LNG Transportation

The trade wars of U.S. president Donald Trump are pushing the global plastics sector toward a painful, but necessary restructuring in order to deal with the acute overcapacity which has caused the industry's profit to be in a long-term slump. In the next few decades, demand for plastics will increase dramatically as middle class populations grow, especially in Asia. This will increase oil demand. The consumption of petrochemical products - such as naphtha and propane - was responsible for 95% percent of the total growth in oil demand between 2019 and 2024. According to the International Energy Agency, it is...

Three people familiar with the discussions said on Monday that Tokyo Gas and Venture Global are in talks to buy 1 million metric tons of liquefied gas per year from the company's CP2 Export Facility. Venture Global, the U.S.'s second-largest LNG exporter, has been the primary source for the growing LNG export capability of the U.S. since 2023. This helps the U.S. to remain the largest exporter in the world of supercooled gas. Tokyo Gas has begun negotiations with Venture Global to purchase LNG on a long-term contract. Two of the three sources confirmed this. Three people have confirmed that...

Analysts predict that U.S. LNG exports will increase by 10% per year until 2030, as energy companies double their capacity to produce the gas. This will give a boost to the maturing U.S. Shale industry, which has seen its growth slow down and costs rise. While the U.S. has been the largest producer of oil and gas in the world, many of its most productive drilling sites have already been exploited. Gas remains the bright spot in the industry, despite the fact that oil production will plateau or even fall over the next few months. This is largely due to...

The company reported that the natural gas flow to the Cameron LNG Export Facility in Louisiana was significantly reduced on Tuesday, for the second day running. This was due to short-term maintenance. LSEG data indicates that gas flows to the facility - the fourth largest in the United States - were down to 1.3 billion cubic feet (bcf), from a usual consumption of two bcfd. This suggests that at least one plant - also known as trains - is down. Cameron LNG, which is owned by Sempra Infrastructure in its majority, has contributed to the United States becoming the world's...

Venture Global's core profit for the second quarter was higher than expected, thanks to the resumption in export permits of liquefied gas from the U.S. This boosted sales and sent the shares of the producer of LNG up more than 6% on Monday. After President Donald Trump's January inauguration, he lifted the moratorium on new LNG permits. Venture Global, America's second largest LNG exporter has increased commercial operations in its Louisiana export facilities at Calcasieu Pass and Plaquemines. The company sold a total of 329 trillion British Thermal Units of LNG in the third quarter. This is a 149% increase...

Cheniere Energy announced a significant increase in its second-quarter profits on Thursday. This was largely due to the strong demand for liquefied gas (LNG). In 2024, the U.S. was the largest exporter in the world of liquefied gas. It had shipped 11,9 billion cubic feet of supercooled fuel per day. After Donald Trump took office, the commercial activity in this sector has increased. According to U.S. Energy Information Administration data, the country exported 884.1 billion cubic feet of LNG between April and May. This compares with 671.5 billion cubic feet a year ago. In the first quarter of 2016, LNG...

Venture Global announced on Monday that it had made a final decision to invest and closed the project financing of $15.1 billion for the first phase CP2 LNG Export Facility. The CP2 Project, which is the largest export facility for super-cooled gas in the U.S. is expected to reach a maximum capacity of 28 millions tonnes of liquefied gas per year and will deliver its first LNG by 2027. After President Donald Trump lifted the moratorium on new LNG permits shortly after taking office, commercial activity in the U.S. has increased. Venture Global reported that the group of lenders for...

Energy companies in the United States saw gains in premarket trading after European Union committed $750 billion in strategic purchases in a trade agreement. The framework deal that ended months of uncertainty on both sides of Atlantic calls for strategic oil, gas and nuclear fuel purchases during the term of U.S. president Donald Trump. NextDecade Venture Global and Cheniere Energy all saw their shares rise between 5%-7%. The deal is expected to boost the prospects of American LNG exporters, as they expand in order to meet the growing demand for cleaner burning fuels. Energy Fuels, a miner of uranium, rose...

The shares of U.S. developers of liquefied gas surged on Monday in premarket trading after the European Union committed to buy $750 billion of the super-cooled fuel within the next three year as part of an sweeping trade agreement. NextDecade Venture Global and Cheniere Energy all jumped between 7.8% and 8.8%. The deal is a boon for American LNG exporters who are expanding to meet the growing demand for cleaner burning fuels. As part of the framework agreement announced on Sunday, the EU committed to purchasing $250 billion in U.S. Liquefied Natural Gas annually as it seeks to reduce its...

Shiptracking data from LSEG/Kpler revealed that a liquefied gas (LNG), vessel subject to U.S. sanction, docked this week at Russia's Arctic LNG 2 facility, marking the second vessel sanctioned in this year to visit the plant. It could be a sign that Arctic LNG 2 has resumed loading, which is also under the same Western sanctions due to Russia's conflict in Ukraine. Kpler data shows that the tanker Voskhod unloaded itself as it approached the Arctic LNG 2 facility on Wednesday. Arctic LNG 2's first vessel of the year was the Iris. It loaded a cargo on the 26th of...

According to preliminary data, LSEG, U.S. liquefied gas exports in June fell to the second-lowest monthly level of the year, due to maintenance work being done at the largest export facilities. LSEG data revealed that the United States, which is the top LNG exporter in the world, sold 8,4 million metric tonnes of super-cooled gas during the past month. This was down from the 8.9 MT of May, and far below the record set by April of 9,3 MT. The decrease in LNG exports is mainly due to maintenance at Cheniere’s Sabine Pass facility, which produces 4.5 billion cubic foot...

According to preliminary data, LSEG, the financial firm, U.S. liquefied gas exports in June fell to the second-lowest monthly level of the year, due to maintenance work being done at some the largest export facilities. LSEG data revealed that the United States, which is the top LNG exporter in the world, sold 8,4 million metric tonnes of superchilled LNG during the month. This was down from the 8.9 MT of May, and far below the record set by April of 9.3 MT. The decrease in LNG exports is mainly due to maintenance at Cheniere’s Sabine Pass facility, which produces 4.5...

The trade wars of U.S. president Donald Trump are pushing the global plastics sector toward a painful, but necessary restructuring in order to deal with the acute overcapacity which has caused the industry's profit to be in a long-term slump. In the next few decades, demand for plastics will increase dramatically as middle class populations grow in major economies. This is especially true in Asia. This will increase oil demand. The consumption of petrochemical products - such as naphtha and propane - was responsible for 95% percent of the total growth in oil demand between 2019 and 2024. According to...

According to Kpler's and LSEG's ship tracking data, four liquefied gas (LNG), tankers, carrying cargoes from Russia’s Arctic LNG 2 Plant, sanctioned for Moscow's conflict in Ukraine, are heading east towards Asia. Kpler data shows that the tanker Christophe De Margerie is currently traveling along the Northern Sea Route, after having been loaded at Arctic LNG 2 in August. Kpler data shows that the tanker is currently located off the coast of Russia's northeast. The data revealed that the LNG tankers Voskhod & Zarya which had loaded on July 16 & 29 and were idling at Arctic LNG 2 since...

Three sources familiar with the matter said that the United States had discussed using Russian nuclear-powered vessels to support gas and LNG development projects in Alaska, as one possible deal to be aimed for when Donald Trump meets Vladimir Putin this Friday. Trump arrived in Alaska Friday to attend what he described as a "high-stakes" meeting with Putin, the Russian president. The two men were expected to discuss a ceasefire agreement for Ukraine and an end to the deadliest conflict in Europe since World War Two. The U.S. president and the Russian president, who will meet in the largest city...

Since the Russian gas phaseout, EU dependence on US LNG has increased. China dominates the EU's renewable energies supply chain EU-US trade deal sets unrealistic energy target Ron Bousso LONDON, 31 July - The European Union’s extravagant pledge to purchase $750 billion in U.S. Energy by 2028 could increase the bloc’s already excessive dependence on American Gas, at a time when it is increasingly dependent on Chinese technology for its energy transition. Under the new trade agreement with Washington, the EU has committed that it will increase its purchases of U.S. natural gas, coal and oil from $75 billion in...

EU sanctions unlikely impact Russia's oil revenues severely India and China could continue to buy discounted Russian crude Trump's secondary sanctions may pressure Russia, but they could also risk a global oil price spike Ron Bousso LONDON, JULY 22 - The latest European Union effort to restrict Russia’s oil revenues is unlikely to harm Moscow’s war effort significantly, leaving U.S. president Donald Trump’s threat of secondary sanction as one of the last remaining economic levers for pressure on the Kremlin. The EU agreed to the 18th set of sanctions against Russia on Friday, which Foreign Policy Chief Kaja Kallas described...

The Asian spot LNG prices fell this week as a result of weaker demand, strong inventories and buyers in South Asia finding current prices too expensive. Average LNG price for September deliveries into North-east Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) was $12.30, down from $12.90/mmBtu a week ago. Prices have been on a slow decline this week because of the abundance of supply and increased inventories. Toby Copson is the chairman of Davenport Energy Partners. He added that "Demand is still relatively weak at a macro level, with hubs in the U.S. and...

The price of Asian spot LNG (liquefied natural gases) fell this week due to a combination of factors: a weak demand, a rising supply, and an abundance in inventories. Meanwhile, the risk premiums were reduced by reducing the ceasefire between Israel & Iran. Average LNG price for August deliveries into North-east Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) was $12.70, down from $13.10/mmBtu in the previous week. The market was under pressure from a combination of factors, including the rising Pacific supply, the high LNG stocks in China and South Korea and the weak...

Fears of Middle East oil disruption after US strikes on Iran Iran has attempted to blockade the Strait of Hormuz in the past. US Navy is likely to respond quickly in the event of disruptions Ron Bousso LONDON, 22 June - The U.S. strikes against several Iranian nuclear sites are a significant escalation in the Middle East conflict. This could cause Tehran to disrupt essential exports of gas and oil from the region, causing a spike in energy prices. History tells us, however, that any disruption will likely be brief. Since Israel launched surprise airstrikes on Iran on June 13...

Asian spot melted gas (LNG) rates increased today to their greatest level of the year so far, tracking gains in European gas and amidst colder temperatures in both regions. The average LNG rate for January shipment into northeast Asia rose to $14.60 per million British thermal systems ( mmBtu), market sources estimated. Today's more escalations in between Russia and Ukraine have returned a high danger premium to European gas and by default Asia's JKM market, regardless of actual gas products being continuous, said Florence Schmit, energy strategist at Rabobank London, of the Asian Japan-Korea-Marker benchmark. European benchmark gas costs at...

A liquefied gas tanker approved by the U.S. has actually been moving east from the Arctic LNG 2 plant along Russia's Northern Sea Path, LSEG ship tracking information revealed on Monday. Washington has recently imposed additional sanctions versus Russia for its war with Ukraine, including versus Arctic LNG 2, an important center for the Kremlin's drive to boost Russia's. share of the global LNG market to a 5th by 2030-2035. According to the LSEG information, Everest Energy, which came under. U.S. sanctions last month, was packed with LNG at the Arctic LNG. 2 site and is now on its method...