Asia

Workers at Chevron Corp.’s LNG export terminals in Western Australia moved closer to a labor strike on Monday, lending support to global natural gas prices as the week got underway.  Workers at the Wheatstone liquefied natural gas terminal’s offshore production platform voted in favor of work stoppages if necessary, joining others at Wheatstone’s downstream processing…

Natural gas use is projected to increase worldwide by more than 20% in 2050, even as solar and wind resources rise sharply, according to ExxonMobil. In the Global Outlook to 2050 published on Monday, the Houston-based integrated major said global gas consumption would continue to climb, “given its utility as a reliable and lower-emissions source…

Woodside Energy Group Ltd. is considering whether to take one of the five LNG trains connected to its North West Shelf (NWS) Project offline as it works to attract more third-party natural gas partners. In its half-year results, Australia’s largest energy company disclosed the NWS partnership was assessing the cost saving benefits of placing one…

Spot rates for LNG vessel charters are rising sooner than last year as natural gas buyers and sellers hone in on the winter supply scenario and global risks that still abound. Spot vessel rates for liquefied natural gas deliveries east of the Suez canal reached about $100,000/day Friday for the first time since January and…

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

Adnoc Gas plc has inked a five-year LNG sales and purchase agreement with Japan Petroleum Exploration Co. (Japex) as Abu Dhabi aims to sustain and grow its influence on Asian gas markets. The firms didn’t disclose an annual volume of liquefied natural gas for the contract, but valued the deal at between $450 and $550…

Without easily accessible real-time storage or demand data, the LNG world often tries to interpret the health of Asian natural gas demand through the lens of public cargo tenders.

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.

European natural gas prices saw mixed trading as the week got underway with the market’s unease over supply risks this winter showing further out the curve. The September and October Title Transfer Facility (TTF) contracts declined slightly on Monday and were trading near $11/MMBtu and $13, respectively. Winter contracts gained across the board and traded…