US regulators have transmitted a final rule to the US Federal Register regarding Underground Natural Gas Storage facilities which are growing in importance as resource levels increase along with LNG exports, while higher safety standards are brought in after the Aliso Canyon incident.
Cheniere Energy, the operator of the Sabine Pass LNG export plant in Louisiana, has received approval from US regulators to bring back into service one of two LNG storage tanks that have been offline because of a leak almost two years ago.
Increasing and new liquefied natural gas production from US and Australian liquefaction and export plants met lukewarm Asia-Pacific demand growth and with no other viable outlet spot LNG shipments were sold at a discount into European terminals, something that is forecast to be repeated this year.
Gazoduq Inc., the Québec natural gas pipeline developer, has completed the solicitation process for non-binding expressions of interest for transportation services on its proposed 780-kilometre underground natural gas line leading to the GNL Québec liquefaction and export plant.
Gassco, the Norwegian natural gas pipeline operator and one of the main competitors to LNG, transported 106.99 billion cubic metres of gas through the pipeline systems from Norway to Europe and the UK in 2019, less than in the previous year.
Gastrade, a Greek utility company and developer of the Alexandroupolis floating LNG terminal, has launched the second phase of a market test for the project to gauge demand in Greece and the Balkan states.
Global energy companies last year made the highest number of oil and natural gas discoveries since 2015, including several set to be used in liquefied natural gas production.
Exmar, the Belgian shipping company with more than 40 vessels in its fleet now mostly focused on the liquefied petroleum gas business, has made executive changes as it tries to improve finances amid the success of the floating LNG production vessel, “Tango FLNG”.
US natural gas prices reached their lowest level in the past year since 2016 as liquefied natural gas exports surged and pipeline supplies to Mexico also increased.
Pavilion Energy, the Singapore LNG and natural gas market participant, has completed the transaction to acquire the portfolio of LNG and gas assets of Spanish utility Iberdrola as it also launches European trading operations.