Tag: liquefied natural gas

September 29, 2023

Aramco has signed a definitive agreement to acquire a stake in MidOcean Energy for $500 million, a liquefied natural gas (LNG) company. With this strategic minority of the company formed and managed by institutional investor EIG, this marks Aramco’s first […]

September 8, 2022

Germany plans to keep two of its three last nuclear power plants on standby until mid-2023—beyond their year-end closure deadline—to bolster its energy security through the winter. However, the declaration has prompted confusion within Germany’s nuclear industry, which says nuclear […]

March 30, 2022

The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to the European Union (EU) but also reduce overall natural gas demand in the U.S. and EU through […]

May 4, 2020

Is the United States sanctioning Russia’s natural gas pipeline that ends at Germany’s edge because it wants to sell more liquefied natural gas (LNG) to Europe or because Russia illegally annexed Crimea? The stated aim has a dual purpose — […]

February 21, 2020

The global liquefied natural gas (LNG) market continued to evolve in 2019 with demand increasing for LNG and natural gas in power and non-power sectors, reports Shell’s latest annual LNG Outlook published this week. Global demand for LNG grew by […]

February 14, 2020

China is the single most important growth market for liquefied natural gas (LNG). At the margins of LNG trade five years ago, government policy to improve air quality sparked a dash for gas. China has accounted for 40% of the […]

April 17, 2019

The feed gas for new LNG projects will come from the ultra-deepwater Rovuma Basin, where over 125 trillion ft3 of recoverable natural gas resources have been discovered to date. This consists of 75 trillion ft3 in block Area 1 and […]

March 28, 2019

Liquefied Natural Gas (LNG) market sentiment is increasingly leaning in favor of substantial volumes of North American, especially U.S., cargoes heading to global markets, as ample supply is pushing rising shale gas production into export markets and beyond the reach […]

February 25, 2019

A rebound in new long-term LNG contracting in 2018 could revive investment in liquefaction projects. Based on current demand projections, Shell still expects supplies to tighten in the mid-2020s. Strong demand for cleaner-burning fuel in Asia continued to drive rapid […]

January 28, 2019

An escalating trade war between the world’s two largest economies would be nonsensical, according to executives from the liquefied natural gas (LNG) market. Oil giants and energy companies are increasingly interested in LNG — a form of natural gas chilled […]

December 7, 2018

While the U.S.-China trade war installs a cease-fire, there is an emerging opportunity for us to better link with our European allies to supply them more energy. After all, Europe has long sought to lower an over reliance on Russian […]

November 7, 2018

As the U.S. seeks to make a bigger splash into the global LNG export business, we can be sure of one thing: stiff competition persists. With the highest GDP per capita, “The Richest Country in the World” Qatar has been […]

September 7, 2018

The mood music is upbeat. Just 18 months ago the liquefied natural gas (LNG) market was depressed, anticipating an extended period of oversupply. But things haven’t played out quite like that, and prices have staged a strong recovery. The market […]

July 24, 2017

The short answer to the question posed is…yes….it already has. After 18 months of exporting, some 35% of all U.S. LNG has reached Asia. It’s clear that the Asian giants want to reduce their coal over-reliance by using more natural gas. I’ve documented […]

May 26, 2017

The U.S. and China have announced the initial steps in their 100-Day action plan of the Comprehensive Economic Dialogue, inviting Chinese companies to negotiate long-term contracts for liquefied natural gas (LNG) shipments from U.S. suppliers. This is a really big deal. […]

April 17, 2017

Cheniere Energy recently celebrated loading its 100th LNG export cargo to nearly 20 countries from Sabine Pass in Louisiana, the first such facility in the contiguous U.S. Now at over 2 Bcf/d and with five additional export terminals expected by 2020, the […]

June 1, 2016

Five years ago the International Energy Agency (IEA) issued a report entitled, “Are We Entering a Golden Age of Gas?” Gas development was booming, from both conventional resources and US shale deposits, and gas was widely seen as a vital […]

March 9, 2016

The liquefied natural gas market (LNG) has a big problem: supply of the commodity is expected to outstrip demand for rest of the decade, said an analyst Wednesday. The mismatch—bumper facilities coming on stream just as large buyers such as […]