LNG Transportation

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...

Venture Global announced a higher-than expected core profit for the current year on Tuesday. This was due to higher LNG demand, and higher LNG shipments. In premarket trading, shares of Venture Global, a company that became the most valuable U.S. gas company when it was listed in January, rose 3.8% to $10.29. The U.S. has become the top LNG exporter in the world. Commercial activity in this sector has increased since President Donald Trump lifted the moratorium on new LNG export permits in January. LSEG data shows that while Venture lowered their current-year adjusted core profits forecast from between $6.8...

According to four sources familiar with the matter, the Malaysian state-owned company Petroliam Nasional (or Petronas) is in discussions with Commonwealth LNG about buying liquefied gas from its Cameron, Louisiana facility. Petronas has been in discussions with Commonwealth LNG to purchase at least 1 million metric tonnes per annum of LNG. Two of the four sources declined to identify themselves as they weren't authorised to talk to the media. One source said that the talks are advanced for at least one mtpa. Several Asian nations plan to increase the contractual purchases of U.S. LNG in order to reduce the imbalanced...

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...

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...

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...

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...

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...

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,...

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...