LNG Transportation

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...

Stocks of rare-earths miners rose on Thursday morning after China tightened its export controls for metals vital to the electronics and weapons industries. The goal was to limit shipments overseas to defense firms and semiconductor consumers. This announcement comes after U.S. legislators called for more restrictions on chipmaking equipment exports to China. It also expands upon the sweeping controls Beijing implemented in April that caused shortages all over the world. The U.S. Government has increased its efforts to reduce the reliance on China, by investing in companies that it considers to be essential to national safety. These include critical minerals...

ARM Energy Holdings announced on Thursday that it and its partner Pacific Investment Management Company have reached a final decision regarding their $2.3 billion Mustang Express Pipeline Project in Texas. ARM, a marketing company for energy, stated that the project is benefited by a long-term contract with Sempra to ship natural gas for Port Arthur LNG Phase 2 Project, which has recently reached its final investment decision. Sempra announced earlier this month that it would sell a stake of 45% in its infrastructure division for $10 billion and approved a $14 billion expansion to the Port Arthur LNG Project in...

Developer of the Black Bayou Energy Hub announced on Wednesday that the developer has been given approval to build the facilities in Cameron and Calcasieu parishes. Black Bayou Gas Storage announced that the Federal Energy Regulatory Commission had approved the project in August, after a review concluded that there would not be any significant environmental impact. The company stated that the certificate was an important step in moving towards a final decision on investment. Black Bayou Gas Storage announced that Mercuria has invested $50 million as part of its partnership in the project. The project will provide a total of...

Exxon Mobil's CEO Darren Woods raised concerns last week about the risk that an insurgency could pose to a $30 billion proposal. Gas terminal The Financial Times reported that the Mozambique government sought assurances of security from President Daniel Chapo prior to approving the project. Woods and Chapo discussed TotalEnergies' plans to resume work at a nearby liquefied gas (LNG), which is being developed by this French oil major, and lift a "force majeure", the FT reported, citing people familiar with the talks. In 2017, militants linked to the Islamic State launched an insurgency against the gas-rich northern province of...

Energy companies may be retrenching due to a poor outlook for oil and natural gas in the near future, but their investment plans indicate that they are confident the situation will change dramatically by the end decade. The spending plans of energy companies are a good indicator of their confidence about the long-term prospects for this sector, as it can take years to develop a new oil or gas field. It also takes many years before any profits come from these investments. In recent years, it has become increasingly difficult to accurately predict the future fortunes of the oil and...

According to Kpler's and LSEG's ship tracking data, two liquefied gas tankers are heading eastwards towards Asia with cargoes from Russia’s Arctic LNG 2 Project. They picked up fuel for the project sanctioned in the last week. The LNG tankers Voskhod and Christophe De Margerie are traveling north from Russia to Asia via the Northern Sea Route. According to data, they had previously berthed respectively at Arctic LNG 2 between September 23 and 26, according to the data. According to Kpler, both tankers were empty when they arrived. Christophe De Margerie left loaded on 25 September while Voskhod also left...

According to preliminary data provided by financial firm LSEG, the gas flow into the United States' largest liquefied-natural gas (LNG), which can convert over 5 bcf of natural gases a day into LNG, fell nearly 600 millions cubic feet from Monday. This is 1.4 billion cubic foot (bcf) below peak demand. Cheniere Energy Sabine Pass in Texas, which converts over 5 bcf of natural gas a day into LNG, is down to 3.8 bcf, from 4.4 bcf Monday. This suggests that at least one of the company's processing plants (called trains) could be offline. The company didn't immediately respond to...

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...

Three sources familiar with the matter said that the United States had discussed using Russian nuclear-powered vessels to support gas and LNG development projects in Alaska, as one possible deal to be aimed for when Donald Trump meets Vladimir Putin this Friday. Trump arrived in Alaska Friday to attend what he described as a "high-stakes" meeting with Putin, the Russian president. The two men were expected to discuss a ceasefire agreement for Ukraine and an end to the deadliest conflict in Europe since World War Two. The U.S. president and the Russian president, who will meet in the largest city...

Since the Russian gas phaseout, EU dependence on US LNG has increased. China dominates the EU's renewable energies supply chain EU-US trade deal sets unrealistic energy target Ron Bousso LONDON, 31 July - The European Union’s extravagant pledge to purchase $750 billion in U.S. Energy by 2028 could increase the bloc’s already excessive dependence on American Gas, at the same time that it is becoming increasingly dependent on Chinese technology for its energy transition. Under the new trade agreement with Washington, the EU has committed that it will increase its purchases of U.S. natural gas, coal and oil from $75...

Since the Russian gas phaseout, EU dependence on US LNG has increased. China dominates the EU's renewable energies supply chain EU-US trade deal sets unrealistic energy target Ron Bousso LONDON, 31 July - The European Union’s extravagant pledge to purchase $750 billion in U.S. Energy by 2028 could increase the bloc’s already excessive dependence on American Gas, at a time when it is increasingly dependent on Chinese technology for its energy transition. Under the new trade agreement with Washington, the EU has committed that it will increase its purchases of U.S. natural gas, coal and oil from $75 billion in...

EU sanctions unlikely impact Russia's oil revenues severely India and China could continue to buy discounted Russian crude Trump's secondary sanctions may pressure Russia, but they could also risk a global oil price spike Ron Bousso LONDON, JULY 22 - The latest European Union effort to restrict Russia’s oil revenues is unlikely to harm Moscow’s war effort significantly, leaving U.S. president Donald Trump’s threat of secondary sanction as one of the last remaining economic levers for pressure on the Kremlin. The EU agreed to the 18th set of sanctions against Russia on Friday, which Foreign Policy Chief Kaja Kallas described...