natural gas

Asia LNG imports are robust, but record supply keeps spot prices muted

The spot price of LNG is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.

U.S. natural gas edges up from 9-month low, but still down 24% for week

U.S. natural gas futures edged up about 1% on Friday as forecasts for seasonally cold weather later this month helped prices bounce after they closed the prior session at a nine-month low.

Asia spot LNG prices remain below $10/MMBtu for third week

Asian spot LNG prices have seen a slight uptick this week but remain below $10 per MMBtu for the third week running as weak demand continues to steer prices.

European and Asian companies affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.

U.S. LNG export pause leaves EU, industry at odds over energy security

Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new LNG plants, EU energy officials and analysts said, dismissing industry's warnings.

Mitsui records $93 MM more in provisions for sanctioned Arctic LNG 2 project

Japan's Mitsui & Co said it had recorded $93 MM as additional provisions on its investment in Russia's Arctic LNG 2 project sanctioned by the United States, but lifted its full-year profit forecast.

Former Sempra Energy chief behind efforts to salvage Driftwood LNG project

U.S. LNG developer Tellurian chose a Lazard Inc. investment banker to right its struggling Driftwood LNG export project, the company's chairman told investors this week.

U.S. House of Representatives to vote on reversing Biden's LNG exports pause

The U.S. House of Representatives will vote next month on a measure to overturn the Biden administration's moratorium on approvals of new liquefied natural gas exports.

Norway to add more Arctic acreage for oil and gas drilling

Norway plans to add another 37 blocks to its annual so-called pre-defined areas oil and gas licensing round in the Norwegian Sea and the Barents Sea.

U.S. LNG export permit pause may affect Japan's fuel security

Japan's top power generator JERA expects the temporary suspension of U.S. LNG export permits may affect Japan's fuel security, and even the world's, if the issue persists.

Jenbacher engines to power Poland’s largest gas-fueled power plant, replacing coal power

INNIO Group announced that five Jenbacher J920 FleXtra engines will power a 50 MWe combined heat and power project in Bydgoszcz, Poland, for PGE Energia Ciepła S.A.

Japan worried U.S. pause of LNG export approvals may delay new projects

Japan, the world's second-biggest buyer of LNG, is concerned that a temporary suspension of U.S. export permits may delay the launch of new LNG facilities in the United States.

U.S. pause on LNG exports raises pressure on Canada, BC to do same

U.S. President Joe Biden's decision to pause expansion of American LNG exports has raised pressure from environmental groups on the British Columbia and Canadian governments to do the same, although following suit may be politically difficult.

India's Adani Total Gas posts Q3 profit rise on higher CNG sales

India's Adani Total Gas reported a nearly 18% rise in its third-quarter profit, boosted by strong sales of its CNG.

U.S. natural gas prices drop 8% on contract expiry, Freeport LNG unit outage

U.S. natural gas futures plunged about 8% in light trade ahead of the expiration of the February contract on forecasts that demand for the fuel for heating and export would remain low in coming weeks with mild weather and a unit outage at the Freeport LNG export plant in Texas.

Russia ready to discuss gas supplies with EU as Ukraine transit deal expires

Russia is ready to hold talks with the European Union on natural gas supplies as a transit deal with Ukraine expires at the end of 2024, Russian Deputy Prime Minister Alexander Novak was quoted as saying.

Russia’s planned gas pipeline to China faces construction delay

Mongolian Prime Minister L. Oyun-Erdene said construction of Russia's planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed.

QatarEnergy, Excelerate Energy sign 15-year supply LNG deal

QatarEnergy and U.S.-based Excelerate Energy signed a 15-year agreement to supply 1 MMtpa of LNG to be delivered to Bangladesh for 15 years from January 2026.

Reaction to the U.S. decision to pause LNG export reviews

The U.S. paused approvals of pending and future permits to export LNG to non-Free Trade Agreement countries, the biggest buyers of the U.S. fuel, to allow the Department of Energy to review LNG climate impacts.

Dana Gas resumes operations at Iraqi Kurdistan’s Khor Mor gas field

United Arab Emirates energy firm Dana Gas has resumed the production operations at Iraqi Kurdistan's Khor Mor gas field have been resumed, the company said in a statement.

Companies most affected by U.S. pause on LNG export permits

U.S. President Joe Biden's administration announced a pause on pending and future permits to export LNG to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts.

U.S. natural gas prices ease 1% on warmer weather forecasts, low LNG feedgas

U.S. natural gas futures eased about 1% on forecasts for the weather to remain warmer than normal through at least the middle of February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.

Japan's JOGMEC gearing up to support new LNG projects

The Japan Organization for Metals and Energy Security is preparing to give financial assistance to Japanese companies for new LNG projects to ensure a stable supply of the fuel.

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.

Asia spot LNG prices remain flat below $10/mmBtu despite geopolitical risks

Asian spot LNG prices remained below $10 per mmBtu for the second week running, as solid inventories and mild weather continue to outweigh geopolitical risk related to the Red Sea conflict.

LNG developer Tellurian hires investment banker Lazard

LNG developer Tellurian has hired investment banker Lazard Inc amid a search for investors and customers for its Driftwood LNG export terminal.

U.S. to announce climate review of LNG export approvals

The Biden administration is expected to announce that it will begin considering climate impacts in its approvals of new LNG exports, a process that will likely delay decisions on new terminals until after the Nov. 5 presidential election.

U.S. natural gas prices slide 3% on warm forecasts, slow return of LNG feedgas

U.S. natural gas futures slid about 3% on Thursday on forecast for the weather to remain warmer than normal through at least early February and the slow return of U.S. LNG export plants to full service after last week's Arctic freeze.

White House pauses decision on Louisiana LNG export terminal

The Biden administration is delaying a decision on a Louisiana LNG export project that would be the United States' largest, but which has raised the ire of environmentalists.

Canada's Trans Mountain pipeline expansion to start in April

Canada's Trans Mountain Corp will begin adding crude oil to its long-delayed pipeline expansion in February and expects it to start operating in the second quarter.