LNG Insight

Damage to the Nord Stream (NS) pipeline systems that connected Russian natural gas supply to Western Europe was caused by detonations and more than likely sabotage, authorities with the Swedish Security Service said Thursday. Sweden’s counter-espionage and counter-terrorism officials disclosed some of the first official conclusions into the incident since gas leaks in the Baltic…

Venture Global LNG Inc. said Thursday German utility EnBW AG would expand the amount of LNG it would take under a 20-year sales and purchase agreement (SPA) signed in June. EnBW has increased volumes under the deal by 0.5 million metric tons/year (mmty) to 2 mmty. The utility said in June it would split offtake…

European energy markets are in need of more liquidity to deal with the increasing risk of trading volatile commodities and continue operating properly, according to a panel of experts that discussed the continent’s energy crisis last week. More coordinated action among regulators in disparate European Union member states is necessary, said Cornelia Kawann, head of…

Market turmoil amid geopolitical standoffs and global inflation is forecast to result in “significantly lower” LNG trading results for the third quarter, Shell plc said Thursday. In a snapshot of quarterly results, the supermajor outlined preliminary numbers, including for its Integrated Gas division, which includes liquefied natural gas trading. Price volatility and higher delivery costs…

The United States could see increased upward pressure on natural gas prices compared with last winter, as cold weather and surging demand threaten to offset production gains, according to the National Gas Supply Association’s (NGSA) Winter Outlook. In the forecast presented Wednesday, NGSA Chairman David Attwood, who is an ExxonMobil vice president, touted the “comeback…

The state-owned organization developing the Alaska LNG export project on the Kenai Peninsula has signed an agreement with Mitsubishi Corp., Toyo Engineering Corp. and Hilcorp Alaska to study creating zero-carbon ammonia and carbon capture and sequestration projects. Alaska Gasline Development Corp. (AGDC) said the Japanese firms and Houston-based Hilcorp, the largest natural gas producer in…

Chevron Corp.’s natural gas marketing subsidiary has delivered its first cargo of LNG with fully certified offsets from three projects across Asia. The shipment of liquefied natural gas was delivered from the Gorgon project offshore of northwest Australia to state-owned CPC Corp.’s terminal in Taiwan. Chevron disclosed the greenhouse gas emissions associated with the cargo…

The Biden Administration remains committed to supporting robust levels of LNG exports in support of Europe’s efforts to bolster supplies for winter, according to a report Tuesday.  The continent is moving with haste to reduce its dependence on Russia amid the Kremlin’s war in Ukraine and is consistently calling for U.S. shipments of the super-chilled…

European natural gas prices have continued to decline since the Nord Stream (NS) pipeline systems connected to previously vital Russian gas were damaged, but the International Energy Agency (IEA) warned LNG markets could be drastically impacted into next year. In the IEA’s latest natural gas market report, researchers said the blows to Russian gas imports…