International

EU Grants Members Option to Block Russian LNG Imports

EU Grants Members Option to Block Russian LNG Imports

European Union (EU) lawmakers approved new rules that would allow member countries to limit LNG imports from Russia as cargoes continue to hit Europe’s ports in record numbers. Under the new gas market regulations, countries could legally block Russian exporters from being able to bid on liquefied natural gas import or storage capacity. “We have…

April 12, 2024
Malaysia Starts Work on Third FLNG Facility to Utilize More Stranded Natural Gas

Malaysia Starts Work on Third FLNG Facility to Utilize More Stranded Natural Gas

State-owned Petronas has started construction on Malaysia’s third floating LNG (FLNG) facility to better help it capitalize on stranded natural gas assets amid failing production from other fields.  The design and construction of the nearshore facility “is expected to be simpler, and upon completion, has the potential for improved production uptime as it will be…

April 12, 2024
Biden Commits to Japanese Energy Security While Holding Firm on LNG Pause

Biden Commits to Japanese Energy Security While Holding Firm on LNG Pause

As the United States moves to reassure allies that reliable LNG exports are still a priority, market analysts warn the Department of Energy’s (DOE) pause on new export permits has already opened the door for international competitors. President Biden met with Japanese Prime Minister Kishida Fumio Wednesday where, along with security and economic cooperation, the…

April 11, 2024

Feed Gas Flow Gains to Freeport LNG Reverse Again as Work Continues – The Offtake

A roundup of news and commentary from the global gas market FERC has granted Venture Global LNG Inc. permission to start building power facilities and install turbine generators at its Plaquemines liquefied natural gas export facility as the company continues to target first LNG sometime this year. Venture Global sanctioned the 13 million metric ton/year…

April 10, 2024
Papua New Guinea LNG Expansion Partners Push FID into 2025

Papua New Guinea LNG Expansion Partners Push FID into 2025

TotalEnergies SE disclosed the final investment decision (FID) for an LNG expansion project in Papua New Guinea would be pushed back by at least one year as the project partners hunt for more “commercially viable” contractors. The French major’s CEO Patrick Pouyanné met with Papua New Guinea Prime Minister James Marape to discuss the status…

April 9, 2024
Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Asian LNG buyers continue to snap up cheap cargoes as a mild winter in Europe has left storage inventories there high and more vessels are diverting to the region. But as spot prices move higher, buying activity is already slowing.  As temperatures have increased in the last week in North Asia, “we seem to be…

April 9, 2024
Russian LNG Output Reportedly Down Amid Western Sanctions – Three Things to Know About the LNG Market

Russian LNG Output Reportedly Down Amid Western Sanctions – Three Things to Know About the LNG Market

NO. 1: The Biden administration has rejected a proposal from House Speaker Mike Johnson (R-LA) to tie a national security package to a temporary pause on new LNG export authorizations.  Johnson reportedly wanted to advance aid for Ukraine and Israel in exchange for lifting the pause imposed in January by the Biden administration. The administration…

April 4, 2024

LNG Imports Resume in Taiwan After Devastating Earthquake – The Offtake

A roundup of news and commentary from the global gas market A 7.4-magnitude earthquake impacted Taiwan and briefly triggered a tsunami warning Tuesday, but hasn’t appeared to disrupt LNG imports, according to data from Kpler. Two vessels initially were turned away during the warning, but imports resumed on Wednesday. Taiwan imported more than 20 million…

April 3, 2024
NGI’s 4Q2023 LNG Market Analyst Takeaways

NGI’s 4Q2023 LNG Market Analyst Takeaways

The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward. Cheniere Energy Inc. (LNG): Statistics from Cheniere…

April 3, 2024
Australian LNG Exports Climb Higher Despite Supply Headwinds

Australian LNG Exports Climb Higher Despite Supply Headwinds

Australian LNG exports have ticked upward so far this year, driven in large part by higher volumes from the country’s east coast facilities.   Exports reached 21.5 million tons (Mt) through March 27, up from 20.6 Mt over the same time last year, according to Kpler. The uptick came from the Australia Pacific, Gladstone (GLNG) and…

April 2, 2024
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