GLNG - Global LNG

LNGL terminates Magnolia transaction, sells to different buyer

A deal struck by Australia-based LNG Ltd (LNGL) to sell its proposed Magnolia LNG project on the US Gulf Coast fell through less than two weeks after being announced, but LNGL has sold the project to a different buyer instead.

New North American liquefaction capacity in more doubt than ever

Some LNG developers in the US and Canada say they are still targeting final investment decisions soon, but this seems to be increasingly in doubt.

Santos completes acquisition of ConocoPhillips’ gas assets

Australian independent Santos has completed its acquisition of US super-major ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced upfront price.

For first time Turkey’s LNG imports outstrip pipeline gas imports

Gas delivered via pipelines from Russia and Iran down 72% y/y and 33% y/y in March. US expanding shipments of liquefied natural gas amid glut as spot prices fall.

Ukraine signs deal to buy US LNG

TC Energy completes sale of Coastal GasLink stake

Canada’s TC Energy has completed the sale of a 65% stake in the Coastal GasLink pipeline, which it is building in British Columbia.

Alaska LNG obtains federal authorisation

The proposed Alaska LNG project has obtained federal authorisation to proceed, though the approval comes at a particularly challenging time for the LNG market, which threatens to derail new projects.

Mozambique LNG group secures more than $14bn worth of loans

France’s Total and its partners in the Mozambique LNG project are reportedly gearing up to sign a credit deal worth more than $14bn with a group of banks.

NRG: Signs of cautious optimism

Producers and investors remain cautious, as the coronavirus pandemic continues to affect energy demand, but are starting to plan for the post-crisis period.

Saudi Arabia suspends plans to ship US LNG and puts Al-Khafji on hold

QP committed to LNG expansion drive, but slashes spending

Spot prices show signs of recovery across Asia

Spot prices in Asia have risen slightly in May, though the recovery is still fragile, and has been bolstered in the short term by cancellations of cargoes from the US, as well as some regional production issues.

Thailand’s Gulf Energy wins LNG import licences

Thailand’s Gulf Energy has been granted licences to import up to 1.7mn tonnes per year of LNG.

More US shipments reaching China even as other cargoes cancelled

The number of cancelled US LNG cargoes is reported to be on the up, but this comes as more LNG from the US is reaching China after shipments between the two recently resumed.