Sanctioned Arctic Mulan LNG Tanker Berths in China
A tanker carrying liquefied natural gas from Russia's sanctioned Arctic LNG 2 plant has moored at an import terminal in southern China on Thursday, after loading at a Russian storage facility in June, Kpler and LSEG ship-tracking data showed.If the tanker discharges the LNG at the terminal, this would be the first cargo from the Arctic LNG 2 project to be received. The project is targeted by Western sanctions over Russia's war with Ukraine.The Arctic Mulan LNG tanker was idling off the coast of Egypt from February to April before travelling through the Suez Canal…
Germany Looks to Meet European Demand with Canadian LNG
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada's Energy and Natural Resources Minister Tim Hodgson said on Wednesday.Canada, the world's fifth-largest natural gas producer, shipped its first-ever liquefied natural gas export cargo in June from the recently constructed LNG Canada facility in British Columbia, which is led by Shell and is the first North American LNG export site with direct access to the Pacific Ocean.The bulk of LNG Canada's exports is expected to ship to Asia…
DP World Wins Contract to For Floating LNG Facility Off Mexico
Drydocks World, a unit of DP World, a Dubai-owned ports and logistics company, has secured an engineering, procurement, and construction contract for the construction of what it said would be the world's largest floating liquefied natural gas facility off Mexico's west coast, the Dubai Media Office announced on Monday.Once operational in the second half of 2028, the four-vessel facility commissioned by AMIGO LNG will provide more than 4.2 million tonnes per annum (MTPA) of liquefaction capacity, it said.(Reuters)
Tokyo Gas to Buy LNG from Venture Global
Tokyo Gas is in discussions with Venture Global to purchase 1 million metric tonnes per annum of liquefied natural gas from the company's CP2 export facility, three people with knowledge of the talks told Reuters on Monday.Venture Global is the second largest U.S. LNG exporter and since 2023 has been the main source of the country's growing LNG export capacity, helping the U.S. remain the world's largest exporter of the superchilled gas.Tokyo Gas is negotiating the purchase of LNG from Venture Global on a 20-year contract, two of the three people told Reuters.
WhiteWater, Partners Move Ahead with Eiger Express Pipeline Construction
WhiteWater and its partners have reached a final investment decision (FID) to move ahead with the construction of the Eiger Express Pipeline, the infrastructure firm said on Monday.Driven by a boom in U.S. liquefied natural gas exports as well as rising demand for natural gas on the back of increasing electricity consumption, gas production in the country's shale fields is expected to rise even as oil output begins to plateau.U.S.
Increasing US LNG Exports to Catalyze Shale Production Growth
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's maturing shale industry which has seen growth slow and costs rise.The U.S. is the world's largest oil and natural gas producer, but many of its best drilling locations have been tapped. While oil production is expected to plateau or fall in coming months, gas remains a bright spot for the industry thanks primarily to the country's booming exports.U.S.
ConocoPhillips to Buy 4 Million Tons LNG from Sempra's Port Arthur Phase 2 Project
U.S. oil and gas producer ConocoPhillips said on Thursday it would secure 4 million tonnes per annum of liquefied natural gas from Sempra's Port Arthur LNG Phase 2 project in Texas to serve key global markets.Commercial activity in the U.S. LNG sector has picked up pace after President Donald Trump lifted a moratorium on new liquefied natural gas export permits soon after taking office in January.ConocoPhillips will buy LNG over a 20-year term on a free-on-board basis, the company said in a statement.The United States is the world's largest LNG exporter…
Demand at Two Top US LNG Plants Declines
Two of the United States' largest liquefied natural gas export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG.Cheniere's Sabine Pass export facility in Texas, which utilizes up to 4.5 billion cubic feet of natural gas per day, was down to 3.7 bcf, and Sempra's Cameron LNG plant in Louisiana, which processes 2 bcfd, was down to 1.3 bcf, according to LSEG data.Cheniere declined to comment, while Sempra did not…
Asian Spot LNG Prices Decline, Weak Demand Amidst Sanctions
Asian spot liquefied natural gas (LNG) prices declined this week due to weak demand and as markets awaited further clarity on U.S. Russian energy sanctions or secondary tariffs.The average LNG price for September delivery into north-east Asia LNG-AS was at $11.90 per million British thermal units (mmBtu), down from $12.10/mmBtu last week, industry sources estimated.Spot global gas prices have been relatively rangebound since the start of summer gas season in April, with a brief spike during the Iran strikes in June, said Alex Froley…
NextDecade Sets September For Investment Decision on Rio Grande LNG Train 5
U.S.
Sempra Infrastructure to Supply LNG to JERA in 20-Year Deal
Sempra Infrastructure, a unit of U.S. energy company Sempra, will supply 1.5 million tonnes of liquefied natural gas (LNG) per year to Japan's biggest power generator JERA in a 20-year deal, it said on Thursday.The LNG would be supplied from Sempra's Port Arthur LNG Phase 2 development project in Texas, it added.The United States is the world's largest exporter of LNG, shipping 11.9 billion cubic feet per day of the supercooled fuel in 2024, and has gained further momentum following President Donald Trump's lifting of a…
US LNG Producers Lead Gains as EU Pledges $750b
Liquefied natural gas developers led gains for U.S. energy companies in early trading on Monday, after the European Union pledged $750 billion worth in strategic purchases as part of a sweeping trade pact.The framework trade deal, which ended months of uncertainty for industries and consumers on both sides of the Atlantic, calls for strategic purchases, covering oil, gas, and nuclear fuel, during U.S. President Donald Trump's term in office.NextDecade, Venture Global, and Cheniere Energy jumped between 3.5% and nearly 7%…
Asian Spot LNG Prices Fall to Ten-Week Low
Asian spot liquefied natural gas (LNG) prices slipped for a second consecutive week to a ten-week low, weighed down by tepid demand and increasing supply from new projects.The average LNG price for September delivery into north-east Asia LNG-AS was at $11.90 per million British thermal units (mmBtu), industry sources estimated. This is down from $12.30/mmBtu last week and its lowest since May 16."Prices fell this week in part because of persistent weak Asian demand, with limited additional spot demand in northeast Asia during a heatwave because much of the additional cooling demand is being met by cheaper coal-fired generation…
