LNG

Royal Dutch Shell plc said Monday that it was backing out of the Lake Charles liquefied natural gas (LNG) export project under development in Calcasieu Parish, LA, due to deteriorating market conditions, leaving Energy Transfer LP (ET) to move ahead on its own.

Project changes awaiting regulatory approval and equipment delivery interruptions by the Covid-19 pandemic have delayed the scheduled 2020 construction start for a small liquefied natural gas (LNG) export project slated for Canada’s west coast.

The current economic environment, plagued by the oil price war between Saudi Arabia and Russia and the Covid-19 pandemic, may impact the schedule for sanctioning Sempra Energy’s second U.S. liquefied natural gas (LNG) export project east of Houston.

Vitol Inc. CEO Russell Hardy said Friday the Swiss commodities giant expects liquefied natural gas (LNG) to account for a growing share of revenue, as delivered volumes rose 35% to 10.5 million metric tons (mmt) in 2019.

Bedlam reigned in the global natural gas market on Thursday as more force majeures were issued, cargoes appeared to have nowhere to go, and prices continued spiraling because of widespread measures to stem the coronavirus outbreak.

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals bounced back over the weekend, surpassing 9 Bcf/d and hitting their highest point in weeks.

European natural gas storage inventories are at record highs as shoulder season nears, the Energy Information Administration (EIA) noted Tuesday, a factor that could eventually limit the continent’s ability to absorb liquefied natural gas (LNG) imports as it faces more immediate demand threats from the coronavirus.

An initial rally in natural gas forward markets in response to plunging oil prices was quickly erased during the March 12-18 period as traders weighed the broader demand implications brought on by the coronavirus.

Inclement weather along parts of the Gulf Coast has so far done more in recent weeks than the coronavirus to impact operations at U.S. liquefied natural gas (LNG) export terminals, but operators are keeping a close eye on developments at home and abroad as the disease spreads.