LNG Transportation

By America Hernandez PARIS, January 13 - French utility Engie signed a 15-year contract to supply liquefied natural gas to power plants in Thailand owned by Gulf Development PCL on Tuesday. Delivery of up to 0.8 millions metric tons per year will start?in 2028. Details of the price were not revealed. Thailand is the largest LNG importer in Southeast Asia. The demand for the fuel will continue to grow as it gradually replaces coal, which accounts for 14% of its electricity mix. Gulf Development's CFO Yupapin. Wangviwat stated in a?statement that "this LNG procurement aligns to Thailand's national strategy for...

Preliminary data from LSEG revealed that the U.S. became the first nation to export over?100,000,000 metric tons of liquefied gas (mmt) in a year in 2025,?powered mainly by the start-up of new plants. LSEG data revealed that the world's biggest LNG exporter, Qatar, sold 111 mmt, nearly 20 mmt higher than its nearest competitor and almost 23 mmt higher than last year. Last year, U.S. LNG exports accounted for about a quarter. LSEG data showed that Venture Global's Plaquemines?facility?-the country's second largest export facility - delivered 16,4 mmt by 2025, after sending its initial cargo in December 2024. Alex Munton...

The energy markets are in a depressed mood for 2026, as geopolitical uncertainties cloud the outlook. In addition, signs of a growing oil and gas supply threaten to lower prices. The oil and gas industry had a crazy year in 2018. Highlights included the 12-day Israel/Iran conflict in June, the trade wars of Donald Trump, the intensified targeting by Russia of energy infrastructure as part of its war on Ukraine, OPEC’s sometimes perplexing decisions regarding production, and the recent threatened U.S. ban of Venezuela. What's next for the upcoming year? Here are five energy trends that will likely shape the...

The preliminary data released by financial firm LSEG on Monday showed that U.S. liquefied gas exports reached a record high for the second consecutive month in November, thanks to cooler weather conditions and robust production from the two biggest producers of the country. According to LSEG, the U.S. is the top LNG exporter in the world. It shipped 10.9 million metric tons last month. This was up from 10.1 mmt during October, despite the fact that the month had one fewer working day. Cheniere Energy, U.S.'s largest LNG exporter, increased shipments from its two Texas facilities to 4.6 mmt, up...

According to preliminary data by financial firm LSEG, the U.S. demand of natural gas that will be converted into LNG surpassed 19.3 billion cubic feet Friday. This is a record high for the third consecutive day. The U.S. exports the most liquefied gas in the world. LSEG data shows that the record usage was led by two of the largest U.S. oil exporters: Cheniere's Sabine Pass facility in Texas pulled 5.1 bcf and Venture Global Plaquemines in Louisiana continued its ramp-up pulling 4.2 bcf, respectively. The U.S. natural gas demand for LNG was less than 12 bcf/day in 2024. This...

GasCo, Singapore's state-owned gas buyer, will be seeking offers for the supply of liquefied gas for delivery in 2028 in order to fill a supply gap expected in the country. This company was established earlier this year in order to centralise Singapore’s gas supply and procurement after LNG prices spiked due to the Ukraine-Russian war. Alan Heng, in an interview with The Straits Times on Thursday, said that existing contracts will cover Singapore’s demand for the next two-years, but the gap in supply is expected to reach around 3 million metric tonnes in 2028-2029 and about 6 million in 2035....

Venture Global announced on Monday that it has asked the U.S. Federal Energy Regulatory Commission to allow the company to more than double its Plaquemines liquefied gas export facility, which is currently under construction in Louisiana. The company is looking to increase the LNG capacity by 30 million metric tonnes per annum (mtpa), in addition to the 28 mtpa previously approved. Plaquemines, the second largest LNG facility in the U.S., was responsible last month for 22% total exports out of the country. Venture Global CEO Mike Sabel stated in a press release that "our decision to increase the project's allowed...

Anatol Feyegin, Chief Commercial Officer at Cheniere Energy, said that U.S. LNG plants may be able to take up as much as 40 billion cubic feet of natural gases per day over the next few years. According to LSEG data, U.S. LNG plants are using a record amount of natural gas (18 bcfd) to produce LNG. Feygin, speaking at a Federal Reserve Bank of Kansas City seminar, said that the increased demand for gas liquefaction may lead to higher natural gas prices. Prices have risen by 62% in the last year and could become even more costly towards the end...

One would not expect a CEO of a large oil company to brag that he is more confident than ever when warnings are rife about the imminent collapse of oil prices. Mike Wirth, CEO of Chevron, announced the updated strategy on Wednesday. He dismissed concerns about an oversupply of oil in the short term, and expressed confidence in the long-term prospects for the sector. This was a far cry from the doubts that surrounded the industry a few decades ago when the momentum began to build towards the shift away from fossil fuels to low-carbon energy. The strong support for...

Venture Global reported a profit for the third quarter of 2014 on Monday. This was a significant improvement over a loss in the previous year. The increase in production from its Plaquemines plant, located in Louisiana, and strong LNG demand were both factors. Venture Global shares were up 6.4% on pre-market trading. According to preliminary data released by financial firm LSEG, the U.S. was the largest LNG exporter in the world with a record 10.1 millions metric tons of LNG exported in October. According to LSEG, Venture Global was the second-largest exporter of superchill gases in the U.S. last month....

In recent months, oil prices have fluctuated within a relatively small range between $60 and $70 per barrel. This reflects both warnings about rising oil supplies and concerns over trade wars or geopolitical conflict. This may be a'sweet spot' for U.S. president Donald Trump but it's a 'no-man's land" for oil producers. The low end of the range was reached in mid-October. This allowed Trump to carry out his threats to impose severe sanctions against Russia's two giant oil companies, Lukoil & Rosneft. These two firms account for 5% of world output. Trump calculated that the escalation in the economic...

Petronet LNG, India's largest gas importer, will receive 500,000 tonnes of LNG in 2026 as part of its 1.2 million tons per year supply agreement with ExxonMobil under Australia's Gorgon Project. This was announced by its managing director on Friday. Petronet imports 1,42 million tonnes of LNG per year from the Gorgon Project, in which ExxonMobil holds a stake. This is part of a long-term agreement with the U.S. energy giant. A.K. Singh, the Managing Director, said that the first cargo, under a new 15-year contract, agreed upon in 2017, should arrive between March andApril next year. Singh said at...

Donald Trump has announced his intention to import Venezuelan oil that was previously sanctioned into the U.S. This will disrupt the global energy game plan and highlight the seriousness of Trump's administration's ambitions to dominate the Western Hemisphere. This "Donroe doctrine" - Trump's rebranding a 19th century doctrine that asserted Washington’s zone of influence throughout the Americas - may ultimately target China. But?U.S. Oil companies may suffer unintended consequences. Trump said on Tuesday that Caracas had agreed to export $2 billion of Venezuelan crude oil to the U.S. It was only days after the U.S. ousted Venezuelan president Nicolas Maduro,...

The Asian spot prices for liquefied gas started the year flat, due to a lack of regional demand and an abundance of supply. This follows a 34% drop in 2025. Average LNG price for February deliveries to Northeast Asia Industry sources said that the price was?estimated at $9.60 per mmBtu (million British thermal units), which is unchanged from last week. Siamak Adibi is the director of gas and LNG supply analysis at consultancy FGE. He said that despite outages in Canada at LNG Canada, and in the U.S. at Freeport LNG, LNG supply levels in December were likely to reach...

Asian spot liquefied gas prices rose this week, as colder weather forecasts boosted the demand in South Korea. However, weaker buying across China has led to a 34% drop since 2025. Average LNG price for February deliveries to Northeast Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) is $9.60, up from $9.50 in the previous week and at its lowest level since April 2024. The market is still under pressure from the continued soft demand in Asia, with its weak economic indicators. There are also plenty of alternatives like coal in China. Klaas Dzeman, a...

The Asian spot prices of liquefied gas have fallen to their lowest levels in the last two months due to high inventories, mild weather and low demand. Average LNG price for delivery to North-east Asia in January Industry sources estimate that the price per million British thermal unit was $10.66, its lowest since early October, and is down from $10.90/mmBtu, last week. Klaas Dzeman, a market analyst with Brainchild Commodity Intelligence, said that "Asian Prices are on a slightly downtrend, as the economic demand has not surprised to the upside. China's Manufacturing PMI was disappointing at 49.2". He said that...

The Asian spot price of liquefied gas rose slightly last week but remained in the $11 range due to well-stocked inventories. Average LNG price for delivery to North-East Asia in January Industry sources estimate that the price per million British thermal unit was $11.66 this week, up from $11.10/mmBtu in the previous week. Toby Copson is chairman of Davenport Energy Partners. He said, "The APAC Market remains largely flat or bearish. This is due to (a) a later start to the winter and unseasonably warm temperatures, which are muting seasonal heating demand." He added that "Geopolitical risks premiums have been...

The Asian spot price of liquefied gas was flat for the second week in a row, due to steady supplies and weak demand throughout the region. Average LNG price for delivery to northeast Asia in December Industry sources estimate that the price per million British Thermal Units (mmBtu) is $11.10. Estimated price for January deliveries was $11.05/mmBtu. "Short-lived cold snaps in Asia may have triggered a little spot interest, but the overall picture of the market is still weak." The economic situation has not improved in the past weeks, said Klaas Dozeman of Brainchild Commodity Intelligence. He said that the...

One would not expect a CEO of a large oil company to brag that he is more confident than ever when warnings are abounding about an impending collapse in oil prices. Mike Wirth, CEO of Chevron, announced the updated strategy on Wednesday. He dismissed concerns about an oversupply of oil in the short term, and expressed confidence in the long-term outlook for the sector. Chevron, like its Big Oil counterparts, has benefited from the "energy dominance agenda" of U.S. president Donald Trump. Wirth said to investors, "Never before in my career have i seen a more confident outlook." "The best...

The latest International Energy Agency outlook indicates that oil demand could continue to rise into 2050. This is a dramatic shift from previous reports, and it serves as a reminder of the importance of black gold in the global economic system. The IEA published its annual World Energy Outlook on Wednesday. It outlines different paths for energy demand up to 2050. This is a fairly routine release, but this year it has become a political issue. The U.S. administration of President Donald Trump has accused the Paris-based energy watchdog of politicising its report that suggests fossil fuel demand could plateau...

The International Energy Agency’s latest outlook indicates that oil demand could continue to rise into 2050. This is a dramatic shift from previous reports, and it serves as a reminder of the importance of black gold in the global economic system. The IEA published its annual World Energy Outlook on Wednesday. It outlines different paths for energy demand up to 2050. This is a fairly routine release, but this year it has become a political issue. The U.S. administration of President Donald Trump has accused the Paris-based energy watchdog of politicising its report that suggests fossil fuel demand could plateau...

Western oil companies have seen their profits soar as a result of the increasing attacks on Russia's energy industry, both in terms of economics and literally. This has helped to alleviate concerns about a possible supply glut and boosted profit margins for global refiners. Since July, waves of Ukrainian drone attacks on Russia's vast refinery and export terminal network have severely impacted the country's refined fuel exports such as fuel oil and diesel. According to Kpler, Russia's seaborne refinery product exports dropped by 500,000 barrels a day in September from their highs of 2025 to 2 million bpd. This is...

LSEG data on Saturday showed that Russia's liquefied gas exports in January-October decreased by 3.4% compared to a year ago to 25.2 millions metric tons (mmt), but jumped 21% in October to new records due to the start of Arctic LNG 2. U.S. sanctions against Ukraine have slowed down the export of LNG from Russia, particularly the new Arctic LNG 2 facility. These sanctions have also significantly reduced the use by the fleet of tankers for fuel transportation. Ship-tracking data provided by Kpler and LSEG revealed that China received its LNG cargo at the end August from the sanctioned Russian...

The International Energy Agency (IEA) continues to predict a significant oil supply glut, but the uncertainty surrounding the location of nearly 1.5 million barrels of crude oil per day is putting this forecast into question. Since months, the oil market has been unable to find a direction. Prices have remained in a tight range as traders tried to understand starkly divergent projections of supply and demand from IEA and OPEC. The IEA has predicted a severe glut of oil this year and in the next year due to increased global production. The Paris-based agency's latest report, released on Tuesday provided...