Asia

European natural gas prices tumbled by nearly 20% on Monday following a relentless rally last week that saw the Dutch Title Transfer Facility (TTF) shatter records and break through the $100/MMBtu barrier.   The September contract finished closer to $80 on Monday as storage stocks across the continent continued to climb and traders took profit ahead…

International energy experts from Rice University’s Baker Institute suggest the United States could face intense economic and geopolitical fallout this winter and in winters to come without support for the LNG industry currently aiding Europe. In a recently published paper from the institute, “U.S. Needs LNG to Fight a Two-Front Gas War,” the authors posit…

Jera Co. Inc., the world’s largest importer of LNG, has renewed its offtake contract for Russia’s recently nationalized Sakhalin-2 natural gas project ahead of a Kremlin-imposed deadline. The Japanese joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co. In. confirmed to multiple media outlets Friday it has signed a deal to continue…

Shell plc has increased its portfolio of U.S. LNG and helped progress a developing Gulf Coast export project it once held a half-stake in with a long-term agreement with Energy Transfer LP (ET). ET signed a 20-year sales and purchase agreement (SPA) with Shell for 2.1 million metric tons/year from the proposed Lake Charles LNG…

As the world scrambles for more LNG, Chart Industries Inc. CEO Jillian Evanko sees the way that projects are built is changing rapidly in a way that’s allowing developers to deliver the super-chilled fuel faster. Timelines on projects that once took years to build are shrinking as more equipment for smaller, modular projects is being…

President Vladimir Putin’s latest decree to stop sales of Russian energy assets, leaves the status and progress of Russia’s liquefied natural gas (LNG) projects in disarray.  The decree takes full control of the 9.6 mmt/y Sakhalin-2 project in Russia’s far east. Shell plc has already said it plans to divest its 27.5% stake in the…

India, Pakistan and Bangladesh are looking to buy LNG in an extremely tight market as top Asian buyers Japan and South Korea have come out to cover their winter requirements. “While global markets have been focused on Europe and the supply dynamics there, the unintended consequences of energy sanctions on Ukraine are weighing heavily on…

A confluence of entrenched domestic demand, mounting calls for U.S. exports of LNG and modest production growth – all factors forecast to endure – propelled natural gas futures above $9.00/MMBtu in August and could keep upward pressure on prices for years. Such was the assessment of analysts who spoke Tuesday at the LDC Gas Forum…

European natural gas prices on Monday hit the highest level since March as dry, hot weather has left water levels on the Rhine River low and made navigation for some fully loaded ships difficult.  The Rhine is a key waterway in Northwest Europe for moving industrial goods. The low water levels have limited coal and…