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International News

SHI wins $3 billion order for 14 LNG carriers

June 23, 2022 Mariel Alumit

In a single day, South Korean shipbuilder Samsung Heavy Industries (SHI) received orders for the construction of a total of fourteen liquefied natural gas (LNG) carriers. On 21 June 2022, SHI won an order from […]

Chevron
US Energy News

Venture Global announces LNG sales and purchase agreements with Chevron

June 22, 2022 Mariel Alumit

Venture Global announced the execution of two long-term Sales and Purchase Agreements (SPAs) for the purchase of two million tonnes per annum (2MTPA) of liquefied natural gas (LNG) for 20 years Under the agreements, Chevron U.S.A. Inc. will […]

LNG
International News

Exxon Joins The Fun As New Partner In Huge Qatari LNG Project

June 22, 2022 Mariel Alumit

U.S. energy supermajor ExxonMobil has become QatarEnergy’s third international partner in the North Field East (NFE) expansion project after TotalEnergies and Eni joined earlier this month. With this deal, Exxon committed to helping further develop […]

LNG
Top News

Shutdown Extended of Fire-Damaged Texas LNG Export Site

June 21, 2022 Mariel Alumit

Freeport LNG expects partial operation to resume in early September at its $13.5-billion liquefied natural gas plant and export terminal in Freeport, Texas, following a June 8 gas leak-triggered fire and explosion in its piping […]

US gas price
International News

Average US gas price dips below $5 a gallon

June 20, 2022 Mariel Alumit

New York (CNN Business)US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded gas fell below the $5 mark. The average price […]

LNG
International News

Finland to open first LNG terminal

June 17, 2022 Mariel Alumit

Finland’s first floating terminal for liquefied natural gas (LNG) will be placed on the country’s southern coast at the port of Inkoo, some 60 kilometres west of Helsinki, Gasgrid Finland, a state-owned company and transmission […]

Europe
Exports

Europe Imports Record LNG Volumes

June 15, 2022 Mariel Alumit

Europe is importing record levels of liquefied natural gas (LNG) this year as it looks to reduce dependence on Russian pipeline gas and fill gas storage ahead of next winter. The European Union and the […]

European
International News

European Natural Gas Prices Rise on Worsening Supply Issues, ANZ Bank Says

June 14, 2022 Mariel Alumit

European natural gas saw gains on worsening supply issues, including reduced flows from Norway and lower US liquefied natural gas volumes, Australia’s ANZ Bank said in a Tuesday note. These added to worries over the […]

China
Commodities

Soft China LNG demand outweighs Freeport outage concerns: Russell

June 14, 2022 Mariel Alumit

The spot price of liquefied natural gas (LNG) in Asia has largely shrugged off an outage at a major U.S. export plant, amid signs that demand in the world’s top-importing region remains tepid. The explosion […]

Tanzania
Exploration and Production

Tanzania signs LNG framework agreement with Equinor and Shell

June 13, 2022 Mariel Alumit

DAR ES SALAAM, June 11 (Reuters) – Tanzania signed a framework agreement on Saturday with Norway’s Equinor (EQNR.OL) and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) […]

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