LNG Transportation








Asia

North America

Natural Gas Pipeline

Energy Transfer signss deal with MidOcean to build LNG plant in Lake Charles, Louisiana

Energy Transfer, the U.S. pipeline company, announced on Wednesday that it had entered into a non-binding agreement to develop together with MidOcean Energy the Lake Charles LNG Export Facility in Louisiana. MidOcean is responsible for paying 30% of construction costs and will receive 30% of LNG production. This amounts to approximately 5.0 million metric tons per year (MTPA). Energy Transfer is both the developer and the operator of the facility. Energy Transfer must make the final investment decision before the agreement becomes binding. Energy Transfer has now finalized sales agreements as well as non-binding sales contracts for 16 millions metric...

LNG Transportation

The US will no longer impose a 7-year export deadline set by Biden on new LNG projects

Wednesday, the U.S. will revoke a policy that was issued by former President Joe Biden's administration, which required that liquefied gas projects, or LNG, export within seven year of regulatory approval. The LNG industry had pressured the Trump administration to withdraw the April 2023 policy statement on Department of Energy export approvals to major markets in Europe, Asia and Africa because many projects would take more than seven year to complete. The Federal Register will publish a document on Wednesday that states, "From now on, DOE will review applications to extend the export start deadline of an authorized holder and...

LNG Transportation

The US will no longer impose a 7-year export deadline for LNG projects, as set by Biden

The U.S. will rescind on Wednesday a policy that was issued by the former administration of President Joe Biden, which required liquefied gas projects, or LNG, to export within seven year of receiving approval. The LNG industry pushed President Donald Trump's administration to reverse the April 2023 policy statement of the Biden administration on Department of Energy approvals of exports to major markets in Europe, Asia and Africa because many projects require more than seven years to complete. They have stated that if the projects are forced to restart their applications, it could cause delays in LNG exports. The Federal...

Natural Gas Pipeline

US LNG exports surge in March as Plaquemines plant ramps up

According to preliminary data, the U.S. sold more than 9,000,000 metric tons of supercooled gas in March. In declaring a state of energy emergency, President Donald Trump promised to unleash American power. This strategy includes a growth in LNG exports. LSEG data revealed that in March, the U.S. exported 9,3 MT (metric tons) of LNG, breaking the previous record set by 8.6 MT in December 2023. Production was boosted by the ramp-up Phase 1 of Venture Global Inc.'s 3.2 bcfd Plaquemines LNG Plant, currently under construction. LSEG reported that Plaquemines pulled 2.136 billion cubic foot (bcf), a record for the...

LNG Transportation

Sources: Excelerate Energy close to $1 billion deal with New Fortress Jamaica unit

According to sources familiar with the situation, Excelerate Energy, a provider of liquefied natural gas infrastructures is close to completing a deal for the Jamaican business of its smaller rival New Fortress Energy. The price will be around $1.1 billion. Sources who asked to remain anonymous in order to discuss their private discussions said that if the negotiations are successful, a deal could be announced by Thursday. Excelerate expects the all-cash transaction to increase its global footprint. Its LNG infrastructure is currently deployed in Bangladesh, Brazil and Finland, among other countries. New Fortress will also be able to address its...

LNG Transportation

After a lightning strike, the Gulf South pipeline cut gas to Freeport LNG Texas's plant

Gulf South Pipeline Company announced on Monday that it had stopped supplying natural gas to Freeport LNG in Texas following a lightning strike. Gulf South said that the lightning strike led to a declaration of force majeure for the line, effective immediately. It added that it was working to restore service to its customers as soon as possible. According to LSEG, the incident has reduced gas consumption at Freeport LNG, which can process 2.4 billion cubic foot of gas each day, to 450 millions cubic feet per daily (mcfd), from an earlier expectation of nearly 1.8 bcfd. Freeport requires 700...

LNG Transportation

US court reverses energy regulator's decision for NextDecade's Texas Liquefied natural gas facility

NextDecade, an energy company, announced on Tuesday that U.S. Court of Appeals District of Columbia revised its August 2024 judgement against the order of the energy regulator allowing construction of NextDecade's LNG project. The flagship NextDecade facility has been under development for several decades and has already experienced multiple delays. The revised court order sends back the Federal Energy Regulatory Commission order concerning the first five liquefaction train at the Rio Grande facility for further review. However, the order itself is still in effect. "We are happy with the revised court judgement today, which ensures that construction at the Rio...

LNG Transportation

Excelerate's exec: Argentina will only import LNG from one terminal in winter

A company executive confirmed that Argentina had not requested an extra floating regasification facility from Excelerate Energy in the coming winter, because the South American nation plans to import less liquefied gas this year. Derek Wong (Excelerate's Vice President of Government Relations) told the CERAWeek Conference in Houston, that the floating storage unit and regasification facility (FSRU), the company's only import facility, could be sufficient to meet the demand this year depending on the weather. In the past, Argentina has faced high costs for LNG imports. However, an increase in domestic production of natural gas and LNG cargos has led...

LNG Transportation

Regulator approves Cheniere Texas LNG plant expansion, says executive

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...

LNG Transportation

CERAWEEK - US approves Delfin LNG Export Permit Extension

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...

LNG Transportation

CERAWEEK - US energy secretary: global warming is a side effect modern economy

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...

LNG Transportation

Alberta Premier says Canada could increase oil exports to US but needs new markets as well.

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...

Europe

LNG Transportation

Asian spot prices remain at a 1-year low due to a tepid demand

The price of Asian spot LNG (liquefied natural gases) increased this week despite production problems in Asia and Europe. However, it was still at a near-year-low due to tepid overall demand. Average LNG price for delivery to North-east Asia in June Industry sources estimate that the price of a million British thermal unit (mmBtu) is now $11.80, up from last week's $11.50/mmBtu which was its lowest level since mid-May. Martin Senior, Argus' head of LNG pricing, stated that there are only a few buyers for immediate cargoes. Chinese and Indian importers are largely ignoring the market because prices are over...

LNG Transportation

Orlen wants to sell 1 billion cubic meters of gas to Ukraine before September, according to sources

Two sources familiar with the matter said that Orlen, a Polish company, aims to deliver 10 LNG cargoes to Ukraine in 2010, as Kyiv tries to fill its gas storage facilities before winter. After Russian shelling, Ukraine has been left with nearly empty storage facilities and damaged production equipment. It is now looking to expand its gas transit routes, and purchase large volumes of U.S. Liquefied Natural Gas (LNG) via Germany, Greece and Poland. Sources said Orlen includes gas supplied by the United States. The United States has called for Europe to purchase more energy from it and provides important...

LNG Transportation

US gas companies refocus on Haynesville Basin, buoyed with Trump LNG plans

U.S. Natural Gas Producers and Investment Firms are preparing for increased activity in Louisiana's Haynesville Shale Basin, positioning themselves to take advantage of a boom in the exports of liquefied gas boosted by President Donald Trump's new approvals. As the United States, the world's biggest LNG exporter, brings new projects to Texas and Louisiana, gas prices will rise. The U.S. is expected to reach record levels of gas demand in 2025 and 26. After Trump lifted a moratorium in his first days in office, energy companies are now planning and building large-scale LNG projects. This will increase the demand for...

Western Europe

East Asia

LNG Transportation

Asian spot LNG prices are near a three-month low amid abundant supply

The Asian spot price of liquefied gas (LNG), despite a slight rise, remained near a three-month high amid abundant supply and mild weather predictions. Average LNG price for delivery to North-east Asia in May Industry sources estimate that the price per million British Thermal Units (mmBtu) is now $14.60, up from $13.40/mmBtu a week ago. Toby Copson is the chairman of Davenport Energy Partners. He said, "It’s a market that is currently reacting: it’s hard to predict what will happen next in a world where new tariffs and sanctions are being implemented, as well as if unforeseen new volumes of...

Natural Gas Pipeline

US LNG exporters are looking to renegotiate contracts to cover rising costs

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...

LNG Transportation

Asia LNG spot prices fall to a three-week low due to tepid demand

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...

LNG Transportation

Asian spot LNG prices rise amid colder weather and Europe stock concerns

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...

LNG Transportation

Asian area LNG little bit altered on sufficient stocks, moderate weather condition

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...

LNG Transportation

Asian spot LNG slips amidst healthy stocks, weak demand

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...

LNG Transportation

Asian area LNG down from one-month high ahead of Lunar New Year

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,...

LNG Transportation

Asian spot LNG remains near greatest level this year

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...

LNG Transportation

Increasing LNG terminal expenses to make brand-new US jobs less competitive, states analyst

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...

LNG Transportation

Asian spot LNG gains as cooler weather condition drives demand

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...

LNG Transportation

Guyana's choice of brand-new US startup faces hurdles to tap vast gas reserves

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...

LNG Transportation

Asian spot LNG somewhat up amid lower than average demand

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,...