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Australia is set to issue a gas market review that could curb exports of liquefied natural gas from its east coast, where three operators led by firms such as Shell and Santos send cargoes to Asia and beyond. The review, which industry watchers expect Canberra to release as soon as this week, could include a policy …
Australia Nears Gas Market Review That Could Squeeze LNG Exporters Read More »
Poland is aiming to become the main entry point for global LNG into Central and Eastern Europe as Europe moves away from Russian gas The country is considering new liquefied natural gas infrastructure, including a potential new floating LNG import terminal on the Baltic Sea, to transform itself into a regional gateway. Poland’s central position …
Poland Eyes LNG Buildout to Shape Europe’s Post-Russia Gas Flows Read More »
The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia’s northwest coast. The development will be used as backfill for the existing LNG export concern and will link the offshore Geryon and Eurytion …
Chevron’s Gorgon LNG Project Secures $2 Billion Investment Nod Read More »
(Reuters) – U.S. natural gas futures edged up about 1% to a 35-month high on near-record flows of gas to liquefied natural gas (LNG) export plants and as extreme cold boosted heating demand and cash prices in several regions to their highest since last winter. Limiting Thursday’s price increase for most of the trading day …
(Reuters) – Glenfarne’s Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from its planned export project. This follows a preliminary agreement signed in September. Global demand for the superchilled fuel has surged …
Glenfarne Finalizes 20-Year LNG Supply Deal With South Korea’s POSCO Read More »
(Reuters) – Glenfarne’s Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from its planned export project. This follows a preliminary agreement signed in September. Global demand for the superchilled fuel has surged …
Glenfarne Finalizes 20-Year LNG Supply Deal With South Korea’s POSCO Read More »
Soaring U.S. natural gas prices are eroding profit margins for the nation’s LNG producers, a trend that could deepen in the coming years, forcing exports to drop as global competition heats up. U.S. benchmark Henry Hub gas prices spiked on Wednesday to their highest level in three years at over $5 per million …
US LNG Exports Will Shrink if Margin Squeeze Intensifies: Bousso Read More »
(Reuters) – U.S. natural gas futures climbed about 3% on Wednesday to a 35-month high, on record flows to liquefied natural gas (LNG) export plants and forecasts for colder weather and higher demand over the next two weeks than previously expected. Limiting gains were record output, ample amounts of gas in storage and lower gas …
By Elena Mazneva and Jonathan Gilbert Argentina has secured its first agreement for long-term sales of liquefied natural gas, a key step in its bid to become a global supplier of the fuel as drilling ramps up in its Vaca Muerta shale patch. A consortium of natural gas producers led by Pan American Energy Group, …
Argentina Notches First LNG Sales Deal as Shale Patch Booms Read More »
Asia’s imports of liquefied natural gas flatlined in November, putting the top-buying region of the super-chilled fuel on track to record its first annual decline in three years. Much of the blame for the soft outcome can be laid at the door of China, which may lose its status as the world’s top LNG importer …
China’s LNG Importer Crown at Risk as High Prices Cap Demand: Russell Read More »
