GLNG - Global LNG
Biden reportedly weighs stricter climate rules for new LNG exports
The Biden administration is reviewing the climate criteria for approval of new or expanded LNG export facilities, according to reports.
Petronet LNG initiates east coast expansion with Gopalpur Port terminal
In a somewhat surprising move aimed at bolstering its presence on India's east coast, Petronet LNG Limited, one of India's leading LNG importers, has inked pivotal agreements to establish its first LNG terminal in the region
LNG export capacity to increase by 70% from current levels by 2030
LNG export capacity with increase by 70% from currency levels by the end of the decade thanks to investments of more than $235bn since 2019 have been directed into upcoming LNG projects, with the first plants expected to come online this year.
US tops global LNG exports in 2023 with record year
The US was the world’s largest exporter of LNG in 2023 with record exports pushing it ahead of the other LNG heavyweights Qatar and Australia. Shipments of the super-chilled fuel climbed by 14.7% in 2023 to reach a record high of 88.9mn tonnes.
Spot LNG prices fall amid high storage levels
Spot LNG prices have tumbled amid high gas inventory levels in Europe and Asia, which have weakened demand for cargoes of the super-chilled fuel.
T&T overpromises on Dragon gas deal
Trinidad and Tobago has overpromised on the Dragon gas deal, as production is not likely to begin in two years.
Nakilat expands fleet to meet rising demand
Qatari shipping and maritime company Qatar Gas Transport Company Ltd (Nakilat) has moved to expand its fleet by placing orders for six gas vessels to meet growing demand.
Cedar LNG selects Samsung Heavy Industries and Black & Veatch for FLNG unit
Cedar LNG has awarded an engineering, procurement and construction contract to US LNG infrastructure company Black & Veatch and South Korean shipbuilder Samsung Heavy Industries for the construction and delivery of the project’s floating LNG unit.
Shell supports BP in dispute with Venture Global over LNG deliveries
The long-running dispute between US gas upstart Venture Global LNG and several contractual customers has taken another escalation with Shell filing a letter to US energy regulators on January 2.
Peru LNG reports exports up y/y in 2023
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise in 2023.
US to add significant new LNG capacity in 2024
The US leapfrogged Qatar and Australia to become the largest exporter of LNG in 2023 but it set to further its lead as several new export-oriented LNG trains come online in the next few years and win more market share for the US.
Foreign backers of Novatek’s Arctic LNG-2 said to declare force majeure
The foreign shareholders and backers of the major Arctic LNG-2 project of Russian natural gas major Novatek have declared force majeure on the participation in the project, according to Kommersant daily citing unnamed government officials.
Pakistan as a beneficiary as LNG spot price index drops
LNG futures trade volumes rise in 2023, reach record level in fourth quarter
The volume of LNG futures trades on financial exchanges climbed by more than 12% in 2023 compared to 2022 according to data from exchanges and brokers.
India's GAIL and Vitol Asia sign 1mn tonnes per year LNG supply contract
India's state gas company GAIL and commodity trader Vitol Asia have inked a long-term LNG deal spanning approximately 1mn tonnes per year for a tenure of about 10 years
India eyes strategic gas storage reserve
The Indian government is considering the establishment of a strategic gas reserve to address the volatility in natural gas prices and reduce dependence on imports
Record LNG imports in Asia as prices drop, China leads surge
In an unprecedented development, Asia's imports of LNG soared to a historical peak in December
ExxonMobil seeks imaging for Guyana gas pipeline
China regains top LNG importer position in 2023
China has regained top position as the world’s largest importer of LNG in 2023. Shipments of the super-chilled fuel climbed 12% last year to reach close to 71mn tonnes.
GLNG: US tops global LNG exports in 2023 with record year
Europe still hooked on Russian gas as US threatens to sanction LNG
Russian gas exports to Europe have tumbled since the Nord Stream 1&2 pipelines were blown up last September but EU imports of Russian LNG have jumped by 40% since the invasion of Ukraine and are currently at record levels.
India’s GAIL to purchase LNG from Vitol under 10-year deal
India’s state-run natural gas company GAIL signed a 10-year LNG purchase deal with Swiss-based commodities trader Vitol on January 5. The deal will see GAIL buy about 1mn tonnes per year of the super-cooled gas, beginning in 2026.
Eni begins gas feed into FLNG offshore Congo
Pertamina Hulu Rokan unveils oil and gas reserves in Rokan Block
PT Pertamina Hulu Rokan has recently disclosed the discovery of potential oil and gas reserves within the existing field of the Rokan Block in Rokan Hulu Regency, Riau Province
Inpex Masela's Abadi LNG project advances with trustee borrowing financing scheme
Inpex Masela Ltd. is planning to leverage a trustee borrowing scheme as a crucial element of the financing strategy for the Abadi LNG project in the Masela Block
Novatek shares tumble after reports of force majeure delivery problems from Arctic LNG-2 in 2024
Russia’s biggest LNG producer Novatek warned customers that it would not be able to meet all its delivery obligations in 2024 due to a force majeure caused by sanctions imposed on the development of its Arctic LNG-2 project by the US.
Inpex given green light on Abadi LNG project in SE Indonesia
Inpex has been given the green light on the much anticipated $20bn Abadi LNG project
Germany expects floating LNG terminal at Stade port in February
Germany’s LNG import capacity is expected to expand further in February with the arrival of a floating storage and regasification unit at the country’s terminal in the port of Stade, north-western Germany.
Papua New Guinea’s Kumul Petroleum looks to China to fund LNG projects
Papua New Guinea’s state-run Kumul Petroleum is progressing in discussions with several Chinese banks to fund the company’s stakes in two large LNG projects, a senior official at the company revealed.
Perenco opens Batanga LPG plant in Gabon
Perenco Oil & Gas Gabon (POGG) has achieved a significant milestone with the opening of its Batanga Liquefied Petroleum Gas (LPG) plant, marking the second phase of a $50mn major gas development project in the West African country.
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