US ratings agency Moody’s forecasts rise in Chinese LNG imports and European gas markets to remain volatile
Moody’s Investors Service, the US ratings agency, said in a report into liquefied natural gas that Chinese demand in 2024 will be similar to last year and while European gas markets remained resilient the region’s reliance on LNG could increase price volatility.
Japanese LNG imports drop 10 percent as coal preferred for power even at twice last year's price
Japanese liquefied natural gas deliveries declined by almost 10 percent last month even as close to record deliveries were made by Australia and thermal coal was the preferred fuel over LNG for power generation.
Oman signs deal with Shell and TotalEnergies for natural gas block amid LNG expansion and bunkering
Oman, the LNG producer and exporter, has signed an exploration and production sharing agreement with UK major Shell and French company TotalEnergies to explore, appraise and develop natural gas resources at Block 11 onshore the Sultanate on the Arabian Peninsula.
LNG emirate Abu Dhabi and Italian energy company Eni reveal hopes for fast-track natural gas output
Abu Dhabi National Oil Company, the owner of the Das Island LNG plant in the United Arab Emirates and Italian oil and gas company and LNG project developer Eni, plan to explore further opportunities to increase worldwide natural gas supply security.
North Asian LNG cargoes flow even as prices retreat from seasonal highs and European values soften
North Asian LNG spot prices came off recent seasonal highs to drop into the $12.00 per million British thermal units zone as European values also eased and an economic recovery was awaited to match all the talk amid mixed signals from the oil market.
LNG demand remains firm with Asian spot over $8.00 per MMBtu while European gas prices increase
Demand for liquefied natural gas cargoes was at a firm seasonal level as liftings increased and prices rose again for spot shipments to North Asia, while European gas market benchmarks were around $7.50 per million British thermal units.
BP and Total sign two-year LNG supply accords with Abu Dhabi to take place of Japan's JERA
Abu Dhabi National Oil Co. (Adnoc) has signed two-year LNG supply agreements with BP of the UK and French major Total for the majority of its production through the first quarter of 2022 after scaling back its supplies to Japan.
Japanese LNG imports rise 6.5 percent as stocks build and costs jump by 49 percent
Japanese liquefied natural gas imports in October increased by 6.5 percent as shipments from the Middle East and Australia offset a drop in Asian cargoes as the nation’s monthly LNG costs also jumped more than 49 percent year-on-year on higher prices and volumes.
Saudi Aramco and United Arab Emirates sign accord to cooperate on LNG and gas sectors
Saudi Aramco, the Saudi Arabian oil producer and one of the world’s largest companies by revenue, and Abu Dhabi National Oil Company have signed a framework agreement to explore opportunities for cooperation in the natural gas and liquefied natural gas sectors between Saudi Arabia and the United Arab Emirates.
