International

The recent arrival of France’s first floating regasification and storage unit (FSRU) at the port of  Le Havre comes as high gas stocks and a rebound in nuclear power output have limited the country’s need for natural gas.  “Given the current healthy gas stock situation and improved nuclear availability in France, we would expect the…

Australia’s competition watchdog expects a slight natural gas supply surplus for domestic markets early next year, but the supply balance remains tight as LNG exports from the East Coast are expected to rise. In the Australian Competition & Consumer Commission’s (ACCC) outlook for 1Q2024, researchers reported the east coast gas market should have a 1.4…

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Dutch Title Transfer Facility hit record levels last year as buyers scrambled to secure supplies amid one of the worst energy crises in decades, according to the International Gas Union (IGU). The increase in global gas-on-gas competition (GOG)…

Europe continues to rely on Russian LNG imports to compensate for the decline in pipeline deliveries from the country, despite calls to ban the super-chilled fuel.  For the first eight months of the year, Russian liquefied natural gas exports totaled 20.58 million tons (Mt), according to Kpler. The European Union’s (EU) 27 countries imported more…

Canadian leaders traded barbs on Monday about the future of the nation’s natural gas and oil at international conferences in Calgary and in New York City At the World Petroleum Conference in Calgary, Alberta Premier Danielle Smith repeated a vow to cut greenhouse gas (GHG) emissions but said the province’s gas and oil production was…

One of New Fortress Energy Inc.’s (NFE) avenues to expand its LNG marketing opportunities in Europe could be closed after a proposed import project in southwestern Ireland was denied. The An Bord Pleanála, Ireland’s independent planning authority, recently denied permission for NFE’s development application of the Shannon import project. In the decision, authorities wrote that…

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…

Labor unions’ decision to partially stop work last week at the Gorgon and Wheatstone LNG export facilities in Western Australia spurred a significant rally in the European natural gas market, once again shining a light on the increasingly sensitive links between regional gas markets.

Thailand is aiming to secure long-term LNG supply contracts from global LNG suppliers based on different price benchmarks to diversify supply.   The country plans to buy 50% of its liquefied natural gas via term contracts and the remaining 50% from the spot market, PTT Public Co. Ltd.’s M. L. Peekthong Thongyai, senior vice president, said…