NO. 1: The Biden administration has rejected a proposal from House Speaker Mike Johnson (R-LA) to tie a national security package to a temporary pause on new LNG export authorizations. Johnson reportedly wanted to advance aid for Ukraine and Israel in exchange for lifting the pause imposed in January by the Biden administration. The administration…
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Japan Weighs Energy Security Impacts After U.S. Sanctions Arctic LNG 2
The latest round of U.S. sanctions against Russian energy assets targeted at the Arctic LNG 2 project is creating uncertainty for Japanese stakeholders. PAO Novatek, Russia’s largest independent natural gas producer, launched development of the three-train, 19.8 million metric ton/year Arctic LNG 2 on the Gydan Peninsula in 2018 with plans to boost liquefied natural…
Labor Negotiations at Australian LNG Export Terminals Continue – The Offtake
Negotiations on Tuesday to avert labor strikes at three Australian LNG export facilities yielded no significant progress and are expected to continue as union members consider their options.
Technip Sees ‘Exceptional Change’ in Global LNG Markets; Russia’s Arctic LNG 2 Impacted
European sanctions are having a “direct impact” to complete services for Russia’s Arctic LNG 2, a major liquefied natural gas (LNG) project in the Far North of the country, Technip Energies’ CEO said Monday. Since Russia’s invasion of Ukraine in February, the European Union (EU) has imposed a series of sanctions. They include barring delivery…
Novatek Saw Record Natural Gas Sales in 2021 as Demand, Prices Soared
PAO Novatek, Russia’s largest independent natural gas producer, reported record natural gas sales last year as prices soared and demand jumped as the world recovered from the Covid-19 pandemic. The company said natural gas sales volumes, including liquefied natural gas (LNG), increased by 0.3% year/year in 2021 to 75.8 billion cubic meters (Bcm). Volumes sold…