china

FERC Seeking More Information from CP2 Ahead of May Meeting – Three Things to Know About the LNG Market

FERC Seeking More Information from CP2 Ahead of May Meeting – Three Things to Know About the LNG Market

NO. 1: FERC has requested more information from Venture Global LNG Inc. about the potential air pollution from the company’s CP2 export project.  The Wednesday request comes ahead of the Federal Energy Regulatory Commission’s scheduled meeting on May 23. It raises the possibility that the Commission again may not vote on the project. CP2 has…

May 16, 2024
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion 

Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion 

QatarEnergy has signed another three agreements to secure even more LNG shipping, this time chartering what the company calls QC-Max vessels that would be built in China.  QatarEnergy signed long-term charter party agreements for four liquefied natural gas vessels from China Merchants Group, three vessels from Shandong Marine Group and two vessels from China LNG…

May 1, 2024
Is U.S. Natural Gas Infrastructure a Target for Cyberattacks? FBI Director Puts Industry on High Alert

Is U.S. Natural Gas Infrastructure a Target for Cyberattacks? FBI Director Puts Industry on High Alert

The oil and natural gas industry should remain vigilant against cyberattacks as global tensions mount and threaten U.S. critical infrastructure, according to Federal Bureau of Investigation (FBI) director Christopher Wray.  The Chinese Communist Party (CCP) has repeatedly sponsored cyberattacks against the United States and has “made it clear that it considers every sector that makes…

May 1, 2024
Freeport Again Restarts Train 3 After Unplanned Outage – Three Things to Know About the LNG Market

Freeport Again Restarts Train 3 After Unplanned Outage – Three Things to Know About the LNG Market

NO. 1: Freeport LNG Development LP said Train 3 at its export plant on the upper Texas coast tripped offline late Tuesday due to an issue with the ventilation flow meter. The train, which only recently came back online after a lengthy outage, was restarted Wednesday, according to a regulatory filing with the Texas Commission…

April 11, 2024
Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Asian LNG buyers continue to snap up cheap cargoes as a mild winter in Europe has left storage inventories there high and more vessels are diverting to the region. But as spot prices move higher, buying activity is already slowing.  As temperatures have increased in the last week in North Asia, “we seem to be…

April 9, 2024
China’s LNG Buying Off to Strong Start This Year

China’s LNG Buying Off to Strong Start This Year

China imported nearly 13% more LNG in the first two months of the year compared to the same time in 2023 as lower spot prices have encouraged Chinese buyers to close more deals.  China’s imports of the super-chilled fuel reached 14.03 million tons (Mt) in January and February, up from 13.50 Mt during the same…

March 13, 2024
Maintenance, Unplanned Outages at U.S. Export Plants Cut Into Global Supply – LNG Recap

Maintenance, Unplanned Outages at U.S. Export Plants Cut Into Global Supply – LNG Recap

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

March 11, 2024
Russia, China Slow to Progress Power of Siberia 2 Natural Gas Negotiations

Russia, China Slow to Progress Power of Siberia 2 Natural Gas Negotiations

Negotiations between Russia and China over the Power of Siberia 2 (POS 2) pipeline, which would further link the countries, have shown no signs of gaining traction.  Although Moscow is eager to close the deal, disagreements over pricing, tariffs, taxes, financing and the pipeline route may make it difficult for the project to meet its…

March 8, 2024
China Seen Driving LNG Demand Growth Amid Various Supply Constraints

China Seen Driving LNG Demand Growth Amid Various Supply Constraints

Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares to a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

January 31, 2024
Adnoc Lands Potential Deal for Ruwais LNG Project

Adnoc Lands Potential Deal for Ruwais LNG Project

The United Arab Emirates’ (UAE) Adnoc has inked its first tentative agreement for a proposed low-carbon LNG terminal with one of China’s largest private energy groups. A unit of ENN Energy Ltd. inked a heads of agreement for 1 million metric ton/year (mmty) in offtake from the Ruwais liquefied natural gas project planned in the…

December 21, 2023
‹ Previous 1 2 3 23