LNG Insight

Golar LNG Ltd. said a joint venture it formed with New York City-based Stonepeak Infrastructure Partners has filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC) to better build out import terminals and downstream natural gas assets across the world.   Hygo Energy Transition Ltd., formerly known as Golar Power Ltd.,…

Tokyo Gas Co. Ltd., one of the largest buyers of liquefied natural gas (LNG) in Japan, said Tuesday that it has established a new company to more actively trade the super-chilled fuel as it looks to strengthen its hand in the global market.  TG Global Trading Co. Ltd. (TGT) has been established to build on…

U.S. liquefied natural gas (LNG) exports fell by 23.2% in June compared to the same month last year, their first year/year (y/y) decline since January 2016, according to the latest monthly data compiled by the Energy Information Administration (EIA). Total natural gas exports dropped by 6.1% to 11.3 Bcf/d, the first annual decline for any…

An affiliate of Warren Buffet’s Berkshire Hathaway Inc. said Monday that it has taken stakes in five of Japan’s biggest trading companies, which have significant oil and natural gas holdings worldwide.  Subsidiary National Indemnity Company has acquired more than 5% of the outstanding shares of Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. and…

Four days after Hurricane Laura made landfall near Lake Charles, LA, both Cheniere Energy Inc. and Sempra Energy reported minimal damage at the Cameron and Sabine Pass LNG terminals.  Both facilities were still offline on Monday. Sempra’s Cameron LNG took a direct hit from the storm, which came ashore packing 150 mph winds and was…

Natural gas forward prices experienced yet another surge in the week before Hurricane Laura, a Category 4 storm packing 150 mph winds, made landfall, according to NGI’s Forward Look. Double-digit gains were the norm outside of the Northeast and California, helped in part by surging global gas prices and a pullback in production ahead of…

The Dutch government has authorized Taqa Energy BV to add much needed underground natural gas storage capacity at its Bergermeer facility in Northwest Europe that the company expects to make available by October. Taqa said Friday that it had been given the green light to expand its facility, Europe’s largest open access natural gas storage,…

A roundup of news and commentary from NGI’s LNG Insight Venture Global Inc. reported “minimal” damage at Calcasieu Pass LNG terminal construction site in Cameron, LA. Hurricane Laura passed directly over the project. Storm protection system, including a perimeter wall and water pumping system helped mitigate impacts, company said.  Venture is working with its contractor…

Natural gas futures skyrocketed Thursday, even as Hurricane Laura struck a key natural gas export terminal when it slammed the Gulf Coast overnight and threw into question a recovery in liquefied natural gas (LNG) demand. With production still curtailed and a tighter government storage stat in hand, traders lifted the expiring September contract up 11.8…