LNG Insight

The 215th and final prefabricated piece has voyaged across the Pacific to the first Canadian liquefied natural gas export terminal, LNG Canada, under construction on the northern coast of British Columbia at Kitimat. Fluor Corp., the engineering firm contracted to assemble the C$18 billion ($13.5 billion) operation, reported that the arrival from a Zhuhai manufacturing…

The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. During the conference call to discuss second quarter 2023 results, Simonelli said recent customer discussions to advance more liquefied…

The European Union (EU) and Japan, two of the world’s largest importers of natural gas, agreed this week to strengthen energy cooperation by establishing an EU-Japan energy security dialogue focused on global LNG flows. The partnership will work to improve global security of supply, transparency of markets and reduction of methane emissions in the liquefied…

Australia and the United States, respectively the world’s second and third largest LNG producers, have agreed along with major natural gas buyers to reduce methane emissions and leaks across the export value chain. The two major liquefied natural gas producers and representatives from the European Commission (EC), Japan and South Korea signed a joint statement…

The Alberta and British Columbia (BC) governments have set out to gain formal, international greenhouse gas (GHG) reduction credits for exporting LNG as a replacement for coal and oil in other countries. Alberta Premier Danielle Smith last week told attendees of the International Gas Union’s LNG2023 conference in Vancouver that she has begun talks with…

U.S. natural gas prices may be bottoming out, with more positive signs to the end of the year, according to several energy analyst teams previewing quarterly profits. The top oilfield services (OFS) companies are set to roll out their second quarter 2023 results beginning this week, along with some midstream operators. In the next few…

Asian LNG prices remain higher than those in Europe as weak demand, high storage inventories and mild weather on parts of the continent are keeping a lid on the cost of natural gas. The August Title Transfer Facility (TTF) contract fell by 12% last week and the Japan-Korea Marker (JKM) prompt futures contract followed suit…

More U.S. LNG cargoes are taking longer and costlier routes to reach consumers in Asia as a drought impacting levels at the Panama Canal has increased wait times to transit the waterway. “The Panama Canal remains a primary route for U.S. LNG to access Asian markets, though an increased volume of trade is utilizing other…

Click here to listen to the latest episode of NGI’s Hub & Flow. Rapidan Energy Group’s Alex Munton, director of global gas service, joins NGI’s Senior LNG Editor Jamison Cocklin to discuss how U.S. regulators are stepping up efforts to more closely scrutinize liquefied natural gas export authorizations as global trading booms.  They analyze the…