European gas

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
EU’s Plan to Reduce Reliance on Russian Energy is Missing LNG Sanctions, Bruegel Says

EU’s Plan to Reduce Reliance on Russian Energy is Missing LNG Sanctions, Bruegel Says

While the European Union has been working more than a year to replace Russian pipeline gas and decrease the country’s influence on the European economy, imports of Russian LNG have been ticking upward. The EU may need further sanctions on LNG if it’s serious about kicking Russian fossil fuels, according to a European think tank.…

July 5, 2023
U.S. LNG Exports to Europe Surged 5% During Beginning of the Year Despite Market Lull

U.S. LNG Exports to Europe Surged 5% During Beginning of the Year Despite Market Lull

As Europe’s LNG infrastructure continues to expand, U.S. volumes to the continent surged during the first five months of the year before dropping in May. Falling natural gas prices didn’t encourage European buyers to grab cargoes in May, leading to a 7% month/month drop as warm weather settled in. A mild winter, collapsed industrial demand…

June 16, 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
Despite Spring Lull, Competition for LNG Could Heat Up Between Asia, Europe as Year Unfolds

Despite Spring Lull, Competition for LNG Could Heat Up Between Asia, Europe as Year Unfolds

Competition to secure LNG cargoes for next winter could intensify as the year progresses, but to what extent Europe and Asia face off depends heavily on a variety of factors, including plant outages, supply, demand, and of course, the weather.  The global liquified natural gas market has mixed forecasts on what direction top Asian LNG…

April 26, 2023
Natural Gas Market Not Ruling Out U.S. Cargo Cancellations This Summer as LNG Floods Europe

Natural Gas Market Not Ruling Out U.S. Cargo Cancellations This Summer as LNG Floods Europe

European natural gas storage inventories are so full heading into injection season and Asian demand remains weak enough that there is a remote possibility of U.S. LNG cargo cancellations later this summer. Even a limited number of cargo cancellations would mark an extraordinary turnaround from a tight market that’s been shaped by supply fears since…

April 12, 2023
NGI LNG Columnist Brad Hitch Talks Big Changes in the Global Natural Gas Market – Listen Now to NGI’s Hub & Flow

NGI LNG Columnist Brad Hitch Talks Big Changes in the Global Natural Gas Market – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. Senior LNG editor Jamison Cocklin and special contributor Brad Hitch discuss Hitch’s new column that was launched for NGI’s LNG Insight earlier this year. Hitch, an industry veteran and a former LNG trader, discusses the need for better information in the global…

March 22, 2023
Netherlands Rules Out Another FSRU, but Continues Efforts to Boost LNG Import Capacity

Netherlands Rules Out Another FSRU, but Continues Efforts to Boost LNG Import Capacity

Dutch transmission system operator NV Nederlandse Gasunie said this week it continues to explore ways to boost LNG import capacity in the Netherlands, including expanding existing facilities in Rotterdam and Eemshaven. At the same time, the company said a study indicated that a new floating storage and regasification unit (FSRU) in the port of Terneuzen…

February 15, 2023
Natural Gas Futures, Cash Prices Fail to Sustain Momentum Amid Signs of Supply/Demand Imbalance

Natural Gas Futures, Cash Prices Fail to Sustain Momentum Amid Signs of Supply/Demand Imbalance

Natural gas futures floundered back into freefall Wednesday – the case of a majority of trading sessions early in the new year – as production climbed, benign weather persisted and the market braced for an anemic storage withdrawal. At A Glance: Prompt month sheds 27.5 cents Production hits 102 Bcf/d Weather forecasts wobble After a…

January 18, 2023
EU Again Postpones Natural Gas Price Cap as Ministers Search for Consensus

EU Again Postpones Natural Gas Price Cap as Ministers Search for Consensus

European Union (EU) energy ministers on Tuesday failed to reach an agreement on a bloc-wide cap on natural gas prices at an emergency Energy Council meeting in Brussels. Since the European Commission proposed a gas price cap last month, the 27 member states have been split over how to reach a compromise on setting a…

December 14, 2022
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