LNG

A strong start to the rainy season in Brazil has boosted hydropower reservoirs and cut the nation’s need for liquefied natural gas (LNG) imports, freeing up more of the super-chilled fuel for buyers in need across the world. A historic drought last year depleted Brazil’s reservoir levels to only 16.7% of capacity at one low…

The almost 16-month-long repair operation at Equinor ASA’s Hammerfest liquefied natural gas (LNG) terminal in Norway has been extended a few months more as the company deals with impacts from the latest Covid-19 variant. The Norwegian company reported plans Monday to push start-up of the 4.3 million metric tons/year terminal from the end of March…

Germany’s new coalition government may revisit proposals to diversify the country’s natural gas supply and reduce its reliance on Russian imports.   However, the new coalition government which came into office in December, has not publicly supported any plans. Stakeholders in two of three previously proposed LNG projects for the country told NGI that they expect…

Liquified natural gas (LNG) produced at Cameron LNG could have a deep cut in its carbon footprint after Sempra Infrastructure secured a deal for renewable energy at Louisiana facilities. The company signed a memorandum of understanding (MOU) with utility Entergy Louisiana LLC to develop and procure renewable energy to help power the 12 million metric…

Implying easing concerns over winter price upside, the Jan. 19-26 trading period brought widespread basis discounts for February natural gas forwards, while a borderline absurd futures rally served up a reminder that heating season volatility is far from over. Hubs across the Northeast, Rockies, Midcontinent and West Coast posted week/week February basis discounts of anywhere…

Stronger commodity prices and sizable mergers helped two of Asia’s biggest liquefied natural gas (LNG) suppliers, Woodside Petroleum Ltd. and Santos Ltd., end 2021 with ballooning sales revenues. Both Australian companies built on the momentum of a stronger than expected 2020 by capitalizing on the market fluctuations of 2021, cashing in big at the end…

President Biden and European Commission President Ursula von der Leyen pledged Friday to work closely to ensure adequate energy supplies for Europe, including liquefied natural gas (LNG), as geopolitical tensions between Russia and Ukraine show no signs of easing.  “The United States and the European Union (EU) are working jointly towards continued, sufficient and timely…

Natural gas and oil resources can be produced in many areas today at lower than current breakeven commodity prices, allowing operators to develop their portfolios and haul in strong cash flow, Chevron Corp. CEO Mike Wirth said Friday. Wirth and CFO Pierre Breber held court with financial analysts to discuss the quarterly and full-year 2021…

A strong start to the rainy season in Brazil has boosted hydropower reservoirs and cut the nation’s need for liquefied natural gas (LNG) imports, freeing up more of the super-chilled fuel for buyers in need across the world. A historic drought last year depleted Brazil’s reservoir levels to only 16.7% of capacity at one low…