International

A target of 1Q2024 has been set for starting overseas crude oil exports on the nearly completed Trans Mountain Pipeline expansion (TMX). By almost tripling capacity to 890,000 b/d on the 704-mile route across Alberta and British Columbia, the project would foster increased natural gas consumption as the fuel for growing bitumen production in the…

China is on track to re-export the highest annual amount of LNG since it started importing the super-chilled fuel in 2006 as the country’s major buyers get more active in the spot market and domestic demand remains weak. According to Kpler data, China has sold more than 0.40 million tons (Mt) of LNG year-to-date, up…

Germany’s government continues to face criticism from environmental groups for its ambitious LNG import capacity plans and for supporting natural gas at the recent G7 meeting in Japan.  Claims that Germany overestimated its liquified natural gas capacity needs have not been confirmed by the government. Two proposed onshore terminals in Stade and Wilhelmshaven, and the…

QatarEnergy has signed a 1.8 million metric ton/year (mmty), 15-year contract with Bangladesh’s national natural gas company as the marketing push for North Field LNG continues. Under the agreement, QatarEnergy’s liquefied natural gas trading arm could begin delivering cargoes to the Bangladesh Oil, Gas and Mineral Corp. (Petrobangla) starting in 2026. Supply is to be…

Weak prices for spot LNG and European natural gas, coupled with high levels of floating inventory, have triggered discussion about something that was unthinkable only a year ago – the prospect of U.S. cargo cancellations.

Equinor ASA has halted LNG production at its Hammerfest export terminal in Norway to repair a leak only days after work was completed to resolve a separate issue that kept the plant offline for most of May. Emergency responders were dispatched to the 4.3 million metric tons/year facility early Friday, when a gas leak was…

ConocoPhillips will raise its profile in the top rank of Canadian natural gas users, the Alberta oilsands, by way of its purchase of a bitumen underground extraction asset for about $3 billion. The Houston-based firm exercised its contractual right to double ownership to 100% of the 140,000 b/d Surmont oil site near Fort McMurray. The…

After suffering one of the worst April heatwaves on record with temperatures that soared above 100 degrees F, some Asian nations are preparing for an unusually hot summer that could require more LNG to cover power demand, particularly if El Niño develops as expected. India, Bangladesh,Thailand, and Vietnam issued tenders for liquified natural gas cargoes…

TotalEnergies SE said Tuesday that Mozambique LNG project sponsors would establish a $200 million foundation for socio-economic development in the province of Cabo Delgado to better stabilize the region where the export plant would be located.  Work on the $20 billion project was suspended in 2021 amid a rise in violence from militants with ties…