Many US gas producers are hedging their output, as a cold winter combined with soaring LNG feedgas demand could drive the Jan-26 contract above $5.00/MMBtu. The Henry Hub Cal-26 strip could - under these conditions - jump above $4.25/MMBtu, Energy Aspects forecasts.
Giant Saudi energy company, Aramco is to sign two US LNG supply deals with Woodside Energy and Commonwealth LNG, this week, according to sources talking with newswires.
TotalEnergies has acquired 50% of a portfolio of flexible power generation assets from Energetický (EPH), a průmyslový holding company, thus accelerating its European gas-to-power integration strategy in a €5.1 bill all-stock transaction.
Last week, Asian spot LNG prices remained flat for a second week running, as steady supplies of contracted cargoes and overall weak demand across the region outweighed modest spot market interest.
Russia’s sanctioned Arctic LNG 2 plant has started to reduce gas production after reaching records in October, as the buildup of winter ice makes exports more challenging.
Feedgas demand at US LNG export plants is expected to rise to 40 Bcfd in the coming years, up from 18 bcfd currently, Cheniere’s chief commercial officer Anatol Feygin said.
China is increasing its efforts to import US sanctioned Russian LNG, building the beginnings of a domestic ‘shadow fleet’ of vessels that can transport the gas.
Bangladesh state-owned energy corporation, Petrobangla, has spent $3.27 bill between April and October this year to settle LNG import bills.
Canada is to add the proposed Ksi Lisims LNG facility to its major projects list for fast-tracking, which the developer said would make it more likely to come to fruition.
Chevron expects oil prices to face more downward pressure than LNG in 2026. Though markets are adjusting to a wave of new liquefaction capacity, Chevron CEO Mike Wirth is convinced that “LNG has stronger fundamentals [than oil].”