Last week, Asian spot LNG prices hit their lowest level in eight weeks, due to continued muted demand and high inventories, and tracking a drop in European gas prices on hopes of a Ukraine peace deal.
South Korea will be involved in the building of pipelines for Alaska’s huge $44 bill LNG project, Alaska’s Governor, Mike Dunleavy told local media during a recent interview.
Shell UK, a subsidiary of energy giant Shell, and Equinor UK Limited, a subsidiary of Norwegian energy company, Equinor are to combine their UK offshore oil and gas operations and form a new company - Adura.
Swiss commodity trading house Gunvor is in talks to buy US upstream acreage – notably Baytex Energy assets in the Eagle Ford shale – in a bid to mend relations with the Trump administration, which had fiercely opposed Gunvor’s earlier bid for Lukoil’s foreign assets.
European gas prices continued to soften in November, with TTF month-ahead prices down by 25% year-on-year to $10.5 per MMBtu as a 15% yoy surge in global LNG supply outstrips demand.
Chinese LNG imports are at risk of another weak year, as disappointing industrial demand and persistently high global prices look set to reduce purchases.
UK based Centrica Energy has signed a long-term sale and purchase agreement (SPA) to supply LNG to Exodus for Honduras, marking a new milestone in that country’s energy development.
JERA is taking action to stabilise electricity supply during the heavy-load winter season between December and March. One LNG cargo per month will be imported as 'strategic buffer' and Taketoyo plant will be powered by coal, not biomass, as a “provisional measure.”
South Korean vehicle logistics company, Hyundai Glovis, part of the Hyundai Motor Group, has secured a Won580 bill ($396 mill) LNG shipping contract that will last for up to 15 years, with an undisclosed interest.
Australia’s Viva Energy has delayed the final investment decision (FID) on its proposed LNG import terminal at Geelong, Victoria, as prospective buyers have not signed long-term offtake deals.