LNG

Warmer weather in Europe and Asia weakened competition for liquefied natural gas (LNG) cargoes and pushed prices lower as the week got underway. The Title Transfer Facility (TTF) climbed higher for most of last week, reversing declines that came with the end of December. The contract lost steam and closed lower Friday. The Japan-Korea Marker…

New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…

Liquefied natural gas (LNG) tankers previously en route to Asia are still diverting toward Europe as the western part of the continent continues to deal with reduced pipeline flows and low storage inventories that have supported high prices. After diverted LNG vessels made headlines last month, market research firm Kpler has continued to track 14…

Lifted by soaring prices, Royal Dutch Shell plc’s liquefied natural gas (LNG) trading results for the final three months of 2021 are forecast to be “significantly higher” sequentially, the European major said Friday.  The world’s largest LNG trader provided the outlook in an interim report ahead of quarterly and year-end results, which are set to…

The United States has the potential to be the world’s largest liquified natural gas (LNG) exporter in 2022, according to new analysis, boosted by swelling supplies and growing LNG terminal capacity. In a new report by researchers at IHS Markit, the United States could jump from the third largest exporter in 2021 to the top…

Gazprom PJSC said in a report to Russian President Vladimir Putin last week that it continues to fulfill all contractual obligations for shipping natural gas to Europe, which has been desperate for the fuel this winter.  “As usual, Gazprom has been providing reliable gas supplies to our consumers in Russia and abroad,” said Gazprom’s Alexey…

As traders looked ahead to the latest round of government inventory data, expected to show a much lighter-than-average weekly withdrawal, natural gas futures probed both sides of even early Thursday. The February Nymex contract was off 1.5 cents to $3.867/MMBtu at around 8:45 a.m. ET but ventured as high as $3.931 earlier in the morning.…

A 2 million metric tons/year (mmty) liquefied natural gas (LNG) terminal in the Malaysian state of Sabah was announced Tuesday (Jan. 4) with the launch of a masterplan by the country’s state-owned Petroliam Nasional Berhad, aka Petronas, and the state government. The new facility planned for the Sipitang Oil and Gas Industrial Park is a…

The dip in oil and gas production that Southeast Asia has seen since 2020 is exacerbating a downward trend in regional volumes that may continue into the decade ahead, according to a recent industry analysis. Analysts with Rystad Energy recently predicted that the region’s combined oil and gas production would likely not push above the…