LNG imports

Dutch transmission system operator NV Nederlandse Gasunie said this week it continues to explore ways to boost LNG import capacity in the Netherlands, including expanding existing facilities in Rotterdam and Eemshaven. At the same time, the company said a study indicated that a new floating storage and regasification unit (FSRU) in the port of Terneuzen…

Russia is turning to Turkey as a potential natural gas hub partner with a new sense of urgency to find new export outlets for volumes left stranded by damages to the Nord Stream pipelines in September.  But any hub would likely face political, financial and supply issues that are compounded by the Kremlin’s war in…

Europe is expected to continue paying exorbitant prices to attract LNG cargoes next year, particularly given how limited new supplies of the super-chilled fuel will be. A decline in sanctioned projects over the last decade during a low price environment and underinvestment in fossil fuels means new liquefaction capacity may be scarce until 2025, when…

If China buys more LNG on the spot market this winter it could have an impact on what’s available to European buyers over the next few months. “Since August, the Chinese [national oil companies] have been importing their contracted Russian volumes, while holding LNG imports relatively flat,” said Vortexa Ltd.’s Felix Booth, head of liquefied…

LNG and renewables are the core of TotalEnergies SE’s U.S. strategy as it inks alliances to expand the global trading arm, executives said Wednesday. The French supermajor is “profitably expanding,” with liquefied natural gas equity production in the United States and Mexico, said CFO Jean-Pierre Sbraire. He and CEO Patrick Pouyanné shared the stage in…

LNG imports to the United States reached their lowest levels in 15 years during the first half of 2022, according to the Energy Information Administration, a possible sign that domestic production and infrastructure projects could be improving supply issues in the Northeast. Recent EIA data showed U.S. imports of liquefied natural gas averaging 77 MMcf/d…

China, the world’s largest buyer of LNG,  is reselling the super-chilled fuel to Europe and Asia as an economic slowdown and a boost in Russian gas supplies have created surplus inventories.  In 2021, Chinese gas demand grew at the fastest rate on record, when year/year imports increased by 19.9%, according to the Middle East Institute…

A revived pipeline project running through Portugal, Spain and France could deliver an additional 7.5 billion cubic meters (Bcm) per year of gas to Central Europe if approved by the European Commission (EC), but it is still facing opposition.  Europe is looking to secure alternative sources of gas to reduce its dependence on Russian pipeline…

U.S. natural gas exports to Mexico via West Texas are once again heading upward this year, according to analysis by the U.S. Energy Information Administration (EIA). Exports from West Texas “have grown steadily in recent years, doubling from 0.6 Bcf/d in 2019 to 1.2 Bcf/d in 2021 as more connecting pipelines in Central and Southwest…