Forecast Cooler Temps See NatGas Bulls Looking Past $3; December Adds 11 Cents

Next-day natural gas romped higher in Monday’s trading as wintry conditions and below normal temperatures brought buyers off the bench and sent next-day prices higher by double-digits. The NGI National Spot Gas Average rose a stout 30 cents to $2.75.

November 21, 2016

Japanese NatGas Utility Strikes Second-Hand LNG Deal

Shizuoka Gas Co. and Shell Eastern Trading (Pte) Ltd. have struck a liquefied natural gas (LNG) sale and purchase agreement (SPA) that will utilize the export capability recently added to the Shimizu LNG Terminal. It’s another move toward increasing LNG supply flexibility and trading capabilities by the Japanese utility.

June 13, 2016

British Columbia, Japan Ink Agreements to Further LNG Export Cooperation

British Columbia (BC) Premier Christy Clark used a trade mission to Japan to give formal political support this week to the industry lineup to build liquefied natural gas (LNG) export terminals on the province’s northern Pacific coast.

December 4, 2013

GTI and Japan’s Sumitomo Make Business Development Pact

Japan’s Sumitomo Corp. and the U.S.-based Gas Technology Institute (GTI) have formed an alliance intended to help Japanese companies participate in unconventional gas-related businesses.

November 18, 2013

Japan, Canada Plan LNG Talks

Japan and Canada will engage in talks over the potential for future exports of liquefied natural gas (LNG) from Canada to Japan, Japanese Prime Minister Shinzo Abe told reporters in Ottawa on Tuesday, Bloomberg reported.

September 25, 2013

Japanese Bank, Alaska Agree to LNG Financing Talks

The state of Alaska and the Japan Bank for International Cooperation (JBIC) on Wednesday signed a memorandum of understanding (MOU) that could advance a large-volume natural gas pipeline and related liquefied natural gas (LNG) export facility to commercialize the state’s stranded gas reserves.

September 13, 2013

Japan, India Partnering for LNG Buying Leverage

Ministers from Japan and India meeting in Tokyo Monday agreed for the liquefied natural gas (LNG)-consuming countries to work together to secure what they believe would be more equitable pricing for supplies.

September 10, 2013

New Lucius Stakeholder No Longer Mystery

Japan’s Inpex Corp. said Tuesday it plans to expand its exploration, development and production activities in the U.S. Gulf of Mexico (GOM) after disclosing that it was the mystery buyer of a stake in the promising Lucius deepwater development. Subsidiary Teikoku Oil (North America) Co. Ltd. purchased the 7.2% participating stake in Lucius from operator Anadarko Petroleum Corp.

August 15, 2012

Devon Takes Sumitomo as Partner in Permian

Devon Energy Corp. last week secured $1.4 billion from Japan’s Sumitomo Corp. in exchange for a 30% stake in 650,000 net acres in the Permian Basin’s Cline and Midland-Wolfcamp shales.

August 6, 2012

Devon Unconventional Growth Lifts Output 3%

Devon Energy Corp. on Wednesday said Japan’s Sumitomo Corp. agreed to pay $1.4 billion for a 30% stake in 650,000 net acres in the Permian Basin’s Cline and Midland-Wolfcamp shales. The news offset the company’s 2Q2012 earnings report, which indicated profits were down sharply from a year ago on lower commodity prices.

August 2, 2012