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May 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

LNG deal

US natgas futures rise to 5-week high on small storage build
Markets

US natgas futures rise to 5-week high on small storage build

  • The US Energy Information Administration (EIA) said US utilities added 61 billion cubic feet (bcf) of gas into storage during the week ended April 9.
  • That is lower than the 67-bcf build analysts forecast in a Reuters poll and compares with an increase of 68 bcf in the same week last year and a five-year (2016-2020) average increase of 26 bcf.
Published 15 Apr, 2021 08:27pm
US natgas futures rise for 5th day on cooler forecasts
Markets

US natgas futures rise for 5th day on cooler forecasts

  • Traders noted that even though temperatures may be lower, they were expected to remain around near-normal levels through late April.
  • Front-month gas futures rose 6.2 cents, or 2.4%, to $2.623 per million British thermal units.
Published 13 Apr, 2021 08:19pm
Russian LNG would be competitive at $3.7-$7 per 1mn BTU
Markets

Russian LNG would be competitive at $3.7-$7 per 1mn BTU

  • Russia would compete with Qatar, Australia and the United States for customers in Asia, its target market, up to 2030, and their production costs are seen at $2.8-11 and $7-10 per 1 million BTU, respectively.
  • Russia plans to increase its LNG production to nearly 140 million tonnes LNG per year by 2035 from around 31 million tonnes last year and aims to have about 20% of the global market share by then.
Published 22 Mar, 2021 08:35pm
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
US natgas futures rise to 1-week high on colder forecasts
Markets

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

  • Front-month gas futures rose 2.8 cents, or 1.0%, to $2.867 per million British thermal units.3
  • Refinitiv projected average gas demand, including exports, would drop from 112.2 bcfd this week to 105.0 bcfd next week as the weather turns seasonally milder.
Published 03 Mar, 2021 07:58pm
Gazprom aims to supply Europe with carbon-neutral LNG
Business & Finance

Gazprom aims to supply Europe with carbon-neutral LNG

  • Carbon neutral LNG typically involves companies supporting nature-based projects that reduce emissions to offset those generated from the exploration and production of LNG.
  • I hope that in the nearest future we will supply our first fully carbon-neutral cargo of LNG to Europe.
Published 02 Mar, 2021 08:53pm
The sweet LNG deal
BR Research

The sweet LNG deal

Last week, Pakistan signed a long-term contract of LNG supply from Qatar at 10.2 percent of Brent, which is at...
Published 02 Mar, 2021 07:25am