LNG

Shell plc came into 2022 at a gallop, with the No. 1 liquefied natural gas (LNG) trading and optimization portfolio righting itself and set for a big year ahead lifted by strong global commodity prices and improving demand. CEO Ben van Beurden and CFO Jessica Uhl discussed the quarter and full-year results with investors during…

Africa’s first floating liquefied natural gas (FLNG) vessel, the Coral-Sul, has arrived in Mozambique and is on track to start up one of only a few liquefaction projects slated to start service worldwide in 2022.  A rise in violence last year from militants with ties to the Islamic State group and pandemic-related issues has brought…

A European Commission (EC) proposal  to include natural gas and nuclear power in the “green taxonomy” would yield benefits from environmental and energy security perspectives, according to the head of global liquefied natural gas (LNG) shipper GasLog Partners LP. “This would accomplish the goal of reducing emissions from the generation of electricity while also securing…

After eight straight gains, natural gas futures stumbled on Tuesday as weather forecasts backed off the intensity of frigid weather expected in Texas later this week. Warmer weather in Europe, along with an increase in Russian gas flows to the continent, also weighed on U.S. markets, with the March Nymex gas futures contract down 12.3…

A European Commission (EC) proposal  to include natural gas and nuclear power in the “green taxonomy” would yield benefits from environmental and energy security perspectives, according to the head of global liquefied natural gas (LNG) shipper GasLog Partners LP. “This would accomplish the goal of reducing emissions from the generation of electricity while also securing…

European natural gas prices declined again Tuesday despite geopolitical tensions between Russia and Ukraine, which showed no signs of relenting. Mild weather and strong wind output also dragged down prices Monday, reversing last week’s gains that came as the market baked in the risk to European supplies from a broader conflict between Russia and Ukraine.…

Mexican state power utility Comisión Federal de Electricidad (CFE) and Sempra Infrastructure have signed a nonbinding memorandum of understanding (MOU) to develop two liquefied natural gas (LNG) projects and complete the Guaymas-El Oro natural gas pipeline. The LNG projects comprise the Vista Pacífico liquefaction terminal envisaged for Topolobampo, Sinaloa, and a regasification project in La…

ExxonMobil unveiled its fourth quarter and full-year results on Lunar New Year’s Day Tuesday, aptly the Year of the Tiger. For the integrated major, this year looks to be even better than 2021, with the global natural gas trading business potentially playing “a bigger role going forward,” CEO Darren Woods said. Woods offered insight into…

Liquefied natural gas (LNG) production outages broke records last year and combined with upstream underperformance to limit supplies and tighten the global market in a way that could worsen over the coming years, the International Energy Agency said Monday.  The total LNG volume lost to planned or unplanned outages was 53 billion cubic meters (Bcm)…