Liquefied Natural Gas

Australian LNG Exports Climb Higher Despite Supply Headwinds

Australian LNG Exports Climb Higher Despite Supply Headwinds

Australian LNG exports have ticked upward so far this year, driven in large part by higher volumes from the country’s east coast facilities.   Exports reached 21.5 million tons (Mt) through March 27, up from 20.6 Mt over the same time last year, according to Kpler. The uptick came from the Australia Pacific, Gladstone (GLNG) and…

April 2, 2024
Canada’s Tourmaline Touts JKM, TTF Exposure in Supply Deals with Trafigura

Canada’s Tourmaline Touts JKM, TTF Exposure in Supply Deals with Trafigura

Canada’s largest natural gas producer, Tourmaline Oil Corp., said it has increased its exposure to global LNG pricing through two agreements to supply gas to units of commodity trading giant Trafigura Group Pte. Ltd. The first deal is a netback agreement linked to the Japan-Korea Marker (JKM). The deal is based on 62,500 MMBtu/d, or…

January 17, 2024
Environmental Groups Target LNG in Election Year, Threatening U.S. Export Buildout

Environmental Groups Target LNG in Election Year, Threatening U.S. Export Buildout

Growing environmental opposition and political headwinds could combine to be one of this year’s biggest challenges for U.S. LNG projects working to advance. International environmental organizations, along with grassroots groups, social media influencers and some Democrats, are stepping up their efforts to stop the expansion of U.S. gas exports that’s accelerated in recent years.  The…

January 17, 2024
JKM Prices Continue Decline Despite Earthquake in Japan

JKM Prices Continue Decline Despite Earthquake in Japan

A 7.6-magnitude earthquake that hit western Japan continued to have little impact on the country’s natural gas demand and Asian natural gas prices on Wednesday. Two coal-fired power plants were closed and some gas-fired generation had been reduced in the Noto region after the quake hit Monday. The Naoetsu LNG import facility was briefly shut…

January 3, 2024
Shell Looks to Join BP’s Push for Calcasieu Pass LNG Commissioning Probe

Shell Looks to Join BP’s Push for Calcasieu Pass LNG Commissioning Probe

Shell plc is looking to intervene in a complaint against Venture Global LNG Inc. one of its fellow contract holders, BP plc, filed with FERC late last year. In December, BP filed a request with the Federal Energy Regulatory Commission requesting it compel Virginia-based Venture Global to release confidential information about the extended commissioning process…

January 3, 2024
Equinor Nets Massive Natural Gas Supply Agreement with Germany’s Sefe

Equinor Nets Massive Natural Gas Supply Agreement with Germany’s Sefe

While a stream of LNG cargoes is largely helping Europe maintain its tight natural gas supply balance, the region’s largest gas user, Germany, is increasing its reliance on Norwegian pipeline flows to fuel its industry until an alternative fuel market emerges. Norway’s Equinor ASA has signed a letter of intent to supply German industrial gas…

December 20, 2023
Italy’s Snam Purchases Second FSRU Ahead of 2025 Start-up

Italy’s Snam Purchases Second FSRU Ahead of 2025 Start-up

As major import capacity gains in Europe continue to change the regional market, Italy’s Snam SpA has completed the purchase of the floating storage and regasification unit (FSRU) BW Singapore ahead of its start-up on the eastern Italian coast in 2025. Snam disclosed it paid BW LNG $400 million for the 5 billion cubic meters/year…

December 5, 2023
Delfin LNG Project Offshore Louisiana Close to FID After Gunvor Supply Deal

Delfin LNG Project Offshore Louisiana Close to FID After Gunvor Supply Deal

Delfin Midstream Inc. has signed another agreement to supply LNG from its proposed floating liquefaction project offshore Louisiana, in what management said is another step closer to a positive final investment decision (FID).  The company signed a 15-year sales and purchase agreement (SPA) to supply 0.5-1 million metric tons/year (mmty) of liquefied natural gas to…

November 28, 2023
Oman Pushes Global LNG Supply Position ‘Beyond 2024’ with Latest BP LNG Deal

Oman Pushes Global LNG Supply Position ‘Beyond 2024’ with Latest BP LNG Deal

Oman has extended its LNG supply relationship with BP plc for an additional nine years as it progresses its “Beyond 2024” initiative to remain a significant natural gas player through the decade. BP inked a liquefied natural gas sales and purchase agreement (SPA) with Oman LNG for 1 million metric ton/year (mmty) on a free-on-board…

November 22, 2023
Canada’s First Major LNG Feed Gas Pipeline Finishes Construction 

Canada’s First Major LNG Feed Gas Pipeline Finishes Construction 

TC Energy Corp. has finished building the Coastal GasLink (CGL) pipeline after five years of construction, marking the completion of the first system in Canada that will deliver feed gas to an export plant.  CGL hosted a final assembly event for the 402-mile pipeline near where it will link up with the LNG Canada terminal…

October 31, 2023
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