A trio of international liquefied natural gas (LNG) shippers saw improved financials in the first quarter as demand grew and prices strengthened. Flex LNG Ltd., Teekay LNG Partners LP and Golar LNG Ltd. reported stronger demand for time charters as spot prices in Asia shot up in January and the cooldown in February was short-lived,…
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NGI The Weekly Gas Market Report
LNG Carriers See Tough Year Ahead on ‘Unprecedented Demand Destruction’
Liquefied natural gas (LNG) shipowners that recently capped off first quarter earnings season see a grim outlook for most of 2020 as global supplies teem, prices have cratered and demand wavers.
Equity Investor Putting $1.3B Into Freeport LNG
Freeport LNG Expansion LP has snagged a $1.3 billion equity investment from IFM Investors for its proposed liquefied natural gas (LNG) liquefaction and export facility on Quintana Island near Freeport, TX. Funds will support development of the facility’s second train.
Manufacturers Group Seeks Rulemaking on LNG Process
A manufacturers’ trade association has filed out of time to comment and intervene in the next U.S. Department of Energy (DOE) liquefied natural gas (LNG) export license case, arguing that recent export approvals show a need for “more particularized and informative standards” in evaluating applications.
MIT: U.S. Should Back Expanded Shale Research
Researchers with the Massachusetts Institute of Technology Energy Initiative (MITEI) say natural gas has a bright future, but they said the government needs to be more involved and industry needs to remain vigilant over potential — but so far unrealized — environmental disasters.