Europe’s Engie buys more US LNG with green credentials
French utility Engie has agreed to buy liquefied natural gas from NextDecade Corp. after the US exporter committed to slash most of the emissions associated with a proposed terminal in Texas.
LNG
Bechtel kicks off construction for Tellurian at Driftwood LNG
Tellurian has instructed Bechtel Energy to begin construction at the Driftwood LNG plant, in Louisiana.
US commits to additional LNG supplies for Europe
The US and its partners will send an additional 15 billion cubic metres of LNG to Europe this year, US President Joe Biden has said.
Indonesian tycoon’s firm to spend $500 million on Canada LNG
An energy company backed by Indonesian tycoon Sukanto Tanoto plans to spend $500 million this year on a long-planned liquefied natural gas (LNG) project in Canada, the clearest signal yet that it may move ahead with an LNG export facility on the country’s west coast.
Cheniere, Venture Global prep for more LNG
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
IEEFA raises New Fortress Energy worries
The Institute for Energy Economics and Financial Analysis (IEEFA) has raised a warning over New Fortress Energy’s (NFE) plans.
Calcasieu Pass, Sabine Pass add more LNG capacity
Venture Global’s Calcasieu Pass LNG is loading its first cargo, while Cheniere Energy has announced Train 6 at its Sabine Pass project is complete.
Abu Dhabi ponies up $1.8bn for Sempra stake
Abu Dhabi Investment Authority (ADIA) has struck a deal to buy a 10% stake in Sempra Infrastructure Partners for $1.875 billion in cash.
As gas prices surge Australian LNG developers make more money than US exporters
Extraordinary global gas prices are benefitting Australian liquefied natural gas (LNG) exporters. At current spot prices Australian LNG producers can make even larger margins on spot sales than US exporters, with estimated margins of over US$30 per million British thermal units (MMBtu), due to shorter shipping distances to Asia, said Australian consultancy Energy Quest.
Banning US LNG exports would be ‘highly destabilising’ says IHS Markit
Disrupting liquefied natural gas (LNG) supply would risk higher prices for domestic consumers, undermine US interests abroad and hinder global emissions reduction efforts, a new report from IHS Markit finds.
US to be LNG top dog by end 2022
The US will become the world’s largest LNG exporter by the end of 2022, according to the Energy Information Administration (EIA).
Venture Global launches new Louisiana LNG plan
Venture Global has set out plans to develop a fourth LNG facility, with an investment of $10 billion.
Cheniere seals another long-term LNG supply deal with China
US-based Cheniere Energy (NYSE:LNG) will supply 0.3 million tonnes per year of liquefied natural gas (LNG) to China for 20 years starting in January 2023 after signing a deal with Foran Energy Group.
Woodfibre LNG strikes delayed deal with McDermott
Woodfibre LNG has signed an engineering, procurement, fabrication and construction (EPFC) contract with McDermott International.
McDermott gives Inpex’s Ichthys LNG a boost after EPC win
McDermott will provide engineering, procurement and construction (EPC) services for a booster compression platform at the Inpex-operated Ichthys liquefied natural gas (LNG) project in Australia.
Inpex and Shell’s Abadi faces more headwinds as US LNG muscles in
Inpex’s (TYO:1605) proposed Abadi liquefied natural gas (LNG) plant in the Masela Block offshore Indonesia, which has long struggled to gain traction, is looking increasingly unlikely to be developed, especially as another wave of US LNG projects looms large.
China hungry for more US LNG deals
China, which has overtaken Japan as the world’s largest buyer of liquefied natural gas (LNG), needs more supply deals to meet surging domestic gas demand. This offers US exporters, such as Cheniere (NYSE:LNG), a significant opportunity, especially as trade tensions ease.
Japan’s JERA buys $2.5bn stake in US LNG
Japan's JERA, the world's largest individual buyer of liquefied natural gas (LNG), said today that it will buy a 25.7% interest in Freeport LNG Development in the US for about $2.5 billion as it races to secure LNG supplies.
Asia snaps up American shale gas to keep boilers, furnaces lit
Asian liquefied natural gas (LNG) traders are rushing to secure shipments from the US, where prices are among the cheapest in the world, amid a dash to replenish supply before the winter.
Cheniere secures Corpus Christi expansion support from Glencore
Cheniere Energy has signed another sales contract for LNG in support of its proposed Corpus Christi Stage 3 project.
China’s Sinopec signs up for more US LNG
US liquefied natural gas (LNG) developer Venture Global LNG has signed a trio of supply deals with China’s Sinopec. Significantly, the sales contracts will more than double China’s imports of LNG from the US.
A rising tide threatens LNG plants, IEA warns
Climate change is threatening increasing amounts of energy infrastructure, the International Energy Agency (IEA) has warned.
Is China opening the US LNG floodgate with Cheniere deal?
News that Cheniere (NYSE:LNG) signed a long-term liquefied natural gas (LNG) supply contract with China’s ENN Natural Gas (CH:600803) earlier this week marked the first major US-China deal since 2018. Over the past three years, new LNG deals between the two great powers were put on ice as rising political tensions under the Trump administration thwarted trade.
Cheniere signs long-term LNG deal with China
US-based Cheniere Energy (NYSE:LNG) will supply 0.9 million tonnes per year of liquefied natural gas (LNG) to China for 13 years starting in July 2022 after signing a deal with ENN Natural Gas (SHA:600803).
Stonepeak in $6.2bn move on Teekay LNG
Stonepeak and Teekay LNG have set out a $6.2 billion merger plan, in a deal expected to close by the end of 2021.