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Free ReadJapanese spot liquefied natural gas cargoes arrived in Japan last month at a cost of $1.70 per million British thermal units less than the previous month and down $3.10 per MMBtu versus March 2018. The delivered cargoes in March 2019 had cost an average of $7.10 per MMBtu versus $8.30…
The US benchmark Henry Hub natural gas spot price averaged $2.95 per million British thermal units in March, up 26 cents per MMBtu from February with increases caused by colder-than-normal temperatures and lower storage inventories, though prices are forecast to drop in the next year as output soars.
US energy engineering company KBR was awarded the preliminary front-end engineering contract by BP of the UK for the second and third phases of the Tortue natural gas project being pursued with Kosmos Energy of the US that will underpin floating LNG production on the maritime border between the West…
Free ReadThe Dutch Title Transfer Facility natural gas price has strengthened its position as the main continental European day-ahead and month-ahead gas trading instrument, widening its lead over the UK National Balancing Point price and with both prices followed in volume terms by German and Italian virtual hubs. Natural gas trading…
The increase in Chinese LNG demand over the past two years was real and the growth still continues, though China could not by itself absorb the volumes from delayed projects coming on stream that created a surplus. This factor and weaker North Asian winter demand led to the recent crash…
French energy major Total and the Sultanate of Oman have signed an accord for the development of an onshore natural gas block that will provide feed-gas for liquefied natural gas production reserved for LNG fuel for shipping in the Arabian Peninsula.
Papua New Guinea and energy companies, including liquefied natural gas plant operator ExxonMobil, have signed a formal Gas Agreement with the government defining the fiscal framework for the Papua expansion project.
Free ReadTellurian Inc. developer of the Driftwood LNG project in Louisiana backed by companies such as French energy major Total, has launched an open season for its Permian Global Access Pipeline to secure prospective customers. The Permian Global Access project is a proposed 42-inch diameter inter-state natural gas pipeline originating at…
KBR Inc., the US energy and LNG engineering company, has selected Baker Hughes-GE to supply gas turbine driver technologies for the ongoing development of KBR's standardized design for a mid-scale LNG liquefaction plant.
French utility Engie, the parent company of France's network operator and LNG terminals owner, said its US$8.6 billion joint bid with a Canadian fund won the competitive tender conducted by Brazilian energy company Petrobras for the sale of the South American nation’s largest gas transmission network.