out renewable energy.

Venezuelan natural gas cooperation could lead to increased LNG and petrochemical exports

Venezuela is working with Shell and the National Gas Co. of Trinidad and Tobago to develop an offshore natural gas field that could boost LNG and petrochemical exports.

European LNG: The current market and its future

10/18/2023

The European LNG market is often characterized as a single homogenized LNG market. However, there are several distinct LNG markets within Europe, and LNG plays different roles and has different strategic and geopolitical importance in different parts of the continent. This article examines the current state of Europe's LNG market.

Avenir LNG places LNG bunker trio with Wilhelmsen Ship Management

London-headquartered global energy supplier for small-scale LNG and gas carrier owner Avenir LNG Limited has awarded the management of three LNG bunker vessels to Wilhelmsen Ship Management.

The story behind engineering the world’s largest post-combustion carbon capture plant

9/1/2023

VPI—a power generator and owner of a 1,260-MW combined-cycle natural gas power plant based in Immingham, UK, adjacent to the Humber Oil refinery—is set to play a pivotal role in decarbonizing the region, as it plans to transform its existing facility into the largest post-combustion carbon capture plant of its type in the world.

China LNG buyers expand trading after adding more US, Qatari contracts

China's LNG gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatile global market.

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