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Free ReadShell has been selected by QatarEnergy as a fifth partner in the North Field East expansion project in Qatar, described by Shell as the single largest project in the history of the liquefied natural gas industry. Shell said it would hold a 25 percent share in a joint venture company…
Equinor, the Norwegian oil and gas company, has initiated a safe shutdown of the Gudrun, Oseberg South and Oseberg East offshore fields in the North Sea because of a strike and prolonged action could lead to a reduction in pipeline natural gas exports to Europe.
Asian LNG imports generally declined in the first half of 2022 with rising gas prices curbing demand in the Japanese and South Korean electricity sectors, while a combination of high spot prices and ongoing Covid-19 lockdowns reduced gas consumption in China.
Natural gas demand growth is expected to slow down and remain subdued up to 2025, helped by supply blockages and higher prices stemming from poor energy security policies and geopolitics. Europe’s quest for more LNG to phase out Russian pipeline gas also risks even tighter markets.
Free ReadThe largest European LNG import terminal, the UK Isle of Grain facility located southeast of London, has called on the market to participate in an expression of interest exercise for capacity. Grain LNG has issued a statement inviting market participants to express an interest in low-cost capacity at the facility…
Free ReadThe US Supreme Court ruling just before the July 4 holiday weekend to limit the regulatory powers of the Environmental Protection Agency (EPA) over emissions from power plants is seen reducing legal challenges on the US hydrocarbon industry, including against LNG export developments and natural gas pipeline infrastructure. In a…
Gazprom said pipeline natural gas exports to countries outside the former states of the Soviet Union dropped by more than 30 percent, while the company’s shares also plunged on not paying a dividend along with those of German utility Uniper on its lack of guaranteed Russian gas supplies.