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Germany’s energy regulator, the Bundesnetzagentur, said there was sufficient natural gas in storage to see the nation through the winter gas season to the end of March and concentration was now fixed on the 2023-2024 gas season even as regular LNG have not yet started beyond commissioning activities at the…
A Japanese report has exposed a significant problem emerging in the energy industry of the rise of a “me-first” trend as energy security becomes a top priority challenge and many nations start making the maximum effort to protect their own people and economy at the expense of other countries.
Free ReadQatarEnergy, one of the world’s largest LNG exporters, has decided to proceed with the $6 billion petrochemicals joint venture with US partner Chevron Phillips Chemicals near the LNG liquefaction plant at Ras Laffan. An agreement marking the final investment decision for the project was signed in Doha by Saad Sherida…
European natural gas prices and LNG values dropped a further 16 percent this week amid mild winter weather and the Japan-Korea Marker for spot cargoes also declined, though at a slower pace and widened the gap to over $4.70 per MMBtu with Europe’s benchmark gas price as Germany was poised…
JGC Corp., the overseas engineering, procurement and construction business of Japan’s JGC Group, said it would head a consortium with South Korea’s Samsung Heavy Industries for construction of a nearshore floating liquefied natural gas (FLNG) project in Malaysia planned by Petronas.
Free ReadWhile China’s estimated LNG imports dropped by 18.8 percent in 2022, the Beijing government is making plans to underwrite imported supplies of LNG, pipeline natural gas and coal during 2023 to guarantee power supplies. China overtook Japan in 2021 to become the world’s largest LNG importer with 78.93MT of imports,…
Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, has issued natural gas and oil trading volumes and related statistics for December contracts and those for other periods of 2022 when there was a jump in derivatives for gas and interest rates in the fourth…
Hancock Energy, the oil and gas company run by entrepreneur Gina Rinehart, has increased its bid for the Perth Basin natural gas company Warrego Energy by almost 30 percent and has now outbid mining company Mineral Resources for the prize of a gas field stake with LNG feed-gas potential.
Australian LNG exports reached a new record of 81.4 million tonnes in 2022 and the export revenue increased by 86 percent year-on-year to A$92.8 billion (US$63.4Bln) in the 12 months to the end of December because of much higher prices and Australia appeared to tie in volume terms as World…
Free ReadChart Industries, the leading US equipment-maker for LNG and industrial and new energy projects, has signed a memorandum of understanding to supply liquefaction process technology, associated equipment as well as a series of fuelling stations for another US company. Chart said its deal was with BNG Clean Fuel Corp., a…