LNG Insight

China LNG Reloads Surge Amid Weak Domestic Demand

China LNG Reloads Surge Amid Weak Domestic Demand

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…

June 6, 2023
TTF Soars as Maintenance, Unplanned Outages Tighten Global Natural Gas Supplies – LNG Recap

TTF Soars as Maintenance, Unplanned Outages Tighten Global Natural Gas Supplies – LNG Recap

European natural gas prices surged on Monday, lifted by a jump in other commodities and ongoing competition for LNG amid a tightening pool of supplies.  The prompt Title Transfer Facility (TTF) contract surged by more than 20% to finish at nearly $9/MMBtu. Monday’s sharp spike came after nine straight weeks of losses, when TTF fell…

June 5, 2023
New Fortress Energy Secures ‘Final Piece to the Puzzle’ for Mexico LNG Export Project

New Fortress Energy Secures ‘Final Piece to the Puzzle’ for Mexico LNG Export Project

New Fortress Energy Inc. (NFE) said last week it has obtained an export permit from Mexico’s energy ministry Sener for the offshore Altamira Fast LNG project.  The permit allows NFE to export up to 7.8 million metric tons of liquefied natural gas through April 2028, “providing ample capacity to support the operations” of the 1.4…

June 5, 2023
Cheniere’s Midship Ordered to Compensate Oklahoma Landowners for 1.1 Bcf/d Natural Gas Pipeline Construction

Cheniere’s Midship Ordered to Compensate Oklahoma Landowners for 1.1 Bcf/d Natural Gas Pipeline Construction

A federal court in Oklahoma has ordered Cheniere Energy Inc.’s Midship Pipeline Co. LLC to pay landowners nearly $170,000 plus interest for the use of private land during the pipeline’s construction.  The pipeline started flowing up to 1.1 Bcf/d of natural gas in April 2020. However, area landowners in August 2021 said pipeline construction had…

June 5, 2023
Natural Gas Forwards Sink as Storage Rises, June Heat Disappoints

Natural Gas Forwards Sink as Storage Rises, June Heat Disappoints

As natural gas markets restlessly awaited the arrival of more impressive cooling demand, regional forwards tumbled from coast to coast during the May 25-31 trading period, NGI’s Forward Look data show. July fixed prices at benchmark Henry Hub shed 30.6 cents for the period to end at $2.267/MMBtu. Discounts of around 25-35 cents were common…

June 2, 2023
Low-Emission Tugboats Under Construction for LNG Canada as Project Advances

Low-Emission Tugboats Under Construction for LNG Canada as Project Advances

Native and environmental traits deck a naval arm of custom-built tugboats that the first major Canadian LNG export project will launch on the northern Pacific coast of British Columbia. The HaiSea Marine partnership of Seaspan ULC and the Haisla First Nation tribal host of LNG Canada at Kitimat announced that deliveries have begun of five…

June 2, 2023

Hammerfest LNG Expects to Finish Repairing Gas Leak Soon – The Offtake

An unplanned outage that started Wednesday at Equinor ASA’s Hammerfest LNG export facility in Norway is expected to last until June 8, according to a notice submitted to Gassco, the country’s transmission system operator.

June 2, 2023
Germany Sticks With Plans to Boost LNG Import Capacity Despite Environmental Opposition

Germany Sticks With Plans to Boost LNG Import Capacity Despite Environmental Opposition

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…

June 2, 2023
QatarEnergy Signs on Bangladesh as Marketing Push Starts for Massive North Field LNG Projects

QatarEnergy Signs on Bangladesh as Marketing Push Starts for Massive North Field LNG Projects

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…

June 1, 2023
Ksi Lisims LNG Commits to Net-Zero Emissions in Bid for BC Approval

Ksi Lisims LNG Commits to Net-Zero Emissions in Bid for BC Approval

The Ksi Lisims LNG export project, proposed to move 12 million metric tons/year of natural gas to overseas markets from the west coast of British Columbia (BC), can achieve a net-zero carbon goal by 2030, sponsors promised in a letter to provincial authorities. Led by the Nisga’a Nation, the proposed liquefied natural gas project said…

June 1, 2023
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