Korea

Kogas Inks Long-Term Deal for U.S. LNG with BP

Kogas Inks Long-Term Deal for U.S. LNG with BP

Korea Gas Corp., aka Kogas, said Friday that it has signed a long-term contract to buy U.S. liquefied natural gas (LNG) from an affiliate of BP plc.  The company agreed to purchase 1.58 million tons (Mt) annually from BP Singapore Pte. Ltd. for an 18-year term at prices linked to Henry Hub. Kogas is one…

April 22, 2022
U.S. Natural Gas Trade, Including LNG Exports, Easily Eclipses Fading Canada Imports

U.S. Natural Gas Trade, Including LNG Exports, Easily Eclipses Fading Canada Imports

The leading role of the United States in North American natural gas exports grew while the former continental champion, Canada, faded in 2019, according to the latest trade scorecard by the U.S. Department of Energy (DOE).

May 5, 2020

Western Canada’s Coastal GasLink Gains New Majority Stakeholders

TC Energy Corp.’s 2.1 Bcf/d Coastal GasLine Pipeline Project, which would traverse the gassy fields of the Western Canadian Sedimentary Basin to move supply overseas, has gained KKR and Alberta Investment Management Corp. as majority stakeholders.

December 30, 2019

European LNG Imports Hit Record Levels as Global Market Shifts

Europe’s liquefied natural gas (LNG) imports hit record levels of 12.7 Bcf/d in November as global supplies have increased and prices have fallen, according to the Energy Information Administration (EIA).

December 27, 2019

Qatar’s LNG Expansion Brings Supply-Demand Fundamentals into Focus

Qatar’s announcement on Tuesday that it remains committed to expanding its natural gas exports worldwide by 2024 brings into focus the question of when the ongoing supply glut in global liquified natural gas (LNG) markets could come to an end.

October 9, 2019

Global LNG Trade in ’18 Sets Record, with Exports Led by Australia, U.S., Russia

For the fifth consecutive year, global liquefied natural gas (LNG) trade set a record in 2018 at 316.5 million metric tons (mmt), a nearly 10% increase year/year, the International Gas Union (IGU) said Tuesday.

April 2, 2019

Two LNG Canada Stakeholders Agree to Foot Their Costs for Terminal

Hope grew Friday for the long-awaited start of liquefied natural gas (LNG) exports from British Columbia (BC) when two Asian participants in LNG Canada disclosed they are willing to foot their bills for the proposed Pacific coast terminal.

September 28, 2018

Commerce Says Six Countries Possibly Dumped Steel into the United States

In a development that could put even more pressure on domestic natural gas pipeline projects, the Department of Commerce said it has preliminarily determined that Canada, China, Greece, India, South Korea and Turkey have been selling large diameter welded pipe at less than fair value in the United States.

August 22, 2018

South Korean Trade Pacts to Send More U.S. Natural Gas Overseas

Energy conglomerate SK Group this week advanced a long-term strategy to secure more U.S. natural gas for South Korea under a couple of agreements, including one with Continental Resources Inc. (CLR) and General Electric (GE). Korea Gas Corp. (Kogas) also signaled it would expand its U.S. gas export holdings from the Gulf Coast to Alaska.

June 29, 2017

Cheniere, KOGAS Kick Off 20-Year LNG Deal

Cheniere Energy Inc. and Korea Gas Corp. (KOGAS) have begun a 20-year sales and purchase agreement (SPA) to supply U.S.-sourced liquefied natural gas (LNG) to the South Korean company from the Sabine Pass Liquefaction facility in Louisiana.

June 26, 2017
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