Canada’s Kino Aski LNG liaises with Marinvest on 15 mtpa project
Kino Aski, led by the Atikamekw Nation, has partnered with energy developer Marinvest Energy Canada to develop a 15 mtpa LNG project in Quebec, targeting European buyers. The project is still in the development phase, with technical studies, environmental assessments and consultations underway.
Texas heat lifts Henry Hub futures
The September Henry Hub contract settled 8.6 cents higher at $2.759 per million British thermal units on Wednesday, according to CME data. Analysts anticipate further price rises as weather forecasts turned hotter across the southern and western part of the US. Eli Rubin, senior energy analyst at EBW Analytics Group, said peak demand on the Electric Reliability Council of Texas (ERCOT) system could set a new record this week. The grid operator forecast demand would exceed its 91.089-gigawatt (GW) record on each day from August 20 through August 24, with the potential to rise by almost 1 GW above the previous peak later in the period. Houston temperatures are expected to average about 100 degrees Fahrenheit (38 degrees Celsius) this entire week through August 23, roughly 5 F above normal, according to AccuWeather data.
China’s syngas expansion could displace 20 Mt of LNG
China’s push to build out its coal-to-gas (CTG) industry will curb reliance on imported LNG. Targeted to reach 28 Bcm/year of synthetic gas production by 2030, Beijing’s CTG program equates to roughly 20 mtpa of pipeline‑quality gas that can substitute for imported LNG.
CNOOC’s Binhai LNG terminal resumes reload trade
CNOOC's Binhai regasification terminal in Jiangsu has resumed commercial LNG reloads and received its 100th LNG carrier, underscoring its role in the Chinese gas trading market.
TTF front-month nears record high as Europe’s storage refill lags
With risks to ship LNG cargoes through the Strait of Hormuz likely to persist into the upcoming winter, Argus’ TTF front-month price assessment was last seen not far off €64/MWh, its highest level since January 2023.
Santos targets Papua LNG FID by year-end despite fall in profits
Santos is targeting a final investment decision on the Papua LNG project in the fourth quarter, the Australian oil and gas producer said when reporting a drop in first-half profits following the start-up of its Barossa LNG and Pikka oil projects.
Pakistan’s powergen cost up 38% as spot LNG prices surge
Soaring LNG prices have propelled up Pakistan power generation cost by 38% year-on-year, analysis by local brokerage Arif Habib Ltd shows. The latest cargo, delivered in late July, was purchased from TotalEnergies $21.88/MMBtu – the highest price Pakistan LNG ever paid for a spot cargo.
Rovuma LNG partners award $1.1bn in contracts to accelerate FID
ExxonMobil, on behalf of the Rovuma LNG Area 4 partners, has awarded about $1.1 billion in pre-investment contracts for long-lead upstream equipment, a move designed to push the long-delayed Mozambique project toward a final investment decision (FID) later this year.
Record US gas output, sub-$3.50 Henry Hub underpin LNG exports
Record US natural gas production and sustained sub-$3.50/MMBtu Henry Hub prices are set to strengthen the economics of both LNG export expansions and new gas-fired power projects and, even as global demand tightens.
LNG tankers swap cargoes off Oman as Gulf flows skirt Hormuz
Two LNG tankers seem to have conducted a ship-to-ship (STS) transfer outside the Strait of Hormuz, as suppliers seek to keep fuel moving from inside the Persian Gulf to global markets.
