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liquefied natural gas

Repsol makes first delivery of carbon-compensated LNG
Business & Finance

Repsol makes first delivery of carbon-compensated LNG

  • Tradeable offset credits aim to balance the planet-warming effects of emissions by supporting projects such as forestation and renewable energy generation sites elsewhere in the world.
  • Repsol said it had supplied 430 cubic metres of LNG to a 150-metre long chemical tanker owned by Swedish firm Furetank Rederi at a terminal owned by system operator Enagas in southeastern Spain.
Published 12 Mar, 2021 07:04pm
LNG shipping market primed for growth after scramble for supply
Markets

LNG shipping market primed for growth after scramble for supply

  • A cold snap in Europe and Asia in January and in North America last month increased heating demand, prompting prices to jump in several markets, while inventories fell.
  • You need to replenish stocks because of the cold northern hemisphere winter in both Asia and in Europe. So, we think this is going to add to tonne miles.
Published 05 Mar, 2021 05:50pm
Global LNG demand expected to almost double by 2040: Shell
Business & Finance

Global LNG demand expected to almost double by 2040: Shell

  • Demand was 360 million tonnes last year, up slightly from 2019's 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic.
  • While COVID-19 derailed expected forecasts...the industry reacted swiftly to changing market conditions, diverting cargoes to shifting demand centres and through adjusting supply.
Published 25 Feb, 2021 06:33pm
US natgas futures gain as supply losses expected to 'haunt' market
Markets

US natgas futures gain as supply losses expected to 'haunt' market

  • Prices were also supported as US pipeline gas exports to Mexico rose to 5.1 bcf on Friday after dropping to a 13-month low of 3.8 bcf per day on Tuesday, Refinitiv Eikon data showed.
  • Even though we will see some warmer temperatures... there's still expectations that the loss in production is going to haunt us as we get into summer.
Published 19 Feb, 2021 09:15pm
Mexico begins receiving LNG as gas supply via pipeline rises
Markets

Mexico begins receiving LNG as gas supply via pipeline rises

  • The Marshall Island tanker Flex Courageous carrying US LNG docked on Friday at the Manzanillo terminal on the Pacific Coast, Refinitiv Eikon data showed.
  • A second cargo also from the United States on the tanker Seri Balhaf is waiting to discharge about 151,300 cubic meters of LNG at Mexico's Altamira terminal on the Gulf Coast.
Published 19 Feb, 2021 08:30pm
Mexico has other energy sources if Texas gas falters
Markets

Mexico has other energy sources if Texas gas falters

  • "We cannot reply on one single fuel for power generation," Mexican President Andres Manuel Lopez Obrador said in a news conference.
  • It was not immediately clear if the gap between alternative supply and demand would be covered by gas imports from the United States and other sources, or would lead to shortages.
Published 18 Feb, 2021 07:44pm
US natgas soars over 10pc as deep freeze strains output
Markets

US natgas soars over 10pc as deep freeze strains output

  • Data provider Refinitiv estimated 425 heating degree days (HDDs) over the next two weeks in the Lower 48 US states, slightly down from Monday's forecast of 449 HDDs.
  • Data provider Refinitiv projected output in the Lower 48 to average 82.5 billion cubic feet per day (bcfd) this week and increase to 84.2 bcfd next week.
Updated 16 Feb, 2021 09:56pm
India Petronet to expand Dahej LNG terminal's capacity
Markets

India Petronet to expand Dahej LNG terminal's capacity

  • Indian companies are investing billions of dollars to build infrastructure, including pipelines and a new LNG import terminal.
  • The International Energy Agency in its latest report said India's LNG imports are expected to quadruple to 124 billion cubic metres, or about 61% of overall gas demand by 2040.
Published 12 Feb, 2021 06:22pm
Qatar's QP signs deal for mega LNG expansion
Business & Finance

Qatar's QP signs deal for mega LNG expansion

  • The contract - which covers major onshore engineering, procurement and construction - was signed with a joint venture between Chiyoda and Technip and is known as North Field East.
  • "The total cost of the project will be $28.7 billion, making it one of the industry's largest investments in the past few years and largest LNG capacity ever built," Kaabi said.
Published 08 Feb, 2021 09:04pm
US and Canadian natural gas prices soar during arctic freeze
Markets

US and Canadian natural gas prices soar during arctic freeze

  • "This blast of cold air will likely settle in for multiple days to come," meteorologists at AccuWeather said.
  • High temperatures in Chicago were expected to remain below freezing (32 degrees Fahrenheit or zero degrees Celsius) from Feb. 5-22, AccuWeather said.
Published 08 Feb, 2021 08:38pm
US natgas futures edge up on cold forecasts, big storage draw
Markets

US natgas futures edge up on cold forecasts, big storage draw

  • The US Energy Information Administration (EIA) said US utilities pulled 192 billion cubic feet (bcf) of gas from storage during the colder than normal week ended Jan. 29.
  • Front-month gas futures rose 2.2 cents, or 0.8%, to $2.811 per million British thermal units.
Published 04 Feb, 2021 09:50pm
European natural gas price volatility is here to stay
Markets

European natural gas price volatility is here to stay

  • After a couple of years of relatively flat gas prices and stable demand, prices dropped last year in the face of lower energy demand because of coronavirus-related restrictions.
  • This month, however, Asian liquefied natural gas (LNG) prices soared to record highs because of low stocks.
Updated 27 Jan, 2021 11:23pm
US natgas futures rise 2pc to a 1-week high on colder forecasts
Markets

US natgas futures rise 2pc to a 1-week high on colder forecasts

  • On its second to last day as the front-month, gas futures for February delivery rose 5.2 cents, or 2.0%, to $2.654 per million British thermal units.
  • At-the-money implied volatility for the futures, a determinant of an option's premium, fell to 45.2%, its lowest since March.
Published 26 Jan, 2021 06:37pm
Pakistan LNG seeks more cargoes through emergency tender
Markets

Pakistan LNG seeks more cargoes through emergency tender

  • Record high spot LNG prices due to freezing temperatures in North Asia are forcing emerging economies such as Pakistan to ration gas and seek alternative fuels.
  • Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking three cargoes for delivery over March 11 to 12.
Published 22 Jan, 2021 08:23pm
Pakistan LNG seeks Feb cargoes again after supplier unable to deliver
Markets

Pakistan LNG seeks Feb cargoes again after supplier unable to deliver

  • Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the cargoes for delivery over Feb. 15-16 and Feb. 23-24.
  • Pakistan LNG said on Saturday that a supplier, who had submitted the lowest offer in a buy tender that the company closed in late December.
Updated 19 Jan, 2021 11:14pm