Freeport LNG set for regular operations after hurricane and as Texas power to be nearly restored by July 14
Freeport LNG, the US export facility on Quintana Island in Texas, is set for regular operations as port restrictions are lifted after Hurricane Beryl and as power supplies across the state are expected to be 80 percent restored by July 14.
US LNG exporter Cheniere Energy ships 166 cargoes but net income hit by unfavourable derivative fair values
Cheniere Energy, the largest US liquefied natural gas exporter, shipped 166 LNG cargoes in the first quarter of 2024, though net profits were hit be unfavourable changes to the fair value of derivatives.
US LNG report shows France as leading destination in early 2024 and Calcasieu Pass still having highest prices
The US Department of Energy issued its April 2024 liquefied natural gas and pipelines export and import data report with France as the leading destination for LNG shipments while the leadership in highest prices remained with the Calcasieu Pass plant in Louisiana.
Glenfarne’s Texas LNG project signs accord to supply Singapore unit of global commodities trader Gunvor
Texas LNG, the US export project being constructed in the Port of Brownsville in Texas as a subsidiary of New York-based Glenfarne Energy Transition, has signed a supply accord with the Singapore-based trading unit of global commodities firm Gunvor.
Korea Electric Power and Korea Gas still carrying high debt levels though falling LNG prices brings some relief
The largest South Korean power and natural gas companies with liquefied natural gas commitments including imports and purchases have seen their current debts staying at high levels because of last year’s higher commodity prices and increasing interest rates.
US forecasts low Henry Hub natural gas spot price through March and fall in LNG exports this month
The US Government forecasts that the average Henry Hub natural gas spot price would be low through March and LNG exports would decline in February, while record amounts of natural gas were consumed by the nation in January, driven by the gas-fired electric power sector.
Asia-Pacific region expects LNG demand to rise but with delayed Australian volumes missing part of new wave
The Asia-Pacific region is expected to have gradually increasing liquefied natural gas demand, driven by the region's economic recovery and new regasification facilities coming online.
Cheniere swings back to quarterly profit after shipping 468 cargoes in 2023 and signing new China supply deal
Cheniere Energy, the operator of the Sabine Pass LNG export plant in Louisiana and Corpus Christi LNG in Texas, swung to a third-quarter profit of $1.7 billion compared with losses of $2.38Bln in the prior-year quarter as 152 cargoes were shipped in the three months and 468 cargoes in the first ninth months of the year.
Japanese LNG imports drop again even with lower prices as storage is high and more nuclear plans advance
Japanese liquefied natural gas imports dropped again last month as storage increased and North Asian prices declined with thermal coal deliveries also plunging while nuclear plant usage is increasing.
Norway’s Equinor reports earnings hit by prices fall and amid LNG and gas terminal incidents and shutdowns
Norway’s Equinor, an LNG supplier to the European Union and which has enabled some of the replacement of pipeline natural gas to Europe in the 18 months, reported a drop in second-quarter profits and revenues even as delivered volumes increased amid LNG and gas terminal incidents and shutdowns.
