The decline in Indian liquefied natural gas imports slowed to 1.8 percent from the previous month’s 24 percent fall as cargoes for West Asia were expensive when competing with Europe and South America and as Indian domestic gas demand remained flat.
Australian liquefied natural gas plant operator Santos reported a decline in LNG sales income as production and Asia-Pacific prices fell and the Darwin plant continued to suffer feed-gas issues as the supplying field depleted.
Japanese liquefied natural gas imports plunged by more than 20 percent in June from the same month last year while half-year imports fell 13 percent with more competition coming from thermal coal and nuclear and more gas storage being built earlier in 2023 as prices declined.
Free ReadKinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, reported lower second-quarter net profits amid steady cash flow as it responded to volatile market conditions. The company said profits declined to $586 million during the three months to…
Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported solid profits as revenues increased along with orders with an LNG cycle still forecast to extend for several years.
Cedigaz, the French-based international natural gas body created as an international data centre by a group of gas companies, has forecast a mixed future for the Russian natural gas export sector with varying opinions held among leading LNG and pipeline market participants.
Gasunie, the Dutch utility and owner of stakes in the Dutch Rotterdam and Eemshaven LNG import terminals and the onshore German regasification project planned for Brunsbüttel, posted increases in first-half net profits and revenues as natural gas markets evolved after the ending of Russian pipeline flows.
The leading Western Australia liquefied natural gas plant operator Woodside Energy reported a 13 percent drop in second-quarter revenues from a year ago as realised LNG prices dropped along with oil and natural gas production volumes.
Free ReadQatarEnergy, the world’s leading liquefied natural gas company, reported a 58 percent jump in annual net profits after demand for cargoes soared along with prices as European countries tried to replace halted Russian pipeline gas supplies with LNG. QatarEnergy’s net profits came to 154.6 billion Qatari riyals ($42.2Bln) in 2022…
Chinese liquefied natural gas imports increased in June by almost 24 percent as energy demand recovered because of lower prices and more regasification capacity coming on line, though LNG deliveries were less than in the previous month.