European natural gas storage inventories are lower than previously reported after data published by Gas Infrastructure Europe (GIE) was revised late Monday to include missing information from Italian sites. GIE said in an update on its website late Monday that Snam SpA provided previously unreported data from its Stogit storage facility for a period running…
LNG
Articles from LNG
Netherlands May Double Groningen Natural Gas Output to Meet Increasing Demand
Natural gas production from the Groningen field in the Netherlands may nearly double from 3.9 billion cubic meters (Bcm) to 7.6 Bcm this year because of a request from Germany for additional supplies and a delay in the start-up of the Zuidbroek nitrogen facility. Germany approached the Dutch government as the country “expects to need…
Global Natural Gas Prices Move Lower on Warmer Weather in Asia, Europe – LNG Recap
Warmer weather in Europe and Asia weakened competition for liquefied natural gas (LNG) cargoes and pushed prices lower as the week got underway. The Title Transfer Facility (TTF) climbed higher for most of last week, reversing declines that came with the end of December. The contract lost steam and closed lower Friday. The Japan-Korea Marker…
Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments
New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…
LNG Cargoes Continue Diverting Toward Europe
Liquefied natural gas (LNG) tankers previously en route to Asia are still diverting toward Europe as the western part of the continent continues to deal with reduced pipeline flows and low storage inventories that have supported high prices. After diverted LNG vessels made headlines last month, market research firm Kpler has continued to track 14…
Shell’s LNG Trading Arm Said to Benefit from Global Natural Gas Price Gains
Lifted by soaring prices, Royal Dutch Shell plc’s liquefied natural gas (LNG) trading results for the final three months of 2021 are forecast to be “significantly higher” sequentially, the European major said Friday. The world’s largest LNG trader provided the outlook in an interim report ahead of quarterly and year-end results, which are set to…
U.S. Could Pass Australia, Qatar as Top LNG Exporter, Says IHS Markit
The United States has the potential to be the world’s largest liquified natural gas (LNG) exporter in 2022, according to new analysis, boosted by swelling supplies and growing LNG terminal capacity. In a new report by researchers at IHS Markit, the United States could jump from the third largest exporter in 2021 to the top…
Gazprom Defends European Deliveries as Natural Gas Prices Climb on Supply Concerns
Gazprom PJSC said in a report to Russian President Vladimir Putin last week that it continues to fulfill all contractual obligations for shipping natural gas to Europe, which has been desperate for the fuel this winter. “As usual, Gazprom has been providing reliable gas supplies to our consumers in Russia and abroad,” said Gazprom’s Alexey…
February Natural Gas Called Slightly Lower as Storage Surplus Expected to Grow
As traders looked ahead to the latest round of government inventory data, expected to show a much lighter-than-average weekly withdrawal, natural gas futures probed both sides of even early Thursday. The February Nymex contract was off 1.5 cents to $3.867/MMBtu at around 8:45 a.m. ET but ventured as high as $3.931 earlier in the morning.…
Malaysian State of Sabah and Petronas Outline Plans for New LNG Terminal
A 2 million metric tons/year (mmty) liquefied natural gas (LNG) terminal in the Malaysian state of Sabah was announced Tuesday (Jan. 4) with the launch of a masterplan by the country’s state-owned Petroliam Nasional Berhad, aka Petronas, and the state government. The new facility planned for the Sipitang Oil and Gas Industrial Park is a…