Free ReadUS LNG exports to Europe are set to rise in the coming weeks after the price spread between domestic natural gas and Europe's main gas pricing hub hit one-year highs. The price differential between US Henry Hub natural gas futures and the TTF gas trading facility in The Netherlands has…
A US bankruptcy judge has dismissed two lawsuits seeking damages totalling $1.3 bill against Zachry Industrial and its joint venture partners. This stems from an explosion that damaged Freeport LNG’s Texas (FLNG) facility in June, 2022.
bp, on behalf of the Tangguh production sharing contract partners, has taken a final investment decision (FID) on the $7 bill Tangguh Ubadari, CCUS, compression project (UCC). This has the potential to unlock around 3 trill cu ft of additional gas resources in Indonesia to help meet growing energy demand…
The UK is to receive several LNG cargoes this month, as it has become the preferred destination for diverted LNGCs, due to its slot availability. According to S&P Global Commodity Insights data, the UK has imported 424,000 tonnes of LNG this month thus far and should receive around another 291,000…
Free ReadSouth Korean energy and shipbuilding companies are gearing up for a quick ramp up of the US LNG market expected under a second Donald Trump administration, which has vowed to lift LNG industry regulations. According to sources in the South Korean energy industry this week, POSCO is considering acquiring an LNG…
Argentina's natural gas players expect to start exporting supplies to Brazil as soon as next month. This follows the recent signing of a memorandum of understanding (MoU) for gas opportunities by both countries.
Santos has completed the Angore project in Papua New Guinea’s (PNG) Hela Province. This project will deliver up to 350 mill cu ft per day of gas to support stable, long-term PNG LNG production.
Free ReadNorthwestern US and western Canada border pricing hubs monthly natural gas prices have reached historic lows this year through October. According to data from Natural Gas Intelligence, robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in…
Trinidad and Tobago has signed a production sharing agreement with a unit of UK energy major bp for exploring and producing natural gas at a shallow water block, the government’s energy ministry said. The agreement follows an offshore bidding round launched by Trinidad last year, which is expected to encourage…