LNG Transportation

A Cheniere Energy executive announced on Tuesday that U.S. regulators had approved the expansion of Cheniere Energy Corpus Christi's liquefied gas plant. Anatol Fygin, Chief Commercial Officer of the company, said that the Federal Energy Regulatory Commission had approved the construction of Midscale trains 8 & 9 for the company. Cheniere, the U.S.'s largest LNG producer, played a major role in helping the U.S. become the world’s leading exporter of supercooled gas. Cheniere expects to increase its production of LNG at its Corpus Christi plant in Texas by 3 million metric tons per year with the addition of two new...

Chris Wright, the Energy Secretary of the United States, said Monday at CERAWeek's energy conference in Houston that the U.S. had approved an extension of Delfin LNG’s free-trade permit. Delfin has developed a floating liquefied gas project (LNG) off the coast Louisiana. The project could include four LNG plants that have a production capacity of 13,3 million metric tons per annum. It is seeking to extend its export permit for five years to enable it to export LNG into countries without free trade agreements with United States. The delay in building the plants was attributed to the COVID-19 Pandemic. This...

U.S. Energy Sec. Chris Wright stated on Monday that global heating is an unavoidable side effect of the construction of modern society. He also vowed to stop former President Joe Biden’s climate policies, which promoted fossil fuels. Wright's comments were made at the opening of CERAWeek in Houston, the largest energy conference in the country. He said: "The Trump administration is going to treat climate change as a global physical phenomena that is an unfortunate side effect of the building of modern society." "Everything we do in life is a trade-off." Everything." He stated that the future growth in energy...

Alberta Premier Danielle Smith stated on Monday that Alberta would continue to export crude oil to the United States, but the tariffs threatened by U.S. president Donald Trump also highlighted the need for other markets. She said that U.S. tariffs do not currently apply to Canadian crude oils, but producers are required to complete paperwork to prove compliance. She said this at the CERAWeek conference on energy in Houston. Alberta Premier added that Canada could increase its oil export capacity to the U.S. from 2 million barrels a day. She said that Alberta will continue to provide energy to the...

Venture Global announced on Thursday that it will increase the production capacity of the Plaquemines LNG Plant in Louisiana from 27 million tonnes per year (mtpa) to 45 mtpa with an additional $18 billion investment. The company had raised earlier that day its estimate for the initial phases of Plaquemines construction by about $2 billion. The third phase expansion of the LNG plant will add 24 trains to the existing 36, bringing Venture Global's investment in current and future projects in Louisiana up to $75 billion. CEO Mike Sable stated that. After the first production of its CP2 Export Plant...

New Fortress Energy, a U.S. LNG company, posted a loss for the fourth quarter of 2014 on Monday. This was due to deteriorating performance from its terminals and infrastructure as well as ships. LNG exports to the U.S. reached near-record levels by December 2024. Lower LNG export prices coupled with higher costs squeezed the margins of companies like New Fortress. Data from the Energy Information Administration shows that LNG export prices were $6.26 per 1,000 cubic feet (Mcf), down 18% on 2023. The operating margin at NFE's Terminals and Infrastructure unit fell 44.8%, to $206.1 millions during the quarter. The...

New Fortress Energy, a U.S. LNG company, posted a loss for the fourth quarter of 2009 on Monday. This was due to deteriorating performance from its terminals, ships and infrastructure segments. LNG exports to the U.S. reached near-record levels by December 2024. Lower LNG export prices coupled with higher costs squeezed the margins of companies like New Fortress. Data from the Energy Information Administration shows that LNG export prices were $6.26 per 1,000 cubic feet (Mcf), down 18% on 2023. The operating margin at NFE's Terminals and Infrastructure unit fell 44.8%, to $206.1 millions during the quarter. The operating margin...

The U.S. Army Corps of Engineers announced on Thursday that it was revising its list of over 600 energy projects and other infrastructures it had identified to be expedited under President Donald Trump’s declaration of an energy emergency. Last week, the Army Corps, an engineering service of the federal government with authority to approve projects that involve wetlands or waterways, published a list of projects prioritised for accelerated environmental review. This was done without any public announcement. This was in response to an executive order signed by Trump on January 20, which declared a state of emergency for energy. The...

Analysts, industry sources and company filings say that President Donald Trump's emerging war of trade with Beijing is a threat to the billions of dollars of planned U.S. LNG export projects. Many of these rely on China to be a major buyer. This threat is a reflection of the dual-edged nature Trump's policies. They are meant to boost U.S. businesses and force action against illegal immigration and drug trafficking, but they could also unintentionally undermine his hopes to vastly expand U.S. Energy output. The tariffs could impact long-term contracts and offtake agreements...and may make it harder for new US LNG...

An increase in LNG production in the United States after President Donald Trump ended a moratorium on brand-new export permits ought to benefit consuming nations like India, the president of the country's leading gas importer stated on Monday. Trump last week bought the U.S. Energy Department to resume the consideration of LNG export applications after the Biden administration froze them. If more LNG plants come in the U.S., it will stabilise global LNG rates, Petronet LNG President Akshay Kumar Singh said in a post incomes media call. For a consuming nation (like India), it is expected that if prices remain...

Venture Global LNG has raised $ 1.75 billion after pricing its U.S. initial public offering within variety, the secondlargest exporter of melted natural gas in the United States said on Thursday. The company priced its offering of 70 million shares at $25. each, a day after cutting the price range to between $23 and $27. each and increasing the shares on offer. The company had at first set a target of offering 50 million. shares for $40 to $46 each to raise as much as $2.3 billion for. an appraisal of $110 billion. Endeavor Global was forced to nearly halve...

The U.S. has extended the comment period on a federal study of the financial and ecological effects of the growing melted gas (LNG) export service after advisers had advised President Donald Trump to take a client technique to prevent approvals from getting overturned in court. The U.S. Department of Energy stated late on Tuesday that it is extending the remark period from Feb. 18 to March 20 in order to get appropriate stakeholder input. Trump has actually promised swift action on reversing previous President Joe Biden's pause on the LNG export approvals to huge markets in Asia and Europe. On...

According to company statements and sources, several U.S. producers of LNG are trying to renegotiate with buyers higher prices due to rising construction, labor, and borrowing costs. The higher prices will reduce the competitiveness of U.S. LNG on the global markets, especially at a moment when President Donald Trump wants to expand this industry. Alex Munton is the director of Global Gas and LNG Research at Rapidan Energy Group. He said that "the competitiveness of U.S. Liquefied Natural Gas (LNG) could be affected by a double-whammy." Munton said that rising liquefaction prices, a tighter gas market at home, and declining...

The Asian spot price of liquefied gas (LNG), which is a form of natural gas, fell to its lowest level in three weeks on Friday due to the lacklustre demand for gas and the decline in European wholesale prices. Average LNG price for April deliveries to North-east Asia Industry sources estimate that the price of a million British thermal unit (mmBtu) was $14.00, down from $16.10 per MMBtu last week and at its lowest level since late January. Charles Costerousse is a senior LNG analyst with data analytics firm Kpler. He said, "We are bearish on Asian LNG prices due...

The Asian spot price of liquefied gas rose this week to a record high, despite forecasts for colder weather and concerns about Europe's storage levels. The average LNG price in March for delivery to northeast Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) was $16.10, which is the highest it has been since November 2023. Sources estimate that the average price of April delivery is $15.50/mmBtu. The trading will switch to the April contract on Monday, February 17. The main concern for the market is the rapid withdrawal of gas from Europe's inventories... "The region...

Asian spot melted gas (LNG) rates were little bit changed today, as adequate inventories and mild weather capped demand from East Asian purchasers. The average LNG cost for March shipment into north-east Asia increased somewhat to $14.00 per million British thermal systems (mmBtu), industry sources approximated. Need in Asia stays warm, with East Asia demand relatively constrained in the middle of warmer-than-usual weather, stated Pang Lu Ming, Rystad Energy senior expert, adding that regional projections indicated that South Korea and Japan would see above-normal temperature levels through to early and mid-February. While southern China will likewise experience warmer-than-normal temperatures in...

Asian area melted natural gas (LNG) rates a little declined this week, weighed by healthy inventory levels in the area and weak need. The average LNG cost for March shipment into north-east Asia slipped to $13.90 per million British thermal units (mmBtu), versus $14.00/ mmBtu recently, market sources estimated. The minor decrease was credited to weak need in Asia, as buying interest remained muted in spite of cooler weather condition, owing to healthy stock levels, stated Go Katayama, an analyst at information and analytics company Kpler. Going forward in Asia for the week ahead, we can anticipate some bearishness in...

Asian area liquefied natural gas (LNG) costs fell today from a onemonth high, amid weak demand ahead of the Lunar New Year vacation in Asia, healthy stocks and as current high costs kept some purchasers at bay. The average LNG rate for February delivery into north-east Asia was $14.00 per million British thermal units ( mmBtu), down from $14.60 last week, industry sources approximated. Spot gas prices in Europe and in Asia have actually dropped back from their highs at the start of the month, as the marketplace has taken in the shutdown of Russia-Ukraine pipe flows said Alex. Froley,...

Asian area liquefied natural gas (LNG) costs edged down today as high stocks depressed demand, however rates stayed near their greatest level this year, tracking European gas rates which have actually risen on supply issues. The average LNG price for January shipment into north-east Asia was at $15.00 per million British thermal units ( mmBtu), a little lower than $15.10/ mmBtu last week, market sources estimated. Colder temperature levels in north-east Asia will keep rates in check although not anticipated to raise area demand as adequate inventory levels and high LNG rates will sideline significant purchasers, said Go Katayama, LNG...

Increasing costs of building and equipping new U.S. liquefied natural gas plants will reduce the competitiveness of U.S. gas exports, LNG analysts at Poten &&. Partners forecasted on Tuesday. The Biden administration's export permitting pause likely. will keep global LNG prices higher for longer, and advantage. existing exporters, Poten stated at its International LNG Outlook. conference. Jason Feer, Poten's Service Intelligence chief, also said. the firms proposing new export plants along the U.S. Gulf Coast,. landing brand-new customers will provide a higher risk than. regulation. Among the dangers dealing with LNG exporters are China's weighing of. political threats will limit...

Asian spot liquefied gas (LNG) rates acquired for a 3rd consecutive week to strike a new high for the year so far as chillier weather condition in the region drove demand. The average LNG rate for January delivery into northeast Asia was at $15.10 per million British thermal systems ( mmBtu), up 3.4% from the previous week, market sources approximated. Heating demand is set to be particularly strong in Japan, with forecasts for day-to-day minimum temperatures in Tokyo recommending a prolonged duration of colder weather into the start of the brand-new calendar year, stated Samuel Good, head of LNG prices...

Doubts are growing over Guyana's choice of a littleknown U.S. startup to craft and establish jobs to monetize its vast untapped natural gas resources that could cost as much as $30 billion. Year-old Fulcrum LNG deals with financing hurdles that might thwart its selection. Ultimately, the South American country may wind up relying on a consortium led by Exxon Mobil, which controls all the production in the new energy hotspot. So far the top U.S. oil producer has focused on oil. Guyana has been pushing Exxon to come up with a plan to convert its about 16 trillion cubic feet...

Asian spot liquefied natural gas (LNG) increased slightly this week tracking European gas markets, while warm weather report, strong storage stocks and weak financial data in China helped keep need muted. The average LNG rate for December shipment into northeast Asia increased slightly to $13.60 per million British thermal systems (mmBtu) from $13.40/ mmBtu last week, industry sources estimated. The rate for January delivery was estimated at $14/mmBtu. Asian LNG front-month prices remained largely stable ... due. to a rise in European TTF rates. This stability reflects weak. basics, with robust supply and lowered need driven by. unseasonably warm weather,...

Average LNG price for delivery to North-east Asia in December Industry sources estimate that the price of British thermal units (mmBtu) has dropped to $13,40 from $13,80 per mmBtu in the previous week. Samuel Good, director of LNG pricing for commodity pricing agency Argus, said that the spot demand in North-East Asia has been slow. Good said that temperatures in both Seoul as well as Shanghai are expected to remain above average through the end of December, which could impact gas demand. Alex Froley is a senior LNG analyst with data intelligence firm ICIS. He said that Chinese LNG imports...