Lng News

 

Asia LNG Imports Are Robust, But Record Supply Keeps Spot Prices Muted

Feb 05, 2024

The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe.The spot price for LNG delivered to north Asia ended at $9…

Freeport LNG Unit Faces Month-long Outage

Jan 26, 2024

U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week's Arctic freeze.This…

Biden Pauses New LNG Export Projects

Jan 26, 2024

President Joe Biden paused pending approvals of exports from new liquefied natural gas (LNG) projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the November 5 election.The Department…

Seaside LNG Performs US Gulf Coast's First Ship-to-ship LNG Bunkering

Jan 24, 2024

Seaside LNG announced its liquefied natural gas (LNG) bunkering barge Clean Jacksonville delivered fuel to Carnival cruise ship Carnival Jubilee in Galveston, Texas, marking the first ship-to-ship LNG bunkering delivery along the U.S. Gulf Coast…

Drone Attack: Russia Suspends Operations at Ust-Luga

Jan 21, 2024

Russian energy company Novatek said on Sunday it had been forced to suspend some operations at a huge Baltic Sea fuel export terminal due to a fire started by what Ukrainian media said was a drone attack.The giant Ust-Luga complex, located on the Gulf of Finland about 170 km (110 miles) west of St…

Van Oord Contracted to Build FSRU Jetty in Germany

Jan 17, 2024

Van Oord has been contracted by FSRU Wilhelmshaven, a joint venture between ENGIE and Tree Energy Solution (TES) to construct a Floating Storage and Regasification Unit (FSRU) jetty at Wilhelmshaven in Germany.Responsibility for the operation…

Vopak Consortium Selected to Operate New LNG Terminal in South Africa

Jan 10, 2024

South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay, state-owned Transnet National Ports Authority (TNPA) said on WednesdayThe Vopak Terminal…

US Was Top LNG Exporter in 2023 as Hit Record Levels

Jan 02, 2024

U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023…

Germany Builds up LNG Import Terminals

Jan 02, 2024

German utility RWE on Jan. 1 handed over floating liquefied natural gas (LNG) infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal (DET) as agreed when first imports arrived 10 months ago, it said.DET is now…

Russian LNG Exports to Europe Fell 1.9% in 2023

Jan 02, 2024

Russian exports of liquefied natural gas (LNG) to Europe fell 1.9% to 15.8 million metric tons in 2023, and LNG exports to Asia fell 11% to 14.9 million tons, LSEG data showed on Tuesday.Europe increased purchases of LNG from global producers…

Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice

Dec 22, 2023

Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now…

Germany's Stade LNG Project Expects Floating Terminal in February

Dec 13, 2023

Germany's emerging liquefied natural gas (LNG) terminal in the Elbe river port of Stade expects its floating regasification vessel (FSRU) to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids, its management said on Wednesday…

Environmental Groups Ask Lenders to Avoid LNG Project in Papua New Guinea

Dec 12, 2023

Major global lenders should refuse to finance a liquefied natural gas (LNG) project in Papua New Guinea to help keep global warming in check, civil society groups said on Wednesday, as some owners tap banks ahead of a final greenlight next year…

US LNG Exports Through Panama Canal Shrink, Asia-Europe Spreads Widen

Dec 08, 2023

The number of U.S. liquefied natural gas (LNG) vessels transiting the Panama Canal to Asia halved in November compared with a year ago as Asia prices for the gas this week traded at their steepest premium to European prices in nearly two years…

Vessel to Complete Mexico's First Floating LNG Plant Sets Sail

Dec 05, 2023

A storage vessel for Mexico's first liquefied natural gas (LNG) plant departed U.S. waters on Monday for Altamira, Mexico, according to ship tracking data, putting the offshore project on track to soon inaugurate exports.LNG developer New Fortress Energy last week said its 1…

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