japan

Japan is looking to further diversify its LNG supply to shore up energy security as sanctions against Russian terminals, labor strikes in Australia and now a conflict in the Middle East, provide more threats for the global LNG market. “The Group of Seven (G7) Partners are committed to working jointly to deny Russia future energy…

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…

Asian natural gas consumption is the foundation upon which the LNG industry has been built.

Despite sweltering heat waves and a slight lift in European prices, LNG market activity is expected to remain light as buyers and U.S. producers hone in on the future supply and demand scenario. After a brief climb to almost $11/MMbtu last week, the Dutch Title Transfer Facility (TTF) dropped to $8.705/MMBtu at the end of…

Australia could lose long-term LNG supply contracts with Japan under recent government policy changes over the past several months that appear to undermine the country’s natural gas industry. Under the Australian Domestic Gas SafeGuard Mechanism (ADSGM) passed earlier this year, the government is allowed to divert liquified natural gas feedstock to meet domestic demand, and…

A roundup of news and commentary from NGI’s LNG Insight Sempra Infrastructure is looking to ramp-up construction at the Port Arthur LNG site in Texas, according to a recently published filing with the Federal Energy Regulatory Commission. The firm requested authorization for up to 6,000 people on site 24 hours a day as it progresses…

Delfin Midstream Inc. has finalized an investment agreement with shipping giant Mitsui O.S.K. Lines Ltd. (MOL) for its Delfin LNG export project ahead of a possible final investment decision (FID) later this year. Delfin disclosed MOL has agreed to take an undisclosed stake in the proposed Louisiana offshore liquefied natural gas project and will be…

Weak prices for spot LNG and European natural gas, coupled with high levels of floating inventory, have triggered discussion about something that was unthinkable only a year ago – the prospect of U.S. cargo cancellations.