International

India’s natural gas consumption is expected to increase this year, driven partly by a projected jump in LNG arrivals that are seen as crucial to the government’s goal to more than double the share of natural gas in the country’s power generation mix by 2030. “We are expecting Indian liquified natural gas imports to climb…

Natural gas futures swung from a 14-year high above $9.00/MMBtu in the summer of 2022 – following Russia’s invasion of Ukraine and shocks to global supplies — to lows below $2.500 a year later amid robust production and demand fluctuations. While natural gas prices are always difficult to forecast, it’s a safe bet more fluctuations…

Talks to avert strikes at three LNG export facilities in Western Australia are expected to stretch into next week after negotiations between the labor unions, Chevron Corp. and Woodside Energy Group Ltd. have made little headway. Discussions were scheduled to continue next Wednesday (Aug. 23) in order to give both sides time to consider what…

Adnoc Gas plc has inked a five-year LNG sales and purchase agreement with Japan Petroleum Exploration Co. (Japex) as Abu Dhabi aims to sustain and grow its influence on Asian gas markets. The firms didn’t disclose an annual volume of liquefied natural gas for the contract, but valued the deal at between $450 and $550…

Growing requirements for industrial chemistry to improve natural gas and oil pipeline flows and drilling results lifted second quarter results for CES Energy Solutions Corp., a barometer of activity in Canada and the United States. The Calgary-based company said “the recovery in global energy demand, combined with several years of lower investment in the upstream…

The dollar value of two-way oil and natural gas trade between Canada and the United States swelled last year to a record $190 billion, as global markets reacted to Russia’s invasion of Ukraine, according to federal researchers. Inflation-adjusted records showed that last year’s energy trade overall between the United States and Canada topped the 2008…

Qatar, one of the top global LNG exporters, is having a banner year. The country has signed record volumes of long-term liquified natural gas supply contracts with new and existing buyers.  But it remains uncertain how much of the additional capacity that is being developed by QatarEnergy (QE)  will be committed by the end of…

Hundreds of North Sea oil and gas licenses are set to be granted in the UK within months to reduce reliance on oil and natural gas imports to strengthen the country’s energy independence.  UK Prime Minister Rishi Sunak reaffirmed the UK’s commitment to oil and gas, saying late last month that “even when we’ve reached…

Despite a slower than expected economic recovery from the Covid-19 pandemic, China gradually regained its position as the world’s largest LNG importer in July, raising the potential for a winter supply squeeze. China’s liquefied natural gas imports from the beginning of the year through July totaled 42.2 million tons (Mt), placing it around 2 Mt…