economics
Asia spot LNG prices slip below $10 MMBtu despite Red Sea tensions
Asian spot LNG prices dipped below $10 per MMBtu for the first time in nearly eight months, as ample inventories and mild weather outweighed geopolitical tensions in the Red Sea.
U.S. natural gas prices fall 6% on small storage decline, warmer forecasts
U.S. natural gas futures fell about 6% to a two-week low on a smaller-than-expected storage withdrawal and forecasts for demand to drop and output to rise with the weather turning warmer than normal in late January.
U.S. Secretary of State Blinken urges Bosnia MPs to push through law to build gas pipeline with Croatia
U.S. Secretary of State Antony Blinken has urged Bosnian Croat lawmakers to stop holding up legislation to build a natural gas pipeline with Croatia, seen as an alternative to Russian gas.
British Columbia boosts power plan but electrifying LNG proving big challenge
British Columbia boosted its $26.7-B plan to expand its grid over the next decade, but Canada's Pacific Coast province will still fall short of supplying the biggest LNG projects with hydropower needed to avoid generating high emissions.
Biden administration taking heat from all sides over Louisiana LNG project
The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security.
Qatar set to sign cheaper long-term LNG deal with India
Qatar Energy within weeks could sign a long-term deal to provide LNG to Indian buyers on cheaper and more flexible terms than existing contracts as India seeks to meet a goal to increase the fuel's use.
U.S. LNG shipments disrupted by cold snap
Disruptions to scheduled exports of U.S. LNG at export plants in Louisiana and Texas tightened some supply temporarily as the U.S. contends with an Arctic blast.
Ukraine's Naftogaz to pitch gas storage deals for German traders in March
Ukraine's biggest oil and gas firm Naftogaz aims to strike new deals with foreign traders to boost the amount of natural gas stored in underground facilities in Ukraine.
INEOS polymer used to create world’s first sustainable gas pipeline
INEOS produced bio-based high-density polyethylene has been used to create the world’s first fully sustainable gas pipeline. Installed by French gas utility network operator, GRDF, the pipeline only uses the low carbon footprint polymer.
Bangladesh's Summit to supply 1.5 MMt LNG to Petrobangla from Oct 2026
Bangladesh's Summit Group has signed a preliminary pact to supply 1.5 MMt of LNG per year to state-run Petrobangla for 15 years, starting from October 2026, its chairman.
Gas, LNG prices to remain relatively weak in 2024 amid subdued demand
Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.
Norway energy firms plan three-year push for Arctic gas
Norwegian oil companies will ramp up exploration for natural gas in the Barents Sea in the next three years, showing renewed interest in the remote Arctic region after a sharp fall in Russia's gas supplies to Europe.
Sinopec says more deep tight-gas reserve certified in Sichuan basin
China's Sinopec Corp said on Wednesday that the Chinese government had recently certified 133 Bcm of proven geological reserves of natural gas in its operation in southwest Sichuan basin.
Shell approves plan to develop North Sea gas field
Shell has given the financial go-ahead for the development of the Victory gas field in the British North Sea, the latest development aimed at boosting the energy giant's production in the ageing basin.
Glander International Bunkering and Rohe Solutions Oy complete Kokkola port’s first LNG supply
Global bunker trading firm, Glander International Bunkering collaborated with LNG supplier Rohe Solutions Oy to supply LNG by truck to oil/chemical tanker SAANA.
Exxon to buy another 1.2 MMtpy of LNG from Mexico Pacific
Mexico Pacific said that it will supply ExxonMobil with an additional 1.2 MMtpy of LNG.
Red Sea disruptions not (yet) enough to trouble LNG prices
The effective closure of the Red Sea to tankers carrying LNG, while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market.
Norway boosts oil, gas drilling, including in Arctic
Norway awarded stakes in 62 offshore oil and gas exploration licenses to 24 energy companies, including state-controlled Equinor , boosting the amount of acreage offered as the country seeks to pump for decades to come.
U.S. natural gas prices drop 7% on warmer forecasts for late January
U.S. natural gas futures dropped about 7% on Monday on forecasts for demand to fall and output to rise once the weather turns warmer than normal in late January.
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.
Tankers carrying Qatari LNG resume course amid Red Sea tension
Four tankers used for shipments of Qatari LNG have resumed course after pausing for several days amid maritime attacks by Yemen's Iran-aligned Houthis in the Red Sea.
Russia's pipeline gas exports to Europe down versus December
Russian gas supply to Europe this month has declined, with January 1-15 daily volumes down by 6.5% from December's average levels.
U.S. natural gas supplies drop, record demand forecast due to extreme cold
U.S. natural gas supplies have fallen by the most in over a year as extreme cold froze wells, while demand for heating was on track to hit a record and lift both power and gas prices to multi-year highs.
Japan spot LNG contract price for December not disclosed
The average contract price for spot LNG cargoes for shipment to Japan last month was not disclosed by state-owned Japan Oil, Gas and Metals National Corporation.
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.
Frigid temps cut U.S. natural gas supply as demand soars, Texas faces possible shortfall
U.S. natural gas output fell to a preliminary 11-month low as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs.
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.
TotalEnergies says it has no plans to sell shares in NextDecade
TotalEnergies has no plans to sell its shares in U.S. LNG company NextDecade, the French energy group said after market speculation over a potential sale.
Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says
Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.
Venture Global LNG explains to U.S. regulator its failure to sell commercial cargoes
Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide LNG cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to a letter to the Federal Energy Regulatory Commission.
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
