US takes protection measures for Hurricane Beryl as tropical storm surges headed for Gulf Coast LNG plants
The US was taking hurricane protection measures for July 7 and July 8 as the first major storm of the season, Hurricane Beryl, blew past Jamaica and Mexico and entered the Gulf of Mexico as a severe Tropical Storm headed for Texas and Louisiana, the centres of oil and gas and LNG and feed-gas supplies.
US LNG report shows Turkey as leading destination at turn of year and Calcasieu Pass still having highest prices
The US Department of Energy issued its March 2024 liquefied natural gas and pipelines export and import data with Turkey as the leading destination for LNG shipments while the leadership in highest prices remained with the Calcasieu Pass plant in Louisiana.
US expects natural gas supply will rise to meet growing demand for domestic pipeline gas and LNG exports
The United States forecasts that the nation’s natural gas supply will increase to meet growing demand for domestic pipeline gas and liquefied natural gas exports, though benchmark Henry Hub prices are expected to remain subdued as US oil and gas production increases to new record levels.
European natural gas prices retreat to 28-month lows while Asian LNG cargo margins widen on supply conditions
European liquefied natural gas price benchmarks dropped this week to their lowest since late July 2021 when energy security contagion first entered the market as North Asian spot cargo prices also lost ground but at a slower pace.
US claims leading position as No. 1 global LNG exporter followed by Australia and with Qatar in third place
The United States said it exported more liquefied natural gas than any other country in the first half of 2023 with shipments averaging 11.6 billion cubic feet per day during the period, which was 4 percent more than in the same six months of the previous year.
European LNG prices at two-year lows as Asia softens and Italian and German storage over 70 percent filled
European Union liquefied natural gas and pipeline gas prices dropped 14 percent as mild weather and the highest weekly EU storage build of 2023 saw Germany and Italy filled by over 70 percent while Asian spot LNG prices declined as well, though at a slower rate.
Cheniere Energy reports swing to profits with record first quarter output and the delivery of 167 cargoes
Cheniere Energy, the largest US LNG exporter, shipped 167 cargoes in the first quarter from the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas as it also swung to profits of $5.43 billion compared with $865M of losses in the prior-year quarter.
One of the largest US shale-gas producers EQT Corp. reports strong earnings helped by prices and operations
EQT Corp., one of the leading US natural gas producers, reported a swing to first-quarter net profits as it reported improved average realised prices amid high cash flow from operations in the Appalachia shale-gas basins following the 2022 first-quarter losses that were caused by derivatives and tax impacts.
Tellurian stays optimistic on finding equity and volume LNG customers as natural gas output rises four fold
Tellurian Inc., the US LNG developer of the Driftwood project near Lake Charles in Louisiana, said it ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction and $474.2 million of cash and cash equivalents available as short-term financing and operating costs.
Former German Chancellor Merkel defends natural gas and energy ties to Russia during 16-year tenure
Former German Chancellor Angela Merkel has defended her natural gas and energy ties to Russia during her 16-year tenure, including the building of the Nord Stream II gas pipeline from Russia under the Baltic Sea to Germany where LNG will soon replace Gazprom supplies.
