LNG Transportation

Energy Transfer, a pipeline operator, announced on Wednesday that it would supply U.S. oil giant Chevron an additional 1,000,000 tonnes of liquefied gas per year (mtpa), from its Lake Charles LNG Export Facility. After the 2 mtpa contract signed last year, the 20-year deal brings the total volume contracted for LNG by Chevron up to 3 mtpa. After President Donald Trump, commercial activity in the LNG sector has increased in the U.S. Lifting a moratorium After taking office in January, the new administration will begin issuing LNG export permits. The Lake Charles project is one of the first to be...

Cheniere Energy announced on Tuesday that its board has approved the final investment decisions for the expansion project of Corpus Christi's liquefied gas project. Bechtel Energy, the largest U.S. exporter of LNG, said that it has been asked by CCL Midscale Trains 8 and 9 to begin construction. Cheniere plans to double the current LNG production at Sabine Pass to 90 million tonnes per year by expanding export facilities in Corpus Christi and Sabine Pass. The company also said that it is working on expanding brownfield liquefaction capacities at the Corpus Christi terminal and Sabine Pass Terminal. The company plans...

According to data provided by financial firm LSEG, the amount of natural gases flowing to U.S. liquefied gas company Cheniere Energy’s Sabine Pass Export Plant in Louisiana is on track to reach a preliminary 3-week high on Monday. Energy traders noted that an increase in gas flow and a Cheniere notice that it had completed work on the pipeline that supplies gas to the plant by June 20 are signs that the facility is exiting a maintenance period of three weeks. According to LSEG, gas flows in the 4.5 billion cubic feet per day Sabine region were expected to reach...

Section 899 proposes a tax of up to 20% on the income of foreign investors The proposal is included in President Trump's tax bill signature The tax could have a major impact on the profits of European oil giants Ron Bousso LONDON, 12 June - A proposed U.S. Tax targeting foreign investors may hurt European Energy Giants that operate in America’s booming Oil and Gas Sector, undermining President Donald Trump’s energy dominance agenda. The Senate is reviewing Trump's tax and spending plan, which includes an extra tax of up 20% on the incomes of foreign investors such as dividends or...

According to a FERC report, Cheniere Energy, which is the U.S.'s largest exporter of liquefied gas, has asked the Federal Energy Regulatory Commission to grant permission for the expansion of its Sabine Pass facility. Cheniere submitted a joint request, dated 6 June, to FERC, for authorization to build and operate the Sabine Pass Stage 5 Expansion Project. This project would expand the existing Sabine Pass LNG Facility in Louisiana. With a capacity of 30,000,000 metric tons per year (mtpa), the Sabine Pass terminal is the largest LNG facility in the United States. Six liquefaction train are in operation. According to...

Venture Global Inc.'s shares rose nearly 20% on Tuesday, after the Louisiana-based producer of LNG announced that it had started construction on its proposed CP2 facility in the state following federal approval. CP2 is the largest LNG export facility for the United States, with a capacity of 20 million metric tons per year. This will help the nation remain competitive. The world's largest supercooled gas exporter The company stated that CP2 expects to deliver the first LNG in 2027, and has already made significant progress in terms of engineering, procurement, and contracting. Venture Global stated that off-site maintenance of the...

Cheniere Energy announced on Friday that it had begun the annual maintenance on its largest U.S. LNG facility, Sabine Pass in Texas. Sabine Pass's annual capacity is 30 million metric tons per annum. It has been a key factor in the United States becoming the largest LNG exporter in the world. A Cheniere spokesperson informed by email that "planned maintenance activities are underway at Sabine Pass." Prices tend to rise when U.S. LNG production declines. It is anticipated that the annual maintenance work will reduce U.S. LNG output for a few weeks. Cheniere's Sabine Pass plant, which produces 4.5 bcfd...

U.S. exporter Cheniere Energy announced on Wednesday that its unit had entered into a long term agreement to buy natural gas from Canadian Natural Resources. Why is it important? In 2024, the U.S. was the largest exporter in the world of liquefied gas. It shipped 11,9 billion cubic feet of supercooled fuel per day. After Donald Trump took office, the commercial activity in this sector has increased. CONTEXT Cheniere said in February that it would aggressively pursue regulatory permits for expanding capacity now that Trump has taken office. It had said that the company planned to double its current LNG...

According to LSEG and company statements, Venture Global will become the largest U.S. liquefied gas company next year if they continue to overproduce at their existing plants and proceed with their CP2 project. LSEG data shows that Venture Global, which was only founded three years ago, has a combined production capacity of 38.5 million metric tonnes per annum (mtpa), from its two Louisiana plants. This could rise to 66.5 mtpa once it completes the construction of its newest project, the 28 mtpa CP2 facility, also in Louisiana. This would place the company ahead Cheniere Energy, which is expected to have...

The producers are pushing forward with their liquefied gas projects. They are banking on the urbanisation of the world and its technology sector, which will drive global demand for power and overcome such challenges as oversupply and rising costs. The LNG fuel is seen by many as a transitional fuel to zero emissions. Energy security is also a priority for governments around the world after Russia's invasion in Ukraine caused gas prices to reach record highs. Tengku Taufik of Malaysian energy company Petronas said at the World Gas Conference that Asia-Pacific economies were "ravenously hungry" for LNG. The proliferation of...

After releasing its final report on the effects of future exports, the U.S. Department of Energy said it would begin to approve or reject pending permits for liquefied gas exports. In 2024, the administration of U.S. president Joe Biden halted any approvals of LNG exports pending the results of a study that would determine whether increasing LNG exports might harm the environment or increase gas prices due to a higher demand for gas from LNG plants. The U.S. is the largest LNG exporter in the world. Triple your export capacity The 2024 study confirms the knowledge that our nation has...

New Fortress Energy reported a loss for the first quarter of the year on Wednesday. The U.S. LNG company struggled to perform well across all its segments. This sent the shares plummeting nearly 19% during extended trading. Excelerate Energy purchased the company's assets and operations in Jamaica for $1.06billion. The New York company delayed its announcement of first-quarter results from Monday to allow it to complete the deal. Wes Edens, CEO of Excelerate, said: "The sale of our Jamaican assets is a milestone for our company. We are able to streamline our operations while paying down corporate debt by selling...

JERA, Japan’s largest power generator, announced on Thursday that it has signed new supply agreements for U.S. LNG from four projects in order to diversify its portfolio and move away from its dependence on Australia. JERA intends to purchase up to 5.5 millions metric tons of U.S. Liquefied Natural Gas (LNG) per year under 20-year agreements, with deliveries beginning around 2030. This total includes previously reported agreements as well as recently announced ones. This move demonstrates Japan's desire to secure a stable and flexible LNG source to meet the growing demand for electricity due to data centre expansion. The country...

The price of Asian LNG spot rose for the third consecutive week to a record high. This was due to renewed demand and weak production in Malaysia, as well as Egypt's desire to secure large volumes for the remainder of the year. Average LNG price for July deliveries into North-East Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) is now $12.40, up from $11.75/mmBtu a week ago. Alex Froley is a senior LNG analyst with data intelligence firm ICIS. He said that the market had been in a trend of rising since the recent lows...

Shell Energy expects that several traditionally LNG exporting nations will become net importers. This could drive demand for super-cooled fuel and ease concerns about an oversupply of the super-cooled fuel due to a number of new planned projects. Shell's Executive Vice President for LNG, Cederic Cremers said that Indonesia, Malaysia and Algeria will likely become net importers in the future, as their domestic demand is increasing while their production is decreasing. He said that he predicted that the LNG market would grow by 50 million tonnes between now and the year 2040. These LNG exporters will likely join Egypt which...

The producers are pushing forward with their liquefied gas projects. They are banking on the urbanisation of the world and its technology sector, which will drive global demand for power and overcome such challenges as oversupply and rising costs. The LNG fuel is seen by many as a transitional fuel to zero emissions. Energy security is also a priority for governments around the world after Russia's invasion in Ukraine caused gas prices to reach record highs. Tengku Taufik of Malaysian energy company Petronas said at the World Gas Conference that Asia-Pacific economies were "ravenously hungry" for LNG. The proliferation of...

The price of Asian spot LNG fell to a record low this week due to weak demand. Trade wars also raised concerns about long-term Asian 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) was $11.00, its lowest since mid-May 20,24. It had been $11.80/mmBtu a week ago. "LNG prices expectations have changed in the past two and a quarter months." The U.S. tariff war will slow down global demand. European gas storage targets have been weakened, and imports to China, the world's largest LNG...

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...

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,...