LNG Insight

Royal Dutch Shell plc’s global workforce by the end of 2022 is expected to have up to 9,000 fewer people, including 1,500 taking voluntary retirement this year, the energy major said in a third quarter update. Post-tax impairments in the 3Q2020 update were estimated at $1-1.5 billion. The preliminary report indicated that Shell expects to…

Shrinking production, growing exports and somewhat colder weather should see this winter’s natural gas prices trend upward compared with last winter, even as the Covid-19 pandemic threatens to hinder demand, according to new projections from the Natural Gas Supply Association (NGSA). Total exports, both by way of liquefied natural gas (LNG) terminals and via pipeline…

Bechtel Corp. has been recruited as a candidate to build the delayed liquefied natural gas (LNG) export terminal on the Atlantic coast of Nova Scotia. Project sponsor Pieridae Energy Ltd. said Wednesday that Bechtel accepted an assignment to review the eight-year-old export proposal and present an execution plan by March 31. The agreement also requests…

A fire that broke out Monday at Equinor ASA’s Hammerfest liquefied natural gas (LNG) terminal in northern Norway has forced the company to shut down the plant indefinitely, compounding unplanned supply outages elsewhere in the world.  The fire broke out in one of the turbines that power the 4.3 million metric tons per year (mmty)…

Baker Hughes Co. said Tuesday it will supply Qatar Petroleum gas-powered refrigerant units for an expansion of the Middle Eastern country’s liquefaction capacity to 110 million metric tons/year (mmty) from 77 mmty by 2025. The Houston-based oilfield services giant said it is among the largest liquefied natural gas (LNG) deals it has secured in the…

Australian Prime Minister (PM) Scott Morrison wants to create a transparent domestic natural gas hub along the east coast similar to Henry Hub in order to lower gas prices in the region and spur an economic recovery from the Covid-19 pandemic. The idea was among a number of measures that Morrison proposed earlier this month…

The heightened uncertainty plaguing gas markets so far in 2020 because of Covid-19 is expected to carry through the winter season, but a bright spot is emerging for the United States as liquefaction is expected to resume full operations by November with growing demand in Europe and Asia. In a webinar Thursday discussing the outlook…

Feed gas started trickling into Sempra Energy’s Cameron liquefied natural gas (LNG) export facility in Louisiana over the weekend, a little more than a month after it was shut down before Hurricane Laura made landfall.  About 12 MMcf of natural gas was delivered to the facility on Sunday, with the same amount scheduled for Monday,…

Blackstone Group Inc. has closed the sale of its 42% stake in Cheniere Energy Inc.’s master limited partnership (MLP) in a transaction valued at $7 billion. The private equity firm sold the units it held in Cheniere Energy Partners LP (CQP) to affiliate Blackstone Infrastructure Partners and Brookfield Infrastructure. The firm first invested $1.5 billion…