Monday, July 13, 2020

Liquefied Natural Gas News

Japan's JERA Books Hefty One-off Losses on 2019/20 LNG Supplies

Illustration only: An LNG Tanker - Credit:vladsv - AdobeStock

Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), booked tens of billions of yen in estimated one-off losses on its supply in the year ended on March 31…

US LNG Exports at 20-month Low

(File photo: Freeport LNG)

Natural gas flows to U.S. liquefied natural gas (LNG) export plants plunged this month after falling to a 20-month low in June as coronavirus lockdowns cut global demand…

Indonesia Produced 104.8 LNG Cargoes in Jan-June Period

Image for illustration - Credit: Altin Osmanaj/AdobeStock

Indonesia produced 104.8 standard cargoes of liquefied natural gas (LNG) from its Bontang and Tangguh LNG plants in between January to June. Susana Kurniasih, upstream oil and…

Essar Steel Seeking LNG Cargoes for 2021-2023

Image by donvictori0-AdobeStock

India's Essar Steel is seeking liquefied natural gas (LNG) cargoes for delivery over 2021 to 2023, two industry sources said on Tuesday.It is seeking 30 trillion British…

US Approves LNG Exports from Oregon

© vladsv / Adobe Stock

The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from a proposed terminal in Oregon, a move it said would ease U.S.

Japan's LNG Investments Drive Faces Risk of Souring

Image credit: vladsv - AdobeStock

Japan's banks and public agencies have funneled nearly $25 billion into liquefied natural gas (LNG) projects since 2017 but the investments may sour as prices plummet from…

Shell to Write Down $22B in Wake of Coronavirus

Shell Logo / Image by Alexandr Blinov - AdobeStock

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price…

India to End Federal Control of Gas prices, Lift LNG transport Use

New Delhi -  Credit:KT759/AdobeStock

India will gradually end federal controls on gas pricing as it seeks to attract foreign investment and technology to lift local output, oil minister Dharmendra Pradhan said on Friday.India…

Asian LNG Prices Steady on Ample Supply despite U.S. Cargo Cancellations

Image Credit: Altin Osmanaj/AdobeStock

Asian spot liquefied natural gas (LNG) prices remained steady this week on a continued stream of spot supply even though traders continued to cancel cargoes loading from the United States due to poor economics.

KBR to Move Away from LNG, Energy Business

Credit: KBR

Engineering and construction firm KBR Inc will exit most of its liquefied natural gas (LNG) construction and other energy projects, it told investors and employees, as customers…

Market in Focus: Gas Ships

© Wojciech Wrzesień/AdobeStock

Liquefied natural gas (LNG) shipping hasn’t been able to avoid the negative impact of COVID-19 as gas demand fell during the first quarter of 2020.The residential sector…

Gunvor Returns to Profit in 2019

© Andrea Izzotti / Adobe Stock

Energy trader Gunvor Group returned to profit in 2019 after its first net loss a year earlier, helped by record earnings in its U.S. division, and said business so far in…

Snam Sees Limited Impact from Coronavirus on Targets

(Photo: Snam)

Italian gas company Snam can't reliably calculate the effects of the coronavirus pandemic on its business outlook but doesn't see any major impact, it said on Thursday."The…

US LNG Exports Drop More Than a Third

© nikkytok / Adobe Stock

U.S. liquefied natural gas exports are down by more than a third since governments started imposing lockdowns to stop the spread of the coronavirus.Worldwide gas prices…

Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts

Illustration; An LNG Carrier - Image by vladsv/AdobeStock

Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows…

Japan Spot LNG Import Prices Hit Record Low

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Prices for spot liquefied natural gas (LNG) cargoes imported into Japan, the world's biggest buyer of the fuel, fell in April to their lowest since the country's trade ministry started compiling data in 2014.

Qatar Petroleum to Cut Spending by 30%

Qatar Petroleum CEO Saad al-Kaabi - (File photo: Qatar Petroleum)

Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic, its Chief Executive…

EXIM Bank Amends Mozambique LNG Loan. Earmarks $1.8B for Offshore Work

File Photo: Total

The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG…

Total Secures $14.4 Bln Funding for Mozambique LNG

dvoevnore - stock.adobe.com

French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique, two sources said on Wednesday.A source with knowledge…

New Hospital Planned for Russian Village Building Novatek's LNG Plant

Illustration; A tanker next to the gravity based structure being built for Novatek - Credit: Novatek

Russia's Arctic region of Murmansk plans to build a new temporary hospital in a village where a vital liquefied natural gas supply plant is being built after an outbreak…