European natural gas market prices and Asian spot LNG cargo values slipped to near last year’s levels as hotter weather temporarily dispelled gas supply concerns and available shipping remained short for the Northern Hemisphere winter to come.
Leading European pipeline natural gas and LNG supplier Equinor of Norway said record high production levels continued in the third quarter as Europe received 11 percent more gas from the Norwegian Continental Shelf and profits rose from trading gas and power at higher prices.
Free ReadQatarEnergy and ExxonMobil have agreed to independently market LNG produced at their joint venture Golden Pass LNG plant in Sabine Pass in Texas with the start-up set for 2024. “By leveraging their unique customer insights, QatarEnergy and ExxonMobil will better serve their downstream customers while meeting increased global demand,” the…
Intercontinental Exchange, a leading global provider of energy trading platforms for futures and options, said it planned to launch two liquefied natural gas futures contracts for North-West Europe and South-West Europe and three supporting French, German and Italian natural gas futures.
French major TotalEnergies reported a 43 percent increase in third-quarter net profits to $6.6 billion, driven by its liquefied natural gas business even with taking a $3Bln hit over Russian assets and temporary problems affecting supplies from liquefaction plants in Egypt, Nigeria, Australia and the US.
Shell plc, the largest oil and gas company in Europe, posted adjusted third-quarter earnings of $9.45Bln, more than double the $4.13Bln income from the same quarter of 2021, though 18 percent down on the previous quarter, reflecting lower LNG trading and optimisation results as well as lower chemical and refining…
Natural gas demand growth in China, including LNG deliveries, is forecast to slow considerably, falling to 2 percent per annum between 2021 and 2030 compared with an average growth rate of 12 percent per annum between 2010 and 2021.
Winterthur Gas & Diesel (WinGD), headquartered in Switzerland, said WinGD’s latest generation of X72DF-2.1 engines will power 25 vessels as part of the QatarEnergy’s North Field East (NFE) project, the biggest LNG carrier newbuilding project in history.
The Gas Exporting Countries Forum (GECF), the OPEC of natural gas and LNG, has held its 24th Ministerial Meeting in Cairo and stated that attempts to cap natural gas prices because of political motives were detrimental for producers and consumers.
Free ReadGaztransport and Technigaz (GTT), the French LNG storage technology company for ships and onshore, said it received two approvals from maritime classification societies for its new three-tank LNG tanker design. The Approvals in Principle (AiP) came from Norwegian class society DNV and France’s Bureau Veritas. DNV and BV have issued…