LNG Transportation

Stocks of rare-earths miners rose on Thursday morning after China tightened its export controls for metals vital to the electronics and weapons industries. The goal was to limit shipments overseas to defense firms and semiconductor consumers. This announcement comes after U.S. legislators called for more restrictions on chipmaking equipment exports to China. It also expands upon the sweeping controls Beijing implemented in April that caused shortages all over the world. The U.S. Government has increased its efforts to reduce the reliance on China, by investing in companies that it considers to be essential to national safety. These include critical minerals...

ARM Energy Holdings announced on Thursday that it and its partner Pacific Investment Management Company have reached a final decision regarding their $2.3 billion Mustang Express Pipeline Project in Texas. ARM, a marketing company for energy, stated that the project is benefited by a long-term contract with Sempra to ship natural gas for Port Arthur LNG Phase 2 Project, which has recently reached its final investment decision. Sempra announced earlier this month that it would sell a stake of 45% in its infrastructure division for $10 billion and approved a $14 billion expansion to the Port Arthur LNG Project in...

Developer of the Black Bayou Energy Hub announced on Wednesday that the developer has been given approval to build the facilities in Cameron and Calcasieu parishes. Black Bayou Gas Storage announced that the Federal Energy Regulatory Commission had approved the project in August, after a review concluded that there would not be any significant environmental impact. The company stated that the certificate was an important step in moving towards a final decision on investment. Black Bayou Gas Storage announced that Mercuria has invested $50 million as part of its partnership in the project. The project will provide a total of...

Exxon Mobil's CEO Darren Woods raised concerns last week about the risk that an insurgency could pose to a $30 billion proposal. Gas terminal The Financial Times reported that the Mozambique government sought assurances of security from President Daniel Chapo prior to approving the project. Woods and Chapo discussed TotalEnergies' plans to resume work at a nearby liquefied gas (LNG), which is being developed by this French oil major, and lift a "force majeure", the FT reported, citing people familiar with the talks. In 2017, militants linked to the Islamic State launched an insurgency against the gas-rich northern province of...

Energy companies may be retrenching due to a poor outlook for oil and natural gas in the near future, but their investment plans indicate that they are confident the situation will change dramatically by the end decade. The spending plans of energy companies are a good indicator of their confidence about the long-term prospects for this sector, as it can take years to develop a new oil or gas field. It also takes many years before any profits come from these investments. In recent years, it has become increasingly difficult to accurately predict the future fortunes of the oil and...

According to Kpler's and LSEG's ship tracking data, two liquefied gas tankers are heading eastwards towards Asia with cargoes from Russia’s Arctic LNG 2 Project. They picked up fuel for the project sanctioned in the last week. The LNG tankers Voskhod and Christophe De Margerie are traveling north from Russia to Asia via the Northern Sea Route. According to data, they had previously berthed respectively at Arctic LNG 2 between September 23 and 26, according to the data. According to Kpler, both tankers were empty when they arrived. Christophe De Margerie left loaded on 25 September while Voskhod also left...

According to preliminary data provided by financial firm LSEG, the gas flow into the United States' largest liquefied-natural gas (LNG), which can convert over 5 bcf of natural gases a day into LNG, fell nearly 600 millions cubic feet from Monday. This is 1.4 billion cubic foot (bcf) below peak demand. Cheniere Energy Sabine Pass in Texas, which converts over 5 bcf of natural gas a day into LNG, is down to 3.8 bcf, from 4.4 bcf Monday. This suggests that at least one of the company's processing plants (called trains) could be offline. The company didn't immediately respond to...

As part of its plan to increase its global presence on the liquefied gas market, U.S. oil giant Chevron has begun early-stage discussions to explore potential opportunities in European Regasification Terminals. Since the invasion of Ukraine by Russia in 2022, Europe has drastically reduced its Russian gas imports. Chevron has increased its LNG trading activities significantly. The company is under contract to export 7,000,000 tons of LNG per year from the U.S. beginning in 2026. Although not operating on the same scale as Shell or TotalEnergies yet, the company is still a major global energy firm. Freeman Shaheen is the...

NextDecade, a U.S. producer of liquefied gas, said it had reached a final investment decision in favor of the fourth liquefaction train for its Rio Grande project, located in Texas. In extended trading, shares of the company increased by nearly 2%. This announcement marks the fourth FID positive for an LNG project in the United States - the world's biggest exporter of superchilled fuel. Once they have enough contracts to finance the project, LNG developers usually reach a FID for their projects. NextDecade is signing LNG deals with the Brownsville, Texas, facility. The facility is currently under construction, and it...

New Fortress Energy, a U.S. LNG company, posted a larger loss for the second quarter on Friday as lower contributions from asset sales affected its performance. The New York-based firm reported a net profit of $556.8 millions, or $2.02 per common share, for the three months ending June 30. This compares to a $86.9million loss, or 44c per share, one year ago. NFE's revenue total fell from $428.8 million to $301.7 in the second quarter. The company's core adjusted earnings dropped to a loss $3.7 million, from a profit $120.2 million one year ago. New Fortress Energy's earnings were negatively...

The U.S. Department of Energy has granted the final export authorization for Commonwealth LNG's export facility in Louisiana. The United States is making an effort to consolidate its position as the largest exporter of LNG after replacing Qatar and Australia, who were previously LNG export leaders. Soon after taking office, Donald Trump lifted the pause placed by the previous administration on the new LNG export permits in 2024. This was to allow for an assessment of the criteria of public interest. The United States could triple their export capacity by 2030, with new projects currently under construction or awaiting financial...

Ship-tracking data provided by Kpler and LSEG revealed that China received its first liquefied gas cargo this week from a Russian sanctioned project. This was just days before the meeting between Russian President Vladimir Putin and Chinese President Xi Jinping. Putin will be one of more than 20 world leaders including Indian Prime Minister Narendra modi who will attend on Sunday and Monday the Shanghai Cooperation Organisation Summit in China's northern city port Tianjin, where he expects to meet Xi for a revival of trade between the two countries. After meeting with U.S. president Donald Trump earlier this month in...

The price of Asian spot liquefied gas fell this week due to a lacklustre market. Prices are expected remain low as Chinese gas production and ample stocks limit the interest in spot purchases. Average LNG price for delivery to North-east Asia in November Industry sources estimate that the price per million British Thermal Units (mmBtu) was $11.20, down from $11.50/mmBtu in the previous week. Go Katayama is an LNG and gas analyst with data analytics firm Kpler. He said that Asian LNG prices will remain somewhat bearish through next week due to increased domestic gas production, higher underground storage withdrawals...

According to data provided by analytics firms Kpler & Vortexa, a liquefied gas (LNG), tanker loaded cargo for the sanctioned Arctic LNG 2 plant in Russia last week. This was the sixth time this year that the plant has been used. The cargo was sanctioned due to Russia's conflict in Ukraine. It is the first time since the project began last year that cargo has been received by a final-user. According to Kpler data and Vortexa, six tankers have already picked up cargoes at Arctic LNG 2 this year. The latest was La Perouse which arrived on August 27 and...

Data from Kpler and LSEG showed that a tanker loaded with liquefied gas from Russia’s Arctic LNG 2 plant, sanctioned by the United Nations, moored on a southern Chinese import terminal Thursday after having been laden at a Russian facility in June. The first cargo to arrive from the Arctic LNG 2 Project would be if the LNG tanker discharges at the terminal. Western sanctions are targeting the project because of Russia's conflict with Ukraine. According to LSEG data and Kpler, the Arctic Mulan LNG Tanker sat idle off the coasts of Egypt between February and April, before traveling through...

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 the same time that it is becoming 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...

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...