European and Asian liquefied natural gas cargo pricesincreased for a fourth straight week with the Northern Hemisphere winter gas season ending on a high storage note and as some European Union nations even built their storage this week as demand was mixed in the north and the south.
Brazil is seeking more natural gas to meet rising gas-fired power needs and has held talks with Argentina and Bolivia on reversing pipeline flows to transport Argentinian supplies from the Vaca Muerta shale-gas basin.
Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, said the United States was in danger of surrendering market share in the production and export of LNG to replace coal in Asia and elsewhere to make a cleaner environment.
Free ReadThailand’s state-run energy firm, Public Company Exploration and Production (PTTEP), has ramped up offshore domestic natural gas production and the nation is expected to require less LNG after last year’s surge of more than 32 percent in additional cargoes. PTTEP said production has increased at the G1-61 gas project comprising…
Japanese liquefied natural gas imports decreased for a second month in 2024 by almost 6 percent as milder winter weather and higher storage levels reduced cargo needs especially of more expensive spot shipments even at much lower prices.
The US Freeport LNG export plant on Quintana Island in Texas has announced scheduled shut-downs of its liquefaction Trains for repairs and maintenance and de-bottlenecking to boost output in the future.
Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, plans to increase natural gas output by 60 percent to take advantage of its massive associated gas in oil fields all well as huge shale-gas reserves as Western nations stall new gas production.
Tellurian Inc., the developer of the Driftwood LNG export project in Louisiana, has been the focus of attention at the CERAWeek energy conference in Houston, Texas, with executives being asked whether they would consider a bid for the firm now put on the block by investment bank Lazards.
French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) said it received an order from the Korea Shipbuilding & Offshore Engineering (SOE) group for the tank design for two LNG carriers and a Very Large Ethane Carrier.
NewMed Energy, the Israeli company with stakes in the East Mediterranean gas fields of Tamar and Leviathan offshore Israel and with LNG export ambitions, has published its annual results showing pipeline gas continued to flow to the Israeli domestic market and to Egypt and Jordan even after the outbreak of…