imports

Argentina’s Second LNG Import Terminal Starts Operations to Meet Winter Demand

Argentina’s Second LNG Import Terminal Starts Operations to Meet Winter Demand

Gas-rich Argentina is back to importing natural gas from two ports with the startup of Excelerate Energy LP’s Exemplar floating storage and regasification unit (FSRU) at Bahía Blanca. The new liquefied natural gas (LNG) import option adds to the existing Excelerate FSRU now stationed at Escobar, also in Buenos Aires province. The Exemplar FSRU has…

June 4, 2021
LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

European carbon prices have soared in 2021, reaching heights not seen since the continent’s emissions trading system (ETS) was established in 2005 and signaling what could be a longer-term trend across a region looking to further tighten climate regulations. Carbon prices hit a record by crossing the 50 euros per metric ton mark in early…

June 3, 2021
Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter

Argentina Ramping Up LNG Imports Ahead of Southern Hemisphere Winter

Argentina has commissioned a second floating storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

April 26, 2021
Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs

Argentina Gearing Up for Winter of Higher Natural Gas Demand, Import Needs

Argentina has commissioned a second floating, storage and regasification unit (FSRU) to meet higher-than-expected natural gas demand this upcoming winter in the Southern Hemisphere. The country’s natural gas buyer, Integración Energética Argentina (Ieasa), has leased an Excelerate Energy LP FSRU for the Bahía Blanca port. This will add to the existing FSRU now stationed at…

April 21, 2021
Natural Gas Prices Continue to Slide on Post-Storm Recovery

Natural Gas Prices Continue to Slide on Post-Storm Recovery

Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models also provided a headwind to prices, with the March Nymex gas futures contract tumbling 11.6 cents to settle at $2.953. April slid only 5.5 cents…

February 22, 2021
Poland’s LNG Imports Again Jump as Russian Supplies Decline

Poland’s LNG Imports Again Jump as Russian Supplies Decline

Poland’s state-owned natural gas company said its liquefied natural gas (LNG) imports totaled 3.76 billion cubic meters (Bcm) in 2020, or 10% more than in 2019.  The country has been working in recent years to cut its reliance on Russian natural gas supplies by expanding its relationships with additional pipeline suppliers and LNG exporters, particularly…

February 10, 2021
LNG Imports for Alaska’s Kenai Terminal Clear Another Hurdle

LNG Imports for Alaska’s Kenai Terminal Clear Another Hurdle

Plans to convert an Alaska liquefied natural gas (LNG) export terminal, the oldest in the United States, to allow imports moved ahead this week after clearing another regulatory hurdle.  The National Marine Fisheries Service (NMFS) found a Marathon Petroleum Corp. subsidiary’s plans to import four cargoes a year of the super-chilled fuel at the Kenai…

January 27, 2021
Trucked LNG Prices Spiked in China as Cold Gripped Region in December, Says Wood Mackenzie

Trucked LNG Prices Spiked in China as Cold Gripped Region in December, Says Wood Mackenzie

Cold weather and a scramble to secure natural gas supplies in Asia are impacting more than only power generators, as spot prices for trucked liquefied natural gas (LNG) in China skyrocketed last month, according to Wood Mackenzie.  The consultancy said spot prices in the LNG transport space nearly doubled in only three weeks in the…

January 13, 2021
New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition

New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition

New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets.  Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…

January 13, 2021
EIA Reports Draw on U.S. Crude Stocks, but Petroleum Demand Also Down to Close Out 2020

EIA Reports Draw on U.S. Crude Stocks, but Petroleum Demand Also Down to Close Out 2020

U.S. crude oil stocks declined by 8 million bbl during the week ended Jan. 1, although demand for petroleum products also fell sharply for the period, according to updated statistics published Wednesday by the Energy Information Administration (EIA). EIA said in its latest Weekly Petroleum Status Report that domestic crude inventories, excluding the Strategic Petroleum…

January 6, 2021
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