natural gas exports

An “exceptional” performance for Shell plc’s Integrated Gas trading unit, in parallel with higher LNG volumes, once again propelled profits in the final three months of 2023, with volumes set to climb higher as an Australian export project restarts, CEO Wael Sawan said. The London-based major reported sharply lower fourth quarter profits year/year, notably lacking…

The U.S. Department of Energy’s (DOE) pause on new export project permits is not expected to impact the bottom lines of LNG equipment manufacturers in the mid-term, but others across the value chain are still assessing the temporary suspension’s potential effects. Following last week’s decision by the Biden administration to pause DOE approval of worldwide…

Global natural gas demand is set to rise by 2.5% or 100 billion cubic meters (Bcm) in 2024 versus 2023, likely accompanied by increased price volatility, according to the International Energy Agency (IEA). This compares to a demand increase of 0.5% recorded in 2023, the global energy watchdog said in its latest quarterly Gas Market…

Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León, on Wednesday. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure…

Kinder Morgan Inc. (KMI) said its natural gas pipeline and storage business expanded substantially late in 2023 and is poised for continued growth in the year ahead. It expects to capitalize on robust natural gas production and expectations for exponential growth in export demand in the back half of the decade. The Houston-based midstream giant…

The United States has become the world’s largest LNG exporter, while China again surpassed Japan as the biggest importer last year, according to Kpler.  U.S. LNG exports jumped 6.4% year-over-year in 2023 to 81 million tons (Mt), pushing the country above Australia as the world’s top exporter, Kpler data show. U.S. output in 2023 was…

Germany is placing four LNG terminals on the northeastern coast, two of which are already in operation, under the management of terminal operator SC KN Energies, aka KN, as it looks to initiate the next round of regasification capacity auctions. A two-year contract for Germany’s four chartered floating regasification and storage units (FSRU) was awarded…

The floating LNG (FLNG) unit at the heart of the BP plc-operated Greater Tortue Ahmeyim (GTA) natural gas project has arrived offshore of Senegal and Mauritania as the production partners prepare for start-up in the coming months. Golar LNG Ltd.’s 2.3 million metric ton/year (MMty) FLNG Gimi has been anchored at the GTA hub in…

German environmental groups are urging FERC to deny authorization for Venture Global LNG Inc.’s CP2 LNG project, calling a further buildout of U.S. export capacity a threat to each country’s climate goals. In letters addressed to Federal Energy Regulatory Commission Chair Willie Phillips, 17 groups requested commissioners consider the Louisiana project’s impact on Calcasieu Parish…