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LNG export

Sempra Energy to sell 20pc stake in unit to KKR for $3.37bn

Sempra Energy to sell 20pc stake in unit to KKR for $3.37bn

  • The sale was flagged by Sempra in December and comes as the company sharpens its focus on renewables and energy storage to capitalize on the growing global demand for cleaner fuels.
  • Sempra last year late last year agreed to buy the remaining stake in its Mexican unit Infraestructura Energética Nova SAB de CV (IEnova).
Published 05 Apr, 2021 06:24pm
Gazprom partner to start building Baltic Sea chemical plant
Business & Finance

Gazprom partner to start building Baltic Sea chemical plant

  • The wider project with Gazprom's participation will help Russia, already a leading energy producer, to reach its goal of boosting its share of the liquefied natural gas (LNG) market.
  • The cluster is designed to process annually 45 billion cubic metres of natural gas, produce 13 million tonnes of LNG, 3.6 million tonnes of ethane and up to 1.8 million tonnes of liquefied petroleum gas (LPG).
Published 02 Apr, 2021 08:10pm
Suez ship congestion could delay LNG deliveries to Europe
Markets

Suez ship congestion could delay LNG deliveries to Europe

  • The giant ship ran aground on Tuesday. The Suez Canal stepped up efforts on Friday to free the ship and end a blockage on the main route for European imports of LNG from the Middle East and for some cargoes heading to Asia from the Mediterranean.
  • There are now six LNG vessels waiting to enter the canal, with four of them at the southern Red Sea end and two in the Mediterranean, according to data intelligence firm Kpler. A seventh ship is already in the canal, the data showed.
Published 26 Mar, 2021 09:46pm
US natgas futures flat as mild weather offsets record LNG exports
Markets

US natgas futures flat as mild weather offsets record LNG exports

  • On its second to last day as the front-month, gas futures for April delivery remained unchanged at $2.568 per million British thermal units (mmBtu) .
  • Traders noted the 200-day moving average has become a strong price floor or technical level of support. The front-month has not settled below the 200-day since September 2020.
Published 26 Mar, 2021 08:16pm
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
US LNG exports on track to hit record high in March
Markets

US LNG exports on track to hit record high in March

  • The rebound in US LNG is...supported by falling freight rates in the Atlantic Basin, which dizzyingly fell from $322,000 per day two months (ago) to just $21,000 per day.
  • On a daily basis, US LNG feedgas was on track to reach 11.4 bcfd on Friday, which would top the 11.3-bcfd record in mid-December, according to preliminary data from Refinitiv.
Published 19 Mar, 2021 09:44pm
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
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
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
US natural gas falls to 3-week low despite big storage draw
Markets

US natural gas falls to 3-week low despite big storage draw

The US Energy Information Administration (EIA) said US utilities pulled 187 billion cubic feet (bcf) of gas from storage in the week ended Jan. 15. * Front-month gas futures fell 4.7 cents, or 1.9%, to $2.444 per million British thermal units.
Published 22 Jan, 2021 09:30pm
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