Arc Resources Ltd., one of Canada’s largest natural gas producers, said Wednesday it would send more volumes to Cheniere Energy Inc. for liquefaction and delivery to Europe. Under a gas supply agreement (GSA) signed with Cheniere, Calgary-based Arc said it would send 140,000 MMBtu/d to the Sabine Pass Liquefaction Stage 5 project in Louisiana for…
Topic / International
SubscribeInternational
Articles from International
Four Australian LNG Import Projects Progress as Regional Natural Gas Shortages Loom
Australia’s domestic natural gas shortages on the largely populated east coast are helping fuel demand for four LNG import projects, placing one of the world’s largest gas exporters on track to become an importer by 2026. As fields that have typically fed domestic markets continue to decline, the supply outlook for Australia’s east coast declined.…
Delfin LNG Project Offshore Louisiana Close to FID After Gunvor Supply Deal
Delfin Midstream Inc. has signed another agreement to supply LNG from its proposed floating liquefaction project offshore Louisiana, in what management said is another step closer to a positive final investment decision (FID). The company signed a 15-year sales and purchase agreement (SPA) to supply 0.5-1 million metric tons/year (mmty) of liquefied natural gas to…
Energy Contractors Forecasting Growth for Canadian Oil and Natural Gas Drilling in 2024
The Canadian oil and natural gas well count – chiefly in Alberta, British Columbia and Saskatchewan – will rise to 6,229 in 2024 from 5,748 this year, according to an annual fall forecast by the Canadian Association of Energy Contractors (CAOEC). “A continuation of capital discipline within energy producers will create a ceiling on potential…
Japan Weighs Energy Security Impacts After U.S. Sanctions Arctic LNG 2
The latest round of U.S. sanctions against Russian energy assets targeted at the Arctic LNG 2 project is creating uncertainty for Japanese stakeholders. PAO Novatek, Russia’s largest independent natural gas producer, launched development of the three-train, 19.8 million metric ton/year Arctic LNG 2 on the Gydan Peninsula in 2018 with plans to boost liquefied natural…
Oman Pushes Global LNG Supply Position ‘Beyond 2024’ with Latest BP LNG Deal
Oman has extended its LNG supply relationship with BP plc for an additional nine years as it progresses its “Beyond 2024” initiative to remain a significant natural gas player through the decade. BP inked a liquefied natural gas sales and purchase agreement (SPA) with Oman LNG for 1 million metric ton/year (mmty) on a free-on-board…
Qatar Pulls Europe Closer with Spate of LNG Supply Deals
Even as Qatar faces criticism over its links to Palestinian militant group Hamas, Europe is increasingly tying its future energy security to the natural gas-rich state. Energy Aspects’ James Waddell said Israel’s war against Hamas is “concerning for European buyers,” but not enough for them to stop signing long-term liquefied natural gas deals with Qatar.…
Micro Henry Hub Natural Gas Futures Trading Takes Off Amid Global Supply, Price Volatility
CME Group, the derivatives marketplace that operates New York Mercantile Exchange (Nymex) Henry Hub natural gas futures, said its new micro trading platform for gas got off to a strong start this month. Micro Henry Hub futures launched Nov. 6 and, in the initial days, surpassed 50,000 contracts. These are one-tenth the size of the…
Canadian Court Hands Victory to Petchem Industry, Striking Down ‘Unconstitutional’ Environmental Rules
Alberta and Saskatchewan have secured a Canadian court victory, to turn back environmental challenges and support the petrochemicals sector, which is a top natural gas customer. Federal Court Justice Angela Furlanetto revoked as “unreasonable and unconstitutional” an April 2021 Canadian cabinet regulation that rated all petrochemical items as “toxic” and launched restrictions on popular product…
Growing Conflict in the Middle East, Cooler Temperatures Spike Global Natural Gas Prices – LNG Recap
Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…