Korea

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…

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).

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.

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).

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.

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.

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.

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.

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.