Asian LNG

Freeport LNG Restart Marks 1.5 MMty Production Boost as Debottlenecking Project Wraps Up

Freeport LNG Restart Marks 1.5 MMty Production Boost as Debottlenecking Project Wraps Up

Freeport LNG Development LP is gearing up to expand its output of cargoes to the spot market after completing an expansion project during extended maintenance. Freeport management recently confirmed that all three trains at the Texas facility are back online after a series of mechanical issues and damage from a winter storm earlier in the…

May 16, 2024
Shell Overcomes Slumping Natural Gas Prices as Global LNG Volumes, Production Increase

Shell Overcomes Slumping Natural Gas Prices as Global LNG Volumes, Production Increase

Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…

May 2, 2024
Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices

Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices

Equinor ASA expects competition for LNG with Asia and weather to be the largest drivers of European natural gas prices as markets continue to shift, creating a floor for global benchmarks. After another mild winter helped Europe exit its second heating season without major Russian pipeline gas supplies and sizable storage inventories, CFO Torgrim Reitan…

April 26, 2024
Industry Rails Against Biden LNG Pause With Research on Environmental Advantages

Industry Rails Against Biden LNG Pause With Research on Environmental Advantages

U.S. natural gas trade groups this week unveiled a study to demonstrate that American LNG is mostly better for the environment than competing fossil fuels in overseas markets as they continue to push back against the Biden administration’s pause on export project authorizations. “American natural gas is not only critical to our economy, but it…

April 17, 2024
Malaysia Starts Work on Third FLNG Facility to Utilize More Stranded Natural Gas

Malaysia Starts Work on Third FLNG Facility to Utilize More Stranded Natural Gas

State-owned Petronas has started construction on Malaysia’s third floating LNG (FLNG) facility to better help it capitalize on stranded natural gas assets amid failing production from other fields.  The design and construction of the nearshore facility “is expected to be simpler, and upon completion, has the potential for improved production uptime as it will be…

April 12, 2024
Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says

Asia Could Drive 50% Rise in Global LNG Demand By 2040, Shell Says

Shell plc has tempered its expectations for peak LNG demand over the next two decades, but the top natural gas trader still expects the current buildout of export capacity led by the United States to fall short of rising global consumption driven by Asia. In its latest liquefied natural gas market outlook, the London-based integrated…

February 14, 2024
Falling LNG Prices Again Bring Asia’s Cost Sensitive Buyers Back to Spot Market

Falling LNG Prices Again Bring Asia’s Cost Sensitive Buyers Back to Spot Market

Asian spot LNG prices reached a seven month low in January, dropping below $10/MMBtu, bringing cost-sensitive buyers like Bangladesh, India, Pakistan and Thailand back to the spot market. High gas storage levels in Europe have pushed prices there lower and prompted liquefied natural gas sellers to turn their attention to Asia.  Asia-Pacific “demand will continue…

January 16, 2024
Production Hit, Heat Not Enough to Propel Natural Gas Futures, Spot Prices

Production Hit, Heat Not Enough to Propel Natural Gas Futures, Spot Prices

Natural gas futures lost momentum on Wednesday, despite intense near-term heat and lower production estimates. Coming off an 11.7-cent gain, the August Nymex gas futures contract shed 2.6 cents day/day and settled at $2.603/MMBtu. September fell 3.3 cents to $2.585. At A Glance: 40s Bcf injection expected Production slides further Signs of strong LNG demand…

July 19, 2023
EU, Japan Agree to Natural Gas Cooperation Amid Deep Structural Market Changes

EU, Japan Agree to Natural Gas Cooperation Amid Deep Structural Market Changes

The European Union (EU) and Japan, two of the world’s largest importers of natural gas, agreed this week to strengthen energy cooperation by establishing an EU-Japan energy security dialogue focused on global LNG flows. The partnership will work to improve global security of supply, transparency of markets and reduction of methane emissions in the liquefied…

July 19, 2023
Cheniere Lands First Offtake Contract for Sabine Pass Expansion 

Cheniere Lands First Offtake Contract for Sabine Pass Expansion 

Cheniere Energy Inc. said Tuesday that it has already signed an agreement to supply LNG from a massive expansion of its Sabine Pass liquefaction (SPL) terminal in Louisiana just two months after it kicked off the federal permitting process.  CEO Jack Fusco told analysts during a call to discuss the company’s first quarter results that…

May 2, 2023
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