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World's Top LNG Buyers Form Alliance to Push for Flexible Contracts
(Thursday, March 23, 2017) The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.
EnerMech Manager Credits Staff for Prelude FLNG Contract Win
(Wednesday, March 22, 2017) The high calibre of its staff helps EnerMech secure a pre-commissioning subcontract with Technip Oceania Pty Ltd on the Shell Australia operated Prelude FLNG project.
ICE to Offer First U.S. Gulf Coast LNG Futures Contract
(Wednesday, March 22, 2017) U.S. gas producers, plagued by low domestic prices in recent years, are eager to sell into the international marketplace through LNG.
Poland to Cap Gas Imports from Single Source at 70 Pct from April
(Wednesday, March 22, 2017) Poland plans to cap gas imports from a single source at 70 percent of overall supplies from April, and reduce that to a third by 2023 as it seeks to cut dependence on Russia and comply with EU law, the energy ministry said.
Chevron Calls End of LNG Mega Project After $88 Billion Spree
(Tuesday, March 21, 2017) Chevron's two major Australian LNG facilities have suffered from cost blowouts, delays and poor timing.
Rosneft Signs Deal To Supply 10 LNG Cargoes To Egypt In 2017
(Tuesday, March 21, 2017) Rosneft signs a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company this year.
America's Shale Gas Selling at Record Prices to Overseas Buyers
(Monday, March 20, 2017) A year after Cheniere Energy Inc.'s Louisiana terminal shipped the first exports of U.S. natural gas from shale, cargoes from the facility are fetching higher prices than ever.
Armed With $11 Billion, Thai Oil Giants Hunt for Investments
(Monday, March 20, 2017) LNG plants would help feed Thailand's growing demand.
Australia Threatens Gas Majors with 'Action' to Avert Domestic Shortage
(Monday, March 20, 2017) Australia is on track to become the world's largest exporter of LNG, yet its energy market operator has warned of a domestic gas crunch from 2019 that could trigger industry supply cuts and broad power outages.
France's Total Seeks Stake in $4 Bln Iranian Gas Field Project
(Friday, March 17, 2017) Total is seeking a 50 percent stake in a $4 billion project in Iran's giant South Pars gas field, the French energy firm said in a regulatory filing on Friday detailing talks held with Iranian officials on several projects in 2016.
May Contract Softens as Fresh Supply Looms
(Friday, March 17, 2017) Asian spot LNG prices fell again this week with Angola releasing more supply even as more Australian and U.S. production gears up at a time of already saturated markets.
Iran's Natural Gas Rush Won't Bring Export Riches -- For Now
(Thursday, March 16, 2017) The Iranians won't have much gas to export because they are likely to use most of their new production themselves.
Russia's Novatek Sees 4% of Yamal LNG 3rd Train Production on Spot Market
(Thursday, March 16, 2017) Russia's second biggest gas producer Novatek expects around 4 percent of production of the third train of its Yamal LNG project to go to the spot market, its Chief Financial Officer Mark Gyetvay said on Thursday.
Over 800 Workers Demobilized From Ichthys LNG Tanks Project
(Wednesday, March 15, 2017) Laing O'Rourke Australia Construction has demobilized approximately 800 of its people from the Ichthys LNG Tanks Project in Darwin.
Australia Hauls in Gas Majors to Avert Local Shortage
(Wednesday, March 15, 2017) Australia is on track to become the world's largest exporter of LNG, yet its energy market operator has warned of a domestic gas crunch from 2019.
Inpex's Ichthys LNG Hit by Another Contract Dispute
(Wednesday, March 15, 2017) Inpex's $37 billion Ichthys Australian LNG project was hit by another subcontractor dispute.
Qatargas Agrees to Double LNG Supplies to Poland
(Tuesday, March 14, 2017) The agreement comes as Poland is struggling to reduce its reliance on supplies of Russian gas.
Russia's Gazprom Delays Baltic, Sakhalin LNG Projects
(Monday, March 13, 2017) The delays could disrupt Russia's plans to carve out a bigger share of the global LNG market, where it aims to triple its market share of less than 5 percent by 2035.
UK Gas Premium Eroded Even Further in Argentine Tender
(Friday, March 10, 2017) Asian spot LNG prices remained on a downward trajectory for a third month as producers fully stocked with supply struggled to place cargoes into a largely saturated market which was also tainted by low demand.
Russia's Gazprom Says Launch of Baltic LNG Postponed Until 2022-2023
(Friday, March 10, 2017) Russian gas giant Gazprom has postponed the launch of its Baltic liquefied natural gas (LNG) plant in the Leningrad region until 2022-2023, it said in a prospectus for a Eurobond issue, a copy of which was obtained by Reuters on Friday.