china

As the international natural gas trade continues to develop, Asian economies will drive global demand growth over the next five years, according to a new report from the International Energy Agency (IEA).

Australia is poised to become the world’s largest producer of liquefied natural gas (LNG) next year and will retain that position until 2024, when Qatar will reclaim the top production spot, according to independent energy research and consulting firm Rystad Energy.

Although a record amount of new liquefied natural gas (LNG) capacity coming online is expected to keep global gas prices in a lull through 2020, there is an abundance of appetite to warrant the sanctions of some of the 19 million metric tons of LNG awaiting final investment decision (FID), according to Wood Mackenzie.

An escalating trade war between the United States and China will put U.S. liquefied natural gas (LNG) exporters at a disadvantage and threatens to stall not-yet-sanctioned projects, according to analysts.

ExxonMobil Corp. has clinched a sales and purchase agreement to supply China’s Zhejiang Provincial Energy Group with 1 million metric tons/year of liquefied natural gas (LNG) for 20 years.

U.S. crude oil exports nearly doubled in 2018, rising to 2.0 million b/d versus 1.2 million b/d in 2017 as domestic volumes reached 42 destinations across the globe, according to the Energy Information Administration (EIA).

Tokyo Gas Co. Ltd. said Friday it has clinched a heads of agreement (HOA) for liquefied natural gas (LNG) supply with a unit of Royal Dutch Shell plc that would use a unique pricing formula based on coal indexation.

China imported only two of the 69 liquefied natural gas (LNG) cargoes sent from the United States in the fourth quarter of 2018, a dramatic fall from the 14 U.S. cargoes it imported a year earlier after a trade war erupted last fall, according to Genscape Inc.’s proprietary monitoring data.

American Petroleum Institute (API) CEO Mike Sommers said the partial shutdown of the federal government, which reached its 18th day on Tuesday, hasn’t had a major impact on the oil and gas industry to date, but he warned that could change should the impasse continue.