LNG

Another liquefied natural gas (LNG) vessel was thought to be headed toward the United States on Monday where it could deliver a cargo for import as early as Thursday.

Mozambique liquefied natural gas (LNG), the nation’s first onshore export project, is set to finalize $15 billion of financing commitments this month, according to South Africa’s Rand Merchant Bank (RMB), which is among those funding the facility.

Liquefied natural gas (LNG) shipowners that recently capped off first quarter earnings season see a grim outlook for most of 2020 as global supplies teem, prices have cratered and demand wavers.

Global liquefied natural gas (LNG) demand this summer is forecasted to decline 2.7%, or 2.72 million metric tons (mmt) year/year, the first seasonal demand contraction since 2012, according to Wood Mackenzie.

State-owned Qatar Petroleum (QP) inked agreements this week with South Korea’s major shipyards, reserving construction capacity to secure more than 100 liquefied natural gas (LNG) carriers over the next eight years in a deal valued at more than $19 billion.

Feed gas deliveries to U.S. export terminals plummeted to new lows on Monday, putting pressure on Henry Hub futures to start a month in which dozens of cargoes have been canceled.

With liquefied natural gas (LNG) feed gas volumes sinking to fresh lows and overall demand still lagging amid the coronavirus pandemic, June natural gas forward prices softened for the May 21-27 period, according to NGI’s Forward Look.

Golden Pass LNG Terminal LLC, a joint venture of ExxonMobil and state-owned Qatar Petroleum (QP), has asked FERC to increase by 2.5 million metric tons/year (mmty) the total liquefied natural gas (LNG) production capacity of its planned export facilities on the Texas coast.

Liquefied Natural Gas Ltd. (LNGL) has lined up yet another deal to sell some assets after a transaction with Global Energy Megatrend Ltd. fell through this week.