LNG prices

Declining Output, Lack of New Capacity Set to Test European LNG Imports in 2023

Declining Output, Lack of New Capacity Set to Test European LNG Imports in 2023

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…

November 16, 2022
Golden Pass LNG on Track to Load Cargoes in 2024 with Certified Natural Gas 

Golden Pass LNG on Track to Load Cargoes in 2024 with Certified Natural Gas 

Golden Pass LNG remains on track to start production in 2024, when the first of three liquefaction trains is expected to start ramping up on the Texas coast.  The other trains are set to begin coming online at intervals about six months apart as commissioning continues, said Chief Commercial Officer Jeff Hammad on the sidelines…

October 28, 2022
U.S. LNG Expansions Continued to Lead Global Supply Growth in 2021, GIIGNL Says

U.S. LNG Expansions Continued to Lead Global Supply Growth in 2021, GIIGNL Says

U.S. liquefied natural gas (LNG) growth outpaced all other supply additions across the world last year by a wide margin, according to an annual report released by the International Group of LNG Importers (GIIGNL) this week.  U.S. exports reached 67 million tons (Mt) in 2021, up by 49.8% or 22.3 Mt from the prior year.…

May 6, 2022
Cheniere Builds Case for Corpus Christi LNG Expansion

Cheniere Builds Case for Corpus Christi LNG Expansion

Cheniere Marketing, LLC has signed a binding 13-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with a unit of Glencore plc, parent company Cheniere Energy Inc. reported Monday. Glencore will purchase approximately 0.8 million metric tons/year (mmty) on a free-on-board basis under the SPA. Cheniere said the 13-year term starts in April 2023.…

October 25, 2021
U.S. Dominated Global LNG Trade in 2020, Says IGU

U.S. Dominated Global LNG Trade in 2020, Says IGU

The United States accounted for all of the world’s new liquefied natural gas (LNG) production capacity last year, as exports grew despite challenges created by the Covid-19 pandemic, according to the 12th annual World LNG Report by the  International Gas Union (IGU). Cameron, Freeport and Elba Island LNG added 20 million tons (Mt) of annual…

June 4, 2021
Tellurian Lands Another LNG Supply Deal with Vitol

Tellurian Lands Another LNG Supply Deal with Vitol

Tellurian Inc. on Thursday said it has signed a sales and purchase agreement (SPA) with Vitol Inc. to supply 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from its proposed Driftwood export terminal in Louisiana. The announcement came a week after Tellurian announced a similar deal with Gunvor Group Ltd., another leading global…

June 3, 2021
LNG Market Tightens with Cameron, Sabine Pass and Gorgon Terminals Still Offline

LNG Market Tightens with Cameron, Sabine Pass and Gorgon Terminals Still Offline

The global market is tightening with three major liquefied natural gas (LNG) facilities offline in the United States and Australia, supporting a price rally that began last month as fundamentals started improving.  The Sabine Pass and Cameron LNG terminals on the Gulf Coast, the two largest in the United States with a combined export capacity…

September 4, 2020