LNG Transportation

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...

According to preliminary data provided by financial firm LSEG, the U.S. is now the first country in history to export 10,000,000 metric tons (mmt) or liquefied gas in a month. LSEG data show that the U.S. exported a new record of 10.1 mmt liquid fuel in October. This is up from a revised 9.1 mmt figure in September. The U.S., already the largest LNG exporter in the world, has been increasing sales by setting four records a month for 2025. Data showed that the surge was primarily due to the start-up and ramp-up at Cheniere Corpus Christi Stage 3 and...

Cheniere Energy announced a higher third-quarter profit Thursday on the backs of a strong demand for natural gas liquefied. In 2024, the U.S. will be the largest exporter in the world of liquefied gas. It is expected to ship 11.9 billion cubic foot per day (bcfpd). After Donald Trump took office, the commercial activity in this sector gained momentum. According to preliminary data released by financial firm LSEG, the U.S. exported a total of 9.1 million metric tonnes (MT) in September. Cheniere exported 646 cargoes of LNG or 2,237 trillion British Thermal Units in 2024. Cheniere's LNG revenues were $4.30...

Venture Global received final approval from the U.S. Energy Secretary Chris Wright on Tuesday for exporting liquefied gas (LNG), produced at its CP2 facility in Louisiana that is currently under construction, to countries without a U.S. free trade agreement. Venture Global will be able to export up to 28 million metric tonnes per year (mtpa), or 3.96 billion cubic foot per day, of U.S. Natural Gas to countries that are not part of the Free Trade Agreement. Kyle Haustveit is Assistant Secretary of Fossil Energy. Venture Global, the U.S.'s second largest LNG exporter, could overtake Cheniere Energy when the CP2...

The Polish energy ministry reported that top Polish and U.S. officials discussed the possibility of increasing supplies of U.S. LNG via Poland into Central Europe in order to reduce Central Europe's dependency on Russian gas. It said that last week, the U.S. Energy Secretary Chris Wright and Poland's Deputy Minister of Energy Wojciech Wrochna discussed LNG supplies in Washington and the construction by Westinghouse of Poland's First Nuclear Plant. The ministry stated that "an important topic" of the discussions was the possibility of increasing supplies of American LNG via the Polish gas hub to meet domestic needs, and making Central...

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 due to increased global production. The Paris-based agency's latest report, released on Tuesday provided an...

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...

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...