Therese Robinson started her energy career in London covering international oil and gas markets. She was managing editor-Europe at Platts, director of Standard & Poor’s Credit Ratings division, and managing editor at UK consultancy, Gas Strategies. She also served as business development and crude editor for Argus. As both project director and managing editor, she launched Natural Gas Daily for Interfax Energy Services. She is from New England.
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Qatar Moves Ahead with International Growth in Race to Lead Global LNG Trade
QatarEnergy is continuing work to expand its LNG portfolio outside Qatar, acquiring regasification assets and stakes in global energy projects to achieve “a globally diversified portfolio of third party and equity LNG.” The work follows the state-owned company’s rebranding from Qatar Petroleum to QatarEnergy in 2021 and the formation of a global trading arm in…
February 16, 2023
South Korea’s Nuclear Power Plans Leave Room for LNG Import Growth
South Korea, the third largest global LNG importer in 2022, will continue to rely on the super-chilled fuel despite the country’s latest plans to increase the amount of nuclear and renewables used for power generation. Since President Yoon Suk-yeol took office in 2020, the government has reversed his predecessor’s policy of phasing out nuclear power.…
February 14, 2023
Adnoc Natural Gas, LNG IPO Seen as ‘Highly Feasible’ Amid Broader Expansion Plans
Abu Dhabi National Oil Co. (Adnoc) is advancing plans to launch an initial public offering (IPO) that would combine the United Arab Emirates’ (UAE) largest natural gas companies as part of a broader plan aimed at attracting more foreign investors and funding for long-term projects. “Natural gas will be a critical fuel in the energy…
February 9, 2023
UK’s North Sea Licensing Round Attracts Dozens of E&Ps in Push to Boost Domestic Production
Shell plc and BP plc were among the 76 companies that made 115 bids for 258 of the 931 blocks on offer in the UK’s offshore oil and gas exploration licensing round last month. It was the country’s first licensing round since 2019, which attracted 104 bids for 245 blocks. The Department of Business, Energy…
February 8, 2023
Slide in JKM Prices Brings Some Asian LNG Buyers Back to Spot Market
South Asian natural gas buyers including India, Pakistan, Thailand and Bangladesh could return to the spot market as Asian LNG prices fell in January to their lowest levels since 2021. Although prices have strengthened somewhat, they are “now low enough to be within the comfort zone of price-sensitive buyers in South Asia,” said Rystad Energy…
January 31, 2023
Algeria Makes Ambitious Plans to Nearly Double LNG, Pipeline Exports
Algeria, Europe’s third largest natural gas supplier, is planning to boost LNG and pipeline exports to the continent this year as it continues to wean off Russian supplies. Nearly 85% of the country’s gas exports are already designated for Europe, making Algerian President Abdelmadjid Tebboune’s pledge to nearly double them to 100 billion cubic meters…
January 27, 2023
New England Natural Gas Prices Soared in 2022 Amid Stiffer Global LNG Competition
New England paid some of the highest natural gas prices on record last year amid pipeline constraints and stronger competition for LNG. Daily spot natural gas prices at Algonquin Citygate near Boston peaked last year at $34.900/MMBtu in December, according to NGI data, and were higher than benchmarks in both Asia and Europe at that…
January 20, 2023
Norway Natural Gas Output Forecast to Remain Strong Until 2030
The 122 billion cubic meters (Bcm) of natural gas that Norway produced in 2022 is projected to continue at the same level for the “next four to five years,” a relief for Europe as it seeks to replace Russian gas, according to the Norwegian Petroleum Directorate (NPD). “The disappearance of Russian gas on the European…
January 12, 2023
Gazprom in Search of New Natural Gas Markets After Exports to Europe Plummeted in 2022
Russian natural gas exports to foreign markets dropped nearly 46% year/year in 2022, when they were impacted by a steep decline in deliveries to Europe, according to Gazprom PJSC. Exports, including those to China via the Power of Siberia Pipeline, dropped to 100.9 billion cubic meters (Bcm) last year, or about 3.6 Tcf. That’s compared…
January 10, 2023
UK Bans Russian LNG imports, Looks to U.S. and Other Producers to Meet Demand
The UK has banned Russian LNG imports in a step that took effect Jan. 1. The UK joins Estonia, Latvia and Lithuania as the only European countries to officially ban Russian liquefied natural gas imports. “In light of Putin’s illegal invasion of Ukraine and weaponization of energy, the government has taken steps to end all…
January 9, 2023