LNG Insight

LNG Carrier Market Struggles to Keep Up with Liquefaction Capacity Buildout

LNG Carrier Market Struggles to Keep Up with Liquefaction Capacity Buildout

Samsung Heavy Industries (SHI), one of the world’s largest shipbuilders, said Thursday it has secured orders worth $405 million for two 174,000 cubic meter (m3) liquefied natural gas (LNG) carriers from Malaysian-based shipping firm MISC Berhad.

October 10, 2019

Qatar’s LNG Expansion Brings Supply-Demand Fundamentals into Focus

Qatar’s announcement on Tuesday that it remains committed to expanding its natural gas exports worldwide by 2024 brings into focus the question of when the ongoing supply glut in global liquified natural gas (LNG) markets could come to an end.

October 9, 2019
FERC Again Delays Environmental Review of Jordan Cove LNG Project

FERC Again Delays Environmental Review of Jordan Cove LNG Project

For the second time this year FERC has delayed completion of an environmental impact statement (EIS) for the Jordan Cove liquefied natural gas (LNG) export facility and companion Pacific Connector Pipeline project in Oregon.

October 7, 2019
Traditional LNG Contracting Tossed Overboard as Diverse Buyers, Sellers Take Helm

Traditional LNG Contracting Tossed Overboard as Diverse Buyers, Sellers Take Helm

The traditional point-to-point model that has served the global liquefied natural gas (LNG) market for decades is quickly evolving as a diverse set of suppliers offer cargoes and more buyers are able to shop on their own terms.

October 4, 2019

Thailand to Build Third LNG Import Terminal

The Industrial Estate Authority of Thailand (IEAT) said on Tuesday it had signed an agreement worth $1.33 billion with Gulf MPT LNG Terminal Co. to build the country’s third liquefied natural gas (LNG) import terminal.

October 3, 2019
Russian Energy Minister Calls U.S. LNG Exports to Europe ‘Purely Protectionism’

Russian Energy Minister Calls U.S. LNG Exports to Europe ‘Purely Protectionism’

Russia’s energy minister on Wednesday reportedly said the United States does not appear to be prepared to allow for global market competition when it comes to natural gas exports.

October 3, 2019

Sempra Inks LNG MOU with China Operator, Sells Peru Assets for $3.59B

Sempra Energy on Monday said its liquefied natural gas (LNG) unit has a memorandum of understanding with a Chinese operator to provide supply for the country’s power generation sector.

October 1, 2019
Asia Utilities Renegotiating Long-Term LNG Contracts for Flexibility

Asia Utilities Renegotiating Long-Term LNG Contracts for Flexibility

Tokyo Gas, Japan’s largest natural gas utility, is joining like-minded gas importers and plans to renegotiate long-term liquefied natural gas (LNG) contracts to remove restrictive destination clauses and increase flexibility.

October 1, 2019
West Delta LNG Readies Deepwater Export Facility Offshore Louisiana

West Delta LNG Readies Deepwater Export Facility Offshore Louisiana

West Delta LNG LLC, an affiliate of Houston-based LNG 21, has applied for federal authorizations to build, own and operate a fixed-platform deepwater port in the Gulf of Mexico (GOM) offshore Louisiana and onshore facilities to export liquefied natural gas (LNG).

September 30, 2019

Shell’s LNG Volumes Rising on ‘Strong Trading’ Performance

Royal Dutch Shell plc expects to record lower overall upstream production in 3Q2019 than a year ago, but liquefied natural gas (LNG) volumes are expected to rise sequentially.

September 30, 2019