LNG

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ExxonMobil Says LNG Projects Diversify Portfolio, Won’t ‘Shy Away’ From Middle East

Conventional Energy, Latest, LNG, US News / By

(Reuters) – ExxonMobil said on Friday its pipeline of liquefied natural gas (LNG) projects would diversify its production away from the Middle East, but the company said it remains committed to pursuing opportunities in the region because of its long-term importance to global energy markets. “We won’t shy away from the region,” CEO Darren Woods …

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Shell to Sell Cyprus Unit for Up to $720 Million as it Focuses on LNG

CDN and International News, Conventional Energy, Latest, LNG / By

Summary Deal for up to $720 million Unit holds stake in block containing Aphrodite gas field Deal part of Shell’s efforts to expand LNG portfolio (Reuters) – Shell said on Friday it had ‌agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group  for up to $720 million, as the British …

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China’s Shifting Energy Mix Weakens Pillar of Global LNG Growth

CDN and International News, Conventional Energy, Latest, LNG / By

(Reuters) – For years, China was viewed by liquefied natural gas (LNG) producers as the key driver of future demand growth, helping to justify billions of dollars in export infrastructure investment from the U.S. Gulf Coast to Qatar. But China’s appetite for the super-chilled fuel is flagging, even as producers prepare a wave of new …

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Shell Profit More Than Doubles to $9.8 Billion, Second-Highest on Record, as Iran War Lifts Prices

CDN and International News, Latest, LNG, Natural Gas, Oil / By

Summary Profit of $9.8 bln vs expectations of $8.9 bln, $4.3 bln year ago Share buybacks kept at $3 bln for next quarter Highest profit, operating cashflow since 2022 Shell’s  net profit more than doubled from last year ​to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility …

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QatarEnergy Buys 33 US LNG Cargoes to Offset Hormuz Disruption

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

 (Reuters) – QatarEnergy (QE) has bought 33 spot LNG cargoes this year from the U.S. for delivery to South Korea, Taiwan, Bangladesh, India ​and Japan, four trade and industry sources said, as it tried to reduce ‌disruption to key customers after Qatari gas exports through the Strait of Hormuz were halted by the Iran war. …

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Saudi Arabia Seeks International Coalition to Protect Red Sea Shipping From Houthis, Sources Say

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(Reuters) – Saudi Arabia is seeking to build an international coalition to protect shipping in the Red Sea from Houthi attacks, two people familiar with the deliberations said on Wednesday. The composition of the coalition has not yet been finalised and is being discussed with dozens of countries, the sources said. The Saudi Center for …

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LNG Vessel Demand Climbs as US Leads Project Growth, GTT Says

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By Francois de Beaupuy Global demand for liquefied natural gas carriers is expected to be stronger than previously forecast over the next decade, driven by a surge in final investment decisions for new export terminals in the US and other regions in recent quarters, according to a leading designer of storage tanks. French engineering firm …

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Iran War Deal to Have No Fees, No Tolls for Passage Through Strait of Hormuz, US Official Says

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(Reuters) – There are going to be no tolls and no fees for passage through the Strait of Hormuz in a coordination deal being discussed in relation to the waterway restricted by the Iran war, a U.S. official said on Tuesday. The U.S. official said Iran was making unreasonable demands that were rejected by Oman …

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Cheniere Gets Approval to Introduce Natural Gas Into Final LNG Expansion Plant

Conventional Energy, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. regulators have approved Cheniere Energy’s request to introduce natural gas into Train 7 of its Corpus Christi LNG export project in south Texas, according to a Federal Energy Regulatory Commission (FERC) letter issued on Tuesday. The approval takes the largest U.S. LNG exporter one step closer to production from its seventh and …

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Bab el-Mandeb Shipping Rises Amid Hopes of Resolution in US-Iran War

CDN and International News, Conventional Energy, Latest, LNG, Oil / By

(Reuters) – The number of vessels passing through Bab el-Mandeb rose to 28 on Monday, a four-day high, while traffic through the Strait of Hormuz remained low, according to Kpler shipping data, amid optimism about a potential resolution to the U.S.-Iran conflict. Traffic was still below the month’s peak of 46 vessels recorded on July …

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