Italian supermajor Eni SpA has signed a memorandum of understanding (MOU) with China to better cooperate on energy issues as both the company and country are targeting ambitious decarbonization goals in the coming decades. Eni, which has been working in China since the 1980s, said it signed the MOU with China’s International Cooperation Center of…
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China Buying More U.S. LNG to Meet Winter Demand, but Still Far Below Phase One Targets
U.S. liquefied natural gas (LNG) exports to China have ramped up this year but remain far below the levels specified in a phase one trade deal signed in January by the two countries to try to improve trade relations. Since U.S. LNG exports to China resumed in March after a hiatus of more than one…
Northwest Natural Gas-to-Methanol Project Dealt Another Setback
Environmental groups and Chinese-backed sponsors of a natural gas-fueled methanol production and export project in Washington are knocking heads after a district court late last month voided some federal permits for the project. The U.S. District Court for the Western District of Washington referred the permits back to the U.S. Army Corps of Engineers for…
Japanese, Chinese Carbon-Neutral Plans May Impact U.S. LNG Industry
Recent announcements by the leaders of China and Japan to achieve carbon neutrality in the coming decades could initially increase demand for U.S. liquefied natural gas (LNG), but that demand could be reduced as early as 2030, analysts said. Japanese Prime Minister Yoshihide Suga on Monday said the country would aim to become a “carbon-neutral,…
U.S. LNG Industry Not Seen Favoring Trump or Biden Presidency
The U.S. liquefied natural gas (LNG) sector could successfully work with either President Trump or Democratic nominee Joseph R. Biden Jr. in the upcoming presidential election, experts told NGI. Trump has been a “great cheerleader for U.S. LNG” by raising the industry’s profile and addressing some regulatory bottlenecks during his first term, said LNG Allies…
China Chasing Carbon Neutrality by 2060, but LNG Imports Unlikely at Risk
China is aiming to achieve peak carbon dioxide (CO2) emissions before 2030 and carbon neutrality before 2060, President Xi Jinping said Wednesday. In an address to the United Nations (UN) General Assembly focused largely on the need for a coordinated global response to the Covid-19 pandemic, Xi said China will scale up its Intended Nationally…
The Offtake: LNG in Brief
A roundup of news and commentary from NGI’s LNG Insight China’s LNG imports from the United States surged to 340,000 tons in May, according to Bloomberg. That’s up from 211,000 tons in April, when exports left the United States for China for the first time in more than a year after trade tensions ease. Wood…
NGI The Weekly Gas Market Report
As Chinese LNG Imports Increase, U.S. Gains Market Share
China’s liquefied natural gas (LNG) imports have continued to increase and are above 2019 levels year-to-date as spot prices in the region have plummeted, U.S. import tariffs have been waived and industrial demand recovers from the pandemic.
NGI The Weekly Gas Market Report
More Lower 48 LNG Landing in China, but Pandemic Clouds Trade as Tensions Rise
U.S. liquefied natural gas (LNG) deliveries to China are steadily increasing following a preliminary agreement earlier this year to ease trade tensions, but the deal is now seen in jeopardy given the economic impacts of Covid-19 and the pandemic’s role in souring diplomatic relations between the countries.
LNG Recap: U.S. Natural Gas Lands in China for First Time in 13 months
A vessel carrying U.S. liquefied natural gas (LNG) arrived in China on Monday for the first time since March 2019 as trade restrictions between the two countries have eased.