Processing/LNG
Singapore Appoints Two More Term LNG Importers
Singapore's Energy Market Authority has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) as term liquefied natural gas importers for the city state, increasing the number of players to four.
Tugs Work to Free Giant Container Ship Stranded in Suez Canal
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.
Perspective: China’s Gas Conundrum – Cleaner Air but Growing Security Risk
China has made significant progress building a gas distribution network to supply residents in major urban centers, helping provide cleaner and more convenient energy for heating and cooking while reducing air pollution.
Excelerate Energy, ExxonMobil, Albania Agree to LNG Terminal Study
Excelerate Energy, ExxonMobil LNG Market Development and the Republic of Albania (The Ministry of Infrastructure and Energy) signed a Memorandum of Understanding to conduct a feasibility study for the potential development of a liquefied natural gas (LNG) Project in the Port of Vlora in Southern Albania.
Subsea Pipeline Could Double Israeli Gas Exports to Egypt
A subsea pipeline that would connect Israel's Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel's gas export capacity to Egypt, the Israeli energy minister said.
US LNG Exports: Uneven Pathway from Oilfields to Terminals
Analysts believe a second wave of global LNG demand is coming in the mid-part of this decade, despite 2020's severe downturn in global energy markets.
Argentina's Vaca Muerta Growth Depends on LNG to Asia
Argentina needs to plan and build more liquefied natural gas (LNG) capacity to accelerate the development of its largest shale play, Vaca Muerta, the CEO of Pan American Energy said.
Lithuania to Poland LNG Pipeline to Come Online Next Year
Lithuanian state-controlled energy company Ignitis Group will start supplying liquefied natural gas (LNG) to Poland next year when a new pipeline between the two countries comes online, its CEO said on Monday.
Asian LNG Prices Fall on Lower Heating Demand
Asian liquefied natural gas (LNG) prices fell this week, with less demand for heating in the region and expectations that exports out of the United States will normalize after the Texas storm.
Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets
Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.
Traders Supply Mexico With Emergency LNG After Power Crisis
Mexico's state-run power company resorted to LNG imports as natural gas supplies from the southern United States, especially neighboring Texas, were hit by frozen pipelines and rocketing prices caused by a cold snap.
Spain’s Reganosa to Operate Sardinia’s First LNG Terminal
Spain’s Reganosa won a contract to operate and maintain the first liquefied natural gas (LNG) terminal on the Italian island of Sardinia, the company announced.
Energy Transfer Upping NGL Investments as Oil Pipeline in Doubt
Energy Transfer LP executives said the company is deepening its investments in natural gas liquids (NGLs) as crude oil pipeline shipments decline and as the company faces the possible closure of its Dakota Access line.
President Asks Mexicans to Ration Power as Texas Limits Fuel
Mexico's president asked consumers on Thursday to use less electricity in the evenings as a measure to help overcome shortages of natural gas from Texas, which is seeking to ban exports of the fuel during freezing weather.
Texas Oil Producers Still Shut; Governor Bans Natural Gas Exports
The Texas governor ordered a ban on natural gas exports from the state to try to speed the restoration of power, which could heavily impact Mexico.
U.S. LNG Exports Forecast to Exceed Pipeline Exports in 2022
EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022.
Watchdog says Australia Needs LNG Import Terminal to Avoid Gas Shortfall
Australia's southern states will need to import natural gas to fill a looming shortfall by 2024, as last year's COVID-19 induced oil and gas price slump has slowed investment in new fields, the country's competition watchdog said on Tuesday.
South Africa’s Gas-to-Power Plan to Boost Pipeline Market
South Africa is eyeing the generation of at least 3,000 MW from various gas-to-power technologies by 2027. This trend is likely to increase investments in natural gas exploration, indigenous production and liquefied natural gas (LNG) imports.
U.S. LNG Exports Exceed Natural Gas Pipeline Exports
U.S. LNG exports exceeded the country's natural gas exports by pipeline in November 2020 for the second time since 1998.
Polish Gas Firm PGNiG's LNG Imports Rise 10%
Liquefied natural gas imports by Poland's dominant gas firm PGNiG rose by 10% in 2020 to 3.76 billion cubic meters, as the company continues to look to reduce its reliance on Russian gas, it said on Thursday.
Russia Lawmaker Suggests Taxing Yamal LNG Over Challenging Gazprom
Russia's flagship liquefied natural gas project, privately-owned Yamal LNG, is challenging state gas giant Gazprom in its core European market, and should either be taxed or have a limit put on its sales there, a lawmaker said.
Edge LNG Announces New Texas Facility
Edge Gathering Virtual Pipelines 2, a pioneer in delivering low-cost, high quality LNG to market by converting stranded and flared natural gas, unveiled its new facility in Midland, Texas, due to growing demand for its services.
Bulgaria Takes 20% Stake in Greek LNG Terminal
Bulgaria's state gas company Bulgartransgaz has finalised a deal to take 20% of Greek company Gastrade, which is developing a floating LNG facility off the city of Alexandroupolis.
New Pipelines Needed to Bring Appalachia Shales Natural Gas to Gulf Coast LNG Facilities, Study Shows
While other plays near the Gulf Coast are better located to provide natural gas to meet LNG feedstock demand, the Marcellus and Utica can play a relevant role in supplying natural gas to the new LNG facilities located on the Gulf Coast, but additional pipeline capacity will be needed.
Future Looks Bright for LNG in Post-COVID-19 Era
The onset of COVID-19 caused a decline in gas demand of around 4% with a similar decline in the LNG trade. Most forecasts expect gas demand to recover in 2021 to pre-pandemic levels. But what happens thereafter?
China’s 2020 Crude Oil Imports Surged 7.3%
Customs data also showed imports of natural gas, including fuel supplied as liquefied natural gas and via pipeline, reached a record 11.23 million tons in December.
Waha Hub Prices Rise with Permian Highway Pipeline in Service
The Permian Basin basis to the Henry Hub briefly went positive as the Permian Highway pipeline entered service, the U.S. Energy Information Administration’s latest weekly natural gas update announced.
Despite a Late Surge, Oil Ends 2020 Down 20%
Brent and U.S. crude benchmarks have more than doubled from April's nadir as producers cut output to match weaker demand. News of coronavirus vaccine distributions also bolstered prices in the fourth quarter, helping futures recover to the highest in about 10 months.
Energy Sector Could Get Reprieve from ‘Golden Cross’ Chart Signal
Energy could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventionally defined by technical analysts as the 50-day moving price average rising above the 200-day moving average.
LNG Prices Reach 6-Year High as Winter Storm Hits Asia
As an early winter chill grips China, South Korea and Japan, prices for LNG and power are rising due to supply crunches and a surge in demand with more cold weather expected.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
